Earnings summaries and quarterly performance for NATURAL RESOURCE PARTNERS.
Research analysts who have asked questions during NATURAL RESOURCE PARTNERS earnings calls.
David Spier
Nitor Capital Management LLC
5 questions for NRP
JM
John Mason
Aegis Capital Corp.
4 questions for NRP
NP
Neil Patel
Sawgrass Beach
2 questions for NRP
PC
Phillip Cramer
BATS Wireless
2 questions for NRP
AP
Alberto Padilla
Fruit Tree Capital
1 question for NRP
AV
Alberto Vadia
Fruit Tree Capital
1 question for NRP
Recent press releases and 8-K filings for NRP.
Natural Resource Partners Reports Q4 and Full Year 2025 Results, Announces Capital Investment in Soda Ash JV
NRP
Earnings
New Projects/Investments
Demand Weakening
- Natural Resource Partners (NRP) generated $46 million of free cash flow in the fourth quarter and $169 million for the full year 2025. Net income for Q4 2025 was $31 million, and $136 million for the full year.
- All three of NRP's key commodities—metallurgical coal, thermal coal, and soda ash—are experiencing cyclically low or generational low sales prices, with no immediate catalysts for market improvement.
- The company retired $109 million of debt in 2025, ending the year with $33 million of debt outstanding.
- NRP will make a $39 million capital investment in its Sisecam Wyoming joint venture to reduce its bank credit facility, which will push back the expected increase in unitholder distributions from August to a subsequent quarter, likely November. Distributions from Sisecam Wyoming have not been received for the last two quarters and are not expected to resume for the foreseeable future.
21 hours ago
Natural Resource Partners Reports Q4 2025 Financial Results and Strategic Updates
NRP
Earnings
New Projects/Investments
Demand Weakening
- Natural Resource Partners (NRP) generated $46 million in free cash flow for Q4 2025 and $169 million for the full year 2025, with net income reaching $31 million in Q4 2025 and $136 million for the full year.
- The company successfully retired $109 million of debt in 2025, finishing the year with $33 million in outstanding debt, and remains on track with its de-leveraging goal.
- NRP made a $39 million capital investment in its Sisecam Wyoming soda ash joint venture to reduce its bank credit facility, though the JV still has over $50 million in debt remaining. Distributions from the JV have not been received since Q2 2025 and are not expected to resume soon due to generational lows in soda ash prices.
- The anticipated increase in unitholder distributions, previously expected in August, has been pushed back to November due to the $39 million investment in the soda ash venture.
- All three key commodities—metallurgical coal, thermal coal, and soda ash—are experiencing cyclically or generationally low sales prices, with no immediate catalysts for improvement foreseen.
21 hours ago
Natural Resource Partners Reports Q4 and Full Year 2025 Results, Reduces Debt, and Delays Distribution Increase
NRP
Earnings
Dividends
New Projects/Investments
- Natural Resource Partners (NRP) generated $46 million of free cash flow in the fourth quarter and $169 million for the full year 2025.
- The company retired $109 million of debt in 2025, concluding the year with $33 million of debt.
- NRP made a $39 million capital investment in its Sisecam Wyoming soda ash joint venture to support its capital structure and reduce outstanding bank credit facility amounts; however, the JV is not debt-free and still has over $50 million of debt remaining.
- Due to the Sisecam Wyoming investment, the anticipated increase in unitholder distributions, previously expected in August 2026, has been pushed back to a subsequent quarter, likely November.
- All three key commodities—metallurgical coal, thermal coal, and soda ash—are experiencing cyclically or generationally low sales prices, with no immediate catalysts for market improvement and 2026 expected to be worse for soda ash.
21 hours ago
Natural Resource Partners Reports Full Year 2025 Results and Declares Special Distribution
NRP
Earnings
Dividends
Demand Weakening
- Natural Resource Partners L.P. (NRP) reported full year 2025 net income of $136,367 thousand and free cash flow of $168,748 thousand.
- The company retired $109 million of debt in 2025, reducing its remaining debt to $33 million and achieving a consolidated leverage ratio of 0.2x at December 31, 2025.
- NRP paid total distributions of $4.21 per common unit in 2025 and declared a special cash distribution of $0.12 per common unit to help cover unitholder tax liabilities associated with owning NRP's common units during 2025.
- Both Mineral Rights and Soda Ash segments experienced decreased net income, operating cash flow, and free cash flow in 2025 compared to the prior year, primarily due to cyclically-low prices for metallurgical and thermal coal and generationally-low prices for soda ash.
23 hours ago
Natural Resource Partners L.P. Reports Q4 and Full Year 2025 Results, Announces Special Distribution
NRP
Earnings
Dividends
Demand Weakening
- Natural Resource Partners L.P. reported net income of $136,367 thousand and free cash flow of $168,748 thousand for the full year ended December 31, 2025. For the fourth quarter of 2025, net income was $30,998 thousand and free cash flow was $45,508 thousand.
- The company retired $109 million of debt in 2025, reducing its total debt to $33 million by December 31, 2025, and achieving a leverage ratio of 0.2x.
- NRP paid total distributions of $4.21 per common unit in 2025, including a $1.21 special cash distribution to cover 2024 tax liabilities, and declared a $0.12 special cash distribution for 2025 tax liabilities to be paid in March 2026.
- The Mineral Rights segment's performance decreased in 2025 due to lower metallurgical coal sales prices and volumes, with management expecting no material changes to pricing in 2026 given continued weak market conditions.
24 hours ago
NRP Reports Q3 2025 Financial Results Amidst Challenging Commodity Markets
NRP
Earnings
Demand Weakening
Dividends
- Natural Resource Partners (NRP) generated $42 million in free cash flow during Q3 2025 and $190 million over the last 12 months.
- The company significantly reduced its debt, repaying $32 million in Q3 2025 and over $70 million year-to-date, leaving $70 million of debt outstanding as of the end of the quarter.
- NRP faced a "generational bear market" for soda ash and challenging conditions for metallurgical and thermal coal, leading to a $9 million decrease in mineral rights segment operating and free cash flow and an $11 million decrease in soda ash segment net income compared to the prior year. No distributions were received from Shishajam in Q3 2025.
- The company aims to establish a "fortress balance sheet" with no permanent debt and $30 million in cash, after which capital allocation priorities will include increased unit holder distributions and unit repurchases.
Nov 4, 2025, 2:00 PM
Natural Resource Partners Reports Q3 2025 Free Cash Flow and Debt Reduction
NRP
Earnings
New Projects/Investments
Demand Weakening
- Natural Resource Partners (NRP) generated $42 million in free cash flow in Q3 2025 and $190 million over the last twelve months, while retiring nearly $130 million of debt, reducing its outstanding debt to $70 million.
- The company's mineral rights segment reported $41 million in net income and $45 million in free cash flow in Q3 2025, though operating and free cash flow declined year-over-year by $9 million due to weaker metallurgical coal markets.
- NRP is navigating a generational bear market in soda ash, with international prices below cash production costs, and all 3.5 million acres of its CO2 sequestration pore space are unleased following lease terminations by major companies.
- Strategically, NRP is actively leasing acreage in the Smackover formation for lithium production.
Nov 4, 2025, 1:39 PM
Natural Resource Partners L.P. Reports Q3 2025 Results and Declares Distribution
NRP
Earnings
Dividends
Demand Weakening
- Natural Resource Partners L.P. (NRP) reported net income of $30.9 million and generated $41.8 million of free cash flow for the third quarter of 2025.
- The company declared a cash distribution of $0.75 per common unit for the third quarter of 2025, to be paid on November 25, 2025.
- NRP repaid $32 million of debt during the third quarter of 2025, ending the period with $190.1 million of available liquidity at September 30, 2025.
- Management noted depressed market conditions for all key commodities, expecting weak coal and soda ash prices to continue for the foreseeable future.
- Mineral Rights operating and free cash flow decreased compared to the prior year due to lower metallurgical coal sales prices and volumes, while Soda Ash operating and free cash flow decreased due to lower sales prices and no cash distribution from Sisecam Wyoming in Q3 2025.
Nov 4, 2025, 12:21 PM
Natural Resource Partners L.P. Reports Q2 2025 Results and Declares Distribution
NRP
Earnings
Dividends
Demand Weakening
- Natural Resource Partners L.P. generated $46.3 million of free cash flow in the second quarter of 2025 and $203.1 million over the last twelve months.
- The company declared a second quarter 2025 cash distribution of $0.75 per common unit, to be paid on August 26, 2025.
- NRP's consolidated leverage ratio was 0.5x at June 30, 2025, with $102 million of debt remaining.
- The company experienced weak prices for metallurgical coal, thermal coal, and soda ash, with muted pricing expected for coal commodities for the remainder of 2025 and soda ash distributions expected to remain below historical norms.
Aug 6, 2025, 12:00 AM
Quarterly earnings call transcripts for NATURAL RESOURCE PARTNERS.
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