Natural Resource Partners (NRP) Financials

$100.23 -0.96 (-0.95%)

As of 02:58 PM Eastern

Annual Income Statements for Natural Resource Partners

This table shows Natural Resource Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	109	-572	194	89	110	-54	-115	77	238	201	155
Consolidated Net Income / (Loss)	109	-572	97	89	140	-24	-85	109	268	278	184
Net Income / (Loss) Continuing Operations	97	-158	91	82	122	-25	-85	109	268	278	184
Total Pre-Tax Income	97	228	91	82	122	-25	-85	109	268	278	184
Total Operating Income	176	-170	181	177	193	51	-44	148	305	293	199
Total Gross Profit	351	1,298	250	243	251	257	130	194	293	261	217
Total Revenue	351	1,298	250	243	251	257	130	194	328	294	245
Operating Revenue	351	1,298	250	243	251	257	130	194	328	294	245
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	35	32	28
Operating Cost of Revenue	-	-	-	-	-	-	-	-	35	32	28
Total Operating Expenses	175	981	69	66	59	206	184	69	48	42	36
Selling, General & Admin Expense	76	149	41	43	46	49	14	17	22	26	25
Depreciation Expense	59	57	29	23	22	15	9.20	19	23	18	16
Impairment Charge	26	769	16	2.97	18	148	136	5.10	4.46	0.56	0.09
Other Special Charges / (Income)	-	-14	-29	-3.55	-27	-6.50	-	-	-1.08	-2.96	-4.85
Total Other Income / (Expense), net	-79	-90	-91	-94	-70	-77	-30	-17	23	59	2.58
Interest Expense	80	90	91	94	70	77	41	39	37	14	16
Interest & Investment Income	0.10	0.02	-	-	-	-	11	22	60	73	18
Preferred Stock Dividends Declared	-	0.00	0.00	-	30	30	30	32	30	78	29
Basic Earnings per Share	$9.42	($45.75)	$7.78	$5.06	$8.77	($4.35)	($9.20)	$6.14	$18.72	$15.59	$11.69
Weighted Average Basic Shares Outstanding	11.33M	12.23M	12.23M	21.95M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M
Diluted Earnings per Share	$9.42	($45.75)	$7.78	$3.96	$6.76	($4.35)	($9.20)	$4.81	$13.39	$13.08	$11.35
Weighted Average Diluted Shares Outstanding	11.33M	12.23M	12.23M	21.95M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M
Weighted Average Basic & Diluted Shares Outstanding	11.33M	12.23M	12.23M	21.95M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M

This table shows Natural Resource Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	82	11	56	38	44	63	54	31	27	43
Consolidated Net Income / (Loss)	75	63	79	70	64	65	56	46	39	43
Net Income / (Loss) Continuing Operations	75	63	79	70	64	65	56	46	39	43
Total Pre-Tax Income	75	63	79	70	64	65	56	46	39	43
Total Operating Income	82	71	82	74	68	69	60	50	43	46
Total Gross Profit	79	72	80	64	65	52	71	62	45	39
Total Revenue	87	81	80	64	73	76	71	62	52	60
Operating Revenue	87	81	80	64	73	76	71	62	52	60
Total Cost of Revenue	7.90	8.91	0.00	0.00	8.36	24	0.00	0.00	6.79	21
Total Operating Expenses	12	17	17	17	9.47	-1.80	17	15	11	-6.66
Selling, General & Admin Expense	4.52	7.82	5.85	5.64	5.67	8.95	6.33	5.93	5.94	6.96
Depreciation Expense	6.85	5.95	4.08	3.79	4.59	6.02	4.65	3.32	4.73	2.83
Total Other Income / (Expense), net	6.93	8.19	16	23	8.56	11	1.96	-0.70	3.92	-2.59
Interest Expense	7.63	7.57	2.85	3.49	3.84	3.92	3.49	4.35	4.19	3.52
Interest & Investment Income	15	16	19	27	12	15	5.45	3.65	8.11	0.93
Basic Earnings per Share	$5.25	$4.37	$4.40	$2.93	$3.40	$4.86	$4.13	$2.33	$2.04	$3.19
Weighted Average Basic Shares Outstanding	-	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M
Diluted Earnings per Share	$3.71	$3.28	$3.44	$2.49	$2.91	$4.24	$3.83	$2.29	$2.00	$3.23
Weighted Average Diluted Shares Outstanding	-	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M
Weighted Average Basic & Diluted Shares Outstanding	-	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M

This table details how cash moves in and out of Natural Resource Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-42	1.70	-11	-11	-215	-108	1.53	36	-96	-27	18
Net Cash From Operating Activities	211	203	108	127	189	137	89	122	267	311	248
Net Cash From Continuing Operating Activities	192	169	80	112	178	137	88	122	267	311	248
Net Income / (Loss) Continuing Operations	109	-572	97	89	140	-24	-85	109	268	278	184
Consolidated Net Income / (Loss)	109	-572	97	89	140	-24	-85	109	268	278	184
Depreciation Expense	59	57	29	23	22	15	9.20	19	23	18	16
Amortization Expense	3.31	3.62	3.19	-	-	-	1.32	2.27	2.41	1.30	-1.51
Non-Cash Adjustments To Reconcile Net Income	8.43	676	-11	11	-4.33	165	146	0.87	5.72	19	31
Changes in Operating Assets and Liabilities, net	13	3.45	-37	-10	21	-18	16	-9.31	-32	-6.08	19
Net Cash From Investing Activities	-521	-30	167	3.54	191	7.59	1.68	2.41	2.69	5.42	7.51
Net Cash From Continuing Investing Activities	-170	6.99	65	9.81	7.61	8.22	1.75	2.41	2.69	5.42	7.51
Purchase of Property, Plant & Equipment	-7.49	-10	-0.03	0.00	0.00	-0.02	0.00	0.00	-0.12	-0.01	0.00
Sale of Property, Plant & Equipment	1.01	-	62	1.15	2.45	6.50	0.62	0.25	1.08	2.96	4.85
Other Investing Activities, net	2.32	2.46	2.97	3.01	3.06	1.74	2.12	2.16	1.72	2.46	2.67
Net Cash From Financing Activities	267	-171	-286	-141	-203	-253	-89	-88	-366	-343	-238
Net Cash From Continuing Financing Activities	-66	-183	-146	-134	-6.84	-253	-88	-88	-366	-343	-238
Repayment of Debt	-326	-172	-197	-531	-176	-490	-46	-40	-352	-266	-190
Repurchase of Preferred Equity	-	-	0.00	0.00	-8.84	-	-3.86	0.00	-19	-178	-72
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-9.18	0.00	-56	-66
Payment of Dividends	-163	-2.74	-22	-31	-53	-63	-39	-39	-65	-92	-79
Issuance of Debt	498	100	20	181	35	300	0.00	0.00	70	249	168
Cash Interest Paid	76	88	84	73	65	59	40	37	25	14	15

This table details how cash moves in and out of Natural Resource Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	1.58	-22	-21	-6.93	7.68	-6.42	-1.00	21	-1.44	-0.46
Net Cash From Operating Activities	82	69	73	81	79	78	71	57	54	66
Net Cash From Continuing Operating Activities	82	69	73	81	79	78	71	57	54	66
Net Income / (Loss) Continuing Operations	75	63	79	70	64	65	56	46	39	43
Consolidated Net Income / (Loss)	75	63	79	70	64	65	56	46	39	43
Depreciation Expense	6.85	5.95	4.08	3.79	4.59	6.02	4.65	3.32	4.73	2.83
Amortization Expense	0.22	0.52	0.03	0.54	0.48	0.26	-0.75	-0.20	-1.66	1.09
Non-Cash Adjustments To Reconcile Net Income	0.16	4.13	-6.69	7.88	14	3.44	11	2.50	2.36	16
Changes in Operating Assets and Liabilities, net	0.72	-4.94	-3.79	-1.20	-4.18	3.09	0.64	4.94	10	3.75
Net Cash From Investing Activities	0.87	0.91	0.70	0.61	1.48	2.64	0.81	5.30	0.67	0.72
Net Cash From Continuing Investing Activities	0.87	0.91	0.70	0.61	1.48	2.64	0.81	5.30	0.67	0.72
Sale of Property, Plant & Equipment	0.35	0.38	0.10	0.01	0.86	2.00	0.17	4.64	0.00	0.04
Other Investing Activities, net	0.58	0.59	0.60	0.61	0.62	0.63	0.65	0.66	0.67	0.69
Net Cash From Financing Activities	-82	-92	-95	-89	-73	-87	-73	-41	-56	-67
Net Cash From Continuing Financing Activities	-82	-92	-95	-89	-73	-87	-73	-41	-56	-67
Repayment of Debt	-70	-145	-90	-61	-25	-90	-63	-18	-36	-72
Payment of Dividends	-17	-17	-49	-17	-14	-12	-44	-13	-12	-9.99
Issuance of Debt	5.54	70	91	70	50	37	89	40	23	15
Cash Interest Paid	1.73	6.76	2.47	3.96	3.05	4.37	2.84	4.82	3.80	3.99

This table presents Natural Resource Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,445	1,670	1,449	1,389	1,342	1,086	922	954	877	798	773
Total Current Assets	136	121	105	91	243	132	117	163	84	55	64
Cash & Equivalents	50	41	40	27	102	98	100	136	39	12	30
Accounts Receivable	76	50	50	24	32	31	12	25	43	41	31
Prepaid Expenses	4.28	4.27	7.27	3.78	3.46	1.24	5.08	2.72	1.82	2.22	1.96
Plant, Property, & Equipment, net	60	61	49	1.35	0.00	24	24	24	24	24	24
Plant, Property & Equipment, gross	-	-	-	-	-	24	24	24	24	24	24
Total Noncurrent Assets	2,249	1,488	1,294	1,296	1,099	930	781	767	770	719	685
Long-Term Investments	264	262	256	286	286	263	263	276	306	277	257
Noncurrent Note & Lease Receivables	-	-	-	-	-	37	33	31	29	26	23
Intangible Assets	61	57	53	47	43	18	17	16	15	14	13
Other Noncurrent Operating Assets	1,872	1,059	985	807	771	612	467	444	419	402	391
Total Liabilities & Shareholders' Equity	2,445	1,670	1,449	1,389	1,342	1,086	922	954	877	798	773
Total Liabilities	1,725	1,597	1,301	954	757	585	549	514	235	220	222
Total Current Liabilities	148	136	189	121	149	63	61	64	60	50	32
Short-Term Debt	81	81	140	80	115	46	39	39	39	31	14
Accounts Payable	23	6.28	7.17	2.02	2.41	1.18	1.39	1.96	1.99	0.89	0.91
Accrued Expenses	44	45	26	12	12	8.76	7.73	10	12	13	12
Current Deferred Revenue	-	-	-	0.00	3.51	4.61	11	12	6.26	4.60	4.34
Other Current Nonoperating Liabilities	-	4.39	16	27	15	2.38	1.71	1.21	0.99	0.58	0.30
Total Noncurrent Liabilities	1,577	1,461	1,111	833	608	523	488	450	175	170	190
Long-Term Debt	1,374	1,187	990	730	558	470	432	394	129	124	128
Noncurrent Deferred Revenue	160	164	117	101	49	47	50	50	40	38	56
Other Noncurrent Operating Liabilities	42	25	4.57	0.93	1.15	4.95	5.13	5.02	5.47	7.17	6.24
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	0.00	173	165	165	168	184	165	47	0.00
Total Equity & Noncontrolling Interests	720	73	148	262	421	336	205	256	477	531	551
Total Preferred & Common Equity	721	76	152	265	423	339	205	256	477	531	551
Total Common Equity	721	76	152	265	423	339	205	256	477	531	551
Common Stock	721	78	153	202	360	275	137	205	411	511	553
Accumulated Other Comprehensive Income / (Loss)	-0.46	-2.15	-1.67	-3.31	-3.46	-2.59	0.32	3.21	19	-3.12	-1.67
Other Equity Adjustments	-	-	-	67	67	67	67	48	48	23	0.00

This table presents Natural Resource Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	836	820	815	778	790	790
Total Current Assets	57	51	60	48	66	69
Cash & Equivalents	18	11	18	11	32	31
Accounts Receivable	37	37	39	34	31	37
Prepaid Expenses	3.22	2.87	2.57	3.49	3.11	1.48
Plant, Property, & Equipment, net	24	24	24	24	24	24
Plant, Property & Equipment, gross	24	24	24	24	24	24
Total Noncurrent Assets	754	746	732	706	699	697
Long-Term Investments	295	291	282	269	266	268
Noncurrent Note & Lease Receivables	28	28	27	26	25	24
Intangible Assets	15	14	14	13	13	13
Other Noncurrent Operating Assets	416	413	408	398	395	391
Total Liabilities & Shareholders' Equity	836	820	815	778	790	790
Total Liabilities	231	240	265	247	270	273
Total Current Liabilities	53	51	52	27	27	30
Short-Term Debt	39	37	37	14	14	14
Accounts Payable	1.45	1.52	1.14	1.51	0.93	0.98
Accrued Expenses	3.47	5.72	6.51	5.06	7.23	7.91
Current Deferred Revenue	7.45	6.82	6.40	5.64	4.45	5.82
Other Current Nonoperating Liabilities	1.25	0.63	1.22	1.00	0.32	0.78
Total Noncurrent Liabilities	179	189	213	219	243	243
Long-Term Debt	134	146	171	175	196	183
Noncurrent Deferred Revenue	39	37	35	38	40	54
Other Noncurrent Operating Liabilities	6.12	6.46	6.83	6.31	6.62	5.90
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	133	80	47	47	21	0.00
Total Equity & Noncontrolling Interests	471	500	503	484	498	517
Total Preferred & Common Equity	471	500	503	484	498	517
Total Common Equity	471	500	503	484	498	517
Common Stock	424	452	468	482	499	518
Accumulated Other Comprehensive Income / (Loss)	-0.87	0.05	2.25	-2.28	-1.04	-0.96
Other Equity Adjustments	48	48	33	4.80	0.00	0.00

This table displays calculated financial ratios and metrics derived from Natural Resource Partners' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.01%	269.96%	-80.73%	-2.96%	3.42%	2.54%	-49.66%	50.08%	68.69%	-10.49%	-16.56%
EBITDA Growth	-20.82%	-146.01%	294.43%	-6.08%	7.13%	-69.07%	-150.31%	607.40%	95.22%	-5.40%	-31.73%
EBIT Growth	-25.44%	-196.76%	206.30%	-2.54%	9.05%	-73.35%	-185.44%	437.00%	106.55%	-4.16%	-31.91%
NOPAT Growth	-25.44%	-196.76%	206.30%	-2.54%	9.05%	-81.34%	-185.44%	581.43%	106.55%	-4.16%	-31.91%
Net Income Growth	0.84%	-625.33%	116.95%	-8.49%	57.95%	-117.46%	-246.79%	228.39%	146.54%	3.70%	-34.04%
EPS Growth	0.84%	-625.33%	117.01%	-49.10%	70.71%	-164.35%	-111.49%	152.28%	178.38%	-2.32%	-13.23%
Operating Cash Flow Growth	-14.70%	-3.48%	-46.93%	17.76%	48.60%	-27.32%	-34.98%	36.44%	119.07%	16.54%	-20.09%
Free Cash Flow Firm Growth	-196.55%	366.80%	-73.57%	121.49%	-55.35%	-11.58%	-11.42%	18.85%	79.74%	3.41%	-23.68%
Invested Capital Growth	30.55%	-46.34%	-0.18%	-22.92%	1.52%	-15.90%	-26.27%	-4.26%	0.56%	-4.38%	-8.91%
Revenue Q/Q Growth	-1.77%	96.70%	-82.70%	224.04%	60.35%	-4.49%	-15.03%	13.56%	0.00%	-1.90%	-7.30%
EBITDA Q/Q Growth	-17.52%	59.86%	-65.58%	453.83%	9.52%	-71.26%	80.20%	34.77%	0.00%	-0.66%	-10.48%
EBIT Q/Q Growth	-21.58%	47.77%	-68.23%	318.04%	5.20%	-75.85%	75.32%	37.68%	0.00%	-0.64%	-10.19%
NOPAT Q/Q Growth	-21.58%	25.38%	-68.23%	411.48%	5.20%	-83.09%	75.32%	37.68%	0.00%	-0.64%	-10.19%
Net Income Q/Q Growth	31.11%	-5.62%	35.29%	44.30%	15.08%	-117.07%	61.13%	60.27%	0.00%	0.64%	-10.79%
EPS Q/Q Growth	31.11%	-5.62%	32.99%	-74.86%	-4.65%	-162.59%	50.99%	81.51%	0.00%	7.92%	-8.17%
Operating Cash Flow Q/Q Growth	-1.82%	-5.39%	-13.49%	19.91%	22.76%	-31.10%	-6.53%	52.64%	0.00%	2.95%	-4.45%
Free Cash Flow Firm Q/Q Growth	-197.80%	3,770.37%	-75.68%	150,618.01%	42.95%	-63.53%	-7.76%	-14.26%	-25.43%	290.92%	-9.36%
Invested Capital Q/Q Growth	33.82%	-15.45%	-0.23%	-18.45%	-21.90%	-15.10%	-2.25%	14.13%	0.00%	-2.84%	-2.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	89.36%	89.00%	88.56%
EBITDA Margin	67.83%	-8.44%	85.11%	82.37%	85.33%	25.74%	-25.72%	86.95%	100.63%	106.36%	87.02%
Operating Margin	50.19%	-13.13%	72.41%	72.72%	76.69%	19.94%	-33.84%	75.98%	93.03%	99.62%	81.30%
EBIT Margin	50.19%	-13.13%	72.41%	72.72%	76.69%	19.94%	-33.84%	75.98%	93.03%	99.62%	81.30%
Profit (Net Income) Margin	31.01%	-44.04%	38.73%	36.52%	55.78%	-9.50%	-65.45%	55.99%	81.84%	94.82%	74.95%
Tax Burden Percent	112.53%	-251.11%	106.91%	107.49%	114.45%	96.24%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	54.91%	-133.59%	50.03%	46.72%	63.55%	-49.52%	193.43%	73.69%	87.96%	95.18%	92.19%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.72%	-11.92%	18.15%	20.00%	24.86%	5.00%	-5.39%	31.21%	65.72%	64.22%	46.81%
ROIC Less NNEP Spread (ROIC-NNEP)	3.81%	-50.74%	8.66%	5.13%	4.99%	-29.45%	-46.01%	-26.75%	113.72%	73.34%	57.99%
Return on Net Nonoperating Assets (RNNOA)	5.56%	-132.26%	69.50%	10.40%	2.59%	-9.51%	-14.04%	-4.41%	-16.09%	-18.58%	-14.29%
Return on Equity (ROE)	16.28%	-144.17%	87.65%	30.40%	27.45%	-4.51%	-19.42%	26.80%	49.63%	45.63%	32.52%
Cash Return on Invested Capital (CROIC)	-15.78%	48.40%	18.33%	45.89%	23.36%	22.27%	24.86%	35.56%	65.16%	68.70%	56.13%
Operating Return on Assets (OROA)	7.94%	-8.28%	11.62%	12.44%	14.10%	4.23%	-4.37%	15.76%	33.34%	34.93%	25.36%
Return on Assets (ROA)	4.91%	-27.79%	6.21%	6.25%	10.26%	-2.02%	-8.45%	11.61%	29.33%	33.25%	23.38%
Return on Common Equity (ROCE)	16.28%	-144.91%	90.35%	21.71%	18.53%	-3.16%	-12.08%	15.18%	33.64%	37.72%	31.16%
Return on Equity Simple (ROE_SIMPLE)	15.10%	-748.95%	63.94%	33.43%	33.07%	-7.22%	-41.47%	42.54%	56.23%	52.43%	33.32%
Net Operating Profit after Tax (NOPAT)	176	-170	181	177	193	36	-31	148	305	293	199
NOPAT Margin	50.19%	-13.13%	72.41%	72.72%	76.69%	13.95%	-23.69%	75.98%	93.03%	99.62%	81.30%
Net Nonoperating Expense Percent (NNEP)	6.90%	38.83%	9.50%	14.87%	19.87%	34.45%	40.63%	57.96%	-48.01%	-9.12%	-11.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	47.27%	42.64%	28.74%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.64%	11.00%	11.44%
SG&A Expenses to Revenue	21.79%	11.50%	16.51%	17.87%	18.32%	19.22%	11.03%	8.93%	6.66%	8.89%	10.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.81%	75.55%	27.59%	27.28%	23.31%	80.06%	142.12%	35.26%	14.55%	14.37%	14.66%
Earnings before Interest and Taxes (EBIT)	176	-170	181	177	193	51	-44	148	305	293	199
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	238	-110	213	200	214	66	-33	169	330	312	213
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.67	1.05	1.49	1.31	0.71	0.50	0.63	1.35	1.22	2.11	2.63
Price to Tangible Book Value (P/TBV)	0.80	4.11	2.29	1.59	0.79	0.53	0.69	1.44	1.26	2.17	2.69
Price to Revenue (P/Rev)	1.38	0.06	0.90	1.43	1.20	0.66	0.99	1.77	1.78	3.82	5.91
Price to Earnings (P/E)	4.44	0.00	1.17	3.91	2.75	0.00	0.00	4.47	2.45	5.58	9.34
Dividend Yield	38.66%	88.10%	9.75%	11.41%	7.32%	12.90%	12.95%	6.52%	5.84%	6.28%	4.94%
Earnings Yield	22.51%	0.00%	85.83%	25.60%	36.32%	0.00%	0.00%	22.39%	40.83%	17.92%	10.70%
Enterprise Value to Invested Capital (EV/IC)	0.87	1.04	1.06	1.32	0.83	0.74	0.84	1.19	1.23	2.32	3.21
Enterprise Value to Revenue (EV/Rev)	4.63	0.80	4.22	4.17	2.56	1.89	3.14	2.83	1.74	3.52	5.31
Enterprise Value to EBITDA (EV/EBITDA)	6.82	0.00	4.96	5.06	3.01	7.36	0.00	3.26	1.73	3.31	6.11
Enterprise Value to EBIT (EV/EBIT)	9.22	0.00	5.83	5.74	3.34	9.50	0.00	3.73	1.87	3.54	6.54
Enterprise Value to NOPAT (EV/NOPAT)	9.22	0.00	5.83	5.74	3.34	13.57	0.00	3.73	1.87	3.54	6.54
Enterprise Value to Operating Cash Flow (EV/OCF)	7.71	5.12	9.78	7.96	3.41	3.55	4.55	4.52	2.14	3.33	5.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.50	5.78	2.50	3.56	3.05	2.87	3.27	1.89	3.30	5.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.02	17.38	7.63	1.86	1.15	1.03	1.26	0.99	0.26	0.27	0.26
Long-Term Debt to Equity	1.91	16.27	6.68	1.68	0.95	0.94	1.16	0.90	0.20	0.21	0.23
Financial Leverage	1.46	2.61	8.03	2.03	0.52	0.32	0.31	0.17	-0.14	-0.25	-0.25
Leverage Ratio	3.32	5.19	14.11	4.86	2.68	2.24	2.30	2.31	1.69	1.37	1.39
Compound Leverage Factor	1.82	-6.93	7.06	2.27	1.70	-1.11	4.45	1.70	1.49	1.31	1.28
Debt to Total Capital	66.90%	94.56%	88.41%	65.03%	53.48%	50.77%	55.84%	49.63%	20.77%	21.15%	20.50%
Short-Term Debt to Total Capital	3.72%	6.02%	10.95%	6.41%	9.16%	4.50%	4.63%	4.48%	4.82%	4.20%	2.05%
Long-Term Debt to Total Capital	63.17%	88.53%	77.46%	58.62%	44.33%	46.26%	51.22%	45.16%	15.94%	16.95%	18.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.03%	-0.25%	-0.27%	13.66%	12.85%	15.90%	19.94%	21.05%	20.31%	6.43%	0.00%
Common Equity to Total Capital	33.13%	5.70%	11.85%	21.31%	33.67%	33.34%	24.22%	29.31%	58.92%	72.42%	79.50%
Debt to EBITDA	6.11	-11.57	5.31	4.05	3.14	7.79	-14.15	2.56	0.51	0.50	0.67
Net Debt to EBITDA	4.79	-8.81	3.92	2.48	0.84	2.34	-3.28	0.13	-0.54	-0.43	-0.68
Long-Term Debt to EBITDA	5.77	-10.84	4.65	3.65	2.60	7.10	-12.97	2.33	0.39	0.40	0.60
Debt to NOPAT	8.26	-7.44	6.24	4.58	3.49	14.37	-15.36	2.93	0.55	0.53	0.71
Net Debt to NOPAT	6.48	-5.66	4.60	2.81	0.94	4.31	-3.56	0.15	-0.58	-0.46	-0.73
Long-Term Debt to NOPAT	7.80	-6.96	5.47	4.13	2.90	13.09	-14.09	2.67	0.42	0.42	0.64
Altman Z-Score	0.54	0.46	0.62	0.79	0.98	0.65	0.20	1.24	3.05	4.65	5.13
Noncontrolling Interest Sharing Ratio	-0.02%	-0.51%	-3.07%	28.56%	32.51%	29.78%	37.78%	43.34%	32.21%	17.35%	4.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	0.89	0.56	0.76	1.63	2.11	1.91	2.53	1.39	1.11	2.00
Quick Ratio	0.85	0.67	0.48	0.42	0.90	2.06	1.83	2.49	1.36	1.06	1.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-259	692	183	405	181	160	142	168	303	313	239
Operating Cash Flow to CapEx	3,250.89%	2,032.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-3.26	7.71	2.02	4.31	2.58	2.08	3.46	4.33	8.24	22.19	15.36
Operating Cash Flow to Interest Expense	2.65	2.27	1.19	1.35	2.69	1.79	2.18	3.13	7.26	22.05	15.98
Operating Cash Flow Less CapEx to Interest Expense	2.57	2.15	1.88	1.36	2.73	1.87	2.19	3.14	7.29	22.26	16.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.63	0.16	0.17	0.18	0.21	0.13	0.21	0.36	0.35	0.31
Accounts Receivable Turnover	5.98	20.62	5.01	6.56	8.92	8.18	6.00	10.55	9.76	7.01	6.75
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.33	21.50	4.54	9.56	0.00	0.00	5.40	8.10	13.67	12.23	10.21
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.68	22.46	31.26
Days Sales Outstanding (DSO)	61.03	17.70	72.83	55.68	40.90	44.61	60.82	34.59	37.40	52.07	54.04
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.64	16.25	11.68
Cash Conversion Cycle (CCC)	61.03	17.70	72.83	55.68	40.90	44.61	60.82	34.59	16.76	35.82	42.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,861	999	997	769	780	656	484	463	466	445	406
Invested Capital Turnover	0.21	0.91	0.25	0.28	0.32	0.36	0.23	0.41	0.71	0.64	0.58
Increase / (Decrease) in Invested Capital	436	-863	-1.76	-229	12	-124	-172	-21	2.59	-20	-40
Enterprise Value (EV)	1,624	1,041	1,056	1,013	644	488	406	551	571	1,034	1,302
Market Capitalization	483	80	226	346	302	171	129	345	584	1,121	1,448
Book Value per Share	$6.56	$0.62	$12.39	$21.68	$34.58	$27.65	$16.68	$20.73	$37.79	$42.03	$42.23
Tangible Book Value per Share	$5.54	$0.16	$8.05	$17.85	$31.11	$26.20	$15.26	$19.42	$36.63	$40.95	$41.24
Total Capital	2,175	1,340	1,278	1,245	1,258	1,017	844	873	810	733	693
Total Debt	1,455	1,267	1,130	809	673	516	471	434	168	155	142
Total Long-Term Debt	1,374	1,187	990	730	558	470	432	394	129	124	128
Net Debt	1,141	964	834	496	181	155	109	22	-177	-133	-146
Capital Expenditures (CapEx)	6.48	10	-62	-1.15	-2.45	-6.48	-0.62	-0.25	-0.97	-2.95	-4.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	24	16	24	2.95	17	-4.92	1.98	23	24	16
Debt-free Net Working Capital (DFNWC)	69	65	56	51	209	115	95	137	62	36	46
Net Working Capital (NWC)	-12	-15	-84	-29	94	69	56	98	23	5.45	32
Net Nonoperating Expense (NNE)	67	401	84	88	52	60	54	39	37	14	16
Net Nonoperating Obligations (NNO)	1,141	926	849	333	195	156	111	23	-176	-133	-145
Total Depreciation and Amortization (D&A)	62	61	32	23	22	15	11	21	25	20	14
Debt-free, Cash-free Net Working Capital to Revenue	5.44%	1.87%	6.36%	9.72%	1.18%	6.56%	-3.79%	1.02%	7.12%	8.26%	6.43%
Debt-free Net Working Capital to Revenue	19.71%	5.04%	22.49%	20.84%	83.24%	44.73%	73.21%	70.70%	19.04%	12.34%	18.86%
Net Working Capital to Revenue	-3.37%	-1.18%	-33.48%	-12.01%	37.36%	26.95%	43.07%	50.59%	7.13%	1.86%	13.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.40	($45.75)	$7.78	$10.17	$8.77	($4.35)	($9.20)	$6.14	$18.72	$15.59	$11.69
Adjusted Weighted Average Basic Shares Outstanding	11.33M	12.23M	12.23M	12.24M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M
Adjusted Diluted Earnings per Share	$9.40	($45.75)	$7.78	$3.96	$6.76	($4.35)	($9.20)	$4.81	$13.39	$13.08	$11.35
Adjusted Weighted Average Diluted Shares Outstanding	12.23M	12.20M	12.23M	12.24M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M
Adjusted Basic & Diluted Earnings per Share	$9.40	($45.75)	$7.78	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.23M	12.20M	12.23M	12.24M	12.26M	12.26M	12.35M	12.51M	12.63M	12.96M	13.14M
Normalized Net Operating Profit after Tax (NOPAT)	142	409	118	123	128	135	64	107	216	203	136
Normalized NOPAT Margin	40.36%	31.54%	46.99%	50.74%	51.13%	52.49%	49.71%	55.02%	65.84%	69.16%	55.55%
Pre Tax Income Margin	27.56%	17.54%	36.22%	33.98%	48.74%	-9.87%	-65.45%	55.99%	81.84%	94.82%	74.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.22	-1.90	2.00	1.88	2.74	0.67	-1.07	3.80	8.31	20.74	12.81
NOPAT to Interest Expense	2.22	-1.90	2.00	1.88	2.74	0.47	-0.75	3.80	8.31	20.74	12.81
EBIT Less CapEx to Interest Expense	2.13	-2.01	2.69	1.89	2.78	0.75	-1.06	3.81	8.33	20.95	13.12
NOPAT Less CapEx to Interest Expense	2.13	-2.01	2.69	1.89	2.78	0.55	-0.73	3.81	8.33	20.95	13.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	149.79%	-0.48%	23.19%	35.31%	37.67%	-258.20%	-46.44%	36.01%	24.08%	33.03%	42.77%
Augmented Payout Ratio	149.79%	-0.48%	23.19%	35.31%	37.67%	-258.20%	-46.44%	44.44%	24.08%	53.18%	78.54%

This table displays calculated financial ratios and metrics derived from Natural Resource Partners' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	6.79%	-24.33%	-16.30%	-5.70%	-11.26%	-3.71%	-28.58%	-21.42%
EBITDA Growth	101.31%	0.00%	11.23%	-9.24%	-18.48%	-2.70%	-26.24%	-31.50%	-36.96%	-33.21%
EBIT Growth	109.91%	0.00%	12.07%	-6.52%	-17.64%	-2.67%	-27.31%	-31.71%	-36.78%	-32.81%
NOPAT Growth	109.91%	0.00%	12.07%	-6.52%	-17.64%	-2.67%	-27.31%	-31.71%	-36.78%	-32.81%
Net Income Growth	0.00%	0.00%	24.06%	5.26%	-14.36%	2.79%	-29.09%	-34.51%	-39.55%	-34.18%
EPS Growth	0.00%	0.00%	10.61%	-24.32%	-21.56%	29.27%	11.34%	-8.03%	-31.27%	-23.82%
Operating Cash Flow Growth	174.45%	0.00%	39.31%	28.88%	-4.31%	12.92%	-1.92%	-30.39%	-31.41%	-14.87%
Free Cash Flow Firm Growth	280.67%	231.01%	2,902.13%	1,599.83%	-180.05%	30.96%	-15.58%	-12.24%	121.63%	-3.76%
Invested Capital Growth	-100.00%	0.56%	-3.44%	-3.64%	0.00%	-4.38%	-5.08%	-6.43%	-9.10%	-8.91%
Revenue Q/Q Growth	2.83%	-7.37%	-2.48%	-19.61%	13.74%	4.36%	-10.57%	-12.78%	-15.64%	14.81%
EBITDA Q/Q Growth	3.63%	-13.42%	11.61%	-9.37%	-6.92%	3.34%	-15.40%	-15.83%	-14.33%	9.49%
EBIT Q/Q Growth	4.06%	-13.86%	16.02%	-10.11%	-8.32%	1.80%	-13.35%	-15.56%	-15.12%	8.20%
NOPAT Q/Q Growth	4.06%	-13.86%	16.02%	-10.11%	-8.32%	1.80%	-13.35%	-15.56%	-15.12%	8.20%
Net Income Q/Q Growth	11.58%	-15.21%	25.40%	-11.28%	-9.22%	1.78%	-13.49%	-18.05%	-16.21%	10.82%
EPS Q/Q Growth	12.77%	-11.59%	4.88%	-27.62%	16.87%	45.70%	-9.67%	-40.21%	-12.66%	61.50%
Operating Cash Flow Q/Q Growth	30.69%	-16.50%	5.82%	11.59%	-2.96%	-1.46%	-8.08%	-20.80%	-4.39%	22.30%
Free Cash Flow Firm Q/Q Growth	8,991.21%	-86.02%	44.73%	-7.56%	-528.14%	122.86%	-6.70%	-3.91%	5.53%	1.71%
Invested Capital Q/Q Growth	-100.00%	0.00%	-0.09%	-0.87%	-0.64%	-2.84%	-0.82%	-2.28%	-3.48%	-2.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	90.96%	88.98%	100.00%	100.00%	88.57%	68.60%	100.00%	100.00%	87.00%	64.55%
EBITDA Margin	102.17%	95.49%	107.84%	121.59%	99.51%	98.54%	89.63%	86.50%	87.83%	83.76%
Operating Margin	94.08%	87.49%	102.70%	114.85%	92.57%	90.31%	84.13%	81.45%	81.94%	77.22%
EBIT Margin	94.08%	87.49%	102.70%	114.85%	92.57%	90.31%	84.13%	81.45%	81.94%	77.22%
Profit (Net Income) Margin	85.35%	78.13%	99.14%	109.41%	87.33%	85.17%	79.21%	74.42%	73.91%	71.34%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	90.72%	89.30%	96.53%	95.27%	94.33%	94.31%	94.16%	91.37%	90.20%	92.39%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	61.80%	72.48%	76.63%	120.92%	58.21%	53.35%	52.03%	49.51%	44.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	71.69%	76.91%	81.02%	129.25%	60.75%	56.40%	56.25%	53.86%	47.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-10.14%	-9.22%	-11.73%	-21.64%	-15.39%	-11.36%	-10.55%	-9.72%	-11.58%
Return on Equity (ROE)	0.00%	51.66%	63.27%	64.90%	99.29%	42.82%	41.99%	41.48%	39.79%	32.89%
Cash Return on Invested Capital (CROIC)	200.00%	65.16%	69.81%	69.43%	-71.53%	68.70%	64.77%	61.90%	60.24%	56.13%
Operating Return on Assets (OROA)	0.00%	31.35%	38.19%	42.29%	67.99%	31.66%	29.99%	28.86%	26.99%	24.09%
Return on Assets (ROA)	0.00%	28.00%	36.86%	40.29%	64.13%	29.86%	28.23%	26.37%	24.34%	22.26%
Return on Common Equity (ROCE)	0.00%	35.02%	45.75%	50.44%	90.78%	35.39%	35.32%	37.67%	38.03%	31.51%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	60.28%	57.50%	54.97%	0.00%	52.73%	46.37%	39.80%	0.00%
Net Operating Profit after Tax (NOPAT)	82	71	82	74	68	69	60	50	43	46
NOPAT Margin	94.08%	87.49%	102.70%	114.85%	92.57%	90.31%	84.13%	81.45%	81.94%	77.22%
Net Nonoperating Expense Percent (NNEP)	23.33%	-9.89%	-4.42%	-4.39%	-8.33%	-2.54%	-3.05%	-4.22%	-4.35%	-2.53%
Return On Investment Capital (ROIC_SIMPLE)	-	10.96%	-	-	-	10.04%	-	-	-	6.68%
Cost of Revenue to Revenue	9.04%	11.02%	0.00%	0.00%	11.43%	31.40%	0.00%	0.00%	13.00%	35.45%
SG&A Expenses to Revenue	5.17%	9.66%	7.31%	8.78%	7.75%	11.74%	8.92%	9.58%	11.37%	11.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.54%	20.97%	21.37%	27.12%	12.96%	-2.36%	23.55%	24.44%	20.59%	-11.12%
Earnings before Interest and Taxes (EBIT)	82	71	82	74	68	69	60	50	43	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	89	77	86	78	73	75	64	54	46	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.22	1.30	1.25	1.86	2.11	2.46	2.35	2.47	2.63
Price to Tangible Book Value (P/TBV)	0.00	1.26	1.34	1.28	1.91	2.17	2.53	2.41	2.53	2.69
Price to Revenue (P/Rev)	0.00	1.78	1.83	1.99	3.12	3.82	4.15	4.10	4.83	5.91
Price to Earnings (P/E)	0.00	2.45	2.74	3.33	6.29	5.58	6.01	6.10	7.29	9.34
Dividend Yield	6.28%	5.84%	11.19%	11.01%	7.34%	6.28%	5.91%	6.07%	5.56%	4.94%
Earnings Yield	0.00%	40.83%	36.46%	29.99%	15.91%	17.92%	16.65%	16.39%	13.71%	10.70%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.23	1.30	1.27	1.94	2.32	2.60	2.55	2.82	3.21
Enterprise Value to Revenue (EV/Rev)	0.00	1.74	1.81	1.86	2.97	3.52	3.99	3.87	4.44	5.31
Enterprise Value to EBITDA (EV/EBITDA)	0.00	1.73	1.79	1.77	2.83	3.31	3.97	4.16	4.93	6.11
Enterprise Value to EBIT (EV/EBIT)	0.00	1.87	1.93	1.89	3.02	3.54	4.25	4.47	5.30	6.54
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.87	1.93	1.89	3.02	3.54	4.25	4.47	5.30	6.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.14	2.11	1.91	2.94	3.33	3.71	3.87	4.52	5.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.89	1.83	1.79	0.00	3.30	3.91	3.99	4.46	5.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.26	0.29	0.31	0.38	0.27	0.36	0.41	0.38	0.26
Long-Term Debt to Equity	0.00	0.20	0.22	0.25	0.31	0.21	0.33	0.38	0.35	0.23
Financial Leverage	0.19	-0.14	-0.12	-0.14	-0.17	-0.25	-0.20	-0.19	-0.18	-0.25
Leverage Ratio	2.76	1.69	1.67	1.55	1.48	1.37	1.42	1.46	1.50	1.39
Compound Leverage Factor	2.51	1.51	1.61	1.48	1.40	1.29	1.34	1.34	1.36	1.29
Debt to Total Capital	0.00%	20.77%	22.25%	23.93%	27.38%	21.15%	26.21%	28.83%	27.62%	20.50%
Short-Term Debt to Total Capital	0.00%	4.82%	5.03%	4.82%	4.85%	4.20%	1.97%	1.95%	1.99%	2.05%
Long-Term Debt to Total Capital	0.00%	15.94%	17.22%	19.11%	22.52%	16.95%	24.24%	26.88%	25.63%	18.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	20.31%	17.16%	10.51%	6.22%	6.43%	6.55%	2.86%	0.00%	0.00%
Common Equity to Total Capital	0.00%	58.92%	60.60%	65.56%	66.40%	72.42%	67.24%	68.31%	72.38%	79.50%
Debt to EBITDA	0.00	0.51	0.51	0.55	0.66	0.50	0.65	0.79	0.83	0.67
Net Debt to EBITDA	0.00	-0.54	-0.41	-0.36	-0.30	-0.43	-0.31	-0.33	-0.43	-0.68
Long-Term Debt to EBITDA	0.00	0.39	0.39	0.44	0.54	0.40	0.60	0.74	0.77	0.60
Debt to NOPAT	0.00	0.55	0.55	0.59	0.70	0.53	0.70	0.85	0.89	0.71
Net Debt to NOPAT	0.00	-0.58	-0.45	-0.39	-0.32	-0.46	-0.34	-0.36	-0.46	-0.73
Long-Term Debt to NOPAT	0.00	0.42	0.43	0.47	0.58	0.42	0.65	0.80	0.83	0.64
Altman Z-Score	0.00	2.16	2.32	2.23	2.77	3.72	3.56	3.23	3.38	4.48
Noncontrolling Interest Sharing Ratio	53.00%	32.21%	27.68%	22.29%	8.57%	17.35%	15.89%	9.18%	4.42%	4.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.39	1.09	0.99	1.14	1.11	1.76	2.43	2.33	2.00
Quick Ratio	0.00	1.36	1.03	0.93	1.09	1.06	1.64	2.32	2.28	1.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	488	68	99	91	-391	89	83	80	85	86
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	2,711,666.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	64.00	9.01	34.60	26.13	-101.81	22.78	23.90	18.41	20.15	24.39
Operating Cash Flow to Interest Expense	10.82	9.10	25.55	23.30	20.57	19.84	20.50	13.02	12.91	18.79
Operating Cash Flow Less CapEx to Interest Expense	10.86	9.14	25.59	23.30	20.80	20.35	20.55	14.09	12.91	18.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.36	0.37	0.37	0.73	0.35	0.36	0.35	0.33	0.31
Accounts Receivable Turnover	0.00	9.76	9.65	8.43	0.00	7.01	8.17	8.42	7.01	6.75
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	13.67	13.92	0.00	0.00	12.23	11.98	11.88	11.01	10.21
Accounts Payable Turnover	0.00	17.68	0.00	0.00	0.00	22.46	0.00	0.00	0.00	31.26
Days Sales Outstanding (DSO)	0.00	37.40	37.81	43.30	0.00	52.07	44.66	43.35	52.10	54.04
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	20.64	0.00	0.00	0.00	16.25	0.00	0.00	0.00	11.68
Cash Conversion Cycle (CCC)	0.00	16.76	37.81	43.30	0.00	35.82	44.66	43.35	52.10	42.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	466	465	461	458	445	442	432	417	406
Invested Capital Turnover	0.00	0.71	0.71	0.67	1.31	0.64	0.63	0.64	0.60	0.58
Increase / (Decrease) in Invested Capital	-406	2.59	-17	-17	458	-20	-24	-30	-42	-40
Enterprise Value (EV)	0.00	571	606	584	888	1,034	1,149	1,103	1,175	1,302
Market Capitalization	0.00	584	613	623	935	1,121	1,192	1,170	1,276	1,448
Book Value per Share	$0.00	$37.79	$37.27	$39.55	$39.84	$42.03	$37.37	$38.46	$39.63	$42.23
Tangible Book Value per Share	$0.00	$36.63	$36.11	$38.41	$38.73	$40.95	$36.34	$37.44	$38.63	$41.24
Total Capital	0.00	810	777	762	758	733	720	730	715	693
Total Debt	0.00	168	173	182	208	155	189	210	197	142
Total Long-Term Debt	0.00	129	134	146	171	124	175	196	183	128
Net Debt	0.00	-177	-140	-119	-93	-133	-91	-88	-101	-146
Capital Expenditures (CapEx)	-0.29	-0.33	-0.10	0.00	-0.86	-2.00	-0.17	-4.64	-0.00	-0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	23	26	25	26	24	24	21	23	16
Debt-free Net Working Capital (DFNWC)	0.00	62	44	36	44	36	35	53	54	46
Net Working Capital (NWC)	0.00	23	4.71	-0.72	7.49	5.45	21	39	40	32
Net Nonoperating Expense (NNE)	7.63	7.57	2.85	3.49	3.84	3.92	3.49	4.35	4.19	3.52
Net Nonoperating Obligations (NNO)	0.00	-176	-139	-119	-92	-133	-90	-88	-101	-145
Total Depreciation and Amortization (D&A)	7.07	6.48	4.11	4.33	5.07	6.28	3.91	3.13	3.08	3.92
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	7.12%	7.81%	8.07%	8.64%	8.26%	8.40%	7.30%	8.65%	6.43%
Debt-free Net Working Capital to Revenue	0.00%	19.04%	13.09%	11.49%	14.79%	12.34%	12.22%	18.64%	20.34%	18.86%
Net Working Capital to Revenue	0.00%	7.13%	1.41%	-0.23%	2.50%	1.86%	7.28%	13.65%	14.96%	13.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$4.37	$4.40	$2.93	$3.40	$4.86	$4.13	$2.33	$2.04	$3.19
Adjusted Weighted Average Basic Shares Outstanding	0.00	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M
Adjusted Diluted Earnings per Share	$0.00	$3.28	$3.44	$2.49	$2.91	$4.24	$3.83	$2.29	$2.00	$3.23
Adjusted Weighted Average Diluted Shares Outstanding	0.00	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	12.63M	12.63M	12.63M	12.63M	12.96M	12.96M	13.05M	13.05M	13.14M
Normalized Net Operating Profit after Tax (NOPAT)	58	52	57	52	47	48	42	35	30	32
Normalized NOPAT Margin	66.23%	64.01%	71.89%	80.47%	64.04%	63.21%	58.89%	57.01%	57.48%	54.06%
Pre Tax Income Margin	85.35%	78.13%	99.14%	109.41%	87.33%	85.17%	79.21%	74.42%	73.91%	71.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.78	9.35	28.79	21.14	17.64	17.57	17.12	11.59	10.20	13.14
NOPAT to Interest Expense	10.78	9.35	28.79	21.14	17.64	17.57	17.12	11.59	10.20	13.14
EBIT Less CapEx to Interest Expense	10.82	9.39	28.82	21.14	17.86	18.08	17.17	12.66	10.20	13.15
NOPAT Less CapEx to Interest Expense	10.82	9.39	28.82	21.14	17.86	18.08	17.17	12.66	10.20	13.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	24.08%	35.39%	34.86%	35.14%	33.03%	34.20%	35.87%	39.05%	42.77%
Augmented Payout Ratio	0.00%	24.08%	35.39%	34.86%	47.29%	53.18%	77.97%	88.56%	81.88%	78.54%

Frequently Asked Questions About Natural Resource Partners' Financials

When does Natural Resource Partners's financial year end?

According to the most recent income statement we have on file, Natural Resource Partners' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Natural Resource Partners' net income changed over the last 10 years?

Natural Resource Partners' net income appears to be on an upward trend, with a most recent value of $183.64 million in 2024, rising from $108.83 million in 2014. The previous period was $278.44 million in 2023.

What is Natural Resource Partners's operating income?

Natural Resource Partners's total operating income in 2024 was $199.20 million, based on the following breakdown:

Total Gross Profit: $216.99 million
Total Operating Expenses: $35.93 million

How has Natural Resource Partners revenue changed over the last 10 years?

Over the last 10 years, Natural Resource Partners' total revenue changed from $350.92 million in 2014 to $245.03 million in 2024, a change of -30.2%.

How much debt does Natural Resource Partners have?

Natural Resource Partners' total liabilities were at $221.80 million at the end of 2024, a 1.0% increase from 2023, and a 87.1% decrease since 2014.

How much cash does Natural Resource Partners have?

In the past 10 years, Natural Resource Partners' cash and equivalents has ranged from $11.99 million in 2023 to $135.52 million in 2021, and is currently $30.44 million as of their latest financial filing in 2024.

How has Natural Resource Partners' book value per share changed over the last 10 years?

Over the last 10 years, Natural Resource Partners' book value per share changed from 6.56 in 2014 to 42.23 in 2024, a change of 543.4%.

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This page (NYSE:NRP) was last updated on 4/16/2025 by MarketBeat.com Staff

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Natural Resource Partners (NRP) Financials

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Natural Resource Partners (NRP) Financials

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