NYSE:NRP

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Natural Resource Partners

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


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

NRPIndustryMarket
7 Day-11.5%10.2%1.8%
30 Day23.3%26.0%6.0%
90 Day39.8%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 Year31.8%-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

Valuation

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

NamePositionTenureCompensationOwnership
Corbin Robertson
Chairman & CEO of GP Natural Resource Partners LLC18.08yrsUS$2.25m5.57%
$ 10.1m
Craig Nunez
President & COO of GP Natural Resource Partners LLC3.25yrsUS$1.58mno data
Christopher Zolas
CFO & Treasurer of GP Natural Resource Partners LLC3.25yrsUS$1.15mno data
Kathryn Wilson
VP, General Counsel & Secretary of GP Natural Resource Partners LLC6.92yrsUS$1.14mno data
Kevin Craig
Executive Vice President of Coal - GP Natural Resource Partners LLC6.17yrsUS$1.01m0.0077%
$ 14.1k
Tiffany Sammis
Investor Relationsno datano datano data
Gregory Wooten
VP & Chief Engineer of GP Natural Resource Partners LLC6.92yrsno datano data
Nick Carter
Consultant of GP Natural Resource Partners LLC6.17yrsUS$93.69kno 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

NamePositionTenureCompensationOwnership
Corbin Robertson
Chairman & CEO of GP Natural Resource Partners LLC18.08yrsUS$2.25m5.57%
$ 10.1m
Paul Murphy
Director of GP Natural Resource Partners LLC2.67yrsUS$156.07k0.062%
$ 112.9k
Richard Navarre
Independent Director of GP Natural Resource Partners LLC7.08yrsUS$176.07k0.0082%
$ 14.8k
Stephen Smith
Independent Director of GP Natural Resource Partners LLC16.67yrsUS$176.07k0.0029%
$ 5.3k
S. Morian
Director of GP Natural Resource Partners LLC18.08yrsUS$156.07k5.06%
$ 9.2m
Leo Vecellio
Independent Presiding Director of GP Natural Resource Partners LLCno dataUS$176.07k0.052%
$ 94.2k
Alexander Greene
Director of GP Natural Resource Partners LLC1.67yrsno datano data
Corbin Robertson
Director of GP Natural Resource Partners LLC7.5yrsUS$156.07k1.87%
$ 3.4m
Galdino Claro
Independent Director of GP Natural Resource Partners LLC2.67yrsUS$166.07k0.034%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRPNYSE (New York Stock Exchange)YesCommon UnitsUSUSDOct 2002
NRZ1DB (Deutsche Boerse AG)YesCommon UnitsDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 00:42
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.