(NRP) Natural Resource Partners - Overview
Stock: Coal, Soda Ash, Trona, Aggregates, Oil, Gas
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.15% |
| Yield on Cost 5y | 33.68% |
| Yield CAGR 5y | 23.67% |
| Payout Consistency | 89.9% |
| Payout Ratio | 31.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.4% |
| Relative Tail Risk | -17.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | 8.28 |
| Character TTM | |
|---|---|
| Beta | 0.729 |
| Beta Downside | 1.040 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.68% |
| CAGR/Max DD | 1.57 |
Description: NRP Natural Resource Partners January 16, 2026
Natural Resource Partners L.P. (NYSE:NRP) is a Houston-based master limited partnership that owns, manages, and leases a diversified portfolio of U.S. mineral assets, split between a Mineral Rights segment (coal, trona, industrial minerals, aggregates, and oil & gas) and a Soda Ash segment.
Its coal holdings are concentrated in the Appalachia, Illinois, and Northern Powder River basins, while its soda-ash business relies on trona deposits in Wyoming. The firm generates cash by leasing portions of its reserves for royalty payments and by operating transportation and processing infrastructure that supports coal extraction.
Key financial metrics (2023): revenue of roughly $340 million, adjusted EBITDA of $85 million, and a net cash position of $120 million, with a dividend yield near 6.5 %-a level that attracts income-focused investors despite the sector’s volatility.
Sector drivers: (1) Coal demand is highly sensitive to U.S. energy policy and carbon-pricing trends, with the Energy Information Administration projecting a 15 % decline in domestic coal consumption through 2030. (2) Soda-ash demand is tied to glass-making and detergents, sectors that have shown modest growth (≈2 % YoY) and are less exposed to ESG pressures than coal.
For a deeper quantitative view, you might explore the ValueRay platform’s NRP dashboard.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 147.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA -8.07 > 1.0 |
| NWC/Revenue: 15.18% < 20% (prev 15.41%; Δ -0.23% < -1%) |
| CFO/TA 0.25 > 3% & CFO 187.3m > Net Income 147.5m |
| Net Debt (38.4m) to EBITDA (172.9m): 0.22 < 3 |
| Current Ratio: 2.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.3m) vs 12m ago -0.04% < -2% |
| Gross Margin: 92.41% > 18% (prev 0.93%; Δ 9149 % > 0.5%) |
| Asset Turnover: 28.15% > 50% (prev 32.49%; Δ -4.35% > 0%) |
| Interest Coverage Ratio: 15.31 > 6 (EBITDA TTM 172.9m / Interest Expense TTM 10.4m) |
Beneish M -3.23
| DSRI: 0.95 (Receivables 30.4m/37.9m, Revenue 217.2m/256.7m) |
| GMI: 1.00 (GM 92.41% / 92.70%) |
| AQI: 1.00 (AQ_t 0.40 / AQ_t-1 0.39) |
| SGI: 0.85 (Revenue 217.2m / 256.7m) |
| TATA: -0.05 (NI 147.5m - CFO 187.3m) / TA 753.6m) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
What is the price of NRP shares?
Over the past week, the price has changed by +3.31%, over one month by +12.31%, over three months by +14.06% and over the past year by +19.38%.
Is NRP a buy, sell or hold?
What are the forecasts/targets for the NRP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 96 | -19.2% |
| Analysts Target Price | 96 | -19.2% |
| ValueRay Target Price | 163 | 37.3% |
NRP Fundamental Data Overview February 03, 2026
P/E Forward = 6.169
P/S = 6.8183
P/B = 2.4711
Revenue TTM = 217.2m USD
EBIT TTM = 158.5m USD
EBITDA TTM = 172.9m USD
Long Term Debt = 55.1m USD (from longTermDebt, last quarter)
Short Term Debt = 14.2m USD (from shortTermDebt, last quarter)
Debt = 69.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 38.4m USD (from netDebt column, last quarter)
Enterprise Value = 1.40b USD (1.36b + Debt 69.4m - CCE 31.0m)
Interest Coverage Ratio = 15.31 (Ebit TTM 158.5m / Interest Expense TTM 10.4m)
EV/FCF = 7.47x (Enterprise Value 1.40b / FCF TTM 187.3m)
FCF Yield = 13.39% (FCF TTM 187.3m / Enterprise Value 1.40b)
FCF Margin = 86.24% (FCF TTM 187.3m / Revenue TTM 217.2m)
Net Margin = 67.92% (Net Income TTM 147.5m / Revenue TTM 217.2m)
Gross Margin = 92.41% ((Revenue TTM 217.2m - Cost of Revenue TTM 16.5m) / Revenue TTM)
Gross Margin QoQ = 84.67% (prev 100.0%)
Tobins Q-Ratio = 1.86 (Enterprise Value 1.40b / Total Assets 753.6m)
Interest Expense / Debt = 2.56% (Interest Expense 1.78m / Debt 69.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 125.2m (EBIT 158.5m * (1 - 21.00%))
Current Ratio = 2.14 (Total Current Assets 61.9m / Total Current Liabilities 28.9m)
Debt / Equity = 0.12 (Debt 69.4m / totalStockholderEquity, last quarter 600.3m)
Debt / EBITDA = 0.22 (Net Debt 38.4m / EBITDA 172.9m)
Debt / FCF = 0.20 (Net Debt 38.4m / FCF TTM 187.3m)
Total Stockholder Equity = 569.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 19.12% (Net Income 147.5m / Total Assets 753.6m)
RoE = 25.92% (Net Income TTM 147.5m / Total Stockholder Equity 569.0m)
RoCE = 25.39% (EBIT 158.5m / Capital Employed (Equity 569.0m + L.T.Debt 55.1m))
RoIC = 30.31% (NOPAT 125.2m / Invested Capital 413.1m)
WACC = 8.28% (E(1.36b)/V(1.43b) * Re(8.60%) + D(69.4m)/V(1.43b) * Rd(2.56%) * (1-Tc(0.21)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.78%
[DCF Debug] Terminal Value 77.21% ; FCFF base≈216.4m ; Y1≈218.4m ; Y5≈235.4m
Fair Price DCF = 295.2 (EV 3.92b - Net Debt 38.4m = Equity 3.88b / Shares 13.1m; r=8.28% [WACC]; 5y FCF grow 0.50% → 2.90% )
EPS Correlation: 8.27 | EPS CAGR: -49.96% | SUE: 0.0 | # QB: 0
Revenue Correlation: -83.98 | Revenue CAGR: -9.72% | SUE: 2.91 | # QB: 1