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Note 17 - Subsequent Events | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Subsequent Events [Text Block] | 17. Subsequent Events The following represents material events that have occurred subsequent to September 30, 2023 through the time of the Partnership’s filing of its Quarterly Report on Form 10-Q with the SEC: Common Unit and Preferred Unit Distributions In November 2023, the Board of Directors declared a distribution of $0.75 per common unit with respect to the third quarter of 2023. The Board of Directors also declared a $2.15 million cash distribution on NRP's outstanding preferred units with respect to the third quarter of 2023. Warrant Repurchases On October 6, 2023, the Partnership executed a negotiated transaction with holders of the warrants pursuant to which the Partnership repurchased and retired an aggregate of 300,000 warrants with an exercise price of $34.00 for approximately $11.4 million in cash. On October 26, 2023, the Partnership executed another negotiated transaction with holders of the warrants pursuant to which the Partnership repurchased and retired an aggregate of 350,000 warrants with an exercise price of $34.00 for approximately $11.1 million in cash. Following these transactions, 1.54 million warrants with an exercise price of $34.00 remain outstanding. As a result of these repurchases, warrant holders' interest on the Partnership's Statement of Partners' Capital decreased by $9.7 million during the month of October 2023.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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