v3.26.1
Note 3 - Common Unit Distributions
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Partners' Capital Notes Disclosure [Text Block]

3.    Common Unit Distributions

 

The Partnership makes cash distributions to common unitholders on a quarterly basis, subject to approval by the Board of Directors of GP Natural Resource Partners LLC (the "Board of Directors"). NRP recognizes common unit distributions on the date the distribution is declared.

 

Distributions made on the common units and the general partner's general partner ("GP") interest are made on a pro-rata basis in accordance with their relative percentage interests in the Partnership. The general partner is entitled to receive 2% of such distributions.

 

The following table shows the cash distributions declared and paid to common unitholders during the three months ended March 31, 2026 and 2025, respectively:

 

Month Paid

 

Period Covered by Distribution

 

Distribution per Unit

  

Total Distribution (1) (In thousands)

 

2026

          

February

 

October 1 - December 31, 2025

 $0.75  $10,141 

March (2)

 

Special Distribution

  0.12   1,622 
           

2025

          

February

 

October 1 - December 31, 2024

 $0.75  $10,055 

March (3)

 

Special Distribution

  1.21   16,221 
     
(1)

Totals include the amount paid to NRP's general partner in accordance with the general partner's 2% general partner interest.

(2)Special distribution was made to help cover unitholder tax liabilities associated with owning NRP's common units during 2025.
(3)Special distribution was made to help cover unitholder tax liabilities associated with owning NRP's common units during 2024.