NRP's royalty-based business model delivers exceptional cash conversion and margin resilience, with gross margins averaging 88% and FCF margins of 153.7% in 2026Q2, despite an eight-quarter revenue slide.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $1.95+9850.0% vs -$0.02 | $45M+31.8% vs $34M |
Q3 2026 Aug 5, 2026 | $1.85+516.7% vs $0.30 | $48M+27.6% vs $38M |
Q2 2026 May 6, 2026 | $1.44+476.0% vs $0.25 | $47M+24.8% vs $38M |
Q1 2026 Feb 27, 2026 | $2.27+41.9% vs $1.60 | $48M-11.8% vs $55M |
Natural Resource Partners' Q3 earnings decline y/y amid soda ash weakness, but strong cash flow, lower debt and a higher distribution aid financial flexibility.
Natural Resource Partners L.P. Common Units (NRP) Q3 2026 Earnings Call Transcript
HOUSTON, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Natural Resource Partners L.P. (NYSE:NRP) today reported third quarter 2026 results as follows: For the Three Months Ended Last Twelve Months Ended (In thousands) (Unaudited) September 30, 2026 Operating cash flow $ 43,992 $ 162,721 Add: return of long-term contract receivable 787 3,061 Less: investment in soda ash business — (39,200 ) Free cash flow (1) $ 44,779 $ 126,582 Less: cash for debt repayments (13,084 ) (54,242 ) Add: other changes in cash 5 (8,595 ) Free cash flow available for common unitholder and GP distributions (1) $ 31,700 $ 63,745 Free cash flow available for common unitholder and GP distributions per unit (1) $ 2.34 $ 4.71 ____________________________________ (1) See "Non-GAAP Financial Measures" and reconciliation tables at the end of this release.
Natural Resource Partners' 16.9% yearly gain reflects resilient royalty cash flows, but weak coal demand, soda ash oversupply and premium valuation raise questions about buying now.
Benchmark NRP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Natural Resource Partners L.P. (NRP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $117.71 | $1.56B | 15.66 | -17.42% | 53.2% | 15.52% | 3.61% | |
| $24.39 | $3.14B | 10.09 | -10.37% | 14.09% | 16.69% | 10.77% | |
| $84.15 | $4.44B | 19.18 | -14.12% | 12.47% | 10.34% | 0.4% | |
| $147.93 | $1.88B | -37.64 | -27.99% | -2.37% | -3.29% | 0.02% | |
| $178.96 | $50.34B | 23.08 | 36.31% | 11.67% | 4.97% | 2.23% | |
| $13.98 | $2.97B | 12.18 | -3.89% | 48.31% | 22.18% | 9.65% |
Natural Resource Partners L.P. (NRP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Natural Resource Partners L.P. (NRP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
May 6, 2026·SEC
Feb 27, 2026·SEC
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Natural Resource Partners L.P. (NRP) stock FAQ — growth, dividends, profitability & financials explained
Natural Resource Partners L.P. (NRP) reported $188.5M in revenue over the trailing twelve months. Revenue was $202.3M in fiscal year 2025. That is 679% more than the $26.0M of fiscal year 2001.
Natural Resource Partners L.P. (NRP) revenue fell by 13.2% over the trailing twelve months, compared with the twelve months before.
Yes. Natural Resource Partners L.P. (NRP) earned $100.3M in net income over the trailing twelve months (a 53.2% net margin).
Yes. Natural Resource Partners L.P. (NRP) pays a dividend that yields 3.61% at the current price, a moderate yield.
Natural Resource Partners L.P. (NRP) had a return on equity (ROE) of 15.5% over the trailing twelve months. That is above the market's typical 10-15%.
Natural Resource Partners L.P. (NRP) generated $162.7M in free cash flow over the trailing twelve months.
