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.

Price · NRP

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$52.86M◇	$232.35M	$278.73M	$307.01M	$216.12M	$139.74M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$24.10M	$25.15M	$26.11M	$21.85M	$17.36M	$14.29M
Total Operating Expenses	$62.93M	$68.81M	$77.47M	$184.17M	$68.59M	$184.17M
D&A	$14.96M	$15.54M	$18.49M	$22.52M	$19.07M	$9.20M
Operating Income	$144.35M	$199.20M	$292.54M	$305.23M	$147.78M	($43.85M)
Interest Expense	$7.98M	$15.55M	$14.10M	$26.27M	$38.88M	$40.97M
Income Tax	-	-	-	-	-	-
Net Income	$136.37M	$154.91M	$200.79M	$238.49M	$77.29M	($84.82M)
EPS - Basic	-	-	-	-	-	-
EPS - Diluted	-	-	-	-	-	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$30.14M	$30.44M	$11.99M	$39.09M	$135.52M	$99.79M
Accounts Receivable	$28.67M	$31.47M	$41.09M	$42.70M	$24.54M	$12.32M
Inventory	-	-	-	-	-	-
Accounts Payable	$1.16M	$909.0K	$885.0K	$1.99M	$1.96M	$1.39M
Current Assets	$60.91M	$63.87M	$55.29M	$83.61M	$162.78M	$117.19M
Total Assets	$748.37M	$772.91M	$797.88M	$877.13M	$953.82M	$921.88M
Current Liabilities	$32.99M	$31.86M	$49.84M	$60.23M	$64.39M	$61.37M
Long-term Debt	$18.88M	$127.88M	$124.27M	$129.21M	$394.44M	$432.44M
Total Liabilities	$115.85M	$221.80M	$219.64M	$235.09M	$513.89M	$549.02M
Stockholders' Equity	-	-	-	-	-	-
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$165.86M	$248.49M	$310.98M	$266.84M	$121.80M	$89.27M
Investing Cash Flow	$4.77M	$7.51M	$5.42M	$2.69M	$2.41M	$1.68M
Financing Cash Flow	($170.93M)	($237.55M)	($343.50M)	($365.95M)	($88.49M)	($89.43M)
CapEx	$0	$0	$10.0K	$0	$0◇	-
Free Cash Flow	$165.86M	$248.49M	$310.97M	$266.84M	$121.80M◇	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	273.1%	85.7%	105.0%	99.4%	68.4%	-31.4%
EBITDA margin	301.4%	92.4%	111.6%	106.8%	77.2%	-24.8%
Net margin	258.0%	66.7%	72.0%	77.7%	35.8%	-60.7%
Free cash flow margin	313.8%	106.9%	111.6%	86.9%	56.4%	-
FCF / Net income	1.22	1.60	1.55	1.12	1.58	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	45.6%	10.8%	9.4%	7.1%	8.0%	10.2%
Effective tax rate	-	-	-	-	-	-
Return on assets	18.2%	20.0%	25.2%	27.2%	8.1%	-9.2%
Return on equity	-	-	-	-	-	-
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.85	2.00	1.11	1.39	2.53	1.91
Quick ratio	1.85	2.00	1.11	1.39	2.53	1.91
Cash ratio	0.91	0.96	0.24	0.65	2.10	1.63
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	0.03	0.17	0.16	0.15	0.41	0.47
Debt / EBITDA	0.12	0.60	0.40	0.39	2.36	-
Interest coverage	18.1x	12.8x	20.7x	11.6x	3.8x	-1.1x
Equity multiplier	-	-	-	-	-	-
Liabilities / Assets	0.15	0.29	0.28	0.27	0.54	0.60
Efficiency
Asset turnover	0.07	0.30	0.35	0.35	0.23	0.15
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	198d	49d	54d	51d	41d	32d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-77.2%	-16.6%	-9.2%	42.1%	54.7%	-45.7%
Revenue CAGR (3y)	-44.4%	2.4%	25.9%	6.0%	-	-28.0%
Revenue CAGR (5y)	-17.7%	-2.0%	-	-3.9%	-10.2%	-22.2%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-27.5%	-31.9%	-4.2%	106.5%	-	-
Net income growth (YoY)	-12.0%	-22.8%	-15.8%	208.6%	-	-246.8%
EPS growth (YoY)	-	-	-	-	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-33.3%	-20.1%	16.5%	119.1%	-	-
FCF CAGR (5y)	-	-	-	17.4%	3.5%	-
Book value growth (YoY)	-	-	-	-	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$200.28M total

Mineral Rights Segment$200.28M · 100.0%

Product / service

$393.38M total

Royalty 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%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
-No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Bituminous Coal & Lignite Surface Mining

Company	Revenue (last FY)	Net margin	ROE
NC	$277.20M	6.3%	4.1%
BTU	$3.86B	-1.4%	-1.5%
ARCH	-	-	-
ARLP	$2.19B	14.2%	-
AMR	$2.13B	-2.9%	-4.0%

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

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.