Natural Resource Partners
Market Cap
US$181.8m
Last Updated
2020/11/25 00:42 UTC
Data Sources
Company Financials +
Executive Summary
Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential second-rate dividend payer.
Similar Companies
Share Price & News
How has Natural Resource Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NRP's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-11.5%
NRP
10.2%
US Oil and Gas
1.8%
US Market
1 Year Return
-29.0%
NRP
-29.6%
US Oil and Gas
20.4%
US Market
Return vs Industry: NRP matched the US Oil and Gas industry which returned -29.6% over the past year.
Return vs Market: NRP underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| NRP | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.5% | 10.2% | 1.8% |
| 30 Day | 23.3% | 26.0% | 6.0% |
| 90 Day | 39.8% | 12.8% | 6.8% |
| 1 Year | -22.4%-29.0% | -24.9%-29.6% | 23.2%20.4% |
| 3 Year | -26.3%-41.0% | -29.9%-39.5% | 47.4%37.6% |
| 5 Year | 31.8%-10.7% | -24.7%-39.7% | 91.9%70.8% |
Long-Term Price Volatility Vs. Market
How volatile is Natural Resource Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Reasons Why I Like Natural Resource Partners LP (NYSE:NRP)2 years ago | Simply Wall St
Should You Be Tempted To Buy Natural Resource Partners LP (NYSE:NRP) Because Of Its PE Ratio?2 years ago | Simply Wall St
Best Undervalued Energy Stocks in JuneValuation
Is Natural Resource Partners undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRP ($14.83) is trading below our estimate of fair value ($38.83)
Significantly Below Fair Value: NRP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NRP is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: NRP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NRP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NRP's PB Ratio (0.9x) is in line with the US Oil and Gas industry average.
Next Steps
Future Growth
How is Natural Resource Partners forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
106.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: NRP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NRP's is expected to become profitable in the next 3 years.
Revenue vs Market: NRP's revenue (21.2% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: NRP's revenue (21.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Natural Resource Partners performed over the past 5 years?
15.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRP is currently unprofitable.
Growing Profit Margin: NRP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NRP is unprofitable, but has reduced losses over the past 5 years at a rate of 15.7% per year.
Accelerating Growth: Unable to compare NRP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NRP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).
Return on Equity
High ROE: NRP has a negative Return on Equity (-59.73%), as it is currently unprofitable.
Next Steps
Financial Health
How is Natural Resource Partners's financial position?
Financial Position Analysis
Short Term Liabilities: NRP's short term assets ($137.0M) exceed its short term liabilities ($67.6M).
Long Term Liabilities: NRP's short term assets ($137.0M) do not cover its long term liabilities ($508.4M).
Debt to Equity History and Analysis
Debt Level: NRP's debt to equity ratio (134.1%) is considered high.
Reducing Debt: NRP's debt to equity ratio has reduced from 1427.1% to 134.1% over the past 5 years.
Debt Coverage: NRP's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: Insufficient data to determine if NRP's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Natural Resource Partners's current dividend yield, its reliability and sustainability?
12.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRP's dividend (12.14%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: NRP's dividend (12.14%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: NRP's dividend payments have been volatile in the past 10 years.
Growing Dividend: NRP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NRP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NRP's dividends in 3 years are forecast to be covered by earnings (61.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Corby Robertson (73 yo)
18.08yrs
Tenure
US$2,245,090
Compensation
Mr. Corbin J. Robertson, Jr., also known as Corby, has been Director at KLX Energy Services Holdings, Inc. since July 28, 2020. Mr. Robertson serves a Managing Partner and Principal of Quintana Capital Gro...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of GP Natural Resource Partners LLC | 18.08yrs | US$2.25m | 5.57% $ 10.1m | |
| President & COO of GP Natural Resource Partners LLC | 3.25yrs | US$1.58m | no data | |
| CFO & Treasurer of GP Natural Resource Partners LLC | 3.25yrs | US$1.15m | no data | |
| VP, General Counsel & Secretary of GP Natural Resource Partners LLC | 6.92yrs | US$1.14m | no data | |
| Executive Vice President of Coal - GP Natural Resource Partners LLC | 6.17yrs | US$1.01m | 0.0077% $ 14.1k | |
| Investor Relations | no data | no data | no data | |
| VP & Chief Engineer of GP Natural Resource Partners LLC | 6.92yrs | no data | no data | |
| Consultant of GP Natural Resource Partners LLC | 6.17yrs | US$93.69k | no data |
6.2yrs
Average Tenure
59yo
Average Age
Experienced Management: NRP's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of GP Natural Resource Partners LLC | 18.08yrs | US$2.25m | 5.57% $ 10.1m | |
| Director of GP Natural Resource Partners LLC | 2.67yrs | US$156.07k | 0.062% $ 112.9k | |
| Independent Director of GP Natural Resource Partners LLC | 7.08yrs | US$176.07k | 0.0082% $ 14.8k | |
| Independent Director of GP Natural Resource Partners LLC | 16.67yrs | US$176.07k | 0.0029% $ 5.3k | |
| Director of GP Natural Resource Partners LLC | 18.08yrs | US$156.07k | 5.06% $ 9.2m | |
| Independent Presiding Director of GP Natural Resource Partners LLC | no data | US$176.07k | 0.052% $ 94.2k | |
| Director of GP Natural Resource Partners LLC | 1.67yrs | no data | no data | |
| Director of GP Natural Resource Partners LLC | 7.5yrs | US$156.07k | 1.87% $ 3.4m | |
| Independent Director of GP Natural Resource Partners LLC | 2.67yrs | US$166.07k | 0.034% $ 61.0k |
7.3yrs
Average Tenure
61yo
Average Age
Experienced Board: NRP's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Natural Resource Partners L.P.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Natural Resource Partners L.P.
- Ticker: NRP
- Exchange: NYSE
- Founded: 2002
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: US$181.834m
- Shares outstanding: 12.26m
- Website: https://www.nrplp.com
Number of Employees
Location
- Natural Resource Partners L.P.
- 1201 Louisiana Street
- Suite 3400
- Houston
- Texas
- 77002
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NRP | NYSE (New York Stock Exchange) | Yes | Common Units | US | USD | Oct 2002 |
| NRZ1 | DB (Deutsche Boerse AG) | Yes | Common Units | DE | EUR | Oct 2002 |
Biography
Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Coal Royalty and Other, and Soda Ash...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 00:42 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.