After the bell Thursday, the coal miner said 2013 guidance will remain as previously issued. Revenue is expected between $205 million and $220 million and the company expects net income of $1.40 to $1.60 a share. Analysts surveyed by Thomson Reuters had hoped for net income of $1.46 a share on $346.72 million in revenue.
"We did not see the recovery in the coal markets that we thought might occur over the course of 2013, but instead the markets weakened," said CEO Nick Carter in a statement.
For fiscal 2014, management issued guidance well below analyst consensus. The Houston-based business said it expects net income in the range of $1.10 to $1.30 a share and revenue between $305 million and $340 million. Consensus was for net income of $1.54 cents a share and revenue of $346.92 million.
TheStreet Ratings team rates NATURAL RESOURCE PARTNERS LP as a Buy with a ratings score of B-. The team has this to say about their recommendation:
"We rate NATURAL RESOURCE PARTNERS LP (NRP) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."