Professional
Added to YB: 2026-01-30
Pitch date: 2026-01-23
NRP [neutral]
Natural Resource Partners L.P.
+6.22%
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
$1.6B
Pitch Price
$115.99
Price Target
250.00 (+103%)
Dividend
2.39%
EV/EBITDA
9.91
P/E
11.48
EV/Sales
7.77
Sector
Oil, Gas and Consumable Fuels
Category
value
Greystone Capital Portfolio Holding: Natural Resource Partners L.P.
NRP (holding update): Coal royalty biz w/ 20yr+ FCF track record, debt-free, robust cash flows despite tough pricing. Global coal consumption hit record 8.8B tons in 2025. Royalty model avoids capex/opex, provides pricing durability. Balance sheet strengthened, mgmt can boost distributions soon. Intrinsic value $200-250/share vs current discount.
Read full article (1 min)