Filing Flows › Natural Resource Partners LP (NRP) › Q1 2025 › vs Q4 2024
Natural Resource Partners LP (NRP) Q1 2025 vs Q4 2024 (quarter over quarter)
Natural Resource Partners LP's revenue fell $10.5M (-17%) from $61.8M in Q4 2024 to $51.3M in Q1 2025. Operating margin 83.7% against 74.9% (+8.8 pts).
Natural Resource Partners LP, Q1 2025: revenue $51.3M (-22% year over year), operating margin 83.7%, net earnings $40.3M, operating cash flow $34.4M. The chart draws each line against Q4 2024, the increases inside each band.
Margins
| Q1 2025 | Q4 2024 | Change | |
|---|---|---|---|
| Operating margin | 83.7% | 74.9% | +8.8 pts |
| Net margin | 78.5% | 69.2% | +9.3 pts |
Every line
| Line | Q1 2025 | Q4 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $51.3M | $61.8M | −$10.5M | -17% |
| Operating profit | $42.9M | $46.3M | −$3.4M | -7% |
| Costs & expenses | $8.3M | $15.5M | −$7.1M | -46% |
| Pre-tax earnings | $40.3M | $42.8M | −$2.5M | -6% |
| Other expense, net | $2.7M | $3.5M | −$856K | -24% |
| Net earnings | $40.3M | $42.8M | −$2.5M | -6% |
| Depreciation & amortization | $4.0M | $2.8M | $1.2M | +41% |
| Share-based compensation | $2.7M | $2.4M | $286K | +12% |
| Working capital & other | $12.5M | −$18.2M | $30.7M | — |
| Operating cash flow | $34.4M | $66.2M | −$31.8M | -48% |
Questions
How much did Natural Resource Partners LP's revenue grow quarter over quarter in Q1 2025?
Natural Resource Partners LP's revenue fell $10.5M (-17%) from $61.8M in Q4 2024 to $51.3M in Q1 2025. Operating margin 83.7% against 74.9% (+8.8 pts).