Natural Resource Partners L.P. (NRP) Financials

NRP

FY2025 annual

Revenue Not reported for FY2025

Net Income $136.4M -25.7% YoY

Free Cash Flow $165.9M -33.3% YoY

Operating Cash Flow $165.9M -33.3% YoY

Market Cap $1.5B as of Oct 7, 2026

Price / Sales n/m no revenue reported

Price / Earnings 10.7x on $136.4M net income, FY2025

Price / Book 2.2x on $650.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NRP SEC filings page.

This page shows Natural Resource Partners L.P. (NRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NRP FY2025 2026-10-03

The business converts reported earnings into cash with little reinvestment, while FY2025 deleveraging materially changes its financing structure.

In FY2025, operating cash flow matched free cash flow at $165.9M because reported capital expenditures were $0, so the cash result reflects both earnings conversion and minimal reinvestment. Compared with FY2024, total liabilities fell from $221.8M to $115.8M, indicating that cash generation was paired with balance-sheet deleveraging rather than funded by expanding obligations.

Gross margin stability near 88% across the available pre-2025 periods contrasts with a FY2024 net margin of 79.0%. That combination suggests the major profitability change occurred below gross profit, consistent with lower financing or other operating costs rather than a major shift in direct-cost structure.

Debt-to-equity fell from 0.2x in FY2024 to 0.0x in FY2025, shifting the balance sheet toward equity and retained capital. The FY2025 current ratio of 1.8x also indicates that short-term obligations were not the main financing pressure shown by the reported figures.

Financial Health Signals

Financial health score not available

Natural Resource Partners L.P. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Natural Resource Partners L.P. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Natural Resource Partners L.P. generates $1.22 in operating cash flow ($165.9M OCF vs $136.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

18.08x

Natural Resource Partners L.P. earns $18.08 in operating income for every $1 of interest expense ($144.4M vs $8.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

EBITDA

$37.4M

YoY-7.4%

QoQ+32.5%

Natural Resource Partners L.P.'s EBITDA was $37.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 32.5%.

Net Income

$25.2M

YoY-26.4%

QoQ+28.3%

Natural Resource Partners L.P. reported $25.2M in net income in Q2 2026. This represents a decrease of 26.4% from the same quarter a year earlier. Against the prior quarter it is up 28.3%.

Revenue

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$30.1M

YoY-0.7%

QoQ-4.4%

5Y CAGR-21.0%

10Y CAGR+3.5%

Natural Resource Partners L.P. held $30.1M in cash against $13.1M in long-term debt as of Q2 2026.

Shares Outstanding

13M

YoY+0.9%

QoQ0.0%

5Y CAGR+1.4%

10Y CAGR+0.8%

Natural Resource Partners L.P. had 13M shares outstanding in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity

3.9%

YoY-2.1pp

QoQ+0.8pp

Natural Resource Partners L.P.'s ROE was 3.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

NRP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NRP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	N/A	$232.4M-16.6%	$278.7M-9.2%	$307.0M+42.1%	$216.1M+54.7%	$139.7M-45.7%	$257.4M+2.5%	$251.1M+3.4%	$242.8M-3.0%	$250.2M-42.2%	$432.7M+23.8%	$349.5M-2.4%	$358.1M-5.5%	$379.1M+0.4%	$377.7M
Cost of Revenue	N/A	$23.9M-14.9%	$28.0M-13.2%	$32.3M-7.4%	$34.9M+29.0%	$27.0M+9.1%	$24.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	$204.3M-17.1%	$246.4M-9.4%	$272.1M+43.9%	$189.1M+64.5%	$114.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$24.1M-4.2%	$25.2M-3.7%	$26.1M+19.5%	$21.9M+25.9%	$17.4M+21.5%	$14.3M-14.6%	$16.7M+1.4%	$16.5M-10.8%	$18.5M+9.0%	$17.0M+141.3%	$7.0M-3.4%	$7.3M-36.4%	$11.5M-61.5%	$29.7M+0.5%	$29.6M
Operating Income	N/A	$144.4M-27.5%	$199.2M-31.9%	$292.5M-4.2%	$305.2M+106.5%	$147.8M+437.0%	-$43.9M-185.4%	$51.3M-73.3%	$192.5M+9.1%	$176.6M-2.5%	$181.2M+206.3%	-$170.4M-196.8%	$176.1M-25.4%	$236.2M-11.6%	$267.2M+156.6%	$104.1M
EBITDA	N/A	$159.3M-25.8%	$214.7M-31.0%	$311.0M-5.1%	$327.8M+96.4%	$166.9M+581.5%	-$34.7M-152.3%	$66.3M-69.1%	$214.2M+7.1%	$200.0M-4.7%	$209.7M+285.4%	-$113.1M-148.2%	$234.7M-21.9%	$300.6M-7.6%	$325.4M+92.2%	$169.3M
Interest Expense	N/A	$8.0M-48.7%	$15.6M+10.3%	$14.1M-46.3%	$26.3M-32.4%	$38.9M-5.1%	$41.0M-13.7%	$47.5M-32.4%	$70.2M-14.4%	$82.0M-8.9%	$90.0M+2.4%	$87.9M+11.1%	$79.1M+22.9%	$64.4M+19.3%	$54.0M+9.7%	$49.2M
Net Income	N/A	$136.4M-25.7%	$183.6M-34.0%	$278.4M+3.7%	$268.5M+146.5%	$108.9M+228.4%	-$84.8M-246.8%	-$24.5M-117.5%	$139.5M+57.4%	$88.7M-8.5%	$96.9M+116.9%	-$571.7M-625.3%	$108.8M-36.8%	$172.1M-19.3%	$213.4M+294.9%	$54.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	N/A	N/A	N/A	N/A	N/A	$51.3M-21.8%	$61.8M-15.3%	$50.4M-26.5%
Cost of Revenue	$5.7M+37.8%	$6.1M-9.8%	N/A	$7.7M+12.8%	$4.2M-29.2%	$6.8M+18.2%	$9.6M+8.8%	$6.8M-18.8%
Gross Profit	N/A	N/A	N/A	N/A	N/A	$44.5M-25.7%	$52.1M-18.6%	$43.6M-27.5%
SG&A Expenses	$5.0M-10.3%	$5.0M-26.3%	N/A	$5.7M-3.5%	$5.6M-5.6%	$6.8M+8.0%	$7.0M-22.3%	$5.9M+4.7%
Operating Income	$26.2M-28.3%	$20.6M-52.0%	N/A	$32.7M-23.6%	$36.6M-27.4%	$42.9M-28.1%	$46.3M-32.8%	$42.8M-36.8%
EBITDA	$37.4M-7.4%	$28.2M-39.9%	N/A	$36.6M-23.1%	$40.3M-24.9%	$46.9M-27.1%	$49.1M-34.4%	$47.5M-34.3%
Interest Expense	$1.1M-55.8%	$973K-63.5%	N/A	$1.8M-57.6%	$2.4M-45.3%	$2.7M-23.5%	$3.5M-10.1%	$4.2M+9.3%
Net Income	$25.2M-26.4%	$19.6M-51.3%	N/A	$30.9M-19.9%	$34.2M-25.7%	$40.3M-28.4%	$42.8M-34.2%	$38.6M-39.5%

Not reported in any period shown, so not listed: R&D Expenses, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NRP Balance Sheet

NRP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$748.4M-3.2%	$772.9M-3.1%	$797.9M-9.0%	$877.1M-8.0%	$953.8M+3.5%	$921.9M-15.1%	$1.1B-19.1%	$1.3B-3.4%	$1.4B-4.1%	$1.4B-13.3%	$1.7B-31.7%	$2.4B+22.7%	$2.0B+12.9%	$1.8B+5.9%	$1.7B
Current Assets	$60.9M-4.6%	$63.9M+15.5%	$55.3M-33.9%	$83.6M-48.6%	$162.8M+38.9%	$117.2M-11.3%	$132.1M-45.5%	$242.5M+165.4%	$91.4M-13.3%	$105.4M-13.0%	$121.1M-11.0%	$136.1M+0.4%	$135.6M-30.9%	$196.2M-23.6%	$256.8M
Cash & Equivalents	$30.1M-1.0%	$30.4M+153.9%	$12.0M-69.3%	$39.1M-71.2%	$135.5M+35.8%	$99.8M+1.6%	$98.3M-3.5%	$101.8M+277.5%	$27.0M-33.2%	$40.4M-2.0%	$41.2M-15.9%	$49.0M-46.9%	$92.3M-38.2%	$149.4M-30.5%	$214.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.6M+9.6%	$6.9M-12.0%	$7.8M+34.8%	$5.8M	N/A	N/A	N/A
Accounts Receivable	$28.7M-8.9%	$31.5M-23.4%	$41.1M-3.8%	$42.7M+74.0%	$24.5M+99.1%	$12.3M-60.1%	$30.9M-3.7%	$32.1M+33.3%	$24.1M-44.3%	$43.2M-1.0%	$43.6M-34.3%	$66.5M+97.0%	$33.7M-3.9%	$35.1M+13.6%	$30.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$52.0M	N/A	N/A	N/A
Total Liabilities	$115.8M-47.8%	$221.8M+1.0%	$219.6M-6.6%	$235.1M-54.3%	$513.9M-6.4%	$549.0M-6.2%	$585.3M-22.6%	$756.5M-20.7%	$953.9M-26.7%	$1.3B	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$33.0M+3.5%	$31.9M-36.1%	$49.8M-17.2%	$60.2M-6.5%	$64.4M+4.9%	$61.4M-2.1%	$62.7M-57.8%	$148.7M+23.4%	$120.5M-36.3%	$189.2M+38.7%	$136.4M-7.8%	$147.9M+19.9%	$123.4M+4.7%	$117.8M+98.0%	$59.5M
Non-Current Liabilities	$82.9M-56.4%	$189.9M+11.9%	$169.8M-2.9%	$174.9M-61.1%	$449.5M-7.8%	$487.6M-6.7%	$522.6M-14.0%	$607.8M-27.1%	$833.4M-25.0%	$1.1B	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$18.9M-85.2%	$127.9M+2.9%	$124.3M-3.8%	$129.2M-67.2%	$394.4M-8.8%	$432.4M-8.1%	$470.4M-15.6%	$557.6M-23.6%	$729.6M-26.3%	$990.2M-16.6%	$1.2B-13.7%	$1.4B+26.8%	$1.1B+20.9%	$897.0M+7.3%	$836.3M
Total Equity	$632.5M+14.8%	$551.1M-4.7%	$578.2M-9.9%	$642.0M+45.9%	$439.9M+18.0%	$372.9M-25.5%	$500.6M-14.4%	$585.1M+34.4%	$435.2M+193.8%	$148.1M	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$757.5M+1.2%	$771.7M+3.1%	$748.4M-3.2%	$753.6M-2.5%	$748.4M-5.2%	$748.4M-3.2%	$772.9M-3.1%	$772.9M-5.2%
Current Assets	$61.7M+1.6%	$59.7M-7.3%	$60.9M-4.6%	$61.9M-10.6%	$60.7M-8.1%	$64.4M+33.2%	$63.9M+15.5%	$69.3M+16.3%
Cash & Equivalents	$30.1M-0.7%	$31.5M+2.0%	$30.1M-1.0%	$31.0M+0.4%	$30.3M-6.2%	$30.9M+180.9%	$30.4M+153.9%	$30.9M+67.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$30.6M+5.5%	$26.8M-14.6%	$28.7M-8.9%	$30.4M-17.5%	$29.0M-5.1%	$31.4M-7.3%	$31.5M-23.4%	$36.9M-4.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$107.5M-37.3%	$139.1M-33.2%	$115.8M-47.8%	$142.3M-47.8%	$171.5M-36.5%	$208.1M-15.6%	$221.8M+1.0%	$272.7M+3.0%
Current Liabilities	$29.2M+5.5%	$28.6M+8.9%	$33.0M+3.5%	$28.9M-2.6%	$27.6M+1.9%	$26.3M-4.2%	$31.9M-36.1%	$29.7M-42.9%
Non-Current Liabilities	$78.3M-45.6%	$110.5M-39.2%	$82.9M-56.4%	$113.4M-53.3%	$143.9M-40.8%	$181.8M-17.1%	$189.9M+11.9%	$243.0M+14.3%
Long-Term Debt	$13.1M-85.0%	$46.1M-63.0%	$18.9M-85.2%	$55.1M-69.9%	$87.1M-55.6%	$124.6M-28.6%	$127.9M+2.9%	$183.1M+7.3%
Total Equity	$650.1M+12.7%	$632.5M+17.1%	$632.5M+14.8%	$611.3M+22.2%	$576.8M+11.1%	$540.2M+2.7%	$551.1M-4.7%	$500.2M-9.1%

Not reported in any period shown, so not listed: Inventory, Goodwill, Retained Earnings.

NRP Cash Flow Statement

NRP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$159.8M	$165.9M-33.3%	$248.5M-20.1%	$311.0M+16.5%	$266.8M+119.1%	$121.8M+36.4%	$89.3M-35.0%	$137.3M-27.3%	$188.9M+48.6%	$127.1M+17.8%	$108.0M-46.9%	$203.4M-3.5%	$210.8M-14.7%	$247.1M-9.0%	$271.4M-11.2%	$305.6M
Depreciation & Amortization	N/A	$15.0M-3.7%	$15.5M-16.0%	$18.5M-17.9%	$22.5M+18.1%	$19.1M+107.4%	$9.2M-38.4%	$14.9M-31.2%	$21.7M-7.4%	$23.4M-18.1%	$28.6M-50.1%	$57.3M-2.2%	$58.6M-9.0%	$64.4M+10.6%	$58.2M-10.6%	$65.1M
Stock-Based Compensation	N/A	$11.1M-1.7%	$11.3M+3.7%	$10.9M+89.0%	$5.8M+42.9%	$4.0M+13.1%	$3.6M+51.2%	$2.4M+64.6%	$1.4M+7866.7%	$18K-98.5%	$1.2M+135.8%	-$3.4M	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	$0	$0-100.0%	$10K-91.5%	$118K	$0	$0	N/A	$0	$0-100.0%	$28K-99.7%	$9.6M+291.5%	$2.5M	$0-100.0%	$681K+68.6%	$404K
Free Cash Flow	N/A	$165.9M-33.3%	$248.5M-20.1%	$311.0M+16.6%	$266.7M+119.0%	$121.8M+36.4%	$89.3M	N/A	$188.9M+48.6%	$127.1M+17.8%	$107.9M-44.3%	$193.8M-7.0%	$208.3M-15.7%	$247.1M-8.7%	$270.7M-11.3%	$305.2M
Investing Cash Flow	-$35.2M	$4.8M-36.5%	$7.5M+38.7%	$5.4M+101.5%	$2.7M+11.4%	$2.4M+43.6%	$1.7M-77.9%	$7.6M-96.0%	$190.6M+5280.4%	$3.5M-97.9%	$166.8M+651.1%	-$30.3M+94.2%	-$520.5M-71.9%	-$302.8M-42.3%	-$212.7M-84.8%	-$115.1M
Financing Cash Flow	-$124.8M	-$170.9M+28.0%	-$237.5M+30.8%	-$343.5M+6.1%	-$366.0M-313.6%	-$88.5M+1.1%	-$89.4M+64.6%	-$252.7M-24.3%	-$203.3M-44.0%	-$141.2M+50.7%	-$286.2M-66.9%	-$171.5M-164.1%	$267.3M+22010.7%	-$1.2M+99.0%	-$124.2M-74.7%	-$71.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$41.0M-10.2%	$33.0M-4.1%	$44.8M-32.4%	$41.1M-24.1%	$45.6M-19.5%	$34.4M-51.9%	$66.2M-14.9%	$54.1M-31.4%
Depreciation & Amortization	$11.1M+196.5%	$7.6M+90.9%	$3.3M+18.3%	$3.9M-18.2%	$3.8M+12.9%	$4.0M-14.3%	$2.8M-53.0%	$4.7M+3.0%
Stock-Based Compensation	$1.7M-37.0%	$1.2M-57.2%	N/A	$2.7M-10.0%	$2.7M-6.9%	$2.7M-8.3%	N/A	$3.0M+11.1%
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$66.2M-14.9%	$54.1M-31.4%
Investing Cash Flow	$819K-43.3%	-$38.4M-4159.3%	$743K+2.8%	$1.6M+142.4%	$1.4M-72.8%	$947K+16.6%	$723K-72.6%	$674K-54.4%
Financing Cash Flow	-$43.1M+9.3%	$6.8M+119.4%	-$46.4M+31.2%	-$42.1M+25.2%	-$47.6M-17.2%	-$34.9M+52.3%	-$67.4M+22.4%	-$56.3M+22.7%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

NRP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NRP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	87.9%-0.5pp	88.4%-0.2pp	88.6%+1.1pp	87.5%+5.2pp	82.3%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	85.7%	105.0%	99.4%+31.0pp	68.4%+99.8pp	-31.4%-51.3pp	19.9%-56.8pp	76.7%+4.0pp	72.7%+0.3pp	72.4%+111.8pp	-39.4%-89.8pp	50.4%-15.6pp	66.0%-4.5pp	70.5%+42.9pp	27.6%
Net Margin	N/A	79.0%-20.9pp	99.9%+12.4pp	87.5%+37.1pp	50.4%+111.1pp	-60.7%-51.2pp	-9.5%-65.1pp	55.6%+19.1pp	36.5%-2.2pp	38.7%	-132.1%	31.1%-16.9pp	48.0%-8.2pp	56.3%+42.0pp	14.3%
Return on Equity	21.6%-11.8pp	33.3%-14.8pp	48.1%+6.3pp	41.8%+17.1pp	24.8%+47.5pp	-22.8%-17.9pp	-4.9%-28.7pp	23.8%+3.5pp	20.4%-45.0pp	65.4%	N/A	N/A	N/A	N/A	N/A
Return on Assets	18.2%-5.5pp	23.8%-11.1pp	34.9%+4.3pp	30.6%+19.2pp	11.4%+20.6pp	-9.2%-7.0pp	-2.3%-12.7pp	10.4%+4.0pp	6.4%-0.3pp	6.7%+40.9pp	-34.2%-38.7pp	4.5%-4.2pp	8.6%-3.4pp	12.1%+8.8pp	3.2%
Current Ratio	1.85-0.2x	2.00+0.9x	1.11-0.3x	1.39-1.1x	2.53+0.6x	1.91-0.2x	2.11+0.5x	1.63+0.9x	0.76+0.2x	0.56-0.3x	0.890.0x	0.92-0.2x	1.10-0.6x	1.67-2.7x	4.32
Debt-to-Equity	0.03-0.2x	0.230.0x	0.210.0x	0.20-0.7x	0.90-0.3x	1.16+0.2x	0.940.0x	0.95-0.7x	1.68-5.0x	6.68	N/A	N/A	N/A	N/A	N/A
Asset Turnover	N/A	0.300.0x	0.350.0x	0.35+0.1x	0.23+0.1x	0.15-0.1x	0.24+0.1x	0.190.0x	0.170.0x	0.17-0.1x	0.26+0.1x	0.140.0x	0.180.0x	0.210.0x	0.23
FCF Margin	N/A	106.9%	111.6%	86.9%+30.5pp	56.4%-7.5pp	63.9%	N/A	75.3%+22.9pp	52.4%+9.2pp	43.1%-1.7pp	44.8%-14.8pp	59.6%-9.4pp	69.0%-2.4pp	71.4%-9.4pp	80.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	N/A	N/A	N/A	N/A	N/A	86.8%-4.5pp	84.4%-3.4pp	86.5%-1.3pp
Operating Margin	N/A	N/A	N/A	N/A	N/A	83.7%-7.3pp	74.9%-19.6pp	84.9%-13.9pp
Net Margin	N/A	N/A	N/A	N/A	N/A	78.5%-7.2pp	69.2%-19.9pp	76.6%-16.6pp
Return on Equity	3.9%-2.1pp	3.1%-4.3pp	N/A	5.1%-2.7pp	5.9%-2.9pp	7.4%-3.2pp	7.8%-3.5pp	7.7%-3.9pp
Return on Assets	3.3%-1.2pp	2.5%-2.8pp	N/A	4.1%-0.9pp	4.6%-1.3pp	5.4%-1.9pp	5.5%-2.6pp	5.0%-2.8pp
Current Ratio	2.12-0.1x	2.09-0.4x	1.85-0.2x	2.14-0.2x	2.20-0.2x	2.45+0.7x	2.00+0.9x	2.33+1.2x
Debt-to-Equity	0.02-0.1x	0.07-0.2x	0.03-0.2x	0.09-0.3x	0.15-0.2x	0.23-0.1x	0.230.0x	0.37+0.1x
Asset Turnover	N/A	N/A	N/A	N/A	N/A	0.070.0x	0.080.0x	0.070.0x
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	107.2%	107.4%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Natural Resource Partners L.P. NRP	FY2025	N/A	$136.4M	N/A	$1.5B	—
Hallador Energy Company HNRG	FY2025	$469.5M	$41.9M	8.9%	$698.2M	40/100
NACCO Industries, Inc. NC	FY2025	$277.2M	$17.6M	6.3%	$274.8M	44/100
Alliance Resource Partners LP ARLP	FY2025	$2.2B	$311.2M	14.2%	$3.2B	65/100
Peabody Energy Corporation BTU	FY2025	$3.9B	-$42.5M	-1.1%	$3.1B	50/100
Core Natural Resources, Inc. CNR	FY2025	$4.2B	-$153.2M	-3.7%	$4.5B	68/100

Where Natural Resource Partners L.P. Ranks

Frequently Asked Questions

Is Natural Resource Partners L.P. profitable?

Yes, Natural Resource Partners L.P. (NRP) reported a net income of $136.4M in fiscal year 2025.

What is Natural Resource Partners L.P.'s EBITDA?

Natural Resource Partners L.P. (NRP) had EBITDA of $159.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Natural Resource Partners L.P. have?

As of fiscal year 2025, Natural Resource Partners L.P. (NRP) had $30.1M in cash and equivalents against $18.9M in long-term debt.

What is Natural Resource Partners L.P.'s return on equity (ROE)?

Natural Resource Partners L.P. (NRP) has a return on equity of 21.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Natural Resource Partners L.P.'s free cash flow?

Natural Resource Partners L.P. (NRP) generated $165.9M in free cash flow during fiscal year 2025. This represents a -33.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Natural Resource Partners L.P.'s operating cash flow?

Natural Resource Partners L.P. (NRP) generated $165.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Natural Resource Partners L.P.'s total assets?

Natural Resource Partners L.P. (NRP) had $748.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Natural Resource Partners L.P.'s capital expenditures?

Natural Resource Partners L.P. (NRP) reported no capital expenditure during fiscal year 2025.

How many shares does Natural Resource Partners L.P. have outstanding?

Natural Resource Partners L.P. (NRP) had 13M shares outstanding as of fiscal year 2025.

What is Natural Resource Partners L.P.'s current ratio?

Natural Resource Partners L.P. (NRP) had a current ratio of 1.85 as of fiscal year 2025, which is generally considered healthy.

What is Natural Resource Partners L.P.'s debt-to-equity ratio?

Natural Resource Partners L.P. (NRP) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Natural Resource Partners L.P.'s return on assets (ROA)?

Natural Resource Partners L.P. (NRP) had a return on assets of 18.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Natural Resource Partners L.P.'s P/E ratio?

Natural Resource Partners L.P. (NRP) trades at 10.7x earnings, its market capitalization divided by net income of $136.4M net income, FY2025. The market capitalization is $1.5B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Natural Resource Partners L.P.'s price-to-sales ratio?

Natural Resource Partners L.P. (NRP) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $1.5B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Natural Resource Partners L.P.'s Piotroski F-Score?

Natural Resource Partners L.P. (NRP) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Natural Resource Partners L.P.'s earnings high quality?

Natural Resource Partners L.P. (NRP) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Natural Resource Partners L.P. cover its interest payments?

Natural Resource Partners L.P. (NRP) has an interest coverage ratio of 18.08x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.