Professional
Added to YB: 2024-09-12
Pitch date: 2024-09-12
NRP [bullish]
Natural Resource Partners L.P.
+23.85%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
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
$84.27
Price Target
N/A
Dividend
2.89%
EV/EBITDA
8.24
P/E
9.49
EV/Sales
6.47
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Natural Resource Partners ($NRP)
NRP: Coal royalty biz w/ 6x FCF multiple. 2019 EBITDA $199M despite lower volume/royalty. Est. 2025 FCF $180M ($13.6/unit). Crisis 2020 FCF yield ~9%. Robust FCF across environments. Deleveraging complete next year. CEO aligned. Carbon sequestration upside. New ARLP thermal coal lease Q1 2025 (~7.5M tons/yr).