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Saturday 17 October 2026 Export NRP’s income statement to Excel — free account

Natural Resource Partners LP

NRP Energy Thermal Coal

In the quarter to June 2026, revenue fell 3.97%, EPS fell 27.1%, free cash flow fell 11.5% and total debt fell 73.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

112.47 0.85 +0.76%
Market cap
$1.5B
P/E
14.2×
Fwd P/E
—
Dividend yield
2.67%
F-score
4/9
Altman Z
n/a
Beneish M
−2.53
Dividend safety
61/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03
Total sells 0.24
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 32.00%

Capital & Financial Ratios $m

Market Cap 1,480.00
Revenue 184.11
Net Income 106.70
Free Cash Flow 161.51
Net Debt (2.78)
Current Ratio 2.12 (at or above 1.5: strong)
Debt/Equity 0.04 (at or below 0.5: strong)
P/E ratio 14.17
Fwd P/E —
P/S ratio 8.09
P/B ratio 2.29
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth 0.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.1×, against a ten-year median of 3.8×; over the ten years it ranged from 1.8× in 2023 to 8.7× in 2026.
P/E against its own 10 years 96.69%
10-year low 10-year high
P/S against its own 10 years 98.82%
10-year low 10-year high
P/B against its own 10 years 78.73%
10-year low 10-year high
EV/Sales against its own 10 years 98.78%
10-year low 10-year high
EV/FCF against its own 10 years 84.41%
10-year low 10-year high

Dividends

Payout Ratio 0.38
Annual Dividend Rate 3.00
Annual Dividend Yield 2.67%
total individual payouts
2026 2.25
0.75
0.12
0.75
0.75
2025 3.00
0.75
1.21
0.75
0.75
0.75
2024 3.00
0.75
2.44
0.75
0.75
0.75
2023 3.00
0.75
2.43
0.75
0.75
0.75
2022 2.70
0.45
0.75
0.75
0.75
2021 1.80
0.45
0.45
0.45
0.45
2020 1.35
0.45
0.45
0.45
2019 1.35
0.45
0.85
0.45
0.45
2018 1.80
0.45
0.45
0.45
0.45
2017 1.80
0.45
0.45
0.45
0.45
2016 1.80
0.45
0.45
0.45
0.45
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12 30 30 30
Receivables 41 31 29 31
Inventory — — — —
Other 2 2 2 1
55 64 61 62
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt 31 14 14 14
Other — — — —
50 32 33 29

Compound Annual Growth %

10y 5y 3y
Sales (7.24%) 8.12% (18.93%)
Cash Flow (2.02%) 13.19% (14.66%)
Earnings 0.00% 0.00% (17.00%)
Book Value 24.11% 25.33% 9.83%

Revenue $m

Mar Jun Sep Dec Year
’26 39 48 — — —
’25 61 50 50 47 207
’24 76 66 60 66 268
’23 99 91 86 93 370
’22 90 100 102 97 389
’21 37 39 57 84 216
’20 40 31 30 39 140
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 33 41 — — —
’25 34 46 41 45 166
’24 71 57 54 66 248
’23 73 81 79 78 311
’22 52 63 82 69 267
’21 23 13 30 55 122
’20 32 20 24 13 89
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 33 41 — — —
’25 35 46 42 45 168
’24 72 61 54 66 253
’23 73 81 80 80 314
’22 52 63 83 69 268
’21 23 14 30 55 122
’20 32 20 24 13 90
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.44 1.85 — — —
’25 2.97 2.52 2.28 2.27 10.04
’24 3.83 2.29 2.00 3.15 11.35
’23 3.44 2.49 2.91 4.31 13.08
’22 3.11 3.29 3.71 3.13 13.39
’21 0.05 0.56 1.10 2.42 4.81
’20 0.52 (10.64) (0.02) 0.56 (9.20)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.00 22.81 25.76 19.25 8.50 13.76 32.38 44.68 81.74 86.83

Analyst estimates 2026–2028

Powerpack
High 40.00 45.60 39.86 44.71 22.02 34.92 54.33 93.45 113.04 113.03
People
People Employees 63 64 57 56 54 52 54 55 54 51
Revenue/emp, $m 4.43 3.85 4.89 4.71 2.60 4.16 7.20 6.73 4.96 4.06
Income, $m
Income, $m Revenue 279 246 279 264 140 216 389 370 268 207
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 91 82 122 (25) (85) 109 268 278 184 136
EBT margin, % 32.45 33.49 43.93 (9.63) (60.45) 50.33 69.03 75.25 68.52 65.79
Net income 97 89 140 (24) (85) 109 268 278 184 136
Depreciation 40 34 29 19 11 21 25 20 14 12
Per share, $
Per share, $ Revenue 22.83 20.14 22.75 21.53 11.44 17.54 31.16 29.32 20.63 15.79
Earnings 7.78 5.06 8.77 (4.35) (9.20) 6.14 18.72 15.59 11.69 10.18
Cash flow 8.83 10.39 15.43 11.20 7.28 9.87 21.37 24.64 19.13 12.63
Capex 5.08 0.09 0.20 0.53 0.05 0.02 0.08 0.23 0.37 0.14
Free cash flow 13.90 10.49 15.63 11.73 7.33 9.89 21.45 24.88 19.50 12.78
Book value 12.11 21.40 34.35 27.41 16.68 20.75 38.25 42.08 42.42 48.18
Shares, m 12 12 12 12 12 12 12 13 13 13
Valuation, ×
Valuation, × P/E 4.27 3.41 4.25 0.00 0.00 5.45 2.89 5.84 9.48 10.26
P/S 1.45 1.33 1.68 0.93 1.20 1.91 1.59 3.10 5.38 6.61
P/B 2.74 1.25 1.11 0.73 0.82 1.61 1.30 2.16 2.62 2.17
EV/Sales 5.36 4.51 3.36 2.52 3.85 3.28 1.93 3.49 5.80 6.63
EV/FCF 8.81 8.68 4.90 4.15 5.09 5.13 2.64 3.91 5.76 7.46
Cash, $m
Cash, $m Operating cash flow 108 127 189 137 89 122 267 311 248 166
Capex 62 1 2 6 1 0 1 3 5 2
Free cash flow 170 128 191 144 90 122 268 314 253 168
Balance, $m
Balance, $m Working capital (84) (29) 94 69 56 98 23 5 32 28
Total debt 1,130 809 673 516 471 434 168 155 142 33
Net debt 1,090 782 467 418 372 298 129 143 112 3
Shareholders’ equity 148 262 421 336 205 256 477 531 551 633
Returns, %
Returns, % ROA 6.11 4.37 7.86 (4.40) (11.23) 8.08 25.53 23.49 19.33 17.57
ROIC 9.15 10.57 13.56 4.25 (4.76) 16.67 31.45 27.12 18.79 14.20
ROE 86.15 30.22 31.46 (14.11) (41.71) 32.89 63.73 39.02 28.06 22.58
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Natural Resource Partners LP vs peers in Thermal Coal (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNR Core Natural Resources, Inc. $4.4B 45.4× 24.8× +3.51% (above 0%: growing) n/m +13.36% (above 0%: growing) 22.09% 13.65% Compare
ARLP Alliance Resource Partners, L.P. $3.2B 12.6× 11.7× +0.75% (above 0%: growing) +32.61% (above 0%: growing) +21.12% (above 0%: growing) 36.75% 17.33% Compare
BTU Peabody Energy Corporation $2.9B — (loss-making) 33.0× +12.71% (above 0%: growing) n/m +11.29% (above 0%: growing) 4.91% (10.51%) Compare
NRP Natural Resource Partners LP $1.5B 14.2× — −3.97% (below 0%: shrinking) −27.06% (below 0%: shrinking) −11.47% (below 0%: shrinking) 100.00% 54.52%
NC NACCO Industries, Inc. $253.7M 14.8× 3.8× +5.97% (above 0%: growing) n/m +98.20% (above 0%: growing) 21.02% (3.14%) Compare
Median of peers $3.1B 14.8× 18.3× +4.74% — +17.24% 21.56% 5.26%

All 5 Thermal Coal stocks →

Natural Resource Partners LP (NRP) key facts

  • Natural Resource Partners LP (NRP) is a Thermal Coal company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, NRP traded at $112.47, a market capitalization of $1.5 billion.
  • Natural Resource Partners LP pays an annual dividend of $3.00 per share, a yield of 2.67%, with a payout ratio of 38.3%.
  • Return on equity was 22.6% and debt-to-equity 0.04.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Natural Resource Partners LP (NRP) Latest News

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stockrow.com/NRP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com