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NATURAL RESOURCE PARTNERS LP (NRP) Stock Fundamental Analysis

USA - NYSE:NRP - US63900P6088

108.02 USD
+0.99 (+0.92%)
Last: 10/3/2025, 8:04:00 PM
Fundamental Rating

6

Overall NRP gets a fundamental rating of 6 out of 10. We evaluated NRP against 211 industry peers in the Oil, Gas & Consumable Fuels industry. NRP gets an excellent profitability rating and is at the same time showing great financial health properties. NRP has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

NRP had positive earnings in the past year.
NRP had a positive operating cash flow in the past year.
NRP had positive earnings in 4 of the past 5 years.
NRP had a positive operating cash flow in each of the past 5 years.
NRP Yearly Net Income VS EBIT VS OCF VS FCFNRP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

With an excellent Return On Assets value of 18.57%, NRP belongs to the best of the industry, outperforming 95.26% of the companies in the same industry.
NRP has a better Return On Equity (23.96%) than 89.57% of its industry peers.
NRP has a better Return On Invested Capital (18.04%) than 95.26% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NRP is significantly above the industry average of 21.55%.
The last Return On Invested Capital (18.04%) for NRP is well below the 3 year average (27.07%), which needs to be investigated, but indicates that NRP had better years and this may not be a problem.
Industry RankSector Rank
ROA 18.57%
ROE 23.96%
ROIC 18.04%
ROA(3y)23.65%
ROA(5y)13.33%
ROE(3y)32.66%
ROE(5y)16.99%
ROIC(3y)27.07%
ROIC(5y)20.63%
NRP Yearly ROA, ROE, ROICNRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600

1.3 Margins

Looking at the Profit Margin, with a value of 60.03%, NRP belongs to the top of the industry, outperforming 94.79% of the companies in the same industry.
In the last couple of years the Profit Margin of NRP has grown nicely.
NRP's Operating Margin of 71.15% is amongst the best of the industry. NRP outperforms 96.21% of its industry peers.
NRP's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 71.15%
PM (TTM) 60.03%
GM N/A
OM growth 3Y1.5%
OM growth 5Y-0.29%
PM growth 3Y18.09%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NRP Yearly Profit, Operating, Gross MarginsNRP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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7

2. Health

2.1 Basic Checks

NRP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for NRP has been increased compared to 1 year ago.
NRP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NRP has an improved debt to assets ratio.
NRP Yearly Shares OutstandingNRP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
NRP Yearly Total Debt VS Total AssetsNRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

The Debt to FCF ratio of NRP is 0.51, which is an excellent value as it means it would take NRP, only 0.51 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.51, NRP belongs to the best of the industry, outperforming 90.52% of the companies in the same industry.
A Debt/Equity ratio of 0.15 indicates that NRP is not too dependend on debt financing.
NRP's Debt to Equity ratio of 0.15 is fine compared to the rest of the industry. NRP outperforms 72.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.51
Altman-Z N/A
ROIC/WACC2.06
WACC8.74%
NRP Yearly LT Debt VS Equity VS FCFNRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 2.20 indicates that NRP has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.20, NRP is doing good in the industry, outperforming 76.78% of the companies in the same industry.
NRP has a Quick Ratio of 2.20. This indicates that NRP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.20, NRP is in the better half of the industry, outperforming 79.15% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.2
Quick Ratio 2.2
NRP Yearly Current Assets VS Current LiabilitesNRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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2

3. Growth

3.1 Past

The earnings per share for NRP have decreased strongly by -20.24% in the last year.
Measured over the past years, NRP shows a very strong growth in Earnings Per Share. The EPS has been growing by 48.44% on average per year.
NRP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.90%.
Measured over the past years, NRP shows a small growth in Revenue. The Revenue has been growing by 0.44% on average per year.
EPS 1Y (TTM)-20.24%
EPS 3Y48.44%
EPS 5YN/A
EPS Q2Q%10.04%
Revenue 1Y (TTM)-24.9%
Revenue growth 3Y6.79%
Revenue growth 5Y0.44%
Sales Q2Q%-23.56%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NRP Yearly Revenue VS EstimatesNRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
NRP Yearly EPS VS EstimatesNRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2023 2024 0 5 -5 10

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5

4. Valuation

4.1 Price/Earnings Ratio

NRP is valuated reasonably with a Price/Earnings ratio of 10.15.
Based on the Price/Earnings ratio, NRP is valued a bit cheaper than 75.36% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.86, NRP is valued rather cheaply.
Industry RankSector Rank
PE 10.15
Fwd PE N/A
NRP Price Earnings VS Forward Price EarningsNRP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

NRP's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NRP indicates a rather cheap valuation: NRP is cheaper than 85.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.08
EV/EBITDA 8.14
NRP Per share dataNRP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

NRP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

NRP has a Yearly Dividend Yield of 2.80%. Purely for dividend investing, there may be better candidates out there.
NRP's Dividend Yield is comparable with the industry average which is at 6.07.
Compared to an average S&P500 Dividend Yield of 2.44, NRP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.8%

5.2 History

The dividend of NRP has a limited annual growth rate of 3.46%.
NRP has paid a dividend for at least 10 years, which is a reliable track record.
NRP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.46%
Div Incr Years4
Div Non Decr Years4
NRP Yearly Dividends per shareNRP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

5.3 Sustainability

NRP pays out 40.93% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.93%
EPS Next 2YN/A
EPS Next 3YN/A
NRP Yearly Income VS Free CF VS DividendNRP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M
NRP Dividend Payout.NRP Dividend Payout, showing the Payout Ratio.NRP Dividend Payout.PayoutRetained Earnings

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NATURAL RESOURCE PARTNERS LP

NYSE:NRP (10/3/2025, 8:04:00 PM)

108.02

+0.99 (+0.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-06 2025-08-06/bmo
Earnings (Next)10-30 2025-10-30
Inst Owners35.27%
Inst Owner Change0%
Ins Owners2.46%
Ins Owner Change-0.27%
Market Cap1.42B
Analysts80
Price TargetN/A
Short Float %2.56%
Short Ratio15.03
Dividend
Industry RankSector Rank
Dividend Yield 2.8%
Yearly Dividend6.12
Dividend Growth(5Y)3.46%
DP40.93%
Div Incr Years4
Div Non Decr Years4
Ex-Date08-19 2025-08-19 (0.75)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 10.15
Fwd PE N/A
P/S 6.02
P/FCF 7.08
P/OCF 7.08
P/B 2.4
P/tB 2.46
EV/EBITDA 8.14
EPS(TTM)10.64
EY9.85%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)15.25
FCFY14.12%
OCF(TTM)15.25
OCFY14.12%
SpS17.94
BVpS44.93
TBVpS43.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 18.57%
ROE 23.96%
ROCE 22.84%
ROIC 18.04%
ROICexc 18.82%
ROICexgc 19.16%
OM 71.15%
PM (TTM) 60.03%
GM N/A
FCFM 85.02%
ROA(3y)23.65%
ROA(5y)13.33%
ROE(3y)32.66%
ROE(5y)16.99%
ROIC(3y)27.07%
ROIC(5y)20.63%
ROICexc(3y)28.03%
ROICexc(5y)21.92%
ROICexgc(3y)28.57%
ROICexgc(5y)22.35%
ROCE(3y)34.27%
ROCE(5y)26.12%
ROICexcg growth 3Y10.43%
ROICexcg growth 5Y5.55%
ROICexc growth 3Y10.55%
ROICexc growth 5Y5.57%
OM growth 3Y1.5%
OM growth 5Y-0.29%
PM growth 3Y18.09%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.51
Debt/EBITDA 0.48
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 13.02
Cash Conversion 109.5%
Profit Quality 141.63%
Current Ratio 2.2
Quick Ratio 2.2
Altman-Z N/A
F-Score6
WACC8.74%
ROIC/WACC2.06
Cap/Depr(3y)0.17%
Cap/Depr(5y)0.1%
Cap/Sales(3y)0.01%
Cap/Sales(5y)0.01%
Profit Quality(3y)145.28%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.24%
EPS 3Y48.44%
EPS 5YN/A
EPS Q2Q%10.04%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.9%
Revenue growth 3Y6.79%
Revenue growth 5Y0.44%
Sales Q2Q%-23.56%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-29.99%
EBIT growth 3Y8.39%
EBIT growth 5Y0.15%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-34.41%
FCF growth 3Y26.83%
FCF growth 5Y12.6%
OCF growth 1Y-34.43%
OCF growth 3Y26.83%
OCF growth 5Y12.6%