Added to YB: 2025-02-05
Pitch date: 2025-02-04
NRP [bullish]
Natural Resource Partners L.P.
+4.65%
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
$99.74
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
Natural Resource Partners L.P. - $NRP
NRP: Coal royalty MLP at 4-6x FCF. 90% FCF margins, 30-40yr reserves. Debt paydown & increased distributions key. 70/30 met/thermal coal split. Soda ash stake worth 35% of mkt cap. Carbon capture potential. Risks: coal industry decline, MLP structure. 15-20% FCF yield, $14-18 FCF/share est. Mgmt owns 30%.
Read full article (9 min)