Business Context and Reporting Period
Company: Natural Resource Partners L.P.
Filing Type: Form 8-K (Current Report)
Report Date: June 30, 2003
Event Date: June 20, 2003
This filing reports a material acquisition agreement entered into by the registrant.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses exclusively on a specific transaction.
| Metric | Value |
|---|---|
| Acquisition Cost | $58 million |
| Asset Acquired | Approximately 78 million tons of proven coal reserves |
| Additional Interest | Overriding royalty interest on additional coal |
| Target Entity | Subsidiaries of PinnOak Resources, LLC |
Material Changes
The primary material change is the agreement to acquire significant coal reserves and royalty interests. The transaction is expected to close in mid-July 2003.
Guidance, Outlook, and Risks
Outlook: Management anticipates the transaction closing in mid-July 2003.
Risks/Contingencies: The filing does not explicitly detail risks or contingencies associated with the transaction beyond the standard expectation of closing. No forward-looking guidance on earnings or production is provided in this text.
Investor Verification Checklist
- Verify the final closing date of the PinnOak Resources acquisition (expected mid-July 2003).
- Confirm the final purchase price and any adjustments to the $58 million agreement value.
- Review the specific terms of the overriding royalty interest on additional coal.
- Assess the impact of this acquisition on the company's total proven reserves and future production capacity.