Filing Flows › Natural Resource Partners LP (NRP) › Q1 2025
Natural Resource Partners LP (NRP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Natural Resource Partners LP (NRP) reported revenue of $51.3M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -17% from the quarter before. Operating margin was 83.7%, net earnings $40.3M (78.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.3M | -17% | -22% |
| Operating profit | $42.9M | -7% | -28% |
| Net earnings | $40.3M | -6% | -28% |
| Operating cash flow | $34.4M | -48% | -52% |
What changed
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.
Questions
What was Natural Resource Partners LP's revenue in the first quarter 2025?
Natural Resource Partners LP (NRP) reported revenue of $51.3M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -17% from the quarter before.
Was Natural Resource Partners LP profitable in the first quarter 2025?
Operating profit was $42.9M (83.7% of revenue) and net earnings $40.3M.