Natural Resource Partners Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	202.34	245.03	293.66	328.09	194.25
Other Revenue	4.94	-	-	-	-
Revenue	207.28	245.03	293.66	328.09	194.25
Revenue Growth (YoY)	-15.40%	-16.56%	-10.49%	68.90%	50.57%
Cost of Revenue	23.85	28.04	32.32	34.9	27.05
Gross Profit	183.43	216.99	261.34	293.18	167.2
Selling, General & Admin	24.1	25.15	26.11	21.85	17.36
Operating Expenses	39.06	40.77	45.16	48.83	41.54
Operating Income	144.37	176.22	216.19	244.35	125.66
Interest Expense	-7.98	-15.55	-14.1	-26.27	-38.88
Earnings From Equity Investments	-	18.14	73.4	59.8	21.87
EBT Excluding Unusual Items	136.39	178.8	275.48	277.88	108.66
Gain (Loss) on Sale of Assets	-	4.85	2.96	1.08	0.25
Asset Writedown	-0.02	-	-	-	-
Other Unusual Items	-	-	-	-10.47	-
Pretax Income	136.37	183.64	278.44	268.49	108.9
Earnings From Continuing Operations	136.37	183.64	278.44	268.49	108.9
Net Income to Company	136.37	183.64	278.44	268.49	108.9
Minority Interest in Earnings	-2.73	-3.1	-4.02	-4.77	-1.55
Net Income	133.64	180.55	274.42	263.72	107.36
Preferred Dividends & Other Adjustments	-	28.73	77.65	30	31.61
Net Income to Common	133.64	151.81	196.77	233.72	75.75
Net Income Growth	-25.98%	-34.21%	4.06%	145.65%	-
Shares Outstanding (Basic)	13	13	13	12	12
Shares Outstanding (Diluted)	13	14	16	20	22
Shares Change (YoY)	-2.46%	-15.21%	-18.10%	-11.45%	81.01%
EPS (Basic)	10.18	11.69	15.59	18.72	6.14
EPS (Diluted)	10.04	11.35	13.08	13.39	4.81
EPS Growth	-11.52%	-13.24%	-2.31%	178.41%	-
Free Cash Flow	165.86	248.49	310.97	266.72	121.8
Free Cash Flow Per Share	12.46	18.21	19.32	13.57	5.49
Dividend Per Share	-	3.000	3.000	3.000	1.800
Dividend Growth	-	-	-	66.67%	33.33%
Gross Margin	88.49%	88.56%	89.00%	89.36%	86.08%
Operating Margin	69.65%	71.92%	73.62%	74.48%	64.69%
Profit Margin	64.47%	61.96%	67.01%	71.24%	39.00%
Free Cash Flow Margin	80.02%	101.42%	105.90%	81.30%	62.70%
EBITDA	159.33	191.84	235.23	271.33	149.84
EBITDA Margin	76.86%	78.29%	80.10%	82.70%	77.14%
D&A For EBITDA	14.96	15.62	19.05	26.98	24.18
EBIT	144.37	176.22	216.19	244.35	125.66
EBIT Margin	69.65%	71.92%	73.62%	74.48%	64.69%
Revenue as Reported	207.28	268.01	370.01	388.96	216.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q