Natural Resource Partners Q2 revenue rises on higher coal volumes

Natural Resource Partners

05/08/2026 12:07

Overview
US mineral rights and soda ash operator's Q2 revenue grew yr/yr, driven by higher coal sales volumes
Q2 net income declined yr/yr due to revised engineering and increased depletion rate at a thermal property
Company declared Q2 2026 cash distribution of $0.75 per unit

Outlook
NRP says it is on track to pay off all debt and raise distributions before year-end
Company does not expect to receive distributions from Sisecam Wyoming for several years
Mineral Rights segment results continue to be impacted by low natural gas prices and soft global steel demand

Result Drivers
COAL VOLUMES AND PRICES - Mineral Rights revenue rose on higher metallurgical and thermal coal sales volumes and higher prices at certain properties
THERMAL PROPERTY DEPLETION - Mineral Rights net income fell due to revised engineering and increased depletion rate at a thermal property
SODA ASH MARKET WEAKNESS - Soda Ash segment net income and cash flow declined due to lower sales prices and no distribution from Sisecam Wyoming

Company press release: ID:nGNX5ldr5x

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$48.11 mln
 
Q2 EPS
 
$1.85
 
Q2 Net Income
 
$25.18 mln
 
Q2 Free Cash Flow
 
$41.72 mln
 
Q2 Income from Operations
 
$26.23 mln
 
Q2 Operating Cash Flow
 
$40.95 mln
 
Q2 Operating Expenses
 
$21.88 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)