MASTER limited partnership Penn Virginia Resources (PVR) reported 2004 net income of US$34.3 mill...
The company said increased royalty revenue stemmed from increased tonnage mines at PVR’s properties and strong market conditions.
Fourth quarter net income was $8.6 million.
PVR said it made strong strategic leaps during 2004 by adding fee-based assets to its portfolio, including a coal handling joint venture with Massey Energy.
PVR owns properties in New Mexico, Virginia and West Virginia.
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