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Stocks · Bituminous Coal & Lignite Surface Mining

NATURAL RESOURCE PARTNERS LP

NRP Clue Score70
United States Fiscal year ends December CIK 0001171486
$111.11 -0.18% Close, 9 Oct 2026
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Price $111.11 +317.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue242.8Operating income176.6Net income88.7Fiscal year 2018Revenue202.8 −16.5%Operating income192.5Net income139.5 +57.4%Fiscal year 2019Revenue210.3 +3.7%Operating income51.3Net income−24.5 −117.5%Fiscal year 2020Revenue120.2 −42.9%Operating income−43.9Net income−84.8Fiscal year 2021Revenue185.2 +54.1%Operating income147.8Net income108.9Fiscal year 2022Revenue307.0 +65.8%Operating income305.2Net income268.5 +146.5%Fiscal year 2023Revenue278.7 −9.2%Operating income292.5Net income278.4 +3.7%Fiscal year 2024Revenue232.4 −16.6%Operating income199.2Net income183.6 −34.0%Fiscal year 2025Operating income144.4Net income136.4 −25.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 242.8 202.8 210.3 120.2 185.2 307.0 278.7 232.4 n/a
Growth −16.5% +3.7% −42.9% +54.1% +65.8% −9.2% −16.6%
Operating income 176.6 192.5 51.3 −43.9 147.8 305.2 292.5 199.2 144.4
Net income 88.7 139.5 −24.5 −84.8 108.9 268.5 278.4 183.6 136.4
Growth +57.4% −117.5% +146.5% +3.7% −34.0% −25.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin72.7%Net margin36.5%Fiscal year 2018Operating margin95.0%Net margin68.8%Fiscal year 2019Operating margin24.4%Net margin−11.6%Fiscal year 2020Operating margin−36.5%Net margin−70.6%Free cash flow margin74.3%Fiscal year 2021Operating margin79.8%Net margin58.8%Free cash flow margin65.8%Fiscal year 2022Operating margin99.4%Net margin87.5%Free cash flow margin86.9%Fiscal year 2023Operating margin105.0%Net margin99.9%Free cash flow margin111.6%Fiscal year 2024Operating margin85.7%Net margin79.0%Free cash flow margin106.9%Fiscal year 2025
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 72.7% 95.0% 24.4% −36.5% 79.8% 99.4% 105.0% 85.7% n/a
Net margin 36.5% 68.8% −11.6% −70.6% 58.8% 87.5% 99.9% 79.0% n/a
Free cash flow margin n/a n/a n/a 74.3% 65.8% 86.9% 111.6% 106.9% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow127.1Fiscal year 2018Operating cash flow188.9Fiscal year 2019Operating cash flow137.3Fiscal year 2020Operating cash flow89.3Capital expenditure0.0Free cash flow89.3Fiscal year 2021Operating cash flow121.8Capital expenditure0.0Free cash flow121.8 +36.4%Fiscal year 2022Operating cash flow266.8Capital expenditure−0.1Free cash flow266.7 +119.0%Fiscal year 2023Operating cash flow311.0Capital expenditure−0.0Free cash flow311.0 +16.6%Fiscal year 2024Operating cash flow248.5Capital expenditure0.0Free cash flow248.5 −20.1%Fiscal year 2025Operating cash flow165.9Capital expenditure0.0Free cash flow165.9 −33.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 127.1 188.9 137.3 89.3 121.8 266.8 311.0 248.5 165.9
Capital expenditure n/a n/a n/a 0.0 0.0 −0.1 −0.0 0.0 0.0
Free cash flow n/a n/a n/a 89.3 121.8 266.7 311.0 248.5 165.9
Growth +36.4% +119.0% +16.6% −20.1% −33.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash27.0Total debt809.3Net cash (debt)−782.4Fiscal year 2018Cash101.8Total debt672.8Net cash (debt)−570.9Fiscal year 2019Cash98.3Total debt516.2Net cash (debt)−417.9Fiscal year 2020Cash99.8Total debt471.5Net cash (debt)−371.7Fiscal year 2021Cash135.5Total debt433.5Net cash (debt)−298.0Fiscal year 2022Cash39.1Total debt168.3Net cash (debt)−129.2Fiscal year 2023Cash12.0Total debt155.1Net cash (debt)−143.1Fiscal year 2024Cash30.4Total debt142.1Net cash (debt)−111.6Fiscal year 2025Cash30.1Total debt33.1Net cash (debt)−2.9
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 27.0 101.8 98.3 99.8 135.5 39.1 12.0 30.4 30.1
Total debt 809.3 672.8 516.2 471.5 433.5 168.3 155.1 142.1 33.1
Net cash (debt) −782.4 −570.9 −417.9 −371.7 −298.0 −129.2 −143.1 −111.6 −2.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
72.7% 95.0% 24.4% −36.5% 79.8% 99.4% 105.0% 85.7% n/a
36.5% 68.8% −11.6% −70.6% 58.8% 87.5% 99.9% 79.0% n/a
n/a n/a n/a 74.3% 65.8% 86.9% 111.6% 106.9% n/a
Spending
7.6% 8.1% 8.0% 11.9% 9.4% 7.1% 9.4% 10.8% n/a
n/a n/a n/a 0.0% 0.0% 0.0% 0.0% 0.0% n/a
Returns
6.4% 10.4% −2.3% −9.2% 11.4% 30.6% 34.9% 23.8% 18.2%
Balance and payout
68.7% 56.4% 53.9% 59.6% 53.9% 26.8% 27.5% 28.7% 15.5%