NRP · Natural Resource Partners LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $51.26M | - | $50.41M | $54.59M | $65.57M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.03M | - | $5.72M | $5.60M | $6.83M | - | $5.93M | $5.93M | $6.33M | - |
| Total Operating Expenses | $18.76M | - | $17.25M | $13.51M | $17.62M | - | $17.54M | $15.13M | $16.71M | - |
| D&A | $7.61M | - | $3.87M | $3.75M | $3.99M | - | $4.73M | $3.32M | $4.65M | - |
| Operating Income | $20.59M | - | $32.68M | $36.59M | $42.92M | - | $42.79M | $50.41M | $59.70M | - |
| Interest Expense | $973.0K | - | $1.78M | $2.38M | $3.49M | - | $4.19M | $3.49M | $3.49M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $19.62M | - | $30.91M | $34.21M | $40.25M | - | $27.12M | $30.95M | $54.06M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.50M | $30.14M | $31.02M | $30.34M | $30.88M | $30.44M | $30.90M | $32.34M | $10.99M | $11.99M |
| Accounts Receivable | $26.79M | $28.67M | $30.44M | $29.05M | $31.39M | $31.47M | $36.89M | $30.62M | $33.87M | $41.09M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $2.45M | $1.16M | $886.0K | $930.0K | $1.46M | $909.0K | $984.0K | $933.0K | $1.51M | $885.0K |
| Current Assets | $59.72M | $60.91M | $61.92M | $60.72M | $64.40M | $63.87M | $69.27M | $66.08M | $48.36M | $55.29M |
| Total Assets | $771.66M | $748.37M | $753.55M | $761.97M | $772.47M | $772.91M | $789.87M | $789.56M | $778.18M | $797.88M |
| Current Liabilities | $28.59M | $32.99M | $28.94M | $27.64M | $26.27M | $31.86M | $29.72M | $27.14M | $27.41M | $49.84M |
| Long-term Debt | $46.08M | $18.88M | $55.13M | $87.11M | $124.59M | $127.88M | $183.14M | $196.11M | $174.59M | $124.27M |
| Total Liabilities | $139.13M | $115.85M | $142.30M | $171.52M | $208.12M | $221.80M | $272.67M | $270.30M | $246.66M | $219.64M |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.01M | - | - | - | $34.42M | - | - | - | $71.50M | - |
| Investing Cash Flow | ($38.44M) | - | - | - | $947.0K | - | - | - | $812.0K | - |
| Financing Cash Flow | $6.79M | - | - | - | ($34.94M) | - | - | - | ($73.31M) | - |
| CapEx | - | - | - | - | - | - | - | - | $0 | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | $71.50M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | 83.7% | - | 84.9% | 92.3% | 91.0% | - |
| EBITDA margin | - | - | - | - | 91.5% | - | 94.3% | 98.4% | 98.1% | - |
| Net margin | - | - | - | - | 78.5% | - | 53.8% | 56.7% | 82.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | 109.0% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 1.32 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | 13.3% | - | 11.8% | 10.9% | 9.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 2.5% | - | 4.1% | 4.5% | 5.2% | - | 3.4% | 3.9% | 6.9% | - |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.09 | 1.85 | 2.14 | 2.20 | 2.45 | 2.00 | 2.33 | 2.43 | 1.76 | 1.11 |
| Quick ratio | 2.09 | 1.85 | 2.14 | 2.20 | 2.45 | 2.00 | 2.33 | 2.43 | 1.76 | 1.11 |
| Cash ratio | 1.10 | 0.91 | 1.07 | 1.10 | 1.18 | 0.96 | 1.04 | 1.19 | 0.40 | 0.24 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.06 | 0.03 | 0.07 | 0.11 | 0.16 | 0.17 | 0.23 | 0.25 | 0.22 | 0.16 |
| Debt / EBITDA | 1.63 | - | 1.51 | 2.16 | 2.66 | - | 3.85 | 3.65 | 2.71 | - |
| Interest coverage | 21.2x | - | 18.4x | 15.4x | 12.3x | - | 10.2x | 14.4x | 17.1x | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.18 | 0.15 | 0.19 | 0.23 | 0.27 | 0.29 | 0.35 | 0.34 | 0.32 | 0.28 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | 0.07 | - | 0.06 | 0.07 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | 223d | - | 267d | 205d | 189d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | -21.8% | - | -26.5% | -31.2% | -14.0% | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | 5.0% | - | -2.6% | -7.6% | -0.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -52.0% | - | -23.6% | -27.4% | -28.1% | - | -36.8% | -31.7% | -27.3% | - |
| Net income growth (YoY) | -51.3% | - | 14.0% | 10.5% | -25.5% | - | -38.1% | -18.0% | -4.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -1.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$200.28M totalMineral Rights Segment$200.28M · 100.0%
Product / service
$393.38M totalRoyalty And Other Mineral Rights$191.04M · 48.6%
Coal Royalty Revenues$133.51M · 33.9%
Minimum Lease Straightline Revenues$16.58M · 4.2%
Transportation And Processing Services$11.29M · 2.9%
Wheelage Revenues$8.36M · 2.1%
Oil And Gas Royalty Revenues$7.62M · 1.9%
Property Tax Revenues$6.81M · 1.7%
Production Lease Minimum Revenues$5.01M · 1.3%
Lease Amendment Revenues$4.85M · 1.2%
Aggregates Royalty Revenues$3.71M · 0.9%
Coal Overriding Royalty Revenues$2.16M · 0.5%
Carbon Neutral Revenues$1.45M · 0.4%
Other Revenues$984.0K · 0.3%
Peer comparison
Same SIC group: Bituminous Coal & Lignite Surface Mining
Comparing NATURAL RESOURCE PARTNERS LP against the 5 most active filers in the same SIC group.
Dividends
$3.12/share trailing 12 months · -25.9% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2026 | $0.7500 |
| Mar 10, 2026 | $0.1200 |
| Feb 17, 2026 | $0.7500 |
| Nov 18, 2025 | $0.7500 |
| Aug 19, 2025 | $0.7500 |
| May 20, 2025 | $0.7500 |
| Mar 11, 2025 | $1.2100 |
| Feb 18, 2025 | $0.7500 |
| Nov 19, 2024 | $0.7500 |
| Aug 20, 2024 | $0.7500 |
| May 20, 2024 | $0.7500 |
| Mar 18, 2024 | $2.4400 |
| Feb 16, 2024 | $0.7500 |
| Nov 13, 2023 | $0.7500 |
| Aug 15, 2023 | $0.7500 |
| May 15, 2023 | $0.7500 |
| Mar 13, 2023 | $2.4300 |
| Feb 13, 2023 | $0.7500 |
| Nov 14, 2022 | $0.7500 |
| Aug 15, 2022 | $0.7500 |
| May 16, 2022 | $0.7500 |
| Feb 18, 2022 | $0.4500 |
| Nov 15, 2021 | $0.4500 |
| Aug 18, 2021 | $0.4500 |