Equity Investment

6 Months Ended

Jun. 30, 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 June 30,				For the Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Balance at beginning of period	$	261,299	$	261,224	$	262,514	$	263,080
Income (loss) allocation to NRP’s equity interests	3,855		(2,047)		7,071		5,446
Amortization of basis difference	(1,254)		(1,011)		(2,497)		(2,232)
Other comprehensive income	2,533		1,359		3,265		336
Distribution	—		(7,105)		(3,920)		(14,210)
Balance at end of period	$	266,433	$	252,420	$	266,433	$	252,420

The following table represents summarized financial information for Ciner Wyoming as derived from their respective unaudited financial statements for the three and six months ended June 30, 2021 and 2020:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Net sales	$	120,690	$	76,184	$	248,481	$	190,607
Gross profit	14,087		2,242		26,787		23,659
Net income (loss)	7,867		(4,177)		14,430		11,115