Natural Resource Partners L.P. (NRP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NRP Revenue Growth
Revenue Breakdown (FY 2025)
NRP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NRP Revenue Analysis (2014–2025)
As of May 7, 2026, Natural Resource Partners L.P. (NRP) generated trailing twelve-month (TTM) revenue of $184.5 million, reflecting significant decline in growth of -29.3% year-over-year. The most recent quarter (Q1 2026) recorded $39.4 million in revenue, down 18.7% sequentially.
Looking at the longer-term picture, NRP's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $438.9 million in 2015.
Revenue diversification analysis shows NRP's business is primarily driven by Soda Ash Segment (100%). With over half of revenue concentrated in Soda Ash Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including ARLP (-7.1% YoY), HCC (+11.3% YoY), and AMR (+71908.0% YoY), NRP has underperformed the peer group in terms of revenue growth. Compare NRP vs ARLP →
NRP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NRPCurrent | $185M | -29.3% | +9.4% | 68.9% | |
 ARLP | $2.2B | -7.1% | +10.6% | 17.6% | |
 HCC | $1.3B | +11.3% | +10.8% | 3.5% | |
 AMR | $3.0B | +71908.0% | +8.1% | 7.7% | |
 FANG | $15.0B | +18.3% | +39.8% | 32.7% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% |
NRP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $202.3M | -17.4% | $164.3M | 81.2% | $139.4M | 68.9% |
| 2024 | $245.0M | -16.6% | $245.0M | 100.0% | $199.2M | 81.3% |
| 2023 | $293.7M | -10.5% | $261.3M | 89.0% | $292.5M | 99.6% |
| 2022 | $328.1M | +68.9% | $305.6M | 93.1% | $305.2M | 93.0% |
| 2021 | $194.2M | +50.6% | $175.2M | 90.2% | $147.8M | 76.1% |
| 2020 | $129.0M | -38.7% | $119.8M | 92.9% | $-43,851,000 | -34.0% |
| 2019 | $210.3M | +3.7% | $195.4M | 92.9% | $51.3M | 24.4% |
| 2018 | $202.8M | -39.2% | $181.1M | 89.3% | $192.5M | 95.0% |
| 2017 | $333.7M | +0.8% | $297.7M | 89.2% | $184.0M | 55.1% |
| 2016 | $330.9M | -24.6% | $284.6M | 86.0% | $185.7M | 56.1% |
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Start ComparisonNRP — Frequently Asked Questions
Quick answers to the most common questions about buying NRP stock.
Is NRP's revenue growth accelerating or slowing?
NRP revenue declined -29.3% year-over-year, contrasting with the 5-year CAGR of +9.4%. TTM revenue fell to $185M. This reverses the prior growth trend.
What is NRP's long-term revenue growth rate?
Natural Resource Partners L.P.'s 5-year revenue CAGR of +9.4% reflects the variable expansion pattern. Current YoY growth of -29.3% is below this long-term average.
How is NRP's revenue distributed by segment?
NRP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.