NYSE · Energy · Thermal Coal · USA
Natural Resource Partners LP is a small cap company (market value between $300 million and $2 billion) in the Thermal Coal industry.
Natural Resource Partners LP owns and leases mineral properties across the United States. The company operates through two segments: Mineral Rights, which generates royalties from coal, oil and gas, industrial minerals, and aggregates, plus carbon offset and renewable energy activities; and Soda Ash, a non-controlling interest in Sisecam Wyoming, which produces soda ash for glass, solar panels, detergents, and batteries.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Natural Resource Partners LP stock.
Overvalued: intrinsic value $84.90 per share, market price $113.70, margin of safety -33.9% (as of 2026-10-19).
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $84.90; the price of $113.70 is 34% above that value, and 78% of that value comes from beyond year five.
Leak Score: 70/100 on 10 of 12 signals (Clear Leak).
NRP is overvalued (as of the 2026-10-19 close). Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $84.90; the price of $113.70 is 34% above that value, and 78% of that value comes from beyond year five.
$84.90 per share (as of the 2026-10-19 close), against a market price of $113.70. That is a margin of safety of -33.9%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
70 out of 100, which we rate "Clear Leak", on 10 of 12 value investing signals.