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Note 7 - Equity Investment

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

7.    Equity Investment

The Partnership accounts for its 49% investment in Sisecam Wyoming using the equity method of accounting. Activity related to this investment is as follows: 

		For the Three Months Ended March 31,
(In thousands)		2025				2024
Balance at beginning of period		$	257,355			$	276,549
Income allocation to NRP’s equity interests (1)			5,764				6,646
Amortization of basis difference			(1,153	)			(1,196	)
Other comprehensive income			2,260				845
Distributions			(2,940	)			(14,210	)
Balance at end of period		$	261,286			$	268,634

⁽¹⁾ Amounts reclassified into income out of accumulated other comprehensive loss was $1.3 million and $1.6 million for the three months ended March 31, 2025 and 2024, respectively.

The following table represents summarized financial information for Sisecam Wyoming as derived from their respective unaudited financial statements for the three months ended March 31, 2025 and 2024:

		For the Three Months Ended March 31,
(In thousands)		2025				2024
Net sales		$	153,309			$	130,431
Gross profit			19,033				21,233
Net income			11,764				13,563

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- References

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478156/740-323-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 323
-Publisher FASB
-URI https://asc.fasb.org/323/tableOfContent

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