Natural Resource Partners LP

Natural Resource Partners L.P. is a diversified natural resource master limited partnership that owns, manages, and leases a broad portfolio of properties across the United States, including coal, industrial minerals, and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. NRP generates revenue primarily through mineral royalties from coal production on its properties, with approximately 70% of coal royalty revenues derived from metallurgical coal. The partnership also holds an equity investment in Sisecam Wyoming LLC, one of the world's lowest-cost producers of soda ash (trona). NRP operates through two reportable segments: Mineral Rights and Soda Ash. The Mineral Rights segment earns royalties, minimum lease payments, property tax revenues, oil and gas royalties, transportation and processing fees, and other income from its mineral and surface estate. The Soda Ash segment reflects NRP's equity interest in Sisecam Wyoming's trona mining and soda ash refining operations. The partnership trades on the NYSE under the ticker NRP. Updated Aug 5, 2026