NATURAL RESOURCE PARTNERS LP NRP
We are a publicly traded Delaware limited partnership formed in 2002. We own, manage and lease a diversified portfolio of mineral properties in the United States, including interests in coal and other natural resources and own a non-controlling 49% interest in Sisecam Wyoming LLC ("Sisecam Wyoming"), a trona ore mining and soda ash production business.
Mineral Rights—consists of approximately 13 million acres of mineral interests and other subsurface rights across the United States. If combined in a single tract, our ownership would cover roughly 20,000 square miles. Our assets provide critical inputs for the manufacturing of steel, electricity and building materials as well as opportunities for carbon sequestration and renewable energy.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $232.4M | $278.7M | $307.0M | $185.2M | $120.2M | $210.3M | $202.8M | $242.8M | $250.2M |
| SG&A | $24.1M | $25.2M | $26.1M | $21.9M | $17.4M | $14.3M | $16.7M | $16.5M | $18.5M | $17.0M |
| Total operating expenses | $62.9M | $68.8M | $77.5M | $83.7M | $68.6M | $184.2M | $212.6M | $86.0M | $69.8M | $98.1M |
| Operating income | $144.4M | $199.2M | $292.5M | $305.2M | $147.8M | -$43.9M | $51.3M | $192.5M | $176.6M | $181.2M |
| Interest expense | $8.0M | $15.6M | $14.1M | $26.3M | $38.9M | $41.0M | $47.5M | $70.2M | $82.0M | $90.0M |
| Net income | $136.4M | $183.6M | $278.4M | $268.5M | $108.9M | -$84.8M | -$24.5M | $139.5M | $88.7M | $96.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $30.1M | $30.4M | $12.0M | $39.1M | $135.5M | $99.8M | $98.3M | $206.0M | $27.0M | $39.2M |
| Receivables | $28.7M | $31.5M | $41.1M | $42.7M | $24.5M | $12.3M | $30.9M | $32.1M | $47.0M | $43.2M |
| Inventory | — | — | — | — | — | — | — | — | $7.6M | $6.9M |
| Total current assets | $60.9M | $63.9M | $55.3M | $83.6M | $162.8M | $117.2M | $132.1M | $242.5M | $91.4M | $105.4M |
| Property, plant and equipment | — | — | — | — | — | — | — | — | $46.2M | $49.4M |
| Other intangibles | $11.9M | $12.9M | $13.7M | $14.7M | $16.1M | $17.5M | $17.7M | $42.5M | $49.6M | $3.2M |
| Total assets | $748.4M | $772.9M | $797.9M | $877.1M | $953.8M | $921.9M | $1.09B | $1.34B | $1.39B | $1.45B |
| Accounts payable | $1.2M | $909.0K | $885.0K | $2.0M | $2.0M | $1.4M | $1.2M | $2.4M | $7.0M | $6.2M |
| Short-term debt | $14.2M | $14.2M | $30.8M | $39.1M | $39.1M | $39.1M | $45.8M | $115.2M | $79.7M | $140.0M |
| Total current liabilities | $33.0M | $31.9M | $49.8M | $60.2M | $64.4M | $61.4M | $62.7M | $148.7M | $120.5M | $189.2M |
| Long-term debt | $18.9M | $127.9M | $124.3M | $129.2M | $394.4M | $432.4M | $470.4M | $557.6M | $729.6M | $990.2M |
| Total liabilities | $115.8M | $221.8M | $219.6M | $235.1M | $513.9M | $549.0M | $585.3M | $756.5M | $953.9M | $1.30B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $165.9M | $248.5M | $311.0M | $266.8M | $121.8M | $89.3M | $137.3M | $188.9M | $127.1M | $108.0M |
| Depreciation and amortisation | $15.0M | $15.5M | $18.5M | $22.5M | $19.1M | $9.2M | $14.9M | $21.7M | $23.4M | $28.6M |
| Stock-based compensation | $11.1M | $11.3M | $10.9M | $5.8M | $4.0M | $3.6M | $2.4M | $1.4M | $18.0K | $1.2M |
| Capital expenditure | $0 | $0 | $10.0K | $118.0K | $0 | $0 | — | $0 | $0 | $28.0K |
| Investing cash flow | $4.8M | $7.5M | $5.4M | $2.7M | $2.4M | $1.7M | $7.6M | $190.6M | $3.5M | $166.8M |
| Financing cash flow | -$170.9M | -$237.5M | -$343.5M | -$366.0M | -$88.5M | -$89.4M | -$252.7M | -$203.3M | -$141.2M | -$286.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-006147.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250.2M | $242.8M | $202.8M | $210.3M | $120.2M | $185.2M | $307.0M | $278.7M | $232.4M | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $96.9M | $88.7M | $139.5M | -$24.5M | -$84.8M | $108.9M | $268.5M | $278.4M | $183.6M | $136.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Annual report filed Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 1221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ARLP | ALLIANCE RESOURCE PARTNERS LP | $3.36B | — | -10.4% |
| BTU | PEABODY ENERGY CORP | $2.79B | — | -8.9% |
| AMR | Alpha Metallurgical Resources, Inc. | $2.07B | — | -28.0% |
| NC | NACCO INDUSTRIES INC | $260.3M | 14.7x | 16.6% |