profit from every $100 of sales.
$0$100
Natural Resource Partners L.P.
$123.50+0.67% today
+17.6% in 1 year
1-year low $96.001-year high $125.41
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $12.00 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Natural Resource Partners L.P. sold, what it kept, and what it did with the cash.
Sales went from $328 million in 2022 to $202 million in 2025, with $136 million of profit last year.
SalesProfit
Natural Resource Partners L.P. handed back 34% of the cash it generated last year.
$56M
Free cash flow 2025$166M
Bought back its own shares$0
Paid as dividends$56M
Cash vs. debt$30M vs. $33M
Natural Resource Partners L.P. vs. similar companies
Natural Resource Partners L.P. grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Natural Resource Partners L.P. | 12.0× · Cheap | ||
 Warrior Met Coal | 77.4× · Very expensive | ||
 Alliance Resource Partners, L.P. | 10.4× · Cheap | ||
 Peabody Energy | No profit yet | ||
 Alpha Metallurgical Resources | No profit yet |
AI analysis
An AI analyst reads Natural Resource Partners L.P.'s last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 328 | 294 | 245 | 202 | |
| 306 | 275 | – | – | |
| 249 | 217 | 176 | 139 | |
| 317 | 311 | 215 | 159 | |
| 268 | 278 | 184 | 136 | |
| 13.39 | 13.08 | 11.35 | 10.04 | |
| 93.1% | 93.7% | – | – | |
| 75.8% | 73.8% | 72.0% | 68.9% | |
| 81.8% | 94.8% | 74.9% | 67.4% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 877 | 798 | 773 | 748 |
| Cash | 39 | 12 | 30 | 30 |
| Total debt | 168 | 155 | 142 | 33 |
| Total liabilities | 235 | 220 | 222 | 116 |
| 0 | 0 | 0 | 0 | |
| 12 | 16 | 13 | 13 | |
| 138.4% | 149.0% | 110.8% | 344.7% | |
| – | – | – | – |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 267 | 311 | 248 | 166 | |
| 0 | 0 | – | – | |
| 267 | 311 | 248 | 166 | |
| Dividends paid | 65 | 92 | 79 | 56 |
| 19 | 178 | 72 | 0 | |
| 6 | 11 | 11 | 11 |
Valuation
- 12.0×
- 26.2×
- –
- 2.2×
- 8.1×
- 9.9×
- 10.3×
- 10.1%
- 8.3%
- 3.0%
Profitability
- 84.4%
- 68.9%
- 67.4%
- 77.2%
- 17.4%
- 26.1%
- 18.8%
- 14.8%
- 17.7%
- –
Growth
- −14.9%
- −9.2%
- −33.3%
- +17.3%
- +1.9%
Financial health
- 0.2×
- 0.10
- 7.8%
- 20.3×
- 2.09
- 2.09
- 0.25
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 9%of 467
Top 1%of 466
Top 28%of 386
Bottom 12%of 460
Top 22%of 459
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 1.44 | 0.25 | +476.0% |
| Feb 27, 2026 | 2.27 | 1.60 | +41.9% |
| Nov 4, 2025 | 2.28 | – | – |
| Aug 6, 2025 | 2.52 | – | – |
| May 6, 2025 | 2.97 | – | – |
| Feb 28, 2025 | 3.15 | – | – |
| Nov 5, 2024 | 2.00 | – | – |
| Aug 7, 2024 | 2.29 | – | – |
3.0%of the share price, paid each year
On $1,000 invested$30a year at today's yield, before tax
+17.3%2020 to 2025
Raised–not every year
Paid per share, each year
$5.75 in 2015 → $3.00 in 2025
How safe it looks
41.4% of its profit
Room to growStretchedMore than it earns: 34.0%
News
GAMCO Natural Resources Gold & Income Trust declares $0.06 dividendSeeking Alpha · Nov 11, 2026Northwest Natural raises 2026 EPS guidance to $3.10-$3.20 as SiEnergy rate settlement and cost controls support outlookSeeking Alpha · Nov 6, 2026Core Natural Resources outlines 29.4M tons contracted through 2031 as costs rise in High-CV thermalSeeking Alpha · Nov 5, 2026Natural Resource Partners L.P. Q3 2026 Earnings Call SummaryYahoo Finance · Nov 4, 2026United Natural Foods (UNFI): buy, sell, or hold post Q2 earnings?Yahoo Finance · Oct 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
95Pass
Benjamin Graham
82Pass
Philip Fisher
81Pass
Peter Lynch
40No pass
Joel Greenblatt
62Pass
Charlie Munger
94Pass
Terry Smith
90Pass
Questions about Natural Resource Partners L.P.
Is Natural Resource Partners L.P. a good stock to buy?
A strong, very profitable business, and the price looks low. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Natural Resource Partners L.P. AI analysis
What does Natural Resource Partners L.P. do?
Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Mineral Rights and Soda Ash. It is in Coal.
Does Natural Resource Partners L.P. pay a dividend?
Yes. At today's price the dividend is 3.0% a year, about 41% of its yearly profit. In 2025 it paid out $56.4 million in dividends.
Is Natural Resource Partners L.P. stock halal?
Yes. Natural Resource Partners L.P. passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has Natural Resource Partners L.P. stock done over the past year?
Up 17.6% over the past twelve months, to $123.50. It traded between $96.00 and $125.41, close to its high.
Who are Natural Resource Partners L.P.'s competitors?
The largest listed companies in the same industry are Warrior Met Coal, Alliance Resource Partners, L.P., Peabody Energy and Alpha Metallurgical Resources. The peers table on this page compares their profit, growth and price with Natural Resource Partners L.P.'s.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.