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Natural Resource Partners LP (NRP) earnings and revenue breakdown
Latest: Q1 2025 · 10-Q filed May 6, 2025 · Natural Resource Partners LP (NRP) Q1 2025 earnings results →
Q1 2025 Revenue down 22% year over year to $51.3M · 79¢ of every $1 of revenue kept as net profit · operating margin 83.7%
Natural Resource Partners LP made $51.3M in Q1 2025 (-22% Y/Y). Operating margin 83.7%, net earnings $40.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 6, 2025.
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What changed this quarter
Revenue was $51.3M in Q1 2025, down 22% year over year and down 17% from the previous quarter.
Operating profit was $42.9M, a 83.7% margin (down 7.3 points year over year). Total costs grew 42% against a revenue fall of 22%. Net earnings were $40.3M, down 26% year over year. The effective tax rate was 0.0%.
Operating cash flow was $34.4M (down 52% year over year), 86% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $12.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2025 | 10-Q | May 6, 2025 | $51.3M | -22% | 83.7% | $40.3M | $34.4M |
| Q4 2024 | 10-K | Feb 28, 2025 | $61.8M | -15% | 74.9% | $42.8M | $66.2M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About Natural Resource Partners LP
Natural Resource Partners L.P. (the "Partnership") engages principally in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal and other natural resources and owns a non-controlling 49 % interest in Sisecam Wyoming LLC ("Sisecam Wyoming"), a trona ore mining and soda ash production business. The Partnership is organized into two operating segments further described in Note 6. Segment Information . The Partnership’s operations are conducted through, and its operating assets are owned by, its subsidiaries. The Partnership owns its subsidiaries through one wholly owned operating company, NRP (Operating) LLC ("Opco"). As used in these Notes to Consolidated Financial Statements, the terms "NRP," "we," "us" and "our" refer to Natural Resource Partners L.P.
In its own words, from its 10-Q, filed May 6, 2025.
Natural Resource Partners LP against its Bituminous Coal & Lignite Surface Mining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -22% against the peers' median +6%. Operating margin: 83.7% against the peers' median 11.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NRP Natural Resource Partners LP | Q1 2025 | $51.3M | -22% | 83.7% |
| BTU Peabody Energy | Q3 2026 | $1.1B | +8% | -3.9% |
| ARLP Alliance Resource Partners LP | Q3 2026 | $603M | +6% | 24.5% |
| AMR Alpha Metallurgical Resources | Q3 2026 | $562M | +7% | -1.4% |
| NC Nacco Industries | Q3 2026 | $80.5M | +5% | 11.5% |
Source: Natural Resource Partners LP 10-Q on SEC EDGAR · CIK 1171486 · Bituminous Coal & Lignite Surface Mining
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History
Every quarter: Q1 2025 results · Q4 2024 results