Equity Investment

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity Investment

Equity Investment

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

	For the Three Months Ended March 31,
(In thousands)	2021		2020
Balance at beginning of period	$	262,514	$	263,080
Income allocation to NRP’s equity interests	3,216		7,493
Amortization of basis difference	(1,243)		(1,221)
Other comprehensive income (loss)	732		(1,023)
Distribution	(3,920)		(7,105)
Balance at end of period	$	261,299	$	261,224

The following table represents summarized financial information for Ciner Wyoming as derived from their respective unaudited financial statements for the three months ended March 31, 2021 and 2020:

	For the Three Months Ended March 31,
(In thousands)	2021		2020
Net sales	$	127,791	$	114,423
Gross profit	12,700		21,417
Net income	6,563		15,292