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Natural Resource Partners L.P. (NRP)

NYSE: NRP · Bituminous Coal & Lignite Surface Mining · Houston, TX · filing with the SEC since 2002
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Grade5.7
◀ Past 5.2● Present 6.3▶ Future 5.7
3 est.
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The grade of Natural Resource Partners L.P.

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past5.240% of the headline
● Present6.335% of the headline
▶ Future5.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 78th percentile among 9 sector filers · read for itself

From the record

Natural Resource Partners L.P.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+2.3% a year over 7 filed years; profitable in 5 of 7.

weight 33% of this tense · 48th percentile among 9 sector filers · read for its customers

From the record

Natural Resource Partners L.P.'s 7 filed years say what it did: revenue went from $203 million in fiscal 2018 to $232 million in fiscal 2024, up 2.3% a year; it rose in 3 of 6 years; the deepest fall was 43% from fiscal 2019 to fiscal 2020; net income was positive in 5 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span2.3%bottom 31% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profittop 39% of its family
  • the deepest fall from a revenue peak42.9%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 9 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Natural Resource Partners L.P.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.3/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
5.0/10

Is it financially healthy right now?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 8 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Natural Resource Partners L.P.'s financial health is put at 5.0 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
6.0/10

How strong is its position in its industry?

top 40% of 8 in its family; net margin 79%.

weight 33% of this tense · 60th percentile among 8 sector filers · read for its customers

From the record

Natural Resource Partners L.P.'s standing among 8 graded names in its industry family: revenue of $232 million in fiscal 2024 ranks in the bottom 6% by size; a net margin of 79% ranks in the top 6%; revenue growth of 7.9% a year over the last 3 filed years ranks in the top 19% (its annual reports).

What it rests on

  • revenue against the family$232Mbottom 6% of its family
  • net margin79.0%top 6% of its family
  • three-year revenue growth7.9%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
9.3/10

What are the people in charge doing?

top 7% of 8 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 93rd percentile among 8 sector filers · read for its shareholders

From the record

Natural Resource Partners L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Robertson, Corbin J Jr (Chairman and CEO, as filed), filing under that title since 2006-02-14, 20.7 years (top 6% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 13 years (top 7%); no officer or director change was reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge0 in three years among 12 peopletop 6% of its family
  • the median years the people in charge have filed13.0 yearstop 7% of its family
  • the chief executive's years on the record20.7 yearstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.7/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
5.0/10

How much room does it have to grow?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 50th percentile among 9 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 50% of 9 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 9 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Natural Resource Partners L.P.'s room to expand is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 50% of 9 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 8 in its family for growth drivers.

weight 33% of this tense · 63rd percentile among 8 sector filers · read for its customers

From the record

Natural Resource Partners L.P.'s growth drivers, from the filed years to fiscal 2024: revenue grew 7.9% a year over the last three filed years against 2.3% over all 7, speeding up (top 19% of its family); the newest year grew -16.6% (bottom 44%) (its annual reports). Natural Resource Partners L.P. reported 2 lines of business in fiscal 2025: Mineral Rights at $204 million, Soda Ash at $3 million. 0 of 2 grew in the latest filed year, and the largest line is 99% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+5.6 points a yeartop 19% of its family
  • the newest year's revenue growth-16.6%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 43% of 8 in its family for expectations against reality.

weight 45% of this tense · 57th percentile among 8 sector filers · read for its shareholders

From the record

Natural Resource Partners L.P.'s newest year against its own record: revenue of $232 million in fiscal 2024 came in 32.1% below the $342 million its prior three years' pace pointed to (bottom 6% of its family); net income of $184 million against a prior three-year average of $219 million (top 17%); a net margin of 79% against 82% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-32.1%bottom 6% of its family
  • net income against the prior three years' average-16%top 17% of its family
  • net margin against its prior average-3.0 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NRP · research, not advice