NRP

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Natural Resource Partners LP Limited Partnership

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Key Metrics

Previous Close: $104.86
52-Week Range: $95.51 – $128.60
Market Cap: —
P/E (TTM): 13.37
EPS (TTM): 7.81
Dividend Yield: 2.86%

Advanced Metrics

Price/Book: 2.17
PEG Ratio: —
Return on Equity: 17.20%
Return on Assets: 10.49%
Gross Margin: 87.62%
Operating Margin: 58.69%
Profit Margin: 52.29%
Current Ratio: 2.12
Debt/Equity: 0.05
Total Debt: $30.75M
Free Cash Flow: $118.20M
Revenue Growth: 13.10%
Earnings Growth: -26.60%
Enterprise Value: $1.40B

NRP Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$328.08M	$293.66M	$245.03M	$202.34M
Cost of Revenue	$22.52M	$18.49M	—	—
Gross Profit	$305.57M	$275.17M	—	—
Selling, General & Admin	$21.85M	$26.11M	$25.15M	$24.10M
Operating Expenses	$79.27M	$76.92M	$68.72M	$62.91M
Operating Income	$248.81M	$216.74M	$176.31M	$139.43M
EBITDA	$317.29M	$311.03M	$214.73M	$159.31M
Pretax Income	$268.49M	$278.44M	$183.64M	$136.37M
Net Income	$268.49M	$278.44M	$183.64M	$136.37M
Diluted EPS	13.39	13.08	11.35	10.04
Diluted Shares	12.49M	16.10M	13.38M	13.31M

NRP Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$39.09M	$11.99M	$30.44M	$30.14M
Receivables	$42.70M	$41.09M	$31.47M	$28.67M
Current Assets	$83.61M	$55.29M	$63.87M	$60.91M
Total Assets	$877.13M	$797.88M	$772.91M	$748.37M
Current Liabilities	$60.23M	$49.84M	$31.86M	$32.99M
Long-Term Debt	$129.21M	$124.27M	$127.88M	$18.88M
Total Debt	$168.28M	$155.06M	$142.07M	$33.08M
Total Liabilities	$235.09M	$219.64M	$221.80M	$115.85M
Shareholders' Equity	$0.00	$0.00	$0.00	$0.00
Working Capital	$23.39M	$5.45M	$32.01M	$27.93M
Net Debt	$129.19M	$143.07M	$111.62M	$2.94M

NRP Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$266.84M	$310.98M	$248.49M	$165.86M
Capital Expenditure	-$118.00K	-$10.00K	—	—
Free Cash Flow	$266.72M	$310.97M	$248.49M	$165.86M
Stock-Based Compensation	$5.77M	$10.91M	$11.31M	$11.12M
Investing Cash Flow	$2.69M	$5.42M	$7.51M	$4.77M
Financing Cash Flow	-$365.95M	-$343.50M	-$237.55M	-$170.93M
Dividends Paid	-$64.64M	-$91.98M	-$78.54M	-$56.44M
Share Repurchases	-$19.32M	-$178.33M	-$71.67M	$0.00
Net Change in Cash	-$96.43M	-$27.10M	$18.45M	-$303.00K

NRP Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$55.68M	$46.85M	$51.41M	$48.40M	$47.18M
Selling, General & Admin	$6.83M	$5.60M	$5.72M	$5.95M	$5.03M
Operating Expenses	$17.60M	$13.51M	$17.25M	$14.56M	$18.76M
Operating Income	$38.08M	$33.34M	$34.17M	$33.84M	$28.42M
EBITDA	$46.91M	$40.34M	$36.55M	$35.50M	$28.21M
Pretax Income	$40.25M	$34.21M	$30.91M	$31.00M	$19.62M
Net Income	$40.25M	$34.21M	$30.91M	$31.00M	$19.62M
Diluted EPS	2.97	2.52	2.28	2.27	1.44
Diluted Shares	13.28M	13.30M	13.28M	13.38M	13.35M

NRP Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$30.88M	$30.34M	$31.02M	$30.14M	$31.50M
Receivables	$31.39M	$29.05M	$30.44M	$28.67M	$26.79M
Current Assets	$64.40M	$60.72M	$61.92M	$60.91M	$59.72M
Total Assets	$772.47M	$761.97M	$753.55M	$748.37M	$771.66M
Current Liabilities	$26.27M	$27.64M	$28.94M	$32.99M	$28.59M
Long-Term Debt	$124.59M	$87.11M	$55.13M	$18.88M	$46.08M
Total Debt	$138.80M	$101.34M	$69.38M	$33.08M	$60.32M
Total Liabilities	$208.12M	$171.52M	$142.30M	$115.85M	$139.13M
Shareholders' Equity	$0.00	$0.00	$0.00	$0.00	$0.00
Working Capital	$38.13M	$33.08M	$32.97M	$27.93M	$31.13M
Net Debt	$107.93M	$71.00M	$38.36M	$2.94M	$28.81M

NRP Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$34.42M	$45.58M	$41.09M	$44.77M	$33.01M
Free Cash Flow	$34.42M	$45.58M	$41.09M	$44.77M	$33.01M
Stock-Based Compensation	$2.72M	$2.66M	$2.72M	$3.02M	$1.16M
Investing Cash Flow	$947.00K	$1.44M	$1.63M	$743.00K	-$38.44M
Financing Cash Flow	-$34.94M	-$47.55M	-$42.05M	-$46.39M	$6.79M
Dividends Paid	-$26.28M	-$10.05M	-$10.05M	-$10.05M	-$11.76M
Share Repurchases	—	—	$0.00	$0.00	—
Net Change in Cash	$432.00K	-$532.00K	$675.00K	-$878.00K	$1.36M

Market Snapshot

About

Natural Resource Partners LP owns and manages a portfolio of mineral properties generating royalty income from coal and other natural resources. The company leases land to operators for coal mining, aggregates production, and oil and gas extraction across multiple U.S. states. NRP provides passive exposure to commodity production without the operational risks of mining or drilling.