Natural Resource Partners LP (NRP)
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana. It leases a portion of its reserves in exchange for royalty payments; and owns and leases transportation and processing infrastructure related to coal properties. Natural Resource Partners L.P. was incorporated in 2002 and is headquartered in Houston, Texas.
- Symbol
- NRP
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Thermal Coal
- Market cap
- $1.45B
- 52 week range
- 95.51 - 128.6
Valuation
- Share price
- $107.58 (close of 2026-09-23)
- P/E (TTM)
- 13.55x
- Price to book
- 2.24x
- Price to free cash flow
- 9.10x
- Enterprise value
- $1.45B
- Book value per share
- $49.06
Price performance
| Period | Change |
|---|
| 1 day | -0.15% |
| 5 days | -2.83% |
| 1 month | +2.08% |
| 3 months | +7.15% |
| 6 months | -11.47% |
| Year to date | +3.05% |
| 1 year | +5.03% |
| 3 years | +38.42% |
| 5 years | +401.30% |
| 10 years | +291.20% |
| All time | +10.91% |
Profitability and growth
- Return on equity
- 21.56%
- Return on invested capital
- 22.72%
- Return on assets
- 18.22%
- Return on capital employed
- 20.18%
- Net income growth
- -25.74%
- Free cash flow growth
- -33.25%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.99%
- Current ratio
- 2.12x
- Net debt to EBITDA
- -0.02x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- EBITDA
- $159.31M
- Net income
- $136.37M
- Earnings per share
- $10.39
- Shares outstanding
- 13.13M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | - | - | $136.37M | $10.39 |
| 2024-12-31 | $232.35M | $224.35M | $183.64M | $14.14 |
| 2023-12-31 | $278.73M | - | $278.44M | $22.06 |
| 2022-12-31 | $307.01M | - | $268.49M | $21.50 |
| 2021-12-31 | $185.20M | $165.14M | $108.90M | $0.00 |
| 2020-12-31 | $120.17M | - | $-84.82M | $0.00 |
| 2019-12-31 | $210.35M | $68.05M | $-24.46M | $0.00 |
| 2018-12-31 | $202.76M | - | $139.54M | $0.00 |
| 2017-12-31 | $242.78M | $195.06M | $88.67M | $0.00 |
| 2016-12-31 | $250.18M | $198.14M | $96.89M | $0.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | - | 21.56% | 22.72% |
| 2024-12-31 | 96.56% | 79.04% | 33.32% | 30.06% |
| 2023-12-31 | - | 99.89% | 48.15% | 40.56% |
| 2022-12-31 | - | 87.45% | 41.82% | 39.58% |
| 2021-12-31 | 89.17% | 58.80% | 24.75% | 19.93% |
| 2020-12-31 | - | -70.58% | -22.75% | -5.86% |
| 2019-12-31 | 32.35% | -11.63% | -4.89% | 5.57% |
| 2018-12-31 | - | 68.82% | 23.85% | 16.60% |
| 2017-12-31 | 80.34% | 36.52% | 20.37% | 14.50% |
| 2016-12-31 | 79.20% | 38.73% | 65.41% | 14.63% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $30.14M | $18.88M |
| 2024-12-31 | $30.44M | $127.88M |
| 2023-12-31 | $11.99M | $124.27M |
| 2022-12-31 | $39.09M | $129.21M |
| 2021-12-31 | $135.52M | $394.44M |
| 2020-12-31 | $99.79M | $432.44M |
| 2019-12-31 | $98.27M | $470.42M |
| 2018-12-31 | $101.84M | $557.57M |
| 2017-12-31 | $26.98M | $729.61M |
| 2016-12-31 | $40.37M | $990.23M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $165.86M | $11.12M |
| 2024-12-31 | $248.49M | $11.31M |
| 2023-12-31 | $310.97M | $10.91M |
| 2022-12-31 | $266.72M | $5.77M |
| 2021-12-31 | $121.80M | $4.04M |
| 2020-12-31 | $89.27M | $3.57M |
| 2019-12-31 | $137.31M | $2.36M |
| 2018-12-31 | $188.92M | $1.43M |
| 2017-12-31 | $127.14M | $18.00K |
| 2016-12-31 | $107.93M | $1.22M |
Dividend history
- Most recent payment
- 2026-08-18
- Paid in the last twelve months
- $3.12
| Payment date | Dividend per share |
|---|
| 2026-08-18 | $0.75 |
| 2026-05-19 | $0.75 |
| 2026-03-10 | $0.12 |
| 2026-02-17 | $0.75 |
| 2025-11-18 | $0.75 |
| 2025-08-19 | $0.75 |
| 2025-05-20 | $0.75 |
| 2025-03-11 | $1.21 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-06 | - | - |
| 2026-02-27 | - | - |
| 2025-11-04 | - | - |
| 2025-08-06 | - | - |
| 2025-05-06 | - | - |
| 2025-02-28 | - | - |
| 2024-11-05 | - | - |
Filings and sources
- Company website
- nrplp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
ConocoPhillips (COP) · Occidental Petroleum Corp (OXY) · Devon Energy Corp (DVN) · EQT Corp (EQT) · APA Corp (APA) · SLB Limited (SLB) · Baker Hughes Co (BKR) · Halliburton Co (HAL)
All Energy companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades