Natural Resource Partners
Monetizes U.S. mineral rights and holds a Sisecam Wyoming soda-ash interest.
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Profile
Monetizes U.S. mineral interests through leases and royalties instead of running mines. Its current two segments pair Mineral Rights with a non-controlling Sisecam Wyoming soda-ash interest, while underlying rights also create documented carbon-sequestration and renewable-energy opportunities.
Owns, manages and leases mineral interests across the United States rather than operating extraction sites. Its Mineral Rights segment earns lease and royalty income from properties tied to coal and other natural resources. The estate’s subsurface rights support documented carbon-sequestration and renewable-energy opportunities. The property-owner model leaves extraction to lessees.
The Soda Ash segment consists of a 49 percent non-controlling interest in Sisecam Wyoming’s soda-ash operation. The partnership is managed through a layered general-partner structure, and its properties are supported by employees of general-partner affiliates rather than a conventional direct workforce.
Company facts
Key statistics
Year to date +7.9% · Average volume (30d) 49.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.30 | $1.85 | +516.7% | $37.7M | $48.1M | +27.6% | +8.31% |
| May 6, 2026Q1 FY26 | $0.25 | $1.44 | +476.0% | $37.8M | $47.2M | +24.8% | −1.70% |
| Feb 27, 2026Q4 FY25 | $1.60 | $2.27 | +41.9% | $54.9M | $48.4M | −11.8% | −1.50% |
| Nov 4, 2025Q3 FY25 | — | $2.28 | — | — | $49.9M | — | +1.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $55.7M | $46.8M | $49.9M | $48.4M | $47.2M | $48.1M | |
| Gross profit | $48.9M | $42.7M | $42.3M | $39.8M | $33.5M | $42.4M | |
| Operating income | $42.9M | $36.6M | $32.7M | $33.8M | $28.4M | $26.2M | |
| Net income | $40.3M | $34.2M | $30.3M | $30.4M | $19.2M | $24.7M | |
| Diluted EPS | $2.97 | $2.52 | $2.28 | $2.27 | $1.44 | $1.85 | |
| Gross margin | 87.8% | 91.1% | 84.7% | 82.2% | 70.9% | 88.1% | |
| Operating margin | 77.1% | 78.1% | 65.5% | 69.9% | 60.2% | 54.5% |
Fiscal years (4-quarter sums)FY21 $194.2M · FY22 $328.1M · FY23 $293.7M · FY24 $245.0M · FY25 $200.9M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $30.1M · Total debt $27.4M · Total assets $757.5M · Shareholders' equity $650.1M
Dividends
Raised for 9 straight years — most recently to $0.75 from $0.45 in May 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 25 | $0.75 | |
| May 19, 2026 | May 19 | May 26 | $0.75 | |
| Mar 10, 2026 | Mar 10 | Mar 17 | $0.12 | special dividend |
| Feb 17, 2026 | Feb 17 | Feb 24 | $0.75 | |
| Nov 18, 2025 | Nov 18 | Nov 25 | $0.75 | |
| Aug 19, 2025 | Aug 19 | Aug 26 | $0.75 | |
| May 20, 2025 | May 20 | May 27 | $0.75 | |
| Mar 11, 2025 | Mar 11 | Mar 18 | $1.21 | special dividend |
Ownership
Shares outstanding 13.25M · Float 9.97M · 75.3% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 1.04M | 7.84% | 13F | May 15, 2026 |
| Goldman Sachs Group Inc | 616.8K | 4.65% | 13F | May 15, 2026 |
| Ci Private Wealth, LLC | 613.1K | 4.63% | 13F | May 15, 2026 |
| Progeny 3, Inc. | 312.5K | 2.36% | 13F | May 15, 2026 |
| Solidarity Wealth, LLC | 235.2K | 1.77% | 13F | Apr 29, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Gregory F. Wooten | officer: Executive Vice President | −2,200 | $110.89 |
| May 26, 2026 | Kevin J. Craig | officer: Executive Vice President | +336 | $102.18 |
| Sep 8, 2025 | Gregory F. Wooten | officer: Senior VP, Chief Engineer | −8,607 | $100.24 |
Peers
- Black Stone Minerals
U.S. mineral and royalty platform focused on oil and natural gas
- Core Natural Resources
U.S. coal producer active in metallurgical and thermal coal markets
- Viper Energy
Permian-focused owner and acquirer of oil and gas mineral royalties
- Kimbell Royalty Partners
Large U.S. owner and acquirer of oil and gas mineral royalties
- Alliance Resource Partners
Eastern U.S. coal producer with owned and leased coal resources
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Natural Resource Partners | $112.72 | +0.40% | $1.49B | 14.4 | — | 7.7 | +2.7% |
| Black Stone Minerals | $14.75 | 0.00% | $3.13B | 12.2 | 14.1 | 6.5 | +39.6% |
| Core Natural Resources | $100.96 | 0.00% | $5.09B | 50.7 | 23.1 | 1.2 | +3.5% |
| Viper Energy | $44.18 | 0.00% | $15.91B | 339.8 | 18.6 | 8.1 | +135.9% |
| Kimbell Royalty Partners | $15.46 | +3.85% | $1.47B | 22.8 | 14.7 | 4.0 | +30.0% |
| Alliance Resource Partners | $26.29 | −0.00% | $3.37B | 12.7 | 8.4 | 1.5 | +0.8% |
| Median | 22.8 | 14.7 | 4.0 | +30.0% |