Added to YB: 2026-02-13
Pitch date: 2025-11-27
NRP [bullish]
Natural Resource Partners L.P.
+16.72%
current return
Author Info
No bio for this author
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
$1.2B
Pitch Price
$104.53
Price Target
201.00 (+65%)
Dividend
3.30%
EV/EBITDA
4.93
P/E
6.79
EV/Sales
5.23
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Natural Resource Partners L.P. - $NRP
NRP: MLP w/ coal mineral rights + 49% Sisecam soda ash. Near debt-free after 8yr delever (~$38M net debt, target $30M net cash in 1-2Q). Mgmt pledged all FCF to unitholders once obligations cleared. Current 12% yield on depressed coal/soda ash pricing; normalized 15% yield if soda ash recovers to LT avg. Trades 0% yield today vs peers at 8-10%. Catalyst: distributions restart in 2-3Q. Risks: met coal collapse, prolonged soda ash weakness.
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