Natural Resource Partners LP Net Assets
Natural Resource Partners LP net assets. Based on the latest financial reports, Natural Resource Partners LP (NRP) has net assets worth $632.53 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($771.66 Million) and total liabilities ($139.12 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. Also explore net asset momentum of Natural Resource Partners LP to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $632.53 Million |
| % of Total Assets | 81.97% |
| Annual Growth Rate | 16.17% |
| 5-Year Change | 43.78% |
| 10-Year Change | 338.74% |
| Growth Volatility | 482.83 |
Net Assets of Natural Resource Partners LP (2000–2025)
Net assets of Natural Resource Partners LP from 2000 to 2025. This chart illustrates how Natural Resource Partners LP's net assets have evolved over time, based on quarterly financial data. See Natural Resource Partners LP net asset quality index to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see NRP company net worth.
| 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.
Natural Resource Partners LP Net Assets Breakdown (December 2025)
Natural Resource Partners LP net assets breakdown by equity component as of 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 |
|---|---|
|
Cultural Investment Holdings Co Ltd
SHG:600715
|
$1.40 Billion |
|
Linea Directa Aseguradora SA Compania de Seguros y Reaseguros
MC:LDA
|
$1.40 Billion |
|
Cartrade Tech Limited
NSE:CARTRADE
|
$1.40 Billion |
|
Iljin Electric Co
KO:103590
|
$1.40 Billion |
|
World Kinect Corporation
NYSE:WKC
|
$1.40 Billion |
|
Shenzhen Hymson Laser Intelligent Equipments Co Ltd
SHG:688559
|
$1.40 Billion |
|
Faes Farma SA
MC:FAE
|
$1.40 Billion |
|
Shenzhen Batian Ecotypic Engineering Co Ltd
SHE:002170
|
$1.39 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: 2.52x
- 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 43.03x to 2.52x 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 | $117.71 | x |
| 2002-12-31 | $140.32 | $117.71 | x |
| 2003-12-31 | $135.70 | $117.71 | x |
| 2004-12-31 | $152.15 | $117.71 | x |
| 2005-12-31 | $148.45 | $117.71 | x |
| 2006-12-31 | $85.96 | $117.71 | x |
| 2007-12-31 | $115.43 | $117.71 | x |
| 2008-12-31 | $121.49 | $117.71 | x |
| 2009-12-31 | $124.02 | $117.71 | x |
| 2010-12-31 | $115.49 | $117.71 | x |
| 2011-12-31 | $72.61 | $117.71 | x |
| 2012-12-31 | $57.06 | $117.71 | x |
| 2013-12-31 | $56.28 | $117.71 | x |
| 2014-12-31 | $62.60 | $117.71 | x |
| 2015-12-31 | $6.47 | $117.71 | x |
| 2016-12-31 | $12.45 | $117.71 | x |
| 2017-12-31 | $12.77 | $117.71 | x |
| 2018-12-31 | $25.46 | $117.71 | x |
| 2019-12-31 | $40.78 | $117.71 | x |
| 2020-12-31 | $30.39 | $117.71 | x |
| 2021-12-31 | $27.82 | $117.71 | x |
| 2022-12-31 | $32.20 | $117.71 | x |
| 2023-12-31 | $35.43 | $117.71 | x |
| 2024-12-31 | $40.49 | $117.71 | x |
| 2025-12-31 | $46.76 | $117.71 | 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 (-0.21%), 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 | 27.90% | 53.12% | 0.16x | 3.23x | $110.40 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: $1,725,629,750
- Average return on equity (ROE) among peers: 13.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Natural Resource Partners LP (NRP) | $632.53 Million | 85.92% | 0.22x | $1.40 Billion |
| Alliance Resource Partners LP (ARLP) | $1.85 Billion | 19.47% | 0.57x | $3.14 Billion |
| Peabody Energy Corp (BTU) | $3.58 Billion | -1.48% | 0.62x | $1.95 Billion |
| Core Natural Resources, Inc. (CNR) | $1.06 Billion | 28.91% | 1.70x | $4.00 Billion |
| NACCO Industries Inc (NC) | $404.95 Million | 8.33% | 0.56x | $203.22 Million |
About 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