NATURAL RESOURCE PARTNERS LPNRPEarnings & Financial Report
Natural Resource Partners LP is a U.S.-headquartered master limited partnership that owns, manages and leases mineral reserve interests. Its asset portfolio covers coal, aggregates, industrial minerals and oil & gas, with operations primarily across North America, deriving most revenue from royalties paid by third-party resource extraction operators.
NRP Q1 FY2025 Key Financial Metrics
Revenue
$51.3M
Gross Profit
N/A
Operating Profit
$42.9M
Net Profit
$40.3M
Gross Margin
N/A
Operating Margin
83.7%
Net Margin
78.5%
YoY Growth
-21.8%
NATURAL RESOURCE PARTNERS LP Q1 FY2025 Financial Summary
NATURAL RESOURCE PARTNERS LP reported revenue of $51.3M (down 21.8% YoY) for Q1 FY2025, with a net profit of $40.3M (down 28.4% YoY) (78.5% margin).
Key Financial Metrics
| Total Revenue | $51.3M |
|---|---|
| Net Profit | $40.3M |
| Gross Margin | N/A |
| Operating Margin | 83.7% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
NATURAL RESOURCE PARTNERS LP Q1 FY2025 revenue of $51.3M breaks down across 6 segments, led by Coal Royalty Revenues at $35.5M (69.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Coal Royalty Revenues | $35.5M | 69.3% |
| Soda Ash Segment | $4.6M | 9.0% |
| Transportation And Processing Services | $4.4M | 8.6% |
| Production Lease Minimum Revenues | $2.7M | 5.3% |
| Oil And Gas Royalty Revenues | $2.4M | 4.8% |
| Other | $1.6M | 3.0% |
NATURAL RESOURCE PARTNERS LP Revenue by Segment — Quarterly Trend
NATURAL RESOURCE PARTNERS LP revenue by segment across the last 4 reported quarters, showing how each business line (such as Coal Royalty Revenues and Soda Ash Segment) has evolved quarter over quarter.
| Segment | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 |
|---|---|---|---|---|
| Coal Royalty Revenues | $35.5M | $34.9M | $37.6M | $39.7M |
| Soda Ash Segment | $4.6M | — | — | — |
| Transportation And Processing Services | $4.4M | $3.0M | — | $2.7M |
| Production Lease Minimum Revenues | $2.7M | — | — | — |
| Oil And Gas Royalty Revenues | $2.4M | $1.6M | $1.3M | $2.0M |
NATURAL RESOURCE PARTNERS LP Annual Revenue by Year
NATURAL RESOURCE PARTNERS LP annual revenue history includes year-by-year totals (for example, 2024 revenue was $232.4M).
NATURAL RESOURCE PARTNERS LP Quarterly Revenue & Net Profit History
NATURAL RESOURCE PARTNERS LP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2025 | $51.3M | -21.8% | $40.3M | 78.5% |
| Q4 FY2024 | $61.8M | -15.3% | $42.8M | 69.2% |
| Q3 FY2024 | $50.4M | -26.5% | $38.6M | 76.6% |
| Q2 FY2024 | $54.6M | -10.5% | $46.1M | 84.4% |
| Q1 FY2024 | $65.6M | -14.0% | $56.2M | 85.7% |
| Q4 FY2023 | $72.9M | -3.1% | $65.0M | 89.1% |
| Q3 FY2023 | $68.5M | -15.8% | $63.8M | 93.2% |
| Q2 FY2023 | $61.0M | -23.1% | $70.3M | 115.3% |
Income Statement
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.0M | $68.5M | $72.9M | $65.6M | $54.6M | $50.4M | $61.8M | $51.3M |
| YoY Growth | -23.1% | -15.8% | -3.1% | -14.0% | -10.5% | -26.5% | -15.3% | -21.8% |
Balance Sheet
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $820.3M | $815.2M | $797.9M | $772.9M | $789.6M | $772.9M | $772.9M | $772.5M |
| Liabilities | $240.4M | $264.7M | $219.6M | $246.7M | $270.3M | $272.7M | $221.8M | $208.1M |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $81.3M | $78.9M | $77.8M | $71.5M | $56.6M | $54.1M | $66.2M | $34.4M |