The earnings call indicates a challenging environment with significant headwinds in coal and soda ash markets. Despite these challenges, NRP continues to generate substantial free cash flow and make progress in debt reduction. However, the lack of near-term catalysts for market improvement and continued downturns in key segments contribute to a cautious outlook.
Company Guidance
During the third quarter of 2025, Natural Resource Partners L.P. (NRP) generated $42 million in free cash flow and $31 million in net income, despite facing significant challenges in the metallurgical coal, thermal coal, and soda ash markets. Over the past 12 months, NRP has generated $190 million in free cash flow and retired nearly $130 million of debt, with only $70 million remaining. The company's Mineral Rights segment contributed $41 million in net income and $45 million in free cash flow, although operating and free cash flow decreased by $9 million compared to the prior year due to weaker metallurgical coal markets. The soda ash segment saw a net income decrease of $11 million, driven by lower international sales prices and increased supply from China, with no distributions received from Sisecam Wyoming in the third quarter. Despite these market challenges, NRP plans to increase unitholder distributions by the third quarter of next year, contingent on maintaining a robust balance sheet.
Substantial Free Cash Flow Generation
NRP generated $42 million of free cash flow in the third quarter of 2025 and $190 million of free cash flow over the last 12 months, despite significant headwinds in key commodities.
Debt Reduction Progress
NRP retired nearly $130 million of debt over the past 12 months, with only $70 million remaining as of the end of the quarter.
Unit Holder Distributions
NRP paid a $0.75 per common unit distribution for the second quarter and announced the same distribution for the third quarter of 2025.
Leasing Activity in the Smackover Formation
NRP is active in leasing acreage in the Smackover formation for lithium production, which shows potential for future revenue.
Natural Resource PRN (NRP) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Nov 04, 2025
$104.87
$103.28
-1.52%
Aug 06, 2025
$102.26
$103.40
+1.11%
May 06, 2025
$100.44
$96.50
-3.92%
Feb 28, 2025
$96.34
$102.54
+6.44%
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 Feb 26, 2026, Before Open (Confirmed).
What is Natural Resource Partners (NRP) earnings time?
Natural Resource Partners (NRP) earnings time is at Feb 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.