NATURAL RESOURCE PARTNERS LP
NRP · Bituminous Coal & Lignite Surface Mining · 13.3M shares · EDGAR filings ↗
Reference price $102.18 · est. market cap ~$1.4B — last insider purchase, 2026-05-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Low-leverage mineral/royalty MLP throwing off strong free cash flow, tempered by heavy commodity-price dependence.
Strengths
- Robust FCF of $165.9M (72nd pct) with a very conservative 0.2x leverage ratio and $211M total liquidity
- Royalty/NPI model carries low capital intensity and diversified coal plus soda-ash exposure
Risks
- Revenues and distributions are highly sensitive to volatile metallurgical/thermal coal and soda-ash prices
- Concentration in a small number of coal lessees and secular ESG/climate headwinds to coal demand
Notable findings
- Revenue declineRevenue -17.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on assets
18.2%
Revenue growth (QoQ)
-17.0%
Net-income growth
-25.7%
Net debt / EBITDA
-0.1×
Current ratio
1.8×
Free cash flow
$166M
EBITDA
$159M
Cash & investments
$30M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-26 | Craig Kevin J | Buy | 336 | $102.18 |
| 2026-02-10 | ROBERTSON CORBIN J JR | Option exercise | 73K | — |
| 2026-02-10 | ROBERTSON CORBIN J JR | Tax withheld | 29K | $123.04 |
| 2026-02-10 | Nunez Craig W | Option exercise | 40K | — |
| 2026-02-10 | Nunez Craig W | Tax withheld | 16K | $123.04 |
| 2026-02-10 | Zolas Christopher | Option exercise | 18K | — |
| 2026-02-10 | Zolas Christopher | Tax withheld | 6.9K | $123.04 |
| 2026-02-10 | WOOTEN GREGORY F | Option exercise | 11K | — |
| 2026-02-10 | WOOTEN GREGORY F | Tax withheld | 4.9K | $123.04 |
| 2026-02-10 | WARMAN PHILIP T | Option exercise | 11K | — |
| 2026-02-10 | WARMAN PHILIP T | Tax withheld | 4.2K | $123.04 |
| 2026-02-10 | Craig Kevin J | Option exercise | 11K | — |
| 2026-02-10 | Craig Kevin J | Tax withheld | 4.9K | $123.04 |
| 2026-02-10 | ROBERTSON CORBIN J III | Option exercise | 1.1K | — |
| 2026-02-10 | Claro Galdino J. | Option exercise | 1.1K | — |
| 2026-02-10 | VECELLIO LEO A JR | Option exercise | 1.1K | — |
| 2026-02-10 | MURPHY PAUL B JR | Option exercise | 1.1K | — |
| 2026-02-10 | NAVARRE RICHARD A | Option exercise | 1.1K | — |
| 2026-02-10 | SMITH STEPHEN P | Option exercise | 1.1K | — |
| 2025-12-31 | ROBERTSON CORBIN J JR | Other | 794 | — |
| 2025-09-08 | WOOTEN GREGORY F | Sell | 8.6K | $100.24 |
| 2025-03-11 | MURPHY PAUL B JR | Gift | 5.0K | — |
| 2025-02-11 | SMITH STEPHEN P | Option exercise | 1.2K | — |
| 2025-02-11 | ROBERTSON CORBIN J III | Option exercise | 1.2K | — |
| 2025-02-11 | Nunez Craig W | Option exercise | 32K | — |
| 2025-02-11 | Nunez Craig W | Tax withheld | 12K | $102.72 |
| 2025-02-11 | Craig Kevin J | Option exercise | 9.1K | — |
| 2025-02-11 | Craig Kevin J | Tax withheld | 3.9K | $102.72 |
| 2025-02-11 | WOOTEN GREGORY F | Option exercise | 9.1K | — |
| 2025-02-11 | WOOTEN GREGORY F | Tax withheld | 4.0K | $102.72 |
| 2025-02-11 | Zolas Christopher | Option exercise | 14K | — |
| 2025-02-11 | Zolas Christopher | Tax withheld | 3.8K | $102.72 |
| 2025-02-11 | WARMAN PHILIP T | Option exercise | 6.4K | — |
| 2025-02-11 | WARMAN PHILIP T | Tax withheld | 2.5K | $102.72 |
| 2025-02-11 | ROBERTSON CORBIN J JR | Option exercise | 58K | — |
| 2025-02-11 | ROBERTSON CORBIN J JR | Tax withheld | 23K | $102.72 |
| 2025-02-11 | Claro Galdino J. | Option exercise | 1.2K | — |
| 2025-02-11 | VECELLIO LEO A JR | Option exercise | 1.2K | — |
| 2025-02-11 | NAVARRE RICHARD A | Option exercise | 1.2K | — |
| 2025-02-11 | MURPHY PAUL B JR | Option exercise | 1.2K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-06 | 2026-05-06 | 0001437749-26-015012 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001437749-26-015150 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001437749-26-006147 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001437749-26-005980 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001437749-25-032873 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001437749-25-032941 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001437749-25-024952 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001437749-25-024999 ↗ |
| 10-Q | 2025-05-06 | 2025-03-31 | 0001437749-25-014693 ↗ |
| 8-K | 2025-05-06 | 2025-05-06 | 0001437749-25-014619 ↗ |
| 10-K | 2025-02-28 | 2024-12-31 | 0001437749-25-005715 ↗ |
| 8-K | 2025-02-28 | 2025-02-28 | 0001437749-25-005572 ↗ |