Natural Resource Partners (NRP)
NYSE:NRP
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
2.52Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture. Operationally and financially, NRP retains meaningful strengths — solid Mineral Rights cash generation, active deleveraging (debt reduced to $45M), maintained distributions and a long-lived soda ash asset with significant historical distributions and reserves. However, material near-term challenges persist: a severe soda ash supply glut causing JV losses and suspended distributions, a $39M capital infusion that turned Q1 free cash flow negative, and ~20% coal volume declines contributing to lower segment income. Management emphasizes conservative capital allocation and reevaluation of soda ash assumptions, signaling caution. Overall the positives (strong cash generation and balance sheet actions) are counterbalanced by significant commodity-specific headwinds and uncertainty around soda ash recoveries.Company Guidance
Strong pre-investment free cash flow
NRP generated $34 million of free cash flow in Q1 2026 before the $39 million Sisecam Wyoming capital investment and $167 million of free cash flow over the last 12 months before that investment (implying roughly $128 million LTM free cash flow after the $39M investment).
Mineral Rights segment cash generation
The Mineral Rights segment produced $34 million of net income, $42 million of operating cash flow and $43 million of free cash flow in Q1 2026. Metallurgical coal comprised ~65% of coal royalty revenues and ~45% of coal royalty sales volumes in the quarter.
Active deleveraging and improved corporate financing costs
Outstanding debt rose to $73 million during the quarter to fund the $39 million investment, was reduced to $60 million by quarter end and paid down to $45 million as of the call — a ~38% reduction from the intra-quarter peak. Corporate & Financing segment results improved by $3 million year-over-year due to lower interest costs.
Maintained and communicated distributions
NRP paid a Q4 distribution of $0.75 per common unit, a special cash distribution of $0.12 in March, and announced a Q1 distribution of $0.75 per common unit. Management remains on track to increase unitholder distributions this year (expectation in November, with caveats).
Long-term value attributes of Sisecam Wyoming
Since acquisition 13 years ago, NRP has received ~$0.5 billion in distributions from Sisecam Wyoming, producing an ~11% compound annualized return and a 1.6x multiple (calculated assuming zero residual value). Reserve filings indicate ~50 years of remaining reserves; simple extrapolation of historical average distributions over 50 years implies roughly $1.9 billion of potential future distributions.
NRP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | $123.38 | $120.93 | -1.98% |
Nov 04, 2025 | $103.39 | $101.82 | -1.52% |
Aug 06, 2025 | $100.81 | $101.94 | +1.12% |
May 06, 2025 | $99.02 | $95.14 | -3.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Natural Resource Partners (NRP) report earnings?
Natural Resource Partners (NRP) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Natural Resource Partners (NRP) earnings time?
Natural Resource Partners (NRP) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is NRP EPS forecast?
Currently, no data Available