Natural Resource Partners L.P. (NRP) Stock Price & Analysis
Natural Resource Partners L.P. (NRP) closed at USD 114.77 on Thursday, October 22, 2026, up 0.12% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 114.63; the Oct 22, 2026 session ranged USD 114–117.87 on volume of 39,705 shares. Market capitalization is —, with a 52-week range of USD 95.51–128.6 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NRP.md
Key facts (NRP)
- 1 of 80 tracked superinvestors hold NRP (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $244K; 1 not under a Rule 10b5-1 plan ($244K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $34K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y +15.9% vs S&P 500 +14.9%; 5Y +362.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD —, revenue estimate null.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NRP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $216M | $307M | $279M | $232M | — | — |
| Operating income | $148M | $305M | $293M | $199M | $144M | $112M |
| Net income | $109M | $268M | $278M | $184M | $136M | $107M |
| Free cash flow | $122M | $267M | $311M | $248M | $166M | — |
| Operating margin | 68.4% | 99.4% | 105.0% | 85.7% | — | — |
| Net margin | 50.4% | 87.5% | 99.9% | 79.0% | — | — |
| Revenue growth | +54.7% | +42.1% | -9.2% | -16.6% | — | — |
| Cash + short-term investments | $136M | $39.1M | $12.0M | $30.4M | $30.1M | — |
| Total debt | $434M | $168M | $155M | $142M | $33.1M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NRP)
Superinvestors (SEC 13F-HR, Q2 2026) (NRP)
1 of 80 tracked investors hold NRP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bryan Lawrence | Oakcliff Capital | 3.69% | $9.9M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (NRP)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Wooten Gregory F | Executive Vice President | 2,200 | $244K | 6.3% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (NRP)
1 purchase, $34K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-26 | Craig Kevin J | Executive Vice President | 336 | $34K | 102.18 | Too little history (no open-market trades in 2023–2025) |
Analysts (NRP)
Consensus None.
Total return (dividends reinvested) (NRP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +15.9% | +362.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.0% | +35.7% |
| Volatility (annualized) | 20.9% | 31.8% |
| Max drawdown | -22.9% (Mar 2026→Jul 2026) | -23.3% (May 2022→Jun 2022) |
NRP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Royalty & Other Mineral Rights | $49.1M | — | +10.9% |
| Coal Royalty Revenues | $34.8M | — | +10.3% |
| Minimum Lease Straightline Revenues | $4.0M | — | -0.8% |
| Transportation & Processing Services | $3.4M | — | +67.0% |
| Oil & Gas Royalty Revenues | $2.4M | — | +23.5% |
| Wheelage Revenues | $2.0M | — | -23.0% |
| Property Tax Revenues | $1.7M | — | +12.6% |
| Aggregates Royalty Revenues | $1.2M | — | +37.5% |
| Lease Amendment Revenues | $1.2M | — | +89.3% |
| Coal Overriding Royalty Revenues | $1.0M | — | +128.1% |
| Other Revenues | $318,000 | — | +39.5% |
| Production Lease Minimum Revenues | $251,000 | — | +104.1% |
| Carbon Neutral Revenues | $94,000 | — | -67.6% |
| Total revenue | — | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NRP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Sisecam Wyoming | “Sisecam Wyoming LLC's ("Sisecam Wyoming's") trona mining and soda ash refinery operations; distributions from our soda ash joint venture; the impact of governmental policies, laws and regulations, as well as regulatory and legal proceedings involving us, and of scheduled or potential regulatory or legal changes; and global and U.S. economic conditions.” |
| Partner | GP Natural Resource Partners | “Because our general partner is a limited partnership, its general partner, GP Natural Resource Partners LLC (the "managing general partner"), conducts its business and operations and the board of directors and officers of GP Natural Resource Partners LLC make decisions on our behalf.” |
| Partner | Western Pocahontas Properties | “The senior executives and other officers who manage NRP are employees of Western Pocahontas Properties Limited Partnership or Quintana Minerals Corporation, which are companies controlled by Mr. Robertson, Jr. These officers allocate varying percentages of their time to managing our operations.” |
| Partner | Sisecam Chemicals Wyoming | “Operations are managed by our partner, Sisecam Chemicals Wyoming LLC, and we realize cash flow when distributions are paid to us.” |
| Partner | Quintana Minerals | “The senior executives and other officers who manage NRP are employees of Western Pocahontas Properties Limited Partnership or Quintana Minerals Corporation, which are companies controlled by Mr. Robertson, Jr. These officers allocate varying percentages of their time to managing our operations.” |
| Partner | SCW | “SCW LLC, our operating partner, controls and operates Sisecam Wyoming.” |
| Partner | Delaware Revised Uniform | “In addition, Section 17-607 of the Delaware Revised Uniform Limited Partnership Act provides that under some circumstances, a unitholder may be liable to us for the amount of a distribution for a period of three years from the date of the distribution.” |
| Partner | GP | “NRP (GP) LP, our general partner (the "general partner" or "NRP GP"), has sole responsibility for conducting our business and for managing our operations.” |
Quoted from the company's 10-K filed Feb 27, 2026.
Companies that name NRP in their SEC reports
| Relationship to NRP | Company | Filing | Sentence |
|---|---|---|---|
| partner | ALLIANCE RESOURCE PARTNERS LP (ARLP) | 10-K Feb 26, 2026 | “For 2025, the peer group consisted of the following companies: Alpha Metallurgical Resources, Inc., Black Stone Minerals, L.P., CORE Natural Resources, Inc., Dorchester Minerals, L.P., Kimbell Royalty Partners, LP, Natural Resource Partners L.P., Peabody, Sitio Royalties Corp., and Warrior Met Coal, Inc. In assessing the competitiveness of our executive compensation program for 2025, the Compensation Committee, wi…” |
NRP customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (26%, 26%, 11%) of revenue, per the company's 10-Q filed Aug 5, 2026. The company does not name them.
NRP options: expected move
Options price a move of about ±7.2% (±$8.30) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±3.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 31.3% | ±7.2% |
| Dec 18, 2026 | 56 | 27.8% | ±8.8% |
| Jan 15, 2027 | 84 | 28.0% | ±10.8% |
| Apr 16, 2027 | 175 | 28.0% | ±15.2% |
30-day implied volatility 33.5% vs 16.9% realized over the last 30 trading days. Put/call ratio (volume) 1.05. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 114.77 |
|---|---|
| Change | ▲ 0.12% (up) |
| Previous Close | USD 114.63 |
| Open | USD 114.7 |
| Day Range | USD 114 – 117.87 |
| 52-Week Range | USD 95.51 – 128.6 |
| Volume | 39,705 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (NRP)
Nexqual's technical model rates NRP "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 62.29 (neutral) |
| vs SMA50 | Above (USD 109.84) |
| MACD | 1.39 (positive) |
Analyst Ratings (NRP)
Wall Street analysts rate NRP "None", per Nexqual as of October 23, 2026 at 10:37 UTC.
| Consensus Rating | None |
|---|
Earnings (NRP)
| Next Earnings Date | 2026-11-04 |
|---|
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (NRP)
| Total Revenue | $199.96M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.10% |
| Gross Margin | +87.62% |
| Operating Margin | +58.69% |
| Profit Margin | +52.29% |
| ROE | +17.20% |
| Debt / Equity | 0.05 |
| Current Ratio | 2.12 |
| Total Cash | $30.13M |
| Total Debt | $30.75M |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financial Health Score (NRP)
Nexqual rates Natural Resource Partners L.P.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Solid — Revenue +13% YoY (latest Q) |
|---|---|
| Profitability | Strong — Gross margin 88%, operating 59% (last 12 months) |
| Balance Sheet | Strong — $30M cash and investments vs $27M debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — Operating cash flow $166M (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE 17%, ROA 10.5% |
Ownership (NRP)
| Insider Ownership | +24.55% |
|---|---|
| Institutional Ownership | +37.84% |
| Float | 9.97M |
| Short % of Float | +3.40% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Leadership (NRP)
Natural Resource Partners L.P. is led by Corbin J. Robertson, Chairman & CEO of GP Natural Resource Partners LLC, per Nexqual as of October 23, 2026 at 10:37 UTC.
| Chairman & CEO of GP Natural Resource Partners LLC | Corbin J. Robertson |
|---|---|
| President & COO of GP Natural Resource Partners LLC | Craig W. Nunez |
| Chief Financial Officer of GP Natural Resource Partners LLC | Christopher J. Zolas |
| Executive Vice President of GP Natural Resource Partners LLC | Kevin Joseph Craig |
| Executive Vice President of Business Development of GP Natural Resource Partners LLC | Gregory F. Wooten |
Major Backers & Investors (NRP)
Notable institutional backers of Natural Resource Partners L.P. include Morgan Stanley, Goldman Sachs, Corient Private Wealth LP, according to Nexqual as of October 23, 2026 at 10:37 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 8.11% |
| Goldman Sachs | 4.59% |
| Corient Private Wealth LP | 4.47% |
| UBS Group AG | 2.64% |
| Solidarity Wealth, LLC | 2.04% |
| Progeny 3, Inc. | 1.73% |
| Saber Capital Managment, LLC | 1.62% |
| ING Groep N.V. | 1.5% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Legal & Regulatory Risks from Natural Resource Partners L.P.'s Latest 10-K (filed 2026-02-27)
- Changes to trade regulations, including trade restrictions, sanctions, tariffs, or duties, could significantly harm our results of operations.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CNR | Core Natural Resources, Inc. | USD 88.35 | ▲ 0.91% |
| ARLP | Alliance Resource Partners, L.P | USD 25.85 | ▲ 0.47% |
| BTU | Peabody Energy Corporation | USD 22.43 | ▼ 0.04% |
| XOM | ExxonMobil Holdings Corporation | USD 178.23 | ▲ 0.08% |
| CVX | Chevron Corporation | USD 226.68 | ▼ 0.04% |
| SHEL | Shell PLC | USD 105.8 | ▲ 0.42% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
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