NRP (Natural Resource Partners L.P.) Stock Financials & Earnings | Market Cap Arena

NRP (Natural Resource Partners L.P.) Stock Financials & Earnings | Market Cap Arena

NRPNatural Resource Partners L.P.

Mkt Cap$2B

Energy·Coal·🇺🇸 United States·NYSE

Revenue (TTM)$201M

Net Income (TTM)$135M

EPS (TTM)$10.04

Free Cash Flow (TTM)$166M

Gross Margin91.9%

Op. Margin72.7%

Net Margin67.3%

FCF Margin82.6%

P/S Ratio (TTM)8.0x

P/E Ratio (TTM)11.8x

YoY Rev Growth-18.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$80M	$76M	$82M
Q2 23	$64M	$60M	$74M
Q3 23	$73M	$69M	$68M
Q4 23	$76M	$70M	$69M
Q1 24	$71M	$66M	$60M
Q2 24	$57M	$54M	$50M
Q3 24	$52M	$47M	$43M
Q4 24	$65M	$65M	$46M
Q1 25	$56M	$56M	$43M
Q2 25	$47M	$47M	$37M
Q3 25	$50M	$42M	$33M
Q4 25	$48M	$40M	$34M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.8x	5.7x
Q2 23	5.1x	5.6x
Q3 23	5.4x	5.8x
Q4 23	5.4x	5.7x
Q1 24	5.6x	6.3x
Q2 24	5.8x	6.9x
Q3 24	6.2x	7.8x
Q4 24	6.5x	8.7x
Q1 25	7.0x	9.5x
Q2 25	7.3x	10.3x
Q3 25	7.4x	10.8x
Q4 25	8.0x	11.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$73M	$73M
Q2 23	$81M	$81M
Q3 23	$79M	$79M
Q4 23	$78M	$78M
Q1 24	$71M	$71M
Q2 24	$57M	$57M
Q3 24	$54M	$54M
Q4 24	$66M	$66M
Q1 25	$34M	$34M
Q2 25	$46M	$46M
Q3 25	$41M	$41M
Q4 25	$45M	$45M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2K
Q2 23	$8K
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+6.7%	-241.8%
Q2 23	-24.3%	-260.0%
Q3 23	-16.3%	+5.1%
Q4 23	-5.6%	-66.9%
Q1 24	-11.4%	+591.3%
Q2 24	-10.9%	+171.6%
Q3 24	-28.6%	+73.7%
Q4 24	-15.2%	+146.3%
Q1 25	-21.4%	+15.0%
Q2 25	-18.2%	+49.9%
Q3 25	-4.4%	+82.9%
Q4 25	-25.3%	-21.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	3.1%
Q2 23	$3M	4.1%
Q3 23	$3M	3.8%
Q4 23	$3M	3.9%
Q1 24	$3M	4.2%
Q2 24	$3M	5.1%
Q3 24	$3M	5.7%
Q4 24	$2M	3.8%
Q1 25	$3M	4.9%
Q2 25	$3M	5.7%
Q3 25	$3M	5.5%
Q4 25	$6M	11.7%

OpEx Breakdown

Quarter	G&A
Q1 23	$6M
Q2 23	$6M
Q3 23	$6M
Q4 23	$9M
Q1 24	$6M
Q2 24	$6M
Q3 24	$6M
Q4 24	$7M
Q1 25	$7M
Q2 25	$6M
Q3 25	$6M
Q4 25	$6M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$18M	$0	$18M
Q2 23	$11M	$0	$11M
Q3 23	$18M	$0	$18M
Q4 23	$12M	$0	$12M
Q1 24	$11M	$0	$11M
Q2 24	$32M	$0	$32M
Q3 24	$31M	$0	$31M
Q4 24	$30M	$0	$30M
Q1 25	$31M	$0	$31M
Q2 25	$30M	$0	$30M
Q3 25	$31M	$0	$31M
Q4 25	$30M	$0	$30M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	16M	-18.8%
Q2 23	15M	-7.5%
Q3 23	15M	-0.6%
Q4 23	15M	+1.4%
Q1 24	14M	-7.6%
Q2 24	13M	-4.2%
Q3 24	13M	+0.3%
Q4 24	13M	+0.1%
Q1 25	13M	-0.0%
Q2 25	13M	+0.0%
Q3 25	13M	-0.2%
Q4 25	13M	+0.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$4M	89
FY 15	$5M	88
FY 16	$5M	63
FY 17	$5M	64
FY 18	$4M	57
FY 19	$4M	56
FY 20	$2M	54
FY 21	$4M	52
FY 22	$6M	54
FY 23	$5M	55
FY 24	$5M	54
FY 25	$4M	51