NATURAL RESOURCE PARTNERS LP (NRP) Fundamental Analysis & Valuation

NYSE:NRP • US63900P6088

Current stock price

115.82 USD
-2.51 (-2.12%)
Last:

This NRP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. NRP Profitability Analysis

1.1 Basic Checks

  • In the past year NRP was profitable.
  • NRP had a positive operating cash flow in the past year.
  • Each year in the past 5 years NRP has been profitable.
  • Each year in the past 5 years NRP had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • NRP has a Return On Assets of 17.86%. This is amongst the best in the industry. NRP outperforms 95.22% of its industry peers.
  • NRP has a Return On Equity of 21.13%. This is amongst the best in the industry. NRP outperforms 86.60% of its industry peers.
  • NRP has a better Return On Invested Capital (15.74%) than 93.78% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NRP is in line with the industry average of 22.60%.
  • The 3 year average ROIC (22.37%) for NRP is well above the current ROIC(15.74%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROIC 15.74%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
NRP Yearly ROA, ROE, ROICNRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

1.3 Margins

  • NRP's Profit Margin of 65.06% is amongst the best of the industry. NRP outperforms 95.69% of its industry peers.
  • NRP's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 69.37%, NRP belongs to the best of the industry, outperforming 96.65% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NRP has remained more or less at the same level.
Industry RankSector Rank
OM 69.37%
PM (TTM) 65.06%
GM N/A
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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6

2. NRP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NRP is creating value.
  • Compared to 1 year ago, NRP has more shares outstanding
  • NRP has more shares outstanding than it did 5 years ago.
  • NRP has a better debt/assets ratio than last year.
NRP Yearly Shares OutstandingNRP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
NRP Yearly Total Debt VS Total AssetsNRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

2.2 Solvency

  • The Debt to FCF ratio of NRP is 0.20, which is an excellent value as it means it would take NRP, only 0.20 years of fcf income to pay off all of its debts.
  • NRP's Debt to FCF ratio of 0.20 is amongst the best of the industry. NRP outperforms 90.91% of its industry peers.
  • A Debt/Equity ratio of 0.03 indicates that NRP is not too dependend on debt financing.
  • The Debt to Equity ratio of NRP (0.03) is better than 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Altman-Z N/A
ROIC/WACC1.78
WACC8.85%
NRP Yearly LT Debt VS Equity VS FCFNRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.85 indicates that NRP should not have too much problems paying its short term obligations.
  • The Current ratio of NRP (1.85) is better than 72.73% of its industry peers.
  • NRP has a Quick Ratio of 1.85. This is a normal value and indicates that NRP is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of NRP (1.85) is better than 75.12% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
NRP Yearly Current Assets VS Current LiabilitesNRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. NRP Growth Analysis

3.1 Past

  • The earnings per share for NRP have decreased strongly by -10.91% in the last year.
  • The Earnings Per Share has been decreasing by -5.40% on average over the past years.
  • NRP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.95%.
  • Measured over the past years, NRP shows a quite strong growth in Revenue. The Revenue has been growing by 8.01% on average per year.
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
NRP Yearly EPS VS EstimatesNRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2023 2024 2025 0 5 -5 10

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5

4. NRP Valuation Analysis

4.1 Price/Earnings Ratio

  • NRP is valuated reasonably with a Price/Earnings ratio of 11.54.
  • NRP's Price/Earnings ratio is rather cheap when compared to the industry. NRP is cheaper than 80.86% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of NRP to the average of the S&P500 Index (27.34), we can say NRP is valued rather cheaply.
Industry RankSector Rank
PE 11.54
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as NRP.
  • Based on the Price/Free Cash Flow ratio, NRP is valued cheaper than 87.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.18
EV/EBITDA 9.89
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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NRP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.51%, NRP has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.23, NRP has a dividend in line with its industry peers.
  • NRP's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.51%

5.2 History

  • The dividend of NRP has a limited annual growth rate of 4.13%.
  • NRP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.13%
Div Incr Years0
Div Non Decr Years0
NRP Yearly Dividends per shareNRP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 42.23% of the earnings are spent on dividend by NRP. This is a bit on the high side, but may be sustainable.
DP42.23%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M
NRP Dividend Payout.NRP Dividend Payout, showing the Payout Ratio.NRP Dividend Payout.PayoutRetained Earnings

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NRP Fundamentals: All Metrics, Ratios and Statistics

NATURAL RESOURCE PARTNERS LP

NYSE:NRP (4/14/2026, 8:04:00 PM)

115.82

-2.51 (-2.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)04-30
Inst Owners37.46%
Inst Owner Change0.02%
Ins Owners8.73%
Ins Owner Change1.88%
Market Cap1.52B
Revenue(TTM)205.40M
Net Income(TTM)133.64M
Analysts80
Price TargetN/A
Short Float %3.38%
Short Ratio8.91
Dividend
Industry RankSector Rank
Dividend Yield 2.51%
Yearly Dividend4.31
Dividend Growth(5Y)4.13%
DP42.23%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-10
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 11.54
Fwd PE N/A
P/S 7.41
P/FCF 9.18
P/OCF 9.18
P/B 2.41
P/tB 2.45
EV/EBITDA 9.89
EPS(TTM)10.04
EY8.67%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)12.62
FCFY10.9%
OCF(TTM)12.62
OCFY10.9%
SpS15.63
BVpS48.14
TBVpS47.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number104.28
Profitability
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROCE 19.92%
ROIC 15.74%
ROICexc 16.43%
ROICexgc 16.72%
OM 69.37%
PM (TTM) 65.06%
GM N/A
FCFM 80.75%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
ROICexc(3y)23.06%
ROICexc(5y)23.31%
ROICexgc(3y)23.49%
ROICexgc(5y)23.75%
ROCE(3y)28.31%
ROCE(5y)27.98%
ROICexgc growth 3Y-19.42%
ROICexgc growth 5Y11.47%
ROICexc growth 3Y-19.37%
ROICexc growth 5Y11.59%
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Debt/EBITDA 0.12
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 17.76
Cash Conversion 105.35%
Profit Quality 124.11%
Current Ratio 1.85
Quick Ratio 1.85
Altman-Z N/A
F-Score5
WACC8.85%
ROIC/WACC1.78
Cap/Depr(3y)0.02%
Cap/Depr(5y)0.1%
Cap/Sales(3y)0%
Cap/Sales(5y)0.01%
Profit Quality(3y)148.61%
Profit Quality(5y)144.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.72%
EBIT growth 3Y-22.71%
EBIT growth 5Y9.29%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-33.25%
FCF growth 3Y-14.64%
FCF growth 5Y13.18%
OCF growth 1Y-33.25%
OCF growth 3Y-14.65%
OCF growth 5Y13.18%

NATURAL RESOURCE PARTNERS LP / NRP Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NATURAL RESOURCE PARTNERS LP (NRP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to NRP.


Can you provide the valuation status for NATURAL RESOURCE PARTNERS LP?

ChartMill assigns a valuation rating of 5 / 10 to NATURAL RESOURCE PARTNERS LP (NRP). This can be considered as Fairly Valued.


How profitable is NATURAL RESOURCE PARTNERS LP (NRP) stock?

NATURAL RESOURCE PARTNERS LP (NRP) has a profitability rating of 8 / 10.


How sustainable is the dividend of NATURAL RESOURCE PARTNERS LP (NRP) stock?

The dividend rating of NATURAL RESOURCE PARTNERS LP (NRP) is 4 / 10 and the dividend payout ratio is 42.23%.