SEC Filing Summary: Natural Resource Partners L.P.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Natural Resource Partners L.P. on November 7, 2002. The filing reports a material event under Item 5 (Other Events) regarding a strategic acquisition.
Key Financial Metrics
The filing details a specific transaction rather than periodic financial performance metrics such as revenue, profit, or cash flow for a reporting period.
- Acquisition Cost: $69 million in cash.
- Asset Acquired: 120 million tons of coal reserves.
- Counterparty: Subsidiaries of El Paso Corporation.
The filing text does not provide clear values for the company's overall revenue, profit margins, debt levels, or liquidity position outside of this specific transaction.
Material Changes
The primary material change is the expansion of the company's coal reserve base through the acquisition of 120 million tons from El Paso Corporation subsidiaries. This represents a significant capital deployment of $69 million in cash.
Outlook, Risks, and Management Commentary
Management commentary is limited to the announcement of the agreement. The filing incorporates a press release (Exhibit 99.1) for further details but does not explicitly state future guidance, specific risks associated with the acquisition, or contingencies within the body of this 8-K.
Key Facts for Investor Verification
- Verify the impact of the $69 million cash outflow on the company's current liquidity and debt covenants.
- Confirm the quality, location, and estimated extraction costs of the 120 million tons of acquired coal reserves.
- Review the full text of the press release (Exhibit 99.1) for details on financing terms or operational integration plans.
- Assess the strategic fit of El Paso Corporation's reserves with Natural Resource Partners' existing portfolio.