Natural Resource Partners LP (NRP)
Operating cash flow minus capital spending left $165.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $51.7M in cash against $14.3M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Natural Resource Partners LP
- Net worth
- Natural Resource Partners LP has a market value (market cap) of $1.6B at the latest share price. A company's "net worth" usually means this market value or the shareholders' equity on its balance sheet.
- Revenue and profit
- In fiscal 2024 revenue was $232.4M (-16.6% year on year), with net income of $154.9M.
- Cash flow
- In fiscal 2025 operations brought in $165.9M of cash; after $0 of capital spending, free cash flow was $165.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Natural Resource Partners LP's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Natural Resource Partners LP does
Natural Resource Partners LP is registered with the SEC under industry code SIC 1221 (Bituminous Coal & Lignite Surface Mining). Its shares trade on NYSE under the ticker NRP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $136.4M | n/a | $165.9M |
| 2024 | $232.4M | $154.9M | n/a | $248.5M |
| 2023 | $278.7M | $200.8M | n/a | $311M |
| 2022 | $307M | $238.5M | n/a | $266.7M |
| 2021 | $216.1M | $77.3M | n/a | $121.8M |
| 2020 | $139.7M | -$84.8M | n/a | $89.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What Natural Resource Partners LP has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- November 4, 2026
- August 5, 2026
- August 5, 2026
- May 12, 2026Passive stake changed SCHEDULE 13G/A
- May 6, 2026
- May 6, 2026
- February 27, 2026
- February 27, 2026
- November 4, 2025
Insider trades
What the people running Natural Resource Partners LP did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $244K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 28, 2026 | Wooten Gregory FExecutive Vice President | Sold | 2,200 | $244K |
| May 26, 2026 | Craig Kevin JExecutive Vice President | Bought | 336 | $34.3K |
| February 10, 2026 | Smith Stephen PDirector | Exercised options | 1,076 | - |
| February 10, 2026 | Navarre Richard ADirector | Exercised options | 1,076 | - |
| February 10, 2026 | Murphy Paul B JrDirector | Exercised options | 1,076 | - |
| February 10, 2026 | Vecellio Leo A JrDirector | Exercised options | 1,076 | - |
| February 10, 2026 | Claro Galdino J.Director | Exercised options | 1,076 | - |
| February 10, 2026 | Robertson Corbin J IIIDirector | Exercised options | 1,076 | - |
Who owns NRP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 75 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Morgan Stanley | 1,074,497 | +35,582 |
| Goldman Sachs Group Inc | 608,121 | -8,633 |
| Corient Private Wealth LP | 592,072 | -21,000 |
| UBS Group AG | 349,152 | +165,301 |
| Solidarity Wealth, LLC | 260,480 | +25,296 |
| Progeny 3, Inc. | 229,463 | -83,060 |
| Saber Capital Managment, LLC | 215,216 | +5,749 |
| Ing Groep NV | 198,400 | +18,000 |
| Long Corridor Asset Management Ltd | 120,000 | +20,000 |
| Bnp Paribas Financial Markets | 111,014 | +96,587 |
| Oakcliff Capital Partners, LP | 102,057 | 0 |
| Meixler Investment Management, Ltd. | 97,591 | +4,399 |
| Mountain Lake Investment Management LLC | 85,464 | +8,791 |
| Ballast Asset Management, LP | 74,806 | -1,062 |
| Nitor Capital Management LLC | 65,213 | +1,004 |
| Horizon Kinetics Asset Management LLC | 60,951 | +3,080 |
| Bank of America Corp | 58,447 | -124,579 |
| Natixis | 44,598 | -44,000 |
| LPL Financial LLC | 40,596 | +3,045 |
| Magnolia Group, LLC | 37,750 | new |
Insiders
12 insiders reported holding 1,359,048 shares in total, about $163.2M at the last price.
| Holder | Shares |
|---|---|
| Robertson Corbin J JrChairman and CEO, Director, 10% owner | 763,658763,658 held indirectly |
| Robertson Corbin J IIIDirector | 217,425 |
| Nunez Craig WPresident and COO | 132,487 |
| Zolas ChristopherChief Financial Officer | 63,497 |
| Craig Kevin JExecutive Vice President | 47,019 |
| Wooten Gregory FExecutive Vice President | 32,634 |
| Vecellio Leo A JrDirector | 24,608 |
| Claro Galdino J.Director | 22,368 |
| Murphy Paul B JrDirector | 20,061 |
| Navarre Richard ADirector | 19,254 |
Questions about NRP
What does Natural Resource Partners LP do?
Natural Resource Partners LP is a company in the Energy sector, listed on NYSE as NRP. Its shares trade on NYSE under the ticker NRP.
What is Natural Resource Partners LP's net worth?
Natural Resource Partners LP has a market value (market cap) of $1.6B at the latest share price. A company's "net worth" usually means this market value or the shareholders' equity on its balance sheet.
Is Natural Resource Partners LP profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $102.3M.
When did Natural Resource Partners LP last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Natural Resource Partners LP's next earnings report?
Natural Resource Partners LP's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Natural Resource Partners LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.