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NYSE · BITUMINOUS COAL & LIGNITE SURFACE MINING · LARGE CAP

Natural Resource Partners LP NRP

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$136.4M
▼ 25.7% YoY
$165.9M
▼ 33.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

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.

Growth

·
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2024 · Revenue 232.4 · Net income 183.6
200.0M400.0M-250.0M-500.0M
2008201120142017202020232025
Compound annual growth
+7.9%
−2.0%
−4.0%
−0.6%
−20.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.0% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2024 · Operating 85.7% · Net 79.0%
50%100%-50%-100%
200820162025
ROE

Not available in our data for this period.

Three returns, three denominators.
Return on equityNot available in our data for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 20%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 165.9
150M300M
200820162025

Total assetsUSD 748.4M
CashUSD 30.1M
Gross debtUSD 33.1M
Net debtUSD 2.9M
Current ratio1.85×

Not available: we don't have the shareholders' equity figure for this period.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
NRP, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B◌0.20.30.30.20.10.30.30.20.40.40.30.40.40.40.30.30.3
Operating income $B0.10.20.30.30.1−0.00.10.20.20.2−0.20.20.20.30.10.20.20.2
EBITDA $B0.20.20.30.30.2−0.00.10.20.20.2−0.10.20.30.30.20.30.20.3
Income tax $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Net income $B0.10.20.30.30.1−0.1−0.00.10.10.1−0.60.10.20.20.10.20.10.2
Free cash flow $B0.20.20.30.30.10.1◌◌0.10.10.20.20.20.30.30.30.20.2
EPS, diluted $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE % — not available in our data◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 51 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. 13 checks were skipped: cost of revenue is not tagged before 2020. Four checks were skipped: the balance sheet is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityBituminous Coal & Lignite Surface Mining
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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