Natural Resource Partners L.P., (NRP) Fair Value & Analysis
Energy · US · Market cap $1.3B
Natural Resource Partners L.P.,
NRP · US
Fair value as of: Jun 24, 2026
From 23 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from $99.24 to $84.39 (−15.0%) since Jun 23, 2026. Share price −4.2% over the past month.
Price vs Fair Value (12 months)
12‑month range $92.45 – $125.62 · fair‑value band $63.29 – $110.65 · the $100.40 price screens above the $84.39 fair value. As of Jun 24, 2026.
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Natural Resource Partners L.P., (NRP) currently trades at $100.40, while our model-based Fair Value estimate is $84.39 — implying the stock looks roughly 15.9% overvalued today. We read business quality at 93/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Natural Resource Partners L.P., generated revenue of $194M at a net margin of 58.5%. Revenue declined 15.3% year over year. It earns a return on equity of 19.3%. Net debt stands at $2.9M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana. It leases a portion of its reserves in exchange for royalty payments; and owns and leases transportation and processing infrastructure related to coal properties. Natural Resource Partners L.P. was incorporated in 2002 and is headquartered in Houston, Texas.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Natural Resource Partners L.P., reported revenue of $202M in FY2025 versus $194M in FY2021, a compound +1.0%/yr. Reported net income was $134M in FY2025, compounding +5.3%/yr from FY2021.
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6 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
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| China Shenhua Energy Company 601088 | ¥47.51 | ¥30.10 | -37% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.