SequelSEC

NATURAL RESOURCE PARTNERS LP NRP

Bituminous Coal & Lignite Surface Mining · CIK 0001171486 · Fiscal year ends 1231

Revenue
$232.35M
Fiscal year ended 2024-12-31
Operating income
$199.20M
Fiscal year ended 2024-12-31
Free cash flow
$248.49M
Fiscal year ended 2024-12-31

Valuation, from the filing

Public float$947.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$71.47Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today.

Valuation over time

1.8× earnings today, against a median of 1.8× across 3 years on record. In line with its own history.

Float measuredPublic floatFloat / net income
2018-06-30$248.40M1.8×
2017-06-30$218.00M2.5×
2016-06-30$119.70M1.2×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Bituminous Coal & Lignite Surface Mining filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Current ratio2.00x25th
Revenue YoY growth-16.6%25th

NATURAL RESOURCE PARTNERS LP (NRP) reported revenue of $232.35M for the fiscal year ended 2024-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NATURAL RESOURCE PARTNERS LP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Bituminous Coal & Lignite Surface Mining.

Income

NATURAL RESOURCE PARTNERS LP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Revenue$232.35M$278.73M$307.01M$185.20M$120.17M$257.44M$251.07M$242.78M$250.18M$432.75M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$199.20M$292.54M$305.23M$147.78M-$43.85M$51.32M$192.54M$176.56M$181.16M-$170.43M
Net incomeUnavailableUnavailableUnavailableUnavailable-$84.82M-$24.46M$139.54M$88.67M$96.89M-$571.72M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expenseUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$25.15M$26.11M$21.85M$17.36M$14.29M$16.73M$16.50M$18.50M$16.98M$7.04M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

NATURAL RESOURCE PARTNERS LP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Cash & equivalents$30.44M$11.99M$39.09M$135.52M$99.79M$98.26M$101.84M$26.98M$40.37M$41.20M
Total assets$772.91M$797.88M$877.13M$953.82M$921.88M$1.09B$1.34B$1.39B$1.45B$1.67B
Current assets$63.87M$55.29M$83.61M$162.78M$117.19M$132.08M$242.54M$91.40M$105.39M$121.13M
Total liabilities$221.80M$219.64M$235.09M$513.89M$549.02M$585.29M$756.51M$953.92M$1.30BUnavailable
Current liabilities$31.86M$49.84M$60.23M$64.38M$61.37M$62.71M$148.75M$120.55M$189.15M$136.41M
Total equity incl. NCIUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Temporary (mezzanine) equity$0$47.18M$164.59M$183.91M$168.34M$164.59M$164.59M$173.43M$0Unavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$7.55M$6.89M$7.84M
Accounts receivable$31.47M$41.09M$42.70M$24.54M$12.32M$30.87M$32.06M$24.05M$43.20M$43.63M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$0
Long-term debt$127.88M$124.27M$129.20M$394.44M$432.44M$470.42M$557.57M$729.61M$990.23M$1.19B
Accounts payable$909.00K$885.00K$1.99M$1.96M$1.38M$1.18M$2.41M$1.01M$6.23M$5.02M

Cash flow

NATURAL RESOURCE PARTNERS LP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Operating cash flow$248.49M$310.98M$266.84M$121.80M$89.27M$137.31M$188.92M$127.14M$107.96M$203.42M
Capital expenditures$0$10.00K$118.00K$0$0Unavailable$0$0$28.00K$9.61M
Investing cash flow$7.51M$5.42M$2.69M$2.41M$1.68M$7.59M$190.63M$3.54M$166.82M-$30.27M
Financing cash flow-$237.55M-$343.50M-$365.96M-$88.49M-$89.43M-$252.67M-$203.35M-$141.23M-$286.18M-$171.46M
Net change in cash$18.46M-$27.10M-$96.43M$35.73M$1.52M-$107.76M$176.20M-$10.54M-$11.40M$1.70M
Stock-based compensation$11.31M$10.91M$5.77M$4.04M$3.57M$2.36M$1.43M$18.00K$1.22MUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$15.54M$18.49M$22.52M$19.08M$9.20M$14.93M$21.69M$23.41M$28.58M$57.30M

Derived

NATURAL RESOURCE PARTNERS LP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Free cash flow$248.49M$310.97M$266.72M$121.80M$89.27MUnavailableUnavailableUnavailable$107.93M$193.82M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailable99.4%79.8%-36.5%19.9%76.7%72.7%72.4%-39.4%
FCF marginUnavailableUnavailable86.9%65.8%74.3%UnavailableUnavailableUnavailable43.1%44.8%
SBC / revenueUnavailableUnavailable1.9%2.2%3.0%0.9%0.6%0.0%0.5%Unavailable
Current ratio2.00x1.11x1.39x2.53x1.91x2.11x1.63x0.76x0.56x0.89x
Revenue YoY growth-16.6%-9.2%65.8%54.1%-53.3%2.5%3.4%-3.0%-42.2%Unavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable55.6%36.5%38.7%-132.1%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailable0.0%0.0%0.0%UnavailableUnavailableUnavailable0.0%2.2%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NRP in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-06View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.