NRP
Natural Resource Partners L.P.
NRP's fundamentals are mixed, but it looks expensive: trading at 17x earnings, about twice its usual 8.1x.
NRP Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Unavailable | |
| Strong |
NRP's profitability and balance sheet are currently healthy, but its revenue is under pressure. There isn't enough data to rate its cash flow.
NRP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4x | $30.37 | -76% |
| Fair | 8.1x | $60.54 | -51% |
| Expensive | 12x | $90.59 | -27% |
| Current | 17x | $124 | — |
Historical ranges are pointers, not guarantees.
NRP's PE is in its expensive range at 17x.
NRP Forward outlook
There aren't enough analyst estimates for NRP to show an outlook.
NRP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $7.51 | -32% |
| Q2 2026 | $7.84 | -27% |
| Q1 2026 | $8.51 | -19% |
| Q4 2025 | $10.04 | -12% |
| Q3 2025 | $11.00 | -11% |
| Q2 2025 | $10.72 | -19% |
| Q1 2025 | $10.49 | -22% |
| Q4 2024 | $11.35 | -13% |
NRP's earnings per share have fallen from their peak: $7.51 over the past year, against $13.72 in early 2023.
NRP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2025 | $51.3M | -22% |
| Q4 2024 | $61.8M | -15% |
| Q3 2024 | $50.4M | -26% |
| Q2 2024 | $54.6M | -11% |
| Q1 2024 | $65.6M | -14% |
| Q4 2023 | $72.9M | -3.1% |
| Q3 2023 | $68.5M | -16% |
| Q2 2023 | $61M | -39% |
NRP's revenue has slid since its 2022 peak: $51M last quarter, down 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2025 | 84% | -7.3 points |
| Q4 2024 | 75% | -20 points |
| Q3 2024 | 85% | -14 points |
| Q2 2024 | 92% | -29 points |
| Q1 2024 | 91% | -17 points |
| Q4 2023 | 94% | +0.4 points |
| Q3 2023 | 99% | -2.2 points |
| Q2 2023 | 121% | +42 points |
NRP's operating margin was 84% last quarter, down 7.3 points from the same quarter a year ago.
NRP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44M | +7% |
| Q2 2026 | $41M | -10% |
| Q1 2026 | $33M | -4.1% |
| Q3 2025 | $41.1M | -24% |
| Q2 2025 | $45.6M | -20% |
| Q1 2025 | $34.4M | -52% |
| Q4 2024 | $66.2M | -15% |
| Q3 2024 | $54.1M | -31% |
NRP's free cash flow has been positive every quarter for six years: $159M over the past year, down 21% from the year before.
NRP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.9% | +112K shares |
| 3 years | +4.9% | +616K shares |
| 5 years | +7.3% | +899K shares |
| Available history | +8.1% | +989K shares |
NRP has 13M diluted shares, up 0.9% from a year ago.
NRP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.4x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.5x | Very low |
NRP has more cash than debt.
NRP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.0 | Overbought |
| Stochastic | 83.0 | Overbought |
NRP's weekly RSI is 70 (overbought) and its Stochastic is 83 (overbought).
NRP PE vs Energy Sector
| Metric | NRP | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 26% above |
| PE % | 99 | 61 | 38 pts above |
NRP is trading at 17x earnings, a 26% premium to the Energy sector's median of 13x.
NRP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $114.4 | 8.6% above |
| 20 week MA | $108.5 | 15% above |
| 50 week MA | $110.9 | 12% above |
| 100 week MA | $106.5 | 17% above |
| 200 week MA | $92.4 | 35% above |
NRP is in an uptrend: it's above all five of its weekly moving averages, and 35% above its 200-week average.
NRP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.2 | $14.1 | -30% |
| 2021 | $14.1 | $32.1 | +128% |
| 2022 | $32.1 | $49.9 | +56% |
| 2023 | $49.9 | $92.6 | +85% |
| 2024 | $92.6 | $106.1 | +15% |
| 2025 | $106.1 | $103.0 | -3% |
| 2026 YTD | $103.0 | $124.3 | +21% |
NRP has finished higher in four of the last six years, three of them by more than 50%. It's up 21% so far in 2026.