NATURAL RESOURCE PARTNERS LP (NRP) Fundamental Analysis & Valuation

NYSE:NRP • US63900P6088

118.08 USD
-1.33 (-1.11%)
Last: Mar 13, 2026, 08:04 PM
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This NRP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall NRP gets a fundamental rating of 5 out of 10. We evaluated NRP against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While NRP belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NRP has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. NRP Profitability Analysis

1.1 Basic Checks

  • In the past year NRP was profitable.
  • In the past year NRP had a positive cash flow from operations.
  • Each year in the past 5 years NRP has been profitable.
  • In the past 5 years NRP always reported a positive cash flow from operatings.
NRP Yearly Net Income VS EBIT VS OCF VS FCFNRP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • The Return On Assets of NRP (17.86%) is better than 95.17% of its industry peers.
  • The Return On Equity of NRP (21.13%) is better than 88.41% of its industry peers.
  • NRP has a better Return On Invested Capital (15.74%) than 93.72% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NRP is in line with the industry average of 22.51%.
  • The last Return On Invested Capital (15.74%) for NRP is well below the 3 year average (22.37%), which needs to be investigated, but indicates that NRP had better years and this may not be a problem.
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROIC 15.74%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
NRP Yearly ROA, ROE, ROICNRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

1.3 Margins

  • NRP has a Profit Margin of 65.06%. This is amongst the best in the industry. NRP outperforms 95.65% of its industry peers.
  • In the last couple of years the Profit Margin of NRP has grown nicely.
  • NRP has a Operating Margin of 69.37%. This is amongst the best in the industry. NRP outperforms 96.62% of its industry peers.
  • NRP's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 69.37%
PM (TTM) 65.06%
GM N/A
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NRP Yearly Profit, Operating, Gross MarginsNRP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. NRP Health Analysis

2.1 Basic Checks

  • NRP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • NRP has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NRP has been increased compared to 5 years ago.
  • The debt/assets ratio for NRP has been reduced compared to a year ago.
NRP Yearly Shares OutstandingNRP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
NRP Yearly Total Debt VS Total AssetsNRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

2.2 Solvency

  • NRP has a debt to FCF ratio of 0.20. This is a very positive value and a sign of high solvency as it would only need 0.20 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.20, NRP belongs to the top of the industry, outperforming 89.86% of the companies in the same industry.
  • NRP has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • NRP has a better Debt to Equity ratio (0.03) than 82.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Altman-Z N/A
ROIC/WACC1.78
WACC8.82%
NRP Yearly LT Debt VS Equity VS FCFNRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • NRP has a Current Ratio of 1.85. This is a normal value and indicates that NRP is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.85, NRP is in the better half of the industry, outperforming 73.43% of the companies in the same industry.
  • NRP has a Quick Ratio of 1.85. This is a normal value and indicates that NRP is financially healthy and should not expect problems in meeting its short term obligations.
  • NRP has a Quick ratio of 1.85. This is in the better half of the industry: NRP outperforms 75.85% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
NRP Yearly Current Assets VS Current LiabilitesNRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. NRP Growth Analysis

3.1 Past

  • NRP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.91%.
  • The Earnings Per Share has been decreasing by -5.40% on average over the past years.
  • The Revenue for NRP has decreased by -21.95% in the past year. This is quite bad
  • Measured over the past years, NRP shows a quite strong growth in Revenue. The Revenue has been growing by 8.01% on average per year.
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NRP Yearly Revenue VS EstimatesNRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
NRP Yearly EPS VS EstimatesNRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2023 2024 2025 0 5 -5 10

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5

4. NRP Valuation Analysis

4.1 Price/Earnings Ratio

  • NRP is valuated reasonably with a Price/Earnings ratio of 11.76.
  • NRP's Price/Earnings ratio is a bit cheaper when compared to the industry. NRP is cheaper than 78.26% of the companies in the same industry.
  • NRP is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.76
Fwd PE N/A
NRP Price Earnings VS Forward Price EarningsNRP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NRP is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, NRP is valued cheaper than 88.41% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.35
EV/EBITDA 9.98
NRP Per share dataNRP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The excellent profitability rating of NRP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. NRP Dividend Analysis

5.1 Amount

  • NRP has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.40, NRP has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, NRP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.51%

5.2 History

  • The dividend of NRP has a limited annual growth rate of 4.13%.
  • NRP has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NRP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.13%
Div Incr Years4
Div Non Decr Years4
NRP Yearly Dividends per shareNRP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 42.23% of the earnings are spent on dividend by NRP. This is a bit on the high side, but may be sustainable.
DP42.23%
EPS Next 2YN/A
EPS Next 3YN/A
NRP Yearly Income VS Free CF VS DividendNRP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M
NRP Dividend Payout.NRP Dividend Payout, showing the Payout Ratio.NRP Dividend Payout.PayoutRetained Earnings

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NRP Fundamentals: All Metrics, Ratios and Statistics

NATURAL RESOURCE PARTNERS LP

NYSE:NRP (3/13/2026, 8:04:00 PM)

118.08

-1.33 (-1.11%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-04
Inst Owners37.42%
Inst Owner Change7.31%
Ins Owners2.92%
Ins Owner Change1.88%
Market Cap1.55B
Revenue(TTM)205.40M
Net Income(TTM)133.64M
Analysts80
Price TargetN/A
Short Float %2.34%
Short Ratio5.66
Dividend
Industry RankSector Rank
Dividend Yield 2.51%
Yearly Dividend4.31
Dividend Growth(5Y)4.13%
DP42.23%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-10
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 11.76
Fwd PE N/A
P/S 7.55
P/FCF 9.35
P/OCF 9.35
P/B 2.45
P/tB 2.5
EV/EBITDA 9.98
EPS(TTM)10.04
EY8.5%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)12.62
FCFY10.69%
OCF(TTM)12.62
OCFY10.69%
SpS15.63
BVpS48.14
TBVpS47.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number104.28
Profitability
Industry RankSector Rank
ROA 17.86%
ROE 21.13%
ROCE 19.92%
ROIC 15.74%
ROICexc 16.43%
ROICexgc 16.72%
OM 69.37%
PM (TTM) 65.06%
GM N/A
FCFM 80.75%
ROA(3y)20.72%
ROA(5y)19.35%
ROE(3y)27.57%
ROE(5y)27.26%
ROIC(3y)22.37%
ROIC(5y)22.1%
ROICexc(3y)23.06%
ROICexc(5y)23.31%
ROICexgc(3y)23.49%
ROICexgc(5y)23.75%
ROCE(3y)28.31%
ROCE(5y)27.98%
ROICexgc growth 3Y-19.42%
ROICexgc growth 5Y11.47%
ROICexc growth 3Y-19.37%
ROICexc growth 5Y11.59%
OM growth 3Y-4.46%
OM growth 5Y1.18%
PM growth 3Y2.6%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.2
Debt/EBITDA 0.12
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 17.76
Cash Conversion 105.35%
Profit Quality 124.11%
Current Ratio 1.85
Quick Ratio 1.85
Altman-Z N/A
F-Score5
WACC8.82%
ROIC/WACC1.78
Cap/Depr(3y)0.02%
Cap/Depr(5y)0.1%
Cap/Sales(3y)0%
Cap/Sales(5y)0.01%
Profit Quality(3y)148.61%
Profit Quality(5y)144.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.91%
EPS 3Y-5.4%
EPS 5YN/A
EPS Q2Q%-27.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.95%
Revenue growth 3Y-19.1%
Revenue growth 5Y8.01%
Sales Q2Q%-28.94%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.72%
EBIT growth 3Y-22.71%
EBIT growth 5Y9.29%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-33.25%
FCF growth 3Y-14.64%
FCF growth 5Y13.18%
OCF growth 1Y-33.25%
OCF growth 3Y-14.65%
OCF growth 5Y13.18%

NATURAL RESOURCE PARTNERS LP / NRP FAQ

What is the ChartMill fundamental rating of NATURAL RESOURCE PARTNERS LP (NRP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to NRP.


What is the valuation status for NRP stock?

ChartMill assigns a valuation rating of 5 / 10 to NATURAL RESOURCE PARTNERS LP (NRP). This can be considered as Fairly Valued.


What is the profitability of NRP stock?

NATURAL RESOURCE PARTNERS LP (NRP) has a profitability rating of 8 / 10.


What are the PE and PB ratios of NATURAL RESOURCE PARTNERS LP (NRP) stock?

The Price/Earnings (PE) ratio for NATURAL RESOURCE PARTNERS LP (NRP) is 11.76 and the Price/Book (PB) ratio is 2.45.


Can you provide the dividend sustainability for NRP stock?

The dividend rating of NATURAL RESOURCE PARTNERS LP (NRP) is 5 / 10 and the dividend payout ratio is 42.23%.