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Natural Resource Partners (NRP) Financials

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$113.25 +0.74 (+0.66%)
As of 09/3/2026 03:58 PM Eastern
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Annual Income Statements for Natural Resource Partners

Annual Income Statements for Natural Resource Partners

This table shows Natural Resource Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -572 194 89 110 -54 -115 77 238 201 155 136
Consolidated Net Income / (Loss)		 -572 97 89 140 -24 -85 109 268 278 184 136
Net Income / (Loss) Continuing Operations		 -158 91 82 122 -25 -85 109 268 278 184 136
Total Pre-Tax Income 		228 91 82 122 -25 -85 109 268 278 184 136
Total Operating Income		 -170 181 177 193 51 -44 148 305 293 199 144
Total Gross Profit		 1,298 250 243 251 257 130 194 293 261 217 178
Total Revenue		 1,298 250 243 251 257 130 194 328 294 245 202
Operating Revenue		 1,298 250 243 251 257 130 194 328 294 245 202
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35 32 28 24
Operating Cost of Revenue		 - - - - - - - 35 32 28 24
Total Operating Expenses		 981 69 66 59 206 184 69 48 42 36 37
Selling, General & Admin Expense		 149 41 43 46 49 14 17 22 26 25 24
Depreciation Expense		 57 29 23 22 15 9.20 19 23 18 16 15
Impairment Charge		 769 16 2.97 18 148 136 5.10 4.46 0.56 0.09 0.02
Other Special Charges / (Income)		 -14 -29 -3.55 -27 -6.50 - - -1.08 -2.96 -4.85 -1.88
Total Other Income / (Expense), net		 -90 -91 -94 -70 -77 -30 -17 23 59 2.58 -4.92
Interest Expense		 90 91 94 70 77 41 39 37 14 16 7.98
Interest & Investment Income		 0.02 - - - - 11 22 60 73 18 3.06
Preferred Stock Dividends Declared		 0.00 0.00 - 30 30 30 32 30 78 29 0.00
Basic Earnings per Share		 ($45.75) $7.78 $5.06 $8.77 ($4.35) ($9.20) $6.14 $18.72 $15.59 $11.69 $10.18
Weighted Average Basic Shares Outstanding		 12.23M 12.23M 21.95M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M
Diluted Earnings per Share		 ($45.75) $7.78 $3.96 $6.76 ($4.35) ($9.20) $4.81 $13.39 $13.08 $11.35 $10.04
Weighted Average Diluted Shares Outstanding		 12.23M 12.23M 21.95M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M
Weighted Average Basic & Diluted Shares Outstanding		 12.23M 12.23M 21.95M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M

Quarterly Income Statements for Natural Resource Partners

This table shows Natural Resource Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 63 54 31 27 43 40 34 31 31 20 25
Consolidated Net Income / (Loss)		 65 56 46 39 43 40 34 31 31 20 25
Net Income / (Loss) Continuing Operations		 65 56 46 39 43 40 34 31 31 20 25
Total Pre-Tax Income 		65 56 46 39 43 40 34 31 31 20 25
Total Operating Income		 69 60 50 43 46 43 37 33 32 21 26
Total Gross Profit		 52 65 51 45 39 49 43 44 43 41 47
Total Revenue		 76 71 57 52 60 56 47 51 48 47 53
Operating Revenue		 76 71 57 52 60 56 47 51 48 47 53
Total Cost of Revenue		 24 5.73 5.87 6.79 21 6.78 4.16 7.65 5.27 6.11 5.73
Operating Cost of Revenue		 - 5.73 5.87 6.79 - 6.78 4.16 7.65 5.27 6.11 5.73
Total Operating Expenses		 -1.80 11 4.61 11 -6.66 11 8.62 8.69 9.29 13 16
Selling, General & Admin Expense		 8.95 6.33 5.93 5.94 6.96 6.83 5.60 5.73 5.95 5.03 5.02
Depreciation Expense		 6.02 4.65 3.32 4.73 2.83 3.99 3.75 3.87 3.34 7.61 11
Impairment Charge		 - 0.00 0.00 0.09 - 0.02 0.00 0.00 - 0.00 0.00
Other Special Charges / (Income)		 - -0.17 -4.64 -0.00 - -0.25 -0.73 -0.91 - 0.00 -0.05
Total Other Income / (Expense), net		 11 1.96 -0.70 3.92 -2.59 1.94 0.15 -4.17 -2.84 -8.80 -5.96
Interest Expense		 3.92 3.49 4.35 4.19 3.52 2.67 2.38 1.78 1.16 0.97 1.05
Interest & Investment Income		 15 5.45 3.65 8.11 0.93 4.61 2.53 -2.39 -1.69 -7.83 -4.91
Basic Earnings per Share		 $4.86 $4.13 $2.33 $2.04 $3.19 $3.01 $2.55 $2.31 $2.31 $1.46 $1.86
Weighted Average Basic Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M
Diluted Earnings per Share		 $4.24 $3.83 $2.29 $2.00 $3.23 $2.97 $2.52 $2.28 $2.27 $1.44 $1.85
Weighted Average Diluted Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M
Weighted Average Basic & Diluted Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M

Annual Cash Flow Statements for Natural Resource Partners

This table details how cash moves in and out of Natural Resource Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.70 -11 -11 -215 -108 1.53 36 -96 -27 18 -0.30
Net Cash From Operating Activities		 203 108 127 189 137 89 122 267 311 248 166
Net Cash From Continuing Operating Activities		 169 80 112 178 137 88 122 267 311 248 166
Net Income / (Loss) Continuing Operations		 -572 97 89 140 -24 -85 109 268 278 184 136
Consolidated Net Income / (Loss)		 -572 97 89 140 -24 -85 109 268 278 184 136
Depreciation Expense		 57 29 23 22 15 9.20 19 23 18 16 15
Amortization Expense		 3.62 3.19 - - - 1.32 2.27 2.41 1.30 -1.51 -3.34
Non-Cash Adjustments To Reconcile Net Income		 676 -11 11 -4.33 165 146 0.87 5.72 19 31 15
Changes in Operating Assets and Liabilities, net		 3.45 -37 -10 21 -18 16 -9.31 -32 -6.08 19 3.10
Net Cash From Investing Activities		 -30 167 3.54 191 7.59 1.68 2.41 2.69 5.42 7.51 4.77
Net Cash From Continuing Investing Activities		 6.99 65 9.81 7.61 8.22 1.75 2.41 2.69 5.42 7.51 4.77
Purchase of Property, Plant & Equipment		 -10 -0.03 0.00 0.00 -0.02 0.00 0.00 -0.12 -0.01 0.00 0.00
Sale of Property, Plant & Equipment		 - 62 1.15 2.45 6.50 0.62 0.25 1.08 2.96 4.85 1.88
Other Investing Activities, net		 2.46 2.97 3.01 3.06 1.74 2.12 2.16 1.72 2.46 2.67 2.89
Net Cash From Financing Activities		 -171 -286 -141 -203 -253 -89 -88 -366 -343 -238 -171
Net Cash From Continuing Financing Activities		 -183 -146 -134 -6.84 -253 -88 -88 -366 -343 -238 -171
Repayment of Debt		 -172 -197 -531 -176 -490 -46 -40 -352 -266 -190 -161
Repurchase of Preferred Equity		 - 0.00 0.00 -8.84 - -3.86 0.00 -19 -178 -72 0.00
Repurchase of Common Equity		 - - - - - 0.00 -9.18 0.00 -56 -66 0.00
Payment of Dividends		 -2.74 -22 -31 -53 -63 -39 -39 -65 -92 -79 -56
Issuance of Debt		 100 20 181 35 300 0.00 0.00 70 249 168 47
Cash Interest Paid		 88 84 73 65 59 40 37 25 14 15 8.03

Quarterly Cash Flow Statements for Natural Resource Partners

This table details how cash moves in and out of Natural Resource Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -6.42 -1.00 21 -1.44 -0.46 0.43 -0.53 0.68 -0.88 1.36 -1.37
Net Cash From Operating Activities		 78 71 57 54 66 34 46 41 45 33 41
Net Cash From Continuing Operating Activities		 78 71 57 54 66 34 46 41 45 33 41
Net Income / (Loss) Continuing Operations		 65 56 46 39 43 40 34 31 31 20 25
Consolidated Net Income / (Loss)		 65 56 46 39 43 40 34 31 31 20 25
Depreciation Expense		 6.02 4.65 3.32 4.73 2.83 3.99 3.75 3.87 3.34 7.61 11
Amortization Expense		 0.26 -0.75 -0.20 -1.66 1.09 -0.17 -0.28 0.37 -3.26 0.45 0.44
Non-Cash Adjustments To Reconcile Net Income		 3.44 11 2.50 2.36 16 1.27 2.99 5.94 4.59 8.22 6.56
Changes in Operating Assets and Liabilities, net		 3.09 0.64 4.94 10 3.75 -11 4.91 0.02 9.09 -2.88 -2.36
Net Cash From Investing Activities		 2.64 0.81 5.30 0.67 0.72 0.95 1.44 1.63 0.74 -38 0.82
Net Cash From Continuing Investing Activities		 2.64 0.81 5.30 0.67 0.72 0.95 1.44 1.63 0.74 -38 0.82
Sale of Property, Plant & Equipment		 2.00 0.17 4.64 0.00 0.04 0.25 0.73 0.91 - 0.00 0.05
Other Investing Activities, net		 0.63 0.65 0.66 0.67 0.69 0.70 0.71 0.73 0.74 0.76 0.77
Net Cash From Financing Activities		 -87 -73 -41 -56 -67 -35 -48 -42 -46 6.79 -43
Net Cash From Continuing Financing Activities		 -87 -73 -41 -56 -67 -35 -48 -42 -46 6.79 -43
Repayment of Debt		 -90 -56 -18 -36 -72 -42 -38 -32 -49 -43 -39
Payment of Dividends		 -12 -44 -13 -12 -9.99 -26 -10 -10 -10 -12 -10
Issuance of Debt		 37 82 40 23 15 34 - - 13 61 6.00
Cash Interest Paid		 4.37 2.84 4.82 3.80 3.99 2.37 2.73 1.41 1.52 0.68 1.20

Annual Balance Sheets for Natural Resource Partners

This table presents Natural Resource Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,670 1,449 1,389 1,342 1,086 922 954 877 798 773 748
Total Current Assets		 121 105 91 243 132 117 163 84 55 64 61
Cash & Equivalents		 41 40 27 102 98 100 136 39 12 30 30
Accounts Receivable		 50 50 24 32 31 12 25 43 41 31 29
Prepaid Expenses		 4.27 7.27 3.78 3.46 1.24 5.08 2.72 1.82 2.22 1.96 2.11
Plant, Property, & Equipment, net		 61 49 1.35 0.00 24 24 24 24 24 24 24
Plant, Property & Equipment, gross		 - - - - 24 24 24 24 24 24 24
Total Noncurrent Assets		 1,488 1,294 1,296 1,099 930 781 767 770 719 685 663
Long-Term Investments		 262 256 286 286 263 263 276 306 277 257 250
Noncurrent Note & Lease Receivables		 - - - - 37 33 31 29 26 23 20
Intangible Assets		 57 53 47 43 18 17 16 15 14 13 12
Other Noncurrent Operating Assets		 1,059 985 807 771 612 467 444 419 402 391 381
Total Liabilities & Shareholders' Equity		 1,670 1,449 1,389 1,342 1,086 922 954 877 798 773 748
Total Liabilities		 1,597 1,301 954 757 585 549 514 235 220 222 116
Total Current Liabilities		 136 189 121 149 63 61 64 60 50 32 33
Short-Term Debt		 81 140 80 115 46 39 39 39 31 14 14
Accounts Payable		 6.28 7.17 2.02 2.41 1.18 1.39 1.96 1.99 0.89 0.91 1.16
Accrued Expenses		 45 26 12 12 8.76 7.73 10 12 13 12 11
Current Deferred Revenue		 - - 0.00 3.51 4.61 11 12 6.26 4.60 4.34 6.66
Other Current Nonoperating Liabilities		 4.39 16 27 15 2.38 1.71 1.21 0.99 0.58 0.30 0.07
Total Noncurrent Liabilities		 1,461 1,111 833 608 523 488 450 175 170 190 83
Long-Term Debt		 1,187 990 730 558 470 432 394 129 124 128 19
Noncurrent Deferred Revenue		 164 117 101 49 47 50 50 40 38 56 58
Other Noncurrent Operating Liabilities		 25 4.57 0.93 1.15 4.95 5.13 5.02 5.47 7.17 6.24 5.91
Commitments & Contingencies		 0.00 0.00 0.00 0.00 - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 73 148 262 421 336 205 256 477 531 551 633
Total Preferred & Common Equity		 76 152 265 423 339 205 256 477 531 551 633
Total Common Equity		 76 152 265 423 339 205 256 477 531 551 633
Common Stock		 78 153 202 360 275 137 205 411 511 553 637
Accumulated Other Comprehensive Income / (Loss)		 -2.15 -1.67 -3.31 -3.46 -2.59 0.32 3.21 19 -3.12 -1.67 -4.00

Quarterly Balance Sheets for Natural Resource Partners

This table presents Natural Resource Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 836 820 815 778 790 790 772 762 754 772 758
Total Current Assets		 57 51 60 48 66 69 64 61 62 60 62
Cash & Equivalents		 18 11 18 11 32 31 31 30 31 32 30
Accounts Receivable		 37 37 39 34 31 37 31 29 30 27 31
Prepaid Expenses		 3.22 2.87 2.57 3.49 3.11 1.48 2.14 1.33 0.46 1.43 0.93
Plant, Property, & Equipment, net		 24 24 24 24 24 24 24 24 24 24 24
Plant, Property & Equipment, gross		 24 24 24 24 24 24 24 24 24 24 24
Total Noncurrent Assets		 754 746 732 706 699 697 684 677 668 688 672
Long-Term Investments		 295 291 282 269 266 268 261 258 254 281 277
Noncurrent Note & Lease Receivables		 28 28 27 26 25 24 23 22 21 20 19
Intangible Assets		 15 14 14 13 13 13 13 12 12 10 8.66
Other Noncurrent Operating Assets		 416 413 408 398 395 391 387 384 380 376 367
Total Liabilities & Shareholders' Equity		 836 820 815 778 790 790 772 762 754 772 758
Total Liabilities		 231 240 265 247 270 273 208 172 142 139 107
Total Current Liabilities		 53 51 52 27 27 30 26 28 29 29 29
Short-Term Debt		 39 37 37 14 14 14 14 14 14 14 14
Accounts Payable		 1.45 1.52 1.14 1.51 0.93 0.98 1.46 0.93 0.89 2.45 0.99
Accrued Expenses		 3.47 5.72 6.51 5.06 7.23 7.91 5.10 7.65 8.31 4.61 7.13
Current Deferred Revenue		 7.45 6.82 6.40 5.64 4.45 5.82 4.95 4.67 5.01 7.03 6.71
Other Current Nonoperating Liabilities		 1.25 0.63 1.22 1.00 0.32 0.78 0.56 0.17 0.49 0.28 0.06
Total Noncurrent Liabilities		 179 189 213 219 243 243 182 144 113 111 78
Long-Term Debt		 134 146 171 175 196 183 125 87 55 46 13
Noncurrent Deferred Revenue		 39 37 35 38 40 54 52 51 53 59 60
Other Noncurrent Operating Liabilities		 6.12 6.46 6.83 6.31 6.62 5.90 5.28 5.49 5.72 5.31 5.50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 471 500 503 484 498 517 564 590 611 633 650
Total Preferred & Common Equity		 471 500 503 484 498 517 564 590 611 633 650
Total Common Equity		 471 500 503 484 498 517 564 590 611 633 650
Common Stock		 424 452 468 482 499 518 564 590 613 637 653
Accumulated Other Comprehensive Income / (Loss)		 -0.87 0.05 2.25 -2.28 -1.04 -0.96 0.59 0.18 -2.22 -4.14 -3.24

Annual Metrics And Ratios for Natural Resource Partners

This table displays calculated financial ratios and metrics derived from Natural Resource Partners' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 13,138,097.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 13,138,097.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 10.38
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -170 181 177 193 36 -31 148 305 293 199 144
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 47.27% 42.64% 28.74% 21.69%
Earnings before Interest and Taxes (EBIT)		 -170 181 177 193 51 -44 148 305 293 199 144
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -110 213 200 214 66 -33 169 330 312 213 156
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 692 183 405 181 160 142 168 303 313 239 165
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 999 997 769 780 656 484 463 466 445 406 385
Increase / (Decrease) in Invested Capital		 -863 -1.76 -229 12 -124 -172 -21 2.59 -20 -40 -20
Book Value per Share		 $0.62 $12.39 $21.68 $34.58 $27.65 $16.68 $20.73 $37.79 $42.03 $42.23 $48.14
Tangible Book Value per Share		 $0.16 $8.05 $17.85 $31.11 $26.20 $15.26 $19.42 $36.63 $40.95 $41.24 $47.24
Total Capital		 1,340 1,278 1,245 1,258 1,017 844 873 810 733 693 666
Total Debt		 1,267 1,130 809 673 516 471 434 168 155 142 33
Total Long-Term Debt		 1,187 990 730 558 470 432 394 129 124 128 19
Net Debt		 964 834 496 181 155 109 22 -177 -133 -146 -247
Capital Expenditures (CapEx)		 10 -62 -1.15 -2.45 -6.48 -0.62 -0.25 -0.97 -2.95 -4.85 -1.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 24 16 24 2.95 17 -4.92 1.98 23 24 16 12
Debt-free Net Working Capital (DFNWC)		 65 56 51 209 115 95 137 62 36 46 42
Net Working Capital (NWC)		 -15 -84 -29 94 69 56 98 23 5.45 32 28
Net Nonoperating Expense (NNE)		 401 84 88 52 60 54 39 37 14 16 7.98
Net Nonoperating Obligations (NNO)		 926 849 333 195 156 111 23 -176 -133 -145 -247
Total Depreciation and Amortization (D&A)		 61 32 23 22 15 11 21 25 20 14 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($45.75) $7.78 $10.17 $8.77 ($4.35) ($9.20) $6.14 $18.72 $15.59 $11.69 $10.18
Adjusted Weighted Average Basic Shares Outstanding		 12.23M 12.23M 12.24M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M
Adjusted Diluted Earnings per Share		 ($45.75) $7.78 $3.96 $6.76 ($4.35) ($9.20) $4.81 $13.39 $13.08 $11.35 $10.04
Adjusted Weighted Average Diluted Shares Outstanding		 12.20M 12.23M 12.24M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M
Adjusted Basic & Diluted Earnings per Share		 ($45.75) $7.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.20M 12.23M 12.24M 12.26M 12.26M 12.35M 12.51M 12.63M 12.96M 13.14M 13.25M
Normalized Net Operating Profit after Tax (NOPAT)		 409 118 123 128 135 64 107 216 203 136 100
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Natural Resource Partners

This table displays calculated financial ratios and metrics derived from Natural Resource Partners' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 13,138,097.00 13,250,412.00 13,250,412.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 13,138,097.00 13,250,412.00 13,250,412.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 2.36 1.48 1.90
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.70% -11.46% -3.71% -28.58% -21.42% -21.35% -18.18% -1.54% - -15.26% 13.07%
EBITDA Growth		 -2.70% -26.24% -31.50% -36.96% -33.21% -26.51% -25.17% -19.50% - -38.70% -5.65%
EBIT Growth		 -2.67% -27.31% -31.71% -36.78% -32.81% -28.11% -27.42% -23.62% - -52.02% -28.32%
NOPAT Growth		 -2.67% -27.31% -31.71% -36.78% -32.81% -28.11% -27.42% -23.62% - -52.02% -28.32%
Net Income Growth		 2.79% -29.09% -34.51% -39.55% -34.18% -28.39% -25.73% -19.92% - -51.26% -26.41%
EPS Growth		 29.27% 11.34% -8.03% -31.27% -23.82% -22.45% 10.04% 14.00% - -51.52% -26.59%
Operating Cash Flow Growth		 12.92% -1.92% -30.39% -31.41% -14.87% -51.85% -19.51% -24.10% - -4.10% -10.16%
Free Cash Flow Firm Growth		 30.96% -15.58% -12.24% 121.63% -3.76% -12.33% -18.70% -37.37% - -28.83% -8.65%
Invested Capital Growth		 -4.38% -5.08% -6.43% -9.10% -8.91% -6.82% -6.61% -4.86% - -7.63% -8.25%
Revenue Q/Q Growth		 4.36% -7.21% -12.78% -15.64% 14.81% -7.12% -15.87% 9.75% - -2.51% 12.27%
EBITDA Q/Q Growth		 3.34% -15.40% -15.83% -14.33% 9.49% -6.92% -14.29% -7.85% - -11.12% 31.93%
EBIT Q/Q Growth		 1.80% -13.35% -15.56% -15.12% 8.20% -7.29% -14.75% -10.68% - -35.96% 27.37%
NOPAT Q/Q Growth		 1.80% -13.35% -15.56% -15.12% 8.20% -7.29% -14.75% -10.68% - -35.96% 27.37%
Net Income Q/Q Growth		 1.78% -13.49% -18.05% -16.21% 10.82% -5.89% -15.01% -9.66% - -36.71% 28.32%
EPS Q/Q Growth		 45.70% -9.67% -40.21% -12.66% 61.50% -8.05% -15.15% -9.52% - -36.56% 28.47%
Operating Cash Flow Q/Q Growth		 -1.46% -8.08% -20.80% -4.39% 22.30% -48.02% 32.40% -9.84% - -26.25% 24.04%
Free Cash Flow Firm Q/Q Growth		 122.86% -6.70% -3.91% 5.53% 1.71% -15.01% -10.89% -18.70% - -1.05% 14.37%
Invested Capital Q/Q Growth		 -2.84% -0.82% -2.28% -3.48% -2.63% 1.45% -2.05% -1.67% - -1.33% -2.70%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 68.60% 91.90% 100.00% 87.00% 64.55% 87.83% 91.12% 85.11% - 87.04% 89.18%
EBITDA Margin		 98.54% 89.84% 86.50% 87.83% 83.76% 83.95% 85.52% 71.81% - 60.73% 71.36%
Operating Margin		 90.31% 84.32% 81.45% 81.94% 77.22% 77.08% 78.11% 63.57% - 43.64% 49.51%
EBIT Margin		 90.31% 84.32% 81.45% 81.94% 77.22% 77.08% 78.11% 63.57% - 43.64% 49.51%
Profit (Net Income) Margin		 85.17% 79.40% 74.42% 73.91% 71.34% 72.29% 73.03% 60.11% - 41.58% 47.53%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Interest Burden Percent		 94.31% 94.16% 91.37% 90.20% 92.39% 93.78% 93.50% 94.56% - 95.27% 95.99%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 58.21% 52.90% 52.03% 49.51% 44.47% 41.54% 41.08% 34.20% - 21.37% 25.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 60.75% 55.95% 56.25% 53.86% 47.00% 43.74% 42.81% 35.33% - 21.85% 26.07%
Return on Net Nonoperating Assets (RNNOA)		 -15.39% -11.27% -10.55% -9.72% -11.58% -9.68% -10.61% -9.88% - -7.40% -9.82%
Return on Equity (ROE)		 42.82% 41.63% 41.48% 39.79% 32.89% 31.86% 30.47% 24.33% - 13.97% 15.79%
Cash Return on Invested Capital (CROIC)		 68.70% 64.77% 61.90% 60.24% 56.13% 49.82% 47.23% 43.97% - 38.76% 37.49%
Operating Return on Assets (OROA)		 31.66% 29.73% 28.86% 26.99% 24.09% 22.86% 22.10% 18.02% - 10.96% 13.03%
Return on Assets (ROA)		 29.86% 27.99% 26.37% 24.34% 22.26% 21.44% 20.66% 17.03% - 10.44% 12.51%
Return on Common Equity (ROCE)		 35.39% 35.01% 37.67% 38.03% 31.51% 30.48% 29.90% 24.33% - 13.97% 15.79%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 52.73% 46.37% 39.80% 0.00% 29.71% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 69 60 50 43 46 43 37 33 32 21 26
NOPAT Margin		 90.31% 84.32% 81.45% 81.94% 77.22% 77.08% 78.11% 63.57% - 43.64% 49.51%
Net Nonoperating Expense Percent (NNEP)		 -2.54% -3.05% -4.22% -4.35% -2.53% -2.20% -1.73% -1.13% - -0.48% -0.45%
Return On Investment Capital (ROIC_SIMPLE)		 10.04% 8.87% - - 6.68% 6.10% 5.29% 4.80% 4.83% 2.97% 3.87%
Cost of Revenue to Revenue		 31.40% 8.10% 0.00% 13.00% 35.45% 12.17% 8.88% 14.89% - 12.96% 10.82%
SG&A Expenses to Revenue		 11.74% 8.94% 9.58% 11.37% 11.61% 12.27% 11.95% 11.13% - 10.67% 9.48%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue		 -2.36% 15.28% 24.44% 20.59% -11.12% 19.03% 18.41% 16.90% - 26.81% 30.41%
Earnings before Interest and Taxes (EBIT)		 69 60 50 43 46 43 37 33 32 21 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 75 64 54 46 50 47 40 37 32 29 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.11 2.36 2.35 2.47 2.63 2.42 2.13 2.26 - 2.53 1.98
Price to Tangible Book Value (P/TBV)		 2.17 2.42 2.41 2.53 2.69 2.47 2.17 2.30 - 2.58 2.00
Price to Revenue (P/Rev)		 3.82 4.01 4.10 4.83 5.91 5.94 5.72 6.31 - 8.27 6.43
Price to Earnings (P/E)		 5.58 5.75 6.10 7.29 9.34 9.67 8.69 9.31 - 13.85 12.05
Dividend Yield		 6.28% 6.17% 6.07% 5.56% 4.94% 4.05% 4.41% 4.01% - 2.58% 3.09%
Earnings Yield		 17.92% 17.38% 16.39% 13.71% 10.70% 10.34% 11.50% 10.74% - 7.22% 8.30%
Enterprise Value to Invested Capital (EV/IC)		 2.32 2.49 2.55 2.82 3.21 2.94 2.65 2.94 - 3.55 2.72
Enterprise Value to Revenue (EV/Rev)		 3.52 3.86 3.87 4.44 5.31 5.27 4.86 5.32 - 6.97 5.03
Enterprise Value to EBITDA (EV/EBITDA)		 3.31 3.79 4.16 4.93 6.11 6.17 5.84 6.69 - 9.80 7.41
Enterprise Value to EBIT (EV/EBIT)		 3.54 4.07 4.47 5.30 6.54 6.64 6.33 7.35 - 11.07 9.00
Enterprise Value to NOPAT (EV/NOPAT)		 3.54 4.07 4.47 5.30 6.54 6.64 6.33 7.35 - 11.07 9.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.33 3.55 3.87 4.52 5.24 5.73 5.33 6.21 - 8.21 6.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.30 3.74 3.99 4.46 5.45 5.70 5.41 6.51 - 8.80 6.94
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.27 0.36 0.41 0.38 0.26 0.25 0.17 0.11 - 0.10 0.04
Long-Term Debt to Equity		 0.21 0.33 0.38 0.35 0.23 0.22 0.15 0.09 - 0.07 0.02
Financial Leverage		 -0.25 -0.20 -0.19 -0.18 -0.25 -0.22 -0.25 -0.28 - -0.34 -0.38
Leverage Ratio		 1.37 1.42 1.46 1.50 1.39 1.42 1.40 1.37 - 1.29 1.22
Compound Leverage Factor		 1.29 1.34 1.34 1.36 1.29 1.33 1.31 1.29 - 1.23 1.18
Debt to Total Capital		 21.15% 26.21% 28.83% 27.62% 20.50% 19.74% 14.65% 10.19% - 8.71% 4.04%
Short-Term Debt to Total Capital		 4.20% 1.97% 1.95% 1.99% 2.05% 2.02% 2.06% 2.09% - 2.05% 2.11%
Long-Term Debt to Total Capital		 16.95% 24.24% 26.88% 25.63% 18.45% 17.72% 12.59% 8.10% - 6.65% 1.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.43% 6.55% 2.86% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Common Equity to Total Capital		 72.42% 67.24% 68.31% 72.38% 79.50% 80.26% 85.35% 89.81% - 91.29% 95.96%
Debt to EBITDA		 0.50 0.65 0.79 0.83 0.67 0.71 0.55 0.40 - 0.44 0.20
Net Debt to EBITDA		 -0.43 -0.31 -0.33 -0.43 -0.68 -0.78 -1.03 -1.24 - -1.83 -2.07
Long-Term Debt to EBITDA		 0.40 0.60 0.74 0.77 0.60 0.63 0.48 0.32 - 0.33 0.10
Debt to NOPAT		 0.53 0.70 0.85 0.89 0.71 0.76 0.60 0.44 - 0.49 0.25
Net Debt to NOPAT		 -0.46 -0.34 -0.36 -0.46 -0.73 -0.84 -1.11 -1.36 - -2.07 -2.51
Long-Term Debt to NOPAT		 0.42 0.65 0.80 0.83 0.64 0.68 0.52 0.35 - 0.38 0.12
Altman Z-Score		 3.72 3.43 3.23 3.38 4.48 4.48 4.89 6.30 - 7.30 7.60
Noncontrolling Interest Sharing Ratio		 17.35% 15.89% 9.18% 4.42% 4.18% 4.31% 1.88% 0.00% - 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.11 1.76 2.43 2.33 2.00 2.45 2.20 2.14 - 2.09 2.12
Quick Ratio		 1.06 1.64 2.32 2.28 1.94 2.37 2.15 2.12 - 2.04 2.08
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 89 83 80 85 86 73 65 53 53 52 59
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 22.78 23.90 18.41 20.15 24.39 27.38 27.35 29.75 - 53.44 56.53
Operating Cash Flow to Interest Expense		 19.84 20.50 13.02 12.91 18.79 12.90 19.15 23.10 - 33.93 38.93
Operating Cash Flow Less CapEx to Interest Expense		 20.35 20.55 14.09 12.91 18.80 13.00 19.46 23.61 - 33.93 38.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.35 0.35 0.35 0.33 0.31 0.30 0.28 0.28 - 0.25 0.26
Accounts Receivable Turnover		 7.01 8.08 8.42 7.01 6.75 7.05 7.36 6.50 - 6.66 6.70
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 12.23 11.85 11.88 11.01 10.21 9.58 9.14 9.11 - 8.07 8.33
Accounts Payable Turnover		 22.46 25.66 0.00 0.00 31.26 19.59 29.38 30.20 - 11.88 25.81
Days Sales Outstanding (DSO)		 52.07 45.15 43.35 52.10 54.04 51.80 49.61 56.18 - 54.78 54.47
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 16.25 14.23 0.00 0.00 11.68 18.63 12.42 12.09 - 30.71 14.14
Cash Conversion Cycle (CCC)		 35.82 30.93 43.35 52.10 42.36 33.17 37.19 44.10 - 24.06 40.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 445 442 432 417 406 412 403 396 385 380 370
Invested Capital Turnover		 0.64 0.63 0.64 0.60 0.58 0.54 0.53 0.54 - 0.49 0.52
Increase / (Decrease) in Invested Capital		 -20 -24 -30 -42 -40 -30 -29 -20 -20 -31 -33
Enterprise Value (EV)		 1,034 1,098 1,103 1,175 1,302 1,212 1,067 1,164 - 1,351 1,005
Market Capitalization		 1,121 1,142 1,170 1,276 1,448 1,365 1,255 1,380 - 1,603 1,285
Book Value per Share		 $42.03 $37.37 $38.46 $39.63 $42.23 $42.96 $44.94 $46.53 $48.14 $47.74 $49.06
Tangible Book Value per Share		 $40.95 $36.34 $37.44 $38.63 $41.24 $42.00 $44.00 $45.59 $47.24 $46.95 $48.41
Total Capital		 733 720 730 715 693 703 692 681 666 693 677
Total Debt		 155 189 210 197 142 139 101 69 33 60 27
Total Long-Term Debt		 124 175 196 183 128 125 87 55 19 46 13
Net Debt		 -133 -91 -88 -101 -146 -153 -188 -215 -247 -253 -280
Capital Expenditures (CapEx)		 -2.00 -0.17 -4.64 -0.00 -0.04 -0.25 -0.73 -0.91 0.00 0.00 -0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 24 24 21 23 16 21 17 16 12 14 17
Debt-free Net Working Capital (DFNWC)		 36 35 53 54 46 52 47 47 42 45 47
Net Working Capital (NWC)		 5.45 21 39 40 32 38 33 33 28 31 33
Net Nonoperating Expense (NNE)		 3.92 3.49 4.35 4.19 3.52 2.67 2.38 1.78 1.16 0.97 1.05
Net Nonoperating Obligations (NNO)		 -133 -90 -88 -101 -145 -153 -187 -215 -247 -252 -280
Total Depreciation and Amortization (D&A)		 6.28 3.91 3.13 3.08 3.92 3.82 3.47 4.24 0.08 8.06 12
Debt-free, Cash-free Net Working Capital to Revenue		 8.26% 8.49% 7.30% 8.65% 6.43% 9.34% 7.73% 7.41% - 7.15% 8.35%
Debt-free Net Working Capital to Revenue		 12.34% 12.36% 18.64% 20.34% 18.86% 22.77% 21.55% 21.59% - 23.40% 23.42%
Net Working Capital to Revenue		 1.86% 7.36% 13.65% 14.96% 13.06% 16.59% 15.07% 15.08% - 16.06% 16.28%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.86 $4.13 $2.33 $2.04 $3.19 $3.01 $2.55 $2.31 $2.31 $1.46 $1.86
Adjusted Weighted Average Basic Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M
Adjusted Diluted Earnings per Share		 $4.24 $3.83 $2.29 $2.00 $3.23 $2.97 $2.52 $2.28 $2.27 $1.44 $1.85
Adjusted Weighted Average Diluted Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.96M 12.96M 13.05M 13.05M 13.14M 13.14M 13.14M 13.14M 13.25M 13.25M 13.25M
Normalized Net Operating Profit after Tax (NOPAT)		 48 42 35 30 32 30 25 22 23 14 18
Normalized NOPAT Margin		 63.21% 58.86% 57.01% 57.48% 54.06% 53.67% 53.59% 43.26% - 30.55% 34.60%
Pre Tax Income Margin		 85.17% 79.40% 74.42% 73.91% 71.34% 72.29% 73.03% 60.11% - 41.58% 47.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 17.57 17.12 11.59 10.20 13.14 16.09 15.37 18.37 - 21.16 24.93
NOPAT to Interest Expense		 17.57 17.12 11.59 10.20 13.14 16.09 15.37 18.37 - 21.16 24.93
EBIT Less CapEx to Interest Expense		 18.08 17.17 12.66 10.20 13.15 16.18 15.68 18.88 - 21.16 24.98
NOPAT Less CapEx to Interest Expense		 18.08 17.17 12.66 10.20 13.15 16.18 15.68 18.88 - 21.16 24.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.03% 34.20% 35.87% 39.05% 42.77% 36.07% 37.16% 38.05% - 36.23% 39.38%
Augmented Payout Ratio		 53.18% 77.97% 88.56% 81.88% 78.54% 42.03% 37.16% 38.05% - 36.23% 39.38%

Financials Breakdown Chart

Key Financial Trends

Natural Resource Partners LP (NYSE:NRP) delivered a stronger second quarter sequentially, but its year-over-year results show continued normalization from the unusually high earnings levels of 2023 and early 2024. Q2 2026 revenue increased to $53.0 million from $47.2 million in Q1 2026 and $46.8 million in the restated Q2 2025. However, operating income fell 28.3% year over year to $26.2 million, while net income declined 26.4% to $25.2 million. Diluted EPS decreased to $1.85 from $2.52 a year earlier, despite the weighted-average share count remaining essentially unchanged.

Profitability has weakened from the levels reported in 2023 and 2024. Quarterly revenue fell from $79.3 million in Q1 2023 and $70.8 million in Q1 2024 to $47.2 million in Q1 2026, before recovering in Q2. Net income followed a similar pattern, declining from $79.3 million in Q1 2023 and $56.2 million in Q1 2024 to $19.6 million in Q1 2026. Q2 2026’s gross margin was approximately 89%, up from about 91% in Q2 2025? Wait, gross profit 47.239 /52.970=89.2%; Q2 25 42.687/46.846=91.1%. Need not include question. Say lower. The main pressure came from substantially higher depreciation expense, which rose to $11.1 million from $7.6 million year over year.

Cash generation remains a key strength. Operating cash flow was $41.0 million in Q2 2026, down from $45.6 million in Q2 2025 but up 24% from Q1 2026. Cash flow benefited from net income and noncash adjustments, although working capital reduced operating cash flow by $2.4 million. Financing activity remained heavily focused on debt reduction and distributions: NRP repaid $39.0 million of debt and paid $10.1 million in dividends during the quarter, producing a $43.1 million financing cash outflow and a $1.4 million decline in cash.

The balance sheet has improved substantially over the period provided. At June 30, 2026, total debt was approximately $27.4 million, down from $101.3 million at June 30, 2025 and approximately $298.4 million at June 30, 2022. Total liabilities declined to $107.5 million, while equity increased to $650.1 million. Cash remained relatively stable at $30.1 million, and current assets of $61.7 million continued to exceed current liabilities of $29.2 million. Investors should nevertheless monitor the decline in cash during quarters when debt repayments and distributions exceed operating cash generation.

  • Revenue recovered sequentially: Q2 2026 revenue rose 12.3% from Q1 2026 and 13.1% from restated Q2 2025.
  • Strong operating cash flow: NRP generated $41.0 million of operating cash flow in Q2 2026, with $74.0 million generated during the first half of the year.
  • Major debt reduction: Total debt fell to approximately $27.4 million from more than $100 million a year earlier and nearly $300 million in Q2 2022.
  • Improved capitalization: Total liabilities declined to $107.5 million while total equity increased to $650.1 million, leaving the company with a comparatively low debt burden.
  • Distribution capacity remains intact: NRP paid $10.1 million in dividends during Q2 2026 while still generating substantially more operating cash than it distributed.
  • Large investment base: Long-term investments totaled $277.5 million and represented a significant portion of total assets, making investment performance important to future results.
  • Stable share count: Weighted-average diluted shares were 13.25 million in Q2 2026 versus 13.14 million in Q2 2025, so recent EPS changes primarily reflect operating performance rather than dilution.
  • Year-over-year earnings contraction: Q2 2026 net income fell 26.4% and diluted EPS declined 26.6% from restated Q2 2025.
  • Higher depreciation expense: Depreciation increased to $11.1 million in Q2 2026 from $7.6 million a year earlier, reducing operating income despite higher revenue.
  • Cash flow remains vulnerable to capital allocation: Debt repayments and dividends produced a $43.1 million financing outflow in Q2 2026, causing cash to decline despite positive operating cash flow.
09/04/26 02:02 AM ETAI Generated. May Contain Errors.

Natural Resource Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Natural Resource Partners' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Natural Resource Partners' net income appears to be on an upward trend, with a most recent value of $136.37 million in 2025, falling from -$571.72 million in 2015. The previous period was $183.64 million in 2024. See Natural Resource Partners' forecast for analyst expectations on what's next for the company.

Natural Resource Partners' total operating income in 2025 was $144.35 million, based on the following breakdown:
  • Total Gross Profit: $178.49 million
  • Total Operating Expenses: $37.20 million

Over the last 10 years, Natural Resource Partners' total revenue changed from $1.30 billion in 2015 to $202.34 million in 2025, a change of -84.4%.

Natural Resource Partners' total liabilities were at $115.85 million at the end of 2025, a 47.8% decrease from 2024, and a 92.7% decrease since 2015.

In the past 10 years, Natural Resource Partners' cash and equivalents has ranged from $11.99 million in 2023 to $135.52 million in 2021, and is currently $30.14 million as of their latest financial filing in 2025.

Over the last 10 years, Natural Resource Partners' book value per share changed from 0.62 in 2015 to 48.14 in 2025, a change of 7,612.9%.


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Financial statements for NYSE:NRP last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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