ADDED
nrp20251231_10k.htm 0001171486 NATURAL RESOURCE PARTNERS LP false --12-31 FY 2025 13,250,412 true true true false true Our Audit Committee receives periodic reports from management on our cybersecurity risks.
In addition, management updates our Audit Committee, as necessary, regarding significant cybersecurity incidents.
Our Audit Committee reports to the full Board of Directors regarding its activities, including those related to cybersecurity.
Our Board of Directors also receives, as necessary, briefings from management on our cybersecurity risk management program and receive presentations on cybersecurity topics from IT leadership, which includes our Chief Sustainability and Administrative Officer ("CSAO"), or external experts as part of the Board s continuing education on topics that impact public companies.
Our Audit Committee receives periodic reports from management on our cybersecurity risks.
In addition, management updates our Audit Committee, as necessary, regarding significant cybersecurity incidents.
Our Audit Committee reports to the full Board of Directors regarding its activities, including those related to cybersecurity.
Our Board of Directors also receives, as necessary, briefings from management on our cybersecurity risk management program and receive presentations on cybersecurity topics from IT leadership, which includes our Chief Sustainability and Administrative Officer ("CSAO"), or external experts as part of the Board s continuing education on topics that impact public companies.
Our Audit Committee receives periodic reports from management on our cybersecurity risks.
In addition, management updates our Audit Committee, as necessary, regarding significant cybersecurity incidents.
REMOVED
Included in interest expense, net was $0.7 million, $0.3 million and $0.3 million of interest income for the years ended December 31, 2024, 2023 and 2022, respectively.
Long-term incentive compensation for the year ended December 31, 2024 includes (1) Mineral Rights segment: $1.4 million of equity compensation and $0.4 million of cash compensation; (2) Corporate Financing segment: $9.1 million of equity compensation and $0.4 of cash compensation Other long-term assets, net includes amounts prepaid by NRP related to override agreements from contracts with customers as well as long-term lease amendment fee receivables from contracts with customers.
Relates to accrued distribution paid upon the redemption of 40,000 preferred units in May 2024 Amounts reclassified into income out of accumulated other comprehensive loss was $6.0 million, $(17.9) million and $(6.8) million for the year ended December 31, 2024, 2023 and 2022, respectively.
Other current assets, net includes short-term notes receivables from contracts with customers.
Other segment items in the Mineral Rights segment primarily include: insurance, legal, overriding royalty expense, processing and transportation expense, information technology, shared facility services, rent and professional fees.
During 2024, NRP recorded revenues of approximately $13.4 million from a third party related to its creation of California Air Resources Board carbon offset credits from our properties.
$11.3 million of this revenue was recorded in the three months ended December 31, 2024.
Net income includes $30.0 million of income attributable to preferred unitholders that accumulated during the period, of which $29.4 million is allocated to the common unitholders and $0.6 million is allocated to the general partner.
The Partnership recorded $0.1 million and $0.6 million of impairment expense during the year ended December 31, 2024 and 2023, respectively.
The Partnership recorded $4.4 million of impairment expense during the year ended December 31, 2022 primarily related to assets whose undiscounted future net cash flows were less than their net book values.