NRP
Natural Resource Partners L.P.102.15
-0.72-0.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.34BP/E (TTM)
9.36Basic EPS (TTM)
10.91Dividend Yield
0.03%Recent Filings
8-K
Q3 earnings amid weak markets
Natural Resource Partners L.P. reported Q3 2025 net income of $30.9 million, down from $38.6 million last year, amid weak coal and soda ash markets. Free cash flow hit $41.8 million, supporting a $0.75 per unit distribution payable November 25. NRP repaid $32 million in debt, boosting liquidity to $190.1 million and slashing leverage to 0.4x. Weak commodity prices persist.
10-Q
Q3 FY2025 results
Natural Resource Partners delivered solid Q3 results despite softer commodity winds, with total revenues dipping 17% year-over-year to $49.9M amid lower metallurgical coal prices and a swing to a $2.4M loss from its Sisecam Wyoming stake, yet operating income held at $32.7M, down 24% y/y (derived), buoyed by reduced interest costs. Mineral rights royalties fell 2% y/y to $49.6M, reflecting 14% lower average pricing per ton at $4.51 while volumes edged up 5% to 7.5M tons; soda ash equity earnings flipped negative from $8.1M y/y. Diluted EPS came in at $2.28 on 13,295K shares, aligning neatly with net income attribution. Cash swelled to $31.0M with $159.1M revolver availability under the extended Opco facility, total debt slashed to $69.4M at 0.4x leverage, and free cash flow of $41.8M (derived) supporting steady $0.75/unit payouts. No major M&A or impairments hit the books. Weak global steel demand lingers as a key risk, pressuring coal realizations further.
10-Q
Q2 FY2025 results
Natural Resource Partners delivered steady Q2 FY2025 results, with total revenues of $50.1 million down 24% year-over-year yet holding firm amid softer coal markets, while operating income fell 27% to $36.6 million and diluted EPS dipped to $2.52 from $2.29 (derived from weighted average shares of 13,291 thousand). Mineral Rights drove the bulk, as coal royalties slid 21% y/y on lower metallurgical prices and volumes, offset by steady minimum lease revenues; Soda Ash equity earnings dropped 31% y/y to $2.5 million due to pricing pressures. Free cash flow reached $46.3 million for the quarter (derived from $45.6 million operating cash flow minus negligible capex), bolstering liquidity at $157.5 million with debt down to $101.5 million and a pristine 0.5x leverage ratio. Distributions stayed robust at $0.75 per common unit. Volatility in commodity prices remains a key watchpoint.
8-K
NRP Q2 earnings drop on coal weakness
Natural Resource Partners L.P. reported Q2 2025 net income of $34.2 million, down from $46.1 million last year, amid weak metallurgical and thermal coal prices that slashed mineral rights cash flow by $10.7 million. Yet free cash flow hit $46.3 million, supporting a $0.75 per unit distribution payable August 26. Debt now stands at $102 million, with leverage at 0.5x. Weak commodity markets persist.
8-K
Q1 earnings drop on coal weakness
Natural Resource Partners L.P. reported Q1 2025 net income of $40.3 million, down from $56.2 million last year, as lower metallurgical coal prices and volumes slashed Mineral Rights earnings by $15.4 million. Free cash flow hit $35.1 million, backed by a lean 0.7x leverage ratio and $139 million debt. NRP declared a $0.75 per unit distribution, payable May 27. Weak coal and soda ash markets persist.
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