Natural Resource Partners (NYSE:NRP) Releases Quarterly Earnings Results

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

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 Price Performance

Shares of Natural Resource Partners stock opened at $120.95 on Friday. Natural Resource Partners has a 52-week low of $86.83 and a 52-week high of $128.60. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.08 and a beta of 0.22. The company has a fifty day moving average of $115.32 and a 200-day moving average of $107.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 10th. Natural Resource Partners’s payout ratio is presently 27.47%.

Institutional Trading of Natural Resource Partners

Several institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its holdings in shares of Natural Resource Partners by 14.3% in the fourth quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock worth $105,051,000 after buying an additional 125,530 shares during the period. Goldman Sachs Group Inc. grew its position in Natural Resource Partners by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock worth $78,111,000 after acquiring an additional 63,350 shares during the last quarter. Corient Private Wealth LLC grew its position in Natural Resource Partners by 12,329.6% during the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after acquiring an additional 616,478 shares during the last quarter. Progeny 3 Inc. increased its stake in Natural Resource Partners by 3.3% in the 3rd quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after purchasing an additional 9,973 shares during the period. Finally, UBS Group AG lifted its position in Natural Resource Partners by 5.9% in the third quarter. UBS Group AG now owns 214,771 shares of the energy company’s stock valued at $22,551,000 after purchasing an additional 12,055 shares during the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

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.