NATURAL RESOURCE PARTNERS LP(NRP)Stock Analysis
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Rank #1,049 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NRP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NATURAL RESOURCE PARTNERS LP (NRP), a Energy sector company. 13F Pro's AI-powered ranking engine scores NRP at 57.4/100 on a 32-signal composite quality model, placing it at rank #1,049 of 2,879 stocks — the top half of the AI-ranked universe. NRP scores in the top quartile across free cash flow (95.6), profitability (95.3), balance sheet strength (94.7). Areas of concern include revenue growth (4.7) and earnings quality (11.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2025), NATURAL RESOURCE PARTNERS LP reports quarterly revenue of $51.3M, net income of $40.3M, an operating margin of 83.7%. Top institutional holders of NRP by reported 13-F value include MORGAN STANLEY, GOLDMAN SACHS GROUP, Corient Private Wealth, based on the most recent SEC filings. NRP trades on the NYSE exchange and files with the SEC under CIK 1171486. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NRP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NATURAL RESOURCE PARTNERS LP directly from SEC EDGAR. NATURAL RESOURCE PARTNERS LP's 13F Pro composite quality score has ranged between 26 and 77 since 2021, currently 57.4 — an improving long-term trajectory across 27 quarterly and live scoring snapshots.
Revenue
Q1 2025
$51.3M
Net Income
Q1 2025
$40.3M
Free Cash Flow
Q1 2025
$34.4M
Operating Margin
Q1 2025
83.7%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-16.6% YoYNet Income
Operating Income
-31.9% YoYTotal Assets
-3.1% YoYTotal Debt
-15.9% YoYOp. Cash Flow
-20.1% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $232.4M -16.6% | $278.7M -9.2% | $307.0M +42.1% | $216.1M +54.7% | $139.7M -45.7% | $257.4M |
| Net Income | — | — | — | — | $-84.8M -246.8% | $-24.5M |
| Operating Income | $199.2M -31.9% | $292.5M -4.2% | $305.2M +106.5% | $147.8M +437.0% | $-43.9M -185.4% | $51.3M |
| Total Assets | $772.9M -3.1% | $797.9M -9.0% | $877.1M -8.0% | $953.8M +3.5% | $921.9M -15.1% | $1.09B |
| Total Debt | $156.3M -15.9% | $185.8M -10.4% | $207.4M -56.1% | $472.6M -7.4% | $510.6M -9.1% | $562.0M |
| Operating Cash Flow | $248.5M -20.1% | $311.0M +16.5% | $266.8M +119.1% | $121.8M +36.4% | $89.3M -35.0% | $137.3M |
AI Insight: NRP Financial Trends
NRP's debt has collapsed 67% from $225M to $75M in seven quarters, but operating income has simultaneously fallen 58% — deleveraging is masking a structurally weakening earnings engine.
• Total debt fell sharply from $225M in Q2 2024 to $75M in Q1 2026, a reduction of $150M (67%) over seven quarters.
• Operating income deteriorated steadily from $50M in Q2 2024 to $21M in Q1 2026, a 58% decline.
• Operating cash flow dropped from a peak of $66M in Q4 2024 to $33M in Q1 2026, cutting generation capacity roughly in half.
⚠ Operating income hit a new low of $21M in Q1 2026 — down from $32M just one quarter prior — signaling accelerating earnings pressure.
⚠ Debt ticked up to $75M in Q1 2026 from $47M in Q4 2025 — first sequential increase in the entire observed period; watch for reversal of deleveraging trend.
⚠ Revenue data is absent from Q2 2025 onward, limiting visibility into top-line trajectory and margin analysis.
AI Insight: NRP Ratio Trends
Data too sparse for confident trend analysis — only operating margin and ROIC visible across a partial 2024–Q1 2025 window.
• Operating margin compressed from 92.3% in Q2 2024 to 74.9% in Q4 2024, a 17.4pp decline over two quarters.
• Operating margin partially recovered to 83.7% in Q1 2025 after the Q4 2024 trough of 74.9%.
• ROIC declined from 89.8% in Q2 2024 to 80.9% in Q3 2024; no subsequent ROIC data is available.
⚠ NPM, ROE, ROA, D/E, and Q2–Q4 2025 operating margin are all absent — profitability and leverage picture is largely incomplete.
⚠ Whether Q1 2025's margin rebound to 83.7% sustained into Q2–Q4 2025 is unconfirmed by available data.
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Available Research
13F Pro tracks comprehensive data for NATURAL RESOURCE PARTNERS LP including:
Top Institutional Holders of NRP
MORGAN STANLEY
$125.7M1,038,915 shGOLDMAN SACHS GROUP INC
$74.6M616,754 shCorient Private Wealth LLC
$74.2M613,072 shProgeny 3, Inc.
$37.8M312,523 shSolidarity Wealth, LLC
$28.5M235,184 shSaber Capital Managment, LLC
$25.3M209,467 shUBS Group AG
$22.2M183,851 shBANK OF AMERICA CORP /DE/
$22.1M183,026 shING GROEP NV
$21.8M180,400 shOakcliff Capital Partners, LP
$12.3M102,057 sh
| Fund | Value | Shares |
|---|---|---|
| MORGAN STANLEY | $125.7M | 1,038,915 |
| GOLDMAN SACHS GROUP INC | $74.6M | 616,754 |
| Corient Private Wealth LLC | $74.2M | 613,072 |
| Progeny 3, Inc. | $37.8M | 312,523 |
| Solidarity Wealth, LLC | $28.5M | 235,184 |
| Saber Capital Managment, LLC | $25.3M | 209,467 |
| UBS Group AG | $22.2M | 183,851 |
| BANK OF AMERICA CORP /DE/ | $22.1M | 183,026 |
| ING GROEP NV | $21.8M | 180,400 |
| Oakcliff Capital Partners, LP | $12.3M | 102,057 |
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Popular Research
Is NRP a good stock to buy?
13F Pro's AI-powered analysis of NATURAL RESOURCE PARTNERS LP (NRP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NRP are available on the NRP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NRP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NRP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NATURAL RESOURCE PARTNERS LP's investment landscape.