NYSE · Thermal Coal · USD

Natural Resource Partners L.P. (NRP) Stock Analysis

Natural Resource Partners L.P. (NRP) is a Thermal Coal stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NRP

$114.63

+$0.69 (+0.61%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NRP Key Statistics

As of Oct 21, 2026

Trading

Open: $114.99
Previous Close: $113.94
Day's Range: 114.50–117.10
52-Week Range: 95.51–128.60
Volume: 20.21K
Beta: 0.24

Valuation

P/E Ratio: 14.62
EPS (ttm): 7.84

Financials (FY)

Revenue (FY): $202.34M−17.42%
Net Income (FY): $136.37M−25.74%
Profit margin: 52.29%
1-Year Return: +12.33%

Dividend and dates

Dividend: $3.00+2.63%
Ex-Dividend Date: August 18, 2026
Earnings Date: November 4, 2026
Avg Volume: 35.50K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NRP closed at $114.63, +12.33% over 1 year.

In fiscal 2025, NRP reported revenue of $202.34M.

NRP Stock Return by Calendar Year

Natural Resource Partners L.P. (NRP) 10-year return: what $10,000 became

1 year: $10,000 $11,233; +12.33%
5 years: $10,000 $45,780; +357.80%
10 years: $10,000 $73,439; +634.39%

If you had invested $10,000 in Natural Resource Partners L.P. (NRP) 10 years ago, at the close on October 21, 2016, it would have been worth $73,439 at the close on October 21, 2026: +634.39% in total, +22.07% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−43.26%+164.73%+11.35%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+11.35%
2025	−1.93%
2024	+27.43%
2023	+87.03%
2022	+72.85%
2021	+164.73%
2020	−25.28%
2019	−43.26%
2018	+55.86%
2017	−14.50%
2016 (partial year)	+20.61%

As of October 21, 2026.

NRP Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$202.34M	$136.37M	67.4%
2024	$245.03M	$183.64M	74.9%
2023	$293.66M	$278.44M	94.8%
2022	$328.09M	$268.49M	81.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$202.34M	—	$139.43M	$136.37M	67.4%
2024	$245.03M	—	$176.31M	$183.64M	74.9%
2023	$293.66M	$275.17M	$216.74M	$278.44M	94.8%
2022	$328.09M	$305.57M	$248.81M	$268.49M	81.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NRP Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$4.21−22.6% vs 2024

Dividends per share, 2025 · 5 payments

Year	Dividends per share	Payments	Change
2026*	$2.37	4	—
2025	$4.21	5	−22.6%
2024	$5.44	5	+0.2%
2023	$5.43	5	+101.1%

Year	Dividends per share	Payments	Change
2026 (partial year)	$2.37	4	—
2025	$4.21	5	−22.6%
2024	$5.44	5	+0.2%
2023	$5.43	5	+101.1%
2022	$2.70	4	+50.0%
2021	$1.80	4	+33.3%
2020	$1.35	3	−49.1%
2019	$2.65	4	+47.2%
2018	$1.80	4	+0.0%
2017	$1.80	4	+300.0%
2016	$0.45	1	—

Most recent payment: $0.59 per share, ex-dividend August 18, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NRP Valuation vs Thermal Coal Median

Median of 5 stocks

Metric	NRP	Thermal Coal median	vs median
P/E	14.62	14.45	1% above
Profit margin	52.29%	6.21%	46.1 pts above

Medians across 5 Thermal Coal stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The record here covers Natural Resource Partners L.P., ticker NRP. It is classified in the Thermal Coal industry, within the Energy sector.

NRP last closed at $114.63 on October 21, 2026. That is +$0.69 (+0.61%) against the previous close. Over the past 52 weeks the price has ranged from $95.51 to $128.60. The latest close sits 20.02% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $202.34M. That is −17.42% against the prior fiscal year, when revenue was $245.03M. The same year closed with net income of $136.37M. That is −25.74% against the prior fiscal year. Profit margin runs at 52.29%. That is 46.1 percentage points above the Thermal Coal median of 6.21%. Trailing earnings per share are 7.84.

Across the 4 fiscal years on file, revenue moves from $328.09M in 2022 to $202.34M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 14.62 times earnings. That is 1.21% above the Thermal Coal median of 14.45. 5 Thermal Coal companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +12.33%. Across 10 years the annualized return works out at +22.07%. Beta against the wider market is reported at 0.24. Daily returns over the trailing 10 years annualize to a volatility of 38.37%.

Growth & Income

NRP pays a dividend yielding 2.63%. The indicated annual rate is $3.00 a share. The ex-dividend date on file is August 18, 2026. Dividends are recorded for 11 calendar years; 2026 shows 4 payments totalling $2.37 a share. The year before, 2025, totalled $4.21 a share.

Across the complete calendar years on file, 2021 returned +164.73% and 2019 returned −43.26%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the total return is +11.35%.

Peer Comparison

Natural Resource Partners L.P. (NRP) operates in the Thermal Coal industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Natural Resource Partners L.P.	NRP	—	14.6
Core Natural Resources, Inc.	CNR	$4.33B	44.1
Alliance Resource Partners, L.P.	ARLP	$3.31B	12.6
Peabody Energy Corporation	BTU	$3.07B	—

The Thermal Coal industry average P/E ratio is 14.4x. Natural Resource Partners L.P. trades at a P/E of 14.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Natural Resource Partners L.P.

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana. It leases a portion of its reserves in exchange for royalty payments; and owns and leases transportation and processing infrastructure related to coal properties. Natural Resource Partners L.P. was incorporated in 2002 and is headquartered in Houston, Texas.

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