NATURAL RESOURCE PARTNERS LP (NRP) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Total revenues			273.8	232.9	199.0	159.2
Cost of goods sold			46.6	29.6	27.0	24.7
Gross profit			227.2	203.4	171.9	134.6
Gross margin			83.0%	87.3%	86.4%	84.5%
Selling, general and administrative [+]			19.4	17.7	17.4	14.7
General and administrative			19.4	17.7	17.4	14.7
Equity in earnings			29.5	14.8
Other operating expenses			-68.8	-36.2	-17.6	-12.7
EBITDA			306.1	236.7	172.2	132.6
EBITDA margin			111.8%	101.6%	86.5%	83.3%
Depreciation and amortization			18.8	17.9	19.1	18.2
EBIT			287.3	218.8	153.1	114.5
EBIT margin			104.9%	93.9%	76.9%	71.9%
Non-recurring items [+]			1.2	1.3	5.3	7.1
Asset impairment			1.1	1.1	5.1	6.8
Loss (gain) on sale of assets					0.2	0.4
Interest expense			36.7	38.3	38.9	39.4
Interest expense			36.7	38.3	38.9	39.4
Other income (expense), net [+]			-33.5	-14.8
Gain (loss) on debt retirement			-4.0
Pre-tax income			215.9	164.4	108.9	67.9
Income taxes			108.9	108.9	108.9	-84.8
Tax rate			50.5%	66.2%	100.0%	-124.8%
Net income			183.4	131.5	75.7	36.1
Net margin			67.0%	56.5%	38.1%	22.7%

Basic EPS			$19.77	$10.64	$6.14	$2.93
Diluted EPS			$9.03	$6.40	$4.07	$2.24


Shares outstanding (basic)			9.3	12.4	12.3	12.3
Shares outstanding (diluted)			20.3	20.5	18.6	16.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.