Natural Resource Partners (NYSE:NRP) Posts Earnings Results

Natural Resource Partners (NYSE:NRP) posted its quarterly earnings results on Friday. The energy company reported $2.27 earnings per share for the quarter, Zacks reports. The company had revenue of $46.71 million during the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.

Here are the key takeaways from Natural Resource Partners’ conference call:

• NRP generated $169 million of free cash flow in 2025, repaid $109 million of debt and finished the year with only $33 million outstanding, leaving the partnership materially de‑levered.
• Management said metallurgical coal, thermal coal, and soda ash prices are at cyclical or generational lows with no near‑term catalysts, and expects prolonged weakness (soda ash rebalancing could take several years).
• NRP elected to contribute $39 million to the Sisecam Wyoming soda ash JV, has received no JV distributions since Q2 2025, and the JV still carries $50+ million of debt, so near‑term distributions from that investment are unlikely.
• The partnership remains committed to retiring all remaining debt and materially increasing distributions, but the planned distribution uplift was pushed from August to November and could slip further if commodity bear markets continue.
• Leasing interest for underground carbon sequestration is weak and NRP’s geothermal/solar/lithium efforts have produced only small‑scale progress to date, with no material projects to report.

Natural Resource Partners Stock Down 2.1%

Shares of Natural Resource Partners stock opened at $120.95 on Friday. Natural Resource Partners has a 12-month low of $86.83 and a 12-month high of $128.60. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $115.32 and a two-hundred day moving average price of $107.93. The stock has a market capitalization of $1.57 billion, a P/E ratio of 12.05 and a beta of 0.22.

Natural Resource Partners Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 10th. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NRP. Corient Private Wealth LLC boosted its holdings in Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after acquiring an additional 616,478 shares during the period. Morgan Stanley boosted its stake in Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock valued at $105,051,000 after purchasing an additional 125,530 shares during the period. Nitor Capital Management LLC acquired a new stake in Natural Resource Partners in the 4th quarter valued at approximately $6,703,000. Goldman Sachs Group Inc. increased its position in Natural Resource Partners by 9.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock worth $78,111,000 after buying an additional 63,350 shares during the period. Finally, Annandale Capital LLC bought a new position in Natural Resource Partners in the 3rd quarter worth approximately $2,740,000. Institutional investors own 31.77% of the company’s stock.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.