Natural Resource Partners LP
Research Natural Resource Partners LP (NRP) on Bullrun: valuation model: 1.5% overvalued, market cap USD 1.44B, P/E 13.9, dividend yield 2.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNRP
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryThermal Coal
- CurrencyUSD
- Valuation signal1.5% overvalued
- Market capUSD 1.44B
- P/E13.9
- Dividend yield2.8%
- Financial periodQ2 2026
- RevenueUSD 52.97M
- Net incomeUSD 25.18M
- Free cash flowUSD 40.95M
Valuation Snapshot
Bullrun's latest valuation model marks Natural Resource Partners LP as 1.5% overvalued; latest market cap is USD 1.44B; P/E is 13.9; dividend yield is 2.8%.
Peer valuation comparison
Latest P/E is 13.87x versus a Energy sector median of 14.75x (5.9% below).
Latest dividend yield is 2.83% versus a Energy sector median of 3.8% (25.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 202.34M | USD 136.37M | USD 165.86M | n/a | 10.04 | USD 30.14M | USD 33.08M | USD 0 |
| FY2024 | USD 232.35M | USD 183.64M | USD 248.49M | n/a | 11.27 | USD 30.44M | USD 142.07M | USD 0 |
| FY2023 | USD 278.73M | USD 278.44M | USD 310.97M | n/a | n/a | USD 11.99M | USD 155.06M | USD 0 |
| FY2022 | USD 307.01M | USD 268.49M | USD 266.72M | n/a | n/a | USD 39.09M | USD 168.28M | USD 0 |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.44B | 13.9 | 2.9% | 3.12 |
| 2025 | 2025-12-31 | USD 1.37B | 10.4 | 4.0% | 4.21 |
| 2024 | 2024-12-31 | USD 1.45B | 9.8 | 4.9% | 5.44 |
| 2023 | 2023-12-29 | USD 1.17B | 8.0 | 5.9% | 5.43 |
| 2022 | 2022-12-30 | USD 679.45M | 4.3 | 5.0% | 2.7 |
| 2021 | 2021-12-31 | USD 412.78M | 6.1 | 5.4% | 1.8 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.12 USD, yield 2.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.21 USD |
| FY2024 | 5.44 USD |
| FY2023 | 5.43 USD |
| FY2022 | 2.7 USD |
About Natural Resource Partners LP
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States;
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Frequently asked questions
Is Natural Resource Partners LP overvalued or undervalued?
Bullrun's valuation model currently marks Natural Resource Partners LP as 1.5% overvalued.
What is Natural Resource Partners LP's market cap?
Natural Resource Partners LP's market capitalization is USD 1.44B.
What is Natural Resource Partners LP's P/E ratio?
Natural Resource Partners LP's price-to-earnings (P/E) ratio is 13.9.
Does Natural Resource Partners LP pay a dividend?
Natural Resource Partners LP has a dividend yield of 2.8%.
What does Natural Resource Partners LP do?
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.