Goldman Sachs reports 4.7% stake in NRP

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed Amendment No. 7 to a Schedule 13G/A reporting shared voting and dispositive power over 616,804.59 Common Units representing limited partner interests in Natural Resource Partners LP.

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed Amendment No. 7 to a Schedule 13G/A reporting shared voting and dispositive power over 616,804.59 Common Units representing limited partner interests in Natural Resource Partners LP. The filing lists this holding as 4.7% of the class and includes a Joint Filing Agreement and exhibits identifying Goldman Sachs & Co. LLC as a subsidiary reporting unit. The signatures are dated 04/03/2026.

Insights

Institutional Ownership Analyst

Goldman Sachs reports a non‑controlling ~4.7% stake held with shared voting and disposal rights.

The filing shows 616,804.59 Common Units with shared voting and dispositive power, filed as Amendment No. 7 to a Schedule 13G/A. The report attributes the position to Goldman Sachs Reporting Units and includes a Joint Filing Agreement.

Disclosure indicates broker/dealer and parent/subsidiary relationships; cash‑flow treatment and intent (investment or trading) are not specified in the excerpt.

Key Figures

Reported units with shared power: 616,804.59 shares Percent of class: 4.7% Filing amendment date: 04/03/2026

3 metrics

Reported units with shared power 616,804.59 shares Common Units representing limited partner interests

Percent of class 4.7% Percent of Common Units class reported on Schedule 13G/A

Filing amendment date 04/03/2026 Signature date on Amendment No. 7

Key Terms

Joint Filing Agreement, Shared Dispositive Power, Parent holding company

3 terms

Joint Filing Agreement regulatory

"EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)"

Shared Dispositive Power regulatory

"Shared Dispositive Power 616,804.59"

Parent holding company regulatory

"The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in NRP does Goldman Sachs report?

Goldman Sachs reports shared voting and dispositive power over 616,804.59 Common Units, representing 4.7% of the class. The position is disclosed in Amendment No. 7 to a Schedule 13G/A, with exhibits identifying the reporting units and a joint filing agreement.

Who filed the Schedule 13G/A amendment for NRP?

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly filed the amendment. The filing includes signatures by Abhilasha Bareja as attorney‑in‑fact and exhibits naming Goldman Sachs & Co. LLC as the subsidiary reporting unit.

Does the filing state whether Goldman Sachs will sell or buy NRP units?

The amendment reports beneficial ownership and voting/dispositive powers; it does not state intentions to buy or sell. The excerpt lists shared voting and dispositive power of 616,804.59 units and the 4.7% percent figure without indicating transaction plans.

What exhibits accompany the Schedule 13G/A amendment?

The filing attaches a Joint Filing Agreement (Exhibit 99.1), an Item 7 identification exhibit describing the parent/subsidiary reporting relationship (Exhibit 99.2), and an Item 4 disclosure explaining the Goldman Sachs Reporting Units (Exhibit 99.3).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 11:01 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

NATURAL RESOURCE PARTNERS LP

(Name of Issuer)

Common Units representing limited partner interests

(Title of Class of Securities)

63900P608

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 63900P608

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 616,804.59
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 616,804.59

9

Aggregate Amount Beneficially Owned by Each Reporting Person

616,804.59

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 63900P608

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 616,804.59
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 616,804.59

9

Aggregate Amount Beneficially Owned by Each Reporting Person

616,804.59

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NATURAL RESOURCE PARTNERS LP
(b)	Address of issuer's principal executive offices: 1415 Louisiana Street, STE 3325, Houston, X1, 77002
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Units representing limited partner interests
(e)	CUSIP No.: 63900P608
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	04/03/2026

GOLDMAN SACHS & CO. LLC

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	04/03/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Units representing limited partner interests, of NATURAL RESOURCE PARTNERS LP and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 04/03/2026 THE GOLDMAN SACHS GROUP, INC. By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group. EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.