Natural Resource Partners LP NRP

What this company does

Natural Resource Partners LP owns, manages and leases a diversified portfolio of mineral properties in the United States, including interests in coal and other natural resources, and holds a non-controlling 49% interest in Sisecam Wyoming LLC, a trona ore mining and soda ash production business. Its business is organized into two operating segments, Mineral Rights and Soda Ash. The Mineral Rights segment consists of approximately 13 million acres of mineral interests and other subsurface rights across the United States. It does not mine, drill or produce minerals; instead, it leases its acreage to companies engaged in the extraction of minerals in exchange for the payment of royalties and various other fees. Its coal is primarily located in the Appalachia Basin, the Illinois Basin and the Northern Powder River Basin in the United States. The Soda Ash segment's operations are managed by the partnership's partner, Sisecam Chemicals Wyoming LLC, and the partnership realizes cash flow from that segment when distributions are paid to it. As of December 31, 2025, affiliates of its general partner employed 51 people who directly supported its operations. Natural Resource Partners LP is a publicly traded Delaware limited partnership formed in 2002.

Written from the business description in NATURAL RESOURCE PARTNERS LP's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.