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Natural Resource Partners L.P.

NRPEnergyNASDAQ

Thermal Coal · Last scanned May 29, 2026

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Financials · Annual
Revenue
$202.3M
-17.4% YoY
Net Income
$136.4M
-25.7% YoY
EBITDA
$159.3M
-25.8% YoY
Free Cash Flow
$119.7M

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About Natural Resource Partners L.P.

Headquartered within the energy sector, Natural Resource Partners L.P. focuses on Thermal Coal services and products. Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. Valued at $1.38B, NRP is a small-cap name in its sector. It operates in two segments, Mineral Rights and Soda Ash.

Key stats
Market Cap$1.38B
P/E (TTM)12.21
Fwd P/E34.64
EPS$8.51
Beta0.18
52W Change+8.3%
Dividend Yield2.89%
ROE19.3%
Analysis

The company holds $31.5M in cash, though total debt stands at $63.7M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $119.7M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 19.3%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.5% further supports the picture of efficient asset utilization. Revenue has pulled back from $328.1M (2022) to $202.3M (2025), a 38% decline worth watching.

With a beta below 0.7, Natural Resource Partners L.P. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Natural Resource Partners L.P. and its sector.

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