Natural Resource Partners LP Limited Partnership

Description

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana. The company leases a portion of its reserves in exchange for royalty payments; and owns and leases transportation and processing infrastructure related to coal properties. NRP (GP) LP serves as the general partner of the company. Natural Resource Partners L.P. was incorporated in 2002 and is headquartered in Houston, Texas.

About

CEO
Mr. Corbin J. Robertson Jr.
Employees
0
Instrument type
Limited Partnership
Sector
Energy
Industry
Thermal Coal
MIC code
XNYS
Address
1415 Louisiana Street, Houston, TX 77002, United States
Phone
713 751 7507
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 3, 2025
Aug 5, 2025
May 5, 2025
Mar 5, 2025
May 4, 2023 3.44

Earnings estimate

Number of analysts
Average estimate
Low estimate
High estimate
Last year EPS
[stock_revenue_estimate]

Growth estimates

Current qtr
Next qtr.
Current year
Next year
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Aug 11, 2020
Benchmark
Mark Levin
Maintains Buy ▼ Lowers $15 → $13
Mar 6, 2020
Benchmark
Initiates Buy
Nov 29, 2018
Citigroup
Maintains Neutral ▲ Raises $33 → $38
Aug 10, 2016
UBS
Maintains Sell ▲ Raises $7 → $14
Aug 8, 2016
Citigroup
Maintains Neutral ▲ Raises $24 → $27
Sep 17, 2015
UBS
Downgrade Sell
Feb 17, 2015
BB&T Capital
Downgrade Hold
Feb 13, 2015
Wells Fargo
Downgrade Market Perform
Oct 10, 2014
Wells Fargo
Upgrade Outperform
Feb 13, 2014
Hilliard Lyons
Upgrade Neutral
Feb 20, 2013
Stifel
Maintains Buy ▼ Lowers $26 → $25
Feb 20, 2013
Stifel Nicolaus
Maintains Buy
Nov 12, 2012
Stifel
Maintains Buy ▼ Lowers $29 → $26
Nov 12, 2012
Stifel Nicolaus
Maintains Buy
Oct 3, 2012
Global Hunter Securities
Initiates Accumulate
Aug 30, 2012
Dahlman Rose
Initiates Hold
May 10, 2012
Stifel
Maintains Buy ▼ Lowers $34 → $31

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 293.66M 328.09M 194.25M 129.01M 210.35M
Cost of revenue 18.49M 22.52M 19.08M 9.20M 14.93M
Gross profit 275.17M 305.57M 175.17M 119.81M 195.42M
Operating expense
Research & development
Selling general and admin 26.11M 21.85M 17.36M 14.29M 16.73M
Other operating expenses
Operating income 216.74M 248.81M 130.76M 80.73M 145.95M
Non operating interest income
Income
Expense 14.10M 26.27M 38.88M 40.97M 47.45M
Other income expense 75.80M 45.96M 17.01M -124.58M -123.91M
Pretax income 278.44M 268.49M 108.90M -84.82M -25.41M
Tax provision
Net income 278.44M 268.49M 108.90M -84.82M -24.46M
Basic EPS 15.59 18.72 6.14 -9.20 -4.35
Diluted EPS 13.08 13.39 4.81 -9.20 -4.35
Basic average shares 12.62M 12.49M 12.34M 12.25M 12.27M
Diluted average shares 12.62M 12.49M 12.34M 12.25M 12.27M
EBITDA 308.63M 331.13M 171.71M 100.65M 207.97M
Net income from continuing op. 278.44M 268.49M 108.90M -84.82M -25.41M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 797.88M 877.13M 953.82M 921.88M 1.09B
Current assets
Cash
Cash equivalents
Cash and cash equivalents 11.99M 39.09M 135.52M 99.79M 98.27M
Other short term investments
Accounts receivable 41.09M 42.70M 24.54M 12.32M 30.87M
Other receivables
Inventory
Prepaid assets 1.24M
Restricted cash
Assets held for sale 1.71M
Hedging assets
Other current assets 2.22M 1.82M 2.72M 5.08M 1.24M
Non current assets
Properties
Land and improvements 24.01M 24.01M 24.01M 24.01M 24.01M
Machinery furniture equipment
Construction in progress
Leases
Accumulated depreciation -300.93M -283.66M -267.21M -359.80M -443.29M
Goodwill 13.68M 14.71M 16.13M 17.46M 17.69M
Investment properties
Financial assets
Intangible assets 13.68M 14.71M 16.13M 17.46M 17.69M
Investments and advances 276.55M 306.47M 276.00M 262.51M 263.08M
Other non current assets 33.86M 36.01M 37.20M 40.33M 43.95M
Total liabilities 219.64M 235.09M 513.89M 549.02M 585.29M
Current liabilities
Accounts payable 885,000 1.99M 1.96M 1.39M 1.18M
Accrued expenses 13.57M 12.91M 11.51M 9.45M 11.08M
Short term debt 30.79M 39.08M 39.10M 39.06M 45.78M
Deferred revenue 4.60M 6.26M 11.82M 11.49M 4.61M
Tax payable
Pensions
Other current liabilities 65,000
Non current liabilities
Long term debt 124.27M 129.21M 394.44M 432.44M 470.42M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 7.17M 5.47M 5.02M 5.13M 4.95M
Shareholders equity
Common stock
Retained earnings
Other shareholders equity -3.12M 18.72M 3.21M 322,000 -2.59M
Total shareholders equity 578.24M 642.04M 439.93M 372.86M 500.62M
Additional paid in capital
Treasury stock
Minority interest -2.94M

Cash flow statement

20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001
Operating Activities
Net Income278.44M268.49M108.90M-84.82M-25.41M122.36M82.49M90.63M-260.17M96.71M172.08M213.36M54.03M154.46M114.08M170.01M102.50M102.09M91.84M58.99M36.91M6.42M
Depreciation18.49M22.52M19.08M9.20M14.93M21.69M23.41M28.58M57.30M58.59M64.38M58.22M65.12M56.98M60.01M64.25M51.39M29.70M33.73M30.08M24.48M4.53M
Deferred Taxes
Stock-Based Compensation10.91M5.77M4.04M3.57M2.36M1.43M18,0001.22M
Other Non-Cash Items1.30M2.41M2.27M1.32M3.69M7.13M18.22M12.82M-4.40M-2.15M-8.72M605,0001.62M540,000115.54M278,000443,000349,000
Accounts Receivable-164,000-18.67M-14.42M12.85M-6.04M-6.06M3.92M1.23M10.85M2.66M5.54M-802,000-6.95M-2.63M581,000-4.59M-5.27M-1.43M-6.87M-4.09M-1.95M-9.04M
Accounts Payable-1.11M37,000570,000207,000-1.23M1.14M-184,000517,000-3.66M-8.47M1.07M1.91M854,000468,000-133,000-1.48M-464,000
Other Assets & Liabilities-4.18M-14.38M2.02M5.26M1.49M19.79M-16.44M-50.42M1.94M17.61M21.78M7.99M33.28M48.60M26.13M1.61M20.79M11.23M2.57M3.85M4.80M3.44M
Operating Cash Flow303.68M266.19M122.46M-52.41M-10.22M167.48M111.44M84.57M-198.14M164.94M256.12M281.28M147.95M258.42M316.21M230.07M169.39M141.93M121.27M88.83M64.24M5.34M
Investing Activities
Capital Expenditures-22,000-28,000-10.01M-6.07M-61.07M-681,000-404,000-5.99M-119.91M-10.57M-16.70M-257.71M-105.70M-77.73M-142.51M-57.45M
Net Intangibles-180.53M
Net Acquisitions-1.00M-168.98M-293.09M
Purchase of Investments-293.09M-59.01M
Sale of Investments3.63M
Investing Cash Flow5.43M2.81M2.41M1.75M8.22M5.51M4.16M65.06M6.99M-165.88M-595.85M-91.21M5.20M-4.41M-119.91M-4.33M-21.51M-257.71M-105.70M-77.73M-142.51M-57.45M2.69M
Financing Activities
Long-Term Debt Issuance248.83M70.00M300.00M35.00M180.69M20.00M100.00M518.38M567.02M148.00M385.00M140.00M331.00M285.40M
Long-Term Debt Payments-262.40M-339.40M-39.40M-46.18M-463.08M-175.71M-492.32M-183.14M-165.98M-318.98M-386.23M-30.80M-210.52M-106.23M-168.24M-17.23M-235.94M
Other Financing Charges-3.53M-12.60M-1.69M-26.44M-228,000-39.09M-13.41M-8.80M-4.54M-10.49M-3.35M-10.72M-9.38M-72.68M1.35M-92.43M-76.04M1.18M-49.95M531,000-15.43M
Financing Cash Flow-287.41M-365.96M-79.30M-89.43M-252.67M-202.53M-139.93M-199.02M-146.54M160.01M-1.22M-124.17M-71.07M-75.03M-98.05M-188.54M-96.22M-92.43M-76.04M41.02M-49.95M47.49M-15.43M
Other Cash Details
End Cash Position11.99M39.09M135.52M99.79M98.27M206.03M29.83M40.37M51.77M50.08M92.51M149.42M214.92M95.51M82.63M89.93M58.34M66.04M47.69M42.10M24.32M7.75M
Income Tax Paid
Interest Paid13.86M25.27M37.38M39.83M58.60M64.99M72.85M84.38M88.49M75.83M55.19M53.84M47.65M41.57M34.71M27.74M25.77M
Free Cash Flow310.97M266.72M121.80M89.27M137.29M188.92M127.14M107.93M193.42M203.27M175.07M90.19M184.89M86.32M90.76M213.89M93.33M-125.92M15.97M13.11M-78.01M-50.71M13.06M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Unified Series Trust-Ballast Small/Mid Cap ETF Sep 30, 2024 83,200 8.63M 0.64%
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Advisors Inner Circle Fund III-First Foundation Total Return Fd Sep 30, 2024 7,240 751,150 0.06%
Ivy Variable Insurance Port-Energy Port Sep 30, 2024 8,317 862,888 0.06%
Exchange Traded Concepts Tr-Range Global Coal Index ETF Nov 30, 2024 4,090 424,337 0.03%
Alps ETF Tr-Barron's 400 ETF Nov 30, 2024 3,950 409,812 0.03%
Listed Funds Tr-Roundhill Acquirers Deep Value ETF Nov 30, 2024 3,232 335,320 0.02%
ETFis Ser Tr I-Virtus Real Asset Income ETF Oct 31, 2024 1,830 189,862 0.01%
Natural Resource Partners L.P. Declares Fourth Quarter 2024 Distribution Article
Natural Resource Partners L.P. Declares Fourth Quarter 2024 Distribution
HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE: NRP) today announced that the board of directors of its general partner declared a fourth quarter 2024 distribution of $0.75 per common unit for NRP. The distribution will be paid on February 25, 2025 to unitholders of record on February 18, 2025. Future distributions on NRP's common units will be determined on a quarterly basis by the board of directors. The board of directors considers numerous factors each quarter in determining.
Business Wire Neutral
Feb 5, 2025
Investors Keep Underestimating Natural Resource Partners Article
Investors Keep Underestimating Natural Resource Partners
Natural Resource Partners' stock has outperformed major indices, with a 110% gain since my initial recommendation, driven by its de-risked business structure and strong cash flows. The company's profitability is rising, with NOPAT growing from $194 million to $212 million, and ROIC more than doubling to nearly 16%. Dividends are well supported by free cash flow, with $1.42 billion generated since 2019, allowing for substantial and safe dividend growth.
Seeking Alpha Positive
Jan 8, 2025
Natural Resource Partners Q3 Earnings & Revenues Decline Y/Y Article
Natural Resource Partners Q3 Earnings & Revenues Decline Y/Y
Lower income from coal royalties and soda ash equity earnings due to challenging market conditions hurt NRP's earnings in Q3.
Zacks Investment Research Negative
Nov 6, 2024
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