Natural Resource Partners LP
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. It owns interests in coal, soda ash, trona, and other natural resources. The company's coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder Riv… Read more
Natural Resource Partners LP (NRP) - Net Assets
Latest net assets as of December 2025: $632.52 Million USD
Based on the latest financial reports, Natural Resource Partners LP (NRP) has net assets worth $632.52 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($748.37 Million) and total liabilities ($115.85 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $632.52 Million |
| % of Total Assets | 84.52% |
| Annual Growth Rate | 16.17% |
| 5-Year Change | 43.78% |
| 10-Year Change | 338.74% |
| Growth Volatility | 482.83 |
Natural Resource Partners LP - Net Assets Trend (2000–2025)
This chart illustrates how Natural Resource Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Natural Resource Partners LP (2000–2025)
The table below shows the annual net assets of Natural Resource Partners LP from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $632.52 Million | +14.77% |
| 2024-12-31 | $551.11 Million | -4.69% |
| 2023-12-31 | $578.24 Million | -9.94% |
| 2022-12-31 | $642.04 Million | +45.94% |
| 2021-12-31 | $439.93 Million | +17.99% |
| 2020-12-31 | $372.86 Million | -25.52% |
| 2019-12-31 | $500.62 Million | -14.44% |
| 2018-12-31 | $585.13 Million | +34.44% |
| 2017-12-31 | $435.25 Million | +201.90% |
| 2016-12-31 | $144.17 Million | +65.74% |
| 2015-12-31 | $86.98 Million | -87.92% |
| 2014-12-31 | $720.15 Million | +16.76% |
| 2013-12-31 | $616.79 Million | -0.11% |
| 2012-12-31 | $617.45 Million | -4.26% |
| 2011-12-31 | $644.91 Million | -21.85% |
| 2010-12-31 | $825.18 Million | +7.83% |
| 2009-12-31 | $765.23 Million | +2.94% |
| 2008-12-31 | $743.34 Million | -0.17% |
| 2007-12-31 | $744.59 Million | +70.90% |
| 2006-12-31 | $435.69 Million | +2.30% |
| 2005-12-31 | $425.91 Million | +4.09% |
| 2004-12-31 | $409.19 Million | +32.79% |
| 2003-12-31 | $308.16 Million | -3.29% |
| 2002-12-31 | $318.63 Million | +2464.87% |
| 2001-12-31 | $12.42 Million | -16.77% |
| 2000-12-31 | $14.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Natural Resource Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $625.19 Million | 100.64% |
| Other Comprehensive Income | $-4.00 Million | -0.64% |
| Total Equity | $621.19 Million | 100.00% |
Natural Resource Partners LP Competitors by Market Cap
The table below lists competitors of Natural Resource Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JiLin Sino-Microelectronics Co Ltd
SHG:600360
|
$1.18 Billion |
|
HAOTF
PINK:HAOTF
|
$1.18 Billion |
|
Capricor Therapeutics Inc
NASDAQ:CAPR
|
$1.18 Billion |
|
ChengDu Hi-Tech Development Co Ltd
SHE:000628
|
$1.18 Billion |
|
Kunshan Kinglai Hygienic Materials Co Ltd
SHE:300260
|
$1.18 Billion |
|
Brederode
LSE:0QWB
|
$1.18 Billion |
|
Beach Energy Limited
F:BPS
|
$1.18 Billion |
|
Shanghai Zhonggu Logistics Co Ltd
SHG:603565
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Natural Resource Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 541,561,000 to 621,187,000, a change of 79,626,000 (14.7%).
- Net income of 133,639,999 contributed positively to equity growth.
- Dividend payments of 56,440,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,331,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $133.64 Million | +21.51% |
| Dividends Paid | $56.44 Million | -9.09% |
| Other Comprehensive Income | $-2.33 Million | -0.38% |
| Other Changes | $4.76 Million | +0.77% |
| Total Change | $- | 14.70% |
Book Value vs Market Value Analysis
This analysis compares Natural Resource Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 43.24x to 2.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $2.74 | $118.27 | x |
| 2002-12-31 | $140.32 | $118.27 | x |
| 2003-12-31 | $135.70 | $118.27 | x |
| 2004-12-31 | $152.15 | $118.27 | x |
| 2005-12-31 | $148.45 | $118.27 | x |
| 2006-12-31 | $85.96 | $118.27 | x |
| 2007-12-31 | $115.43 | $118.27 | x |
| 2008-12-31 | $121.49 | $118.27 | x |
| 2009-12-31 | $124.02 | $118.27 | x |
| 2010-12-31 | $115.49 | $118.27 | x |
| 2011-12-31 | $72.61 | $118.27 | x |
| 2012-12-31 | $57.06 | $118.27 | x |
| 2013-12-31 | $55.37 | $118.27 | x |
| 2014-12-31 | $62.60 | $118.27 | x |
| 2015-12-31 | $6.47 | $118.27 | x |
| 2016-12-31 | $12.45 | $118.27 | x |
| 2017-12-31 | $12.77 | $118.27 | x |
| 2018-12-31 | $25.46 | $118.27 | x |
| 2019-12-31 | $40.78 | $118.27 | x |
| 2020-12-31 | $30.39 | $118.27 | x |
| 2021-12-31 | $27.82 | $118.27 | x |
| 2022-12-31 | $32.20 | $118.27 | x |
| 2023-12-31 | $35.43 | $118.27 | x |
| 2024-12-31 | $40.49 | $118.27 | x |
| 2025-12-31 | $46.76 | $118.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Natural Resource Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.05%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.20x
- Recent ROE (21.51%) is above the historical average (-0.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 85.92% | 56.88% | 0.29x | 5.13x | $11.33 Million |
| 2001 | 117.07% | 56.00% | 0.38x | 5.48x | $13.30 Million |
| 2002 | 2.01% | 46.17% | 0.04x | 1.23x | $-25.45 Million |
| 2003 | 11.98% | 43.18% | 0.16x | 1.73x | $6.09 Million |
| 2004 | 14.42% | 48.58% | 0.20x | 1.47x | $18.07 Million |
| 2005 | 21.56% | 57.74% | 0.23x | 1.61x | $49.25 Million |
| 2006 | 23.43% | 59.82% | 0.18x | 2.16x | $58.52 Million |
| 2007 | 13.77% | 47.68% | 0.16x | 1.77x | $28.04 Million |
| 2008 | 21.57% | 58.29% | 0.22x | 1.65x | $91.17 Million |
| 2009 | 13.59% | 44.55% | 0.17x | 1.81x | $30.12 Million |
| 2010 | 16.33% | 51.25% | 0.18x | 1.76x | $59.86 Million |
| 2011 | 6.89% | 14.04% | 0.23x | 2.16x | $-23.96 Million |
| 2012 | 35.26% | 56.27% | 0.21x | 2.92x | $152.85 Million |
| 2013 | 28.36% | 53.12% | 0.16x | 3.28x | $111.40 Million |
| 2014 | 15.35% | 30.37% | 0.15x | 3.45x | $37.93 Million |
| 2015 | -722.84% | -130.25% | 0.26x | 21.29x | $-579.63 Million |
| 2016 | 63.62% | 29.28% | 0.23x | 9.49x | $81.66 Million |
| 2017 | 44.37% | 26.57% | 0.24x | 6.95x | $68.68 Million |
| 2018 | 39.29% | 68.82% | 0.15x | 3.78x | $104.03 Million |
| 2019 | -4.89% | -11.63% | 0.19x | 2.17x | $-74.49 Million |
| 2020 | -22.78% | -65.75% | 0.14x | 2.48x | $-122.06 Million |
| 2021 | 24.86% | 56.06% | 0.20x | 2.18x | $65.09 Million |
| 2022 | 42.21% | 81.84% | 0.37x | 1.38x | $204.89 Million |
| 2023 | 48.12% | 93.45% | 0.37x | 1.40x | $217.40 Million |
| 2024 | 33.91% | 74.95% | 0.32x | 1.43x | $129.49 Million |
| 2025 | 21.51% | 66.05% | 0.27x | 1.20x | $71.52 Million |
Industry Comparison
This section compares Natural Resource Partners LP's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $8,744,092,304
- Average return on equity (ROE) among peers: -23.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Natural Resource Partners LP (NRP) | $632.52 Million | 85.92% | 0.18x | $1.18 Billion |
| AIM Energy Inc (AEXE) | $-1.47 Million | 0.00% | 0.00x | $110.24K |
| Morien Resources Corp (APMCF) | $2.27 Million | -24.69% | 0.20x | $8.67 Million |
| Alliance Resource Partners LP (ARLP) | $-46.55 Million | 0.00% | 0.00x | $2.47 Billion |
| Peabody Energy Corp (BTU) | $2.73 Billion | -28.86% | 3.84x | $3.53 Billion |
| Consol Energy Inc (CEIX) | $551.61 Million | 27.73% | 4.00x | $2.71 Billion |
| Colombia Energy Resources Inc (CERX) | $-129.93K | 0.00% | 0.00x | $0.92 |
| Core Natural Resources, Inc. (CNR) | $553.52 Million | -1.76% | 3.56x | $4.91 Billion |
| China Shenhua Energy Co Ltd (CSUAY) | $84.21 Billion | 19.52% | 0.94x | $97.80 Billion |
| Southstone Minerals Limited (FDGMF) | $995.43K | -225.71% | 4.43x | $65.85K |
| Feishang Anthracite Resources Limited (FSHRF) | $-551.82 Million | 0.00% | 0.00x | $1.85 Million |