Natural Resource Partners L.P.

NRPNYSEEnergy● Active

$105.51

$-0.49(-0.46%)

Market Cap$1.4B

P/E Ratio—

52W High$128.6

52W Low$92.1

Avg Volume38K

Open$105.11

Beta0.12

Overview

Natural Resource Partners L.P. (NRP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NRP · free cash flow · updated Jun 8, 2026

Core FCF metrics

NRP · FCF · TTM · margin & CAGR

Free cash flow was $165.9M for FY2025 (fiscal year ending 2025-12-31), down 33.3% year-over-year The FCF margin was 82.0%. Five-year CAGR stands at +13.2%.

FY2025 Free Cash Flow$165.9M▼ -33.3% YoY

Trailing 12M (TTM)$164.5Mtrailing 4 quarters sum

FCF Margin82.0%$165.9M ÷ revenue

3-Year CAGR-14.6%FY2022 → FY2025

5-Year CAGR+13.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NRP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$165.9M(0M)$165.9M▼ 33.3%82.0%

FY2024$248.5M(0M)$248.5M▼ 20.1%101.4%

FY2023$311.0M(0M)$311.0M▲ +16.6%105.9%

FY2022$266.8M(0M)$266.7M▲ +119.0%81.3%

FY2021$121.8M(0M)$121.8M▲ +36.4%62.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NRP · P/FCF · FCF yield · FCF per share

Natural Resource Partners L.P. (NRP) trades at a FCF yield of 11.76% and a price-to-free-cash-flow ratio of 8.5x. FCF per share stands at $12.38, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$12.38

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NRP · cash flow statement · operating / investing / financing

For FY2025, Natural Resource Partners L.P. generated $165.9M in operating cash flow and spent 0M in capital expenditures, yielding $165.9M in free cash flow.

Operating Activities

+$165.9M

Cash from core business operations

2025-12-31

Investing Activities

+$4.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$170.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($165.9M) − |CapEx| (0M) = FCF ($165.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

NRP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Natural Resource Partners L.P.YOU

NRP

$165.9M-33.3%82.0%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Natural Resource Partners L.P. (NRP) reported free cash flow of $165.9M for FY2025 (fiscal year ending 2025-12-31), down 33.3% year-over-year. The FCF margin was 82.0%.

Based on available data, Natural Resource Partners L.P. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $311.0M in FY2023. The 5-year CAGR stands at +13.2%.

Natural Resource Partners L.P.'s FCF yield is 11.76% and price-to-FCF ratio is 8.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NRP free cash flow · 8 questions

Natural Resource Partners L.P. free cash flow was $165.9M for FY2025, down 33.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $164.5M.

NRP free cash flowNRP FCFNRP FCF 2025NRP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Natural Resource Partners L.P. · Natural Resource Partners L.P. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026