Added to YB: 2025-05-19
Pitch date: 2025-05-15
NRP [neutral]
Natural Resource Partners L.P.
+11.78%
current return
Author Info
Pound the Rock Investing, written by Adam Wilk, the founder and CIO of Greystone Capital Management, will serve as an ongoing discussion about business, investing and things I find interesting. Sign up for the newsletter.
Company Info
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States.
Market Cap
$1.4B
Pitch Price
$93.37
Price Target
115.00 (+10%)
Dividend
2.89%
EV/EBITDA
8.24
P/E
9.49
EV/Sales
6.47
Sector
Oil, Gas and Consumable Fuels
Category
value
Some Position Updates - Natural Resource Partners L.P.
NRP (holding update): Coal royalty MLP generating $250M FCF in FY24 despite price slump; Q1'25 FCF -50% YoY to $35M (11% yield annualized). Projecting $150M FCF at current $190/Mt met coal prices. 12 months from net cash position. Expect higher distributions & unit repurchases within a year, potentially yielding 15-20% on current price.
Read full article (2 min)