Added to YB: 2026-08-31
Pitch date: 2026-08-26
NRP [neutral]
Natural Resource Partners L.P.
+2.31%
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
$1.5B
Pitch Price
$110.18
Price Target
N/A
Dividend
2.73%
EV/EBITDA
10.70
P/E
14.01
EV/Sales
7.34
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Watchlist Inflections - Natural Resource Partners L.P.
NRP (watchlist): Natural Resource Partners remains on the watchlist as its nearly debt-free balance sheet shifts the coal-royalty model toward distributions; management plans a significant increase starting in November, barring the unexpected. The business generated $163M of LTM FCF before a one-off Sisecam investment and trades around 8.8x EV/FCF. The obstacle is MLP taxation for a Croatian investor, including potentially onerous withholding and filing requirements; a materially cheaper price could justify revisiting it.
Read full article (5 min)