Natural Resource Partners Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	218.7	245.03	293.66	328.09	194.25	129.01
Revenue Growth (YoY)	-14.79%	-16.56%	-10.49%	68.90%	50.57%	-38.67%
Cost of Revenue	28.23	28.04	32.32	34.9	27.05	24.8
Gross Profit	190.47	216.99	261.34	293.18	167.2	104.22
Selling, General & Admin	25.11	25.15	26.11	21.85	17.36	14.29
Operating Expenses	39.57	40.77	45.16	48.83	41.54	159.38
Operating Income	150.9	176.22	216.19	244.35	125.66	-55.16
Interest Expense	-10.65	-15.55	-14.1	-26.27	-38.88	-40.97
Interest & Investment Income	0.3	-	-	-	-	-
Earnings From Equity Investments	5.68	18.14	73.4	59.8	21.87	10.73
EBT Excluding Unusual Items	146.22	178.8	275.48	277.88	108.66	-85.4
Gain (Loss) on Sale of Assets	1.92	4.85	2.96	1.08	0.25	0.58
Other Unusual Items	-	-	-	-10.47	-	-
Pretax Income	148.14	183.64	278.44	268.49	108.9	-84.82
Earnings From Continuing Operations	148.14	183.64	278.44	268.49	108.9	-84.82
Net Income to Company	148.14	183.64	278.44	268.49	108.9	-84.82
Minority Interest in Earnings	-2.96	-3.1	-4.02	-4.77	-1.55	2.3
Net Income	145.18	180.55	274.42	263.72	107.36	-82.52
Preferred Dividends & Other Adjustments	-	28.73	77.65	30	31.61	30.23
Net Income to Common	145.18	151.81	196.77	233.72	75.75	-112.74
Net Income Growth	-28.25%	-34.21%	4.06%	145.65%	-	-
Shares Outstanding (Basic)	13	13	13	12	12	12
Shares Outstanding (Diluted)	13	14	16	20	22	12
Shares Change (YoY)	-5.12%	-15.21%	-18.10%	-11.45%	81.01%	0.01%
EPS (Basic)	11.08	11.69	15.59	18.72	6.14	-9.20
EPS (Diluted)	10.92	11.35	13.08	13.39	4.81	-9.20
EPS Growth	-13.33%	-13.24%	-2.31%	178.41%	-	-
Free Cash Flow	187.32	248.49	310.97	266.72	121.8	89.27
Free Cash Flow Per Share	14.09	18.21	19.32	13.57	5.49	7.28
Dividend Per Share	3.000	3.000	3.000	3.000	1.800	1.350
Dividend Growth	-	-	-	66.67%	33.33%	-25.00%
Gross Margin	87.09%	88.56%	89.00%	89.36%	86.08%	80.78%
Operating Margin	69.00%	71.92%	73.62%	74.48%	64.69%	-42.76%
Profit Margin	66.38%	61.96%	67.01%	71.24%	39.00%	-87.39%
Free Cash Flow Margin	85.65%	101.42%	105.90%	81.30%	62.70%	69.20%
EBITDA	165.36	191.84	235.23	271.33	149.84	89.92
EBITDA Margin	75.61%	78.29%	80.10%	82.70%	77.14%	69.70%
D&A For EBITDA	14.46	15.62	19.05	26.98	24.18	145.08
EBIT	150.9	176.22	216.19	244.35	125.66	-55.16
EBIT Margin	69.00%	71.92%	73.62%	74.48%	64.69%	-42.76%
Revenue as Reported	226.3	268.01	370.01	388.96	216.36	140.32

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q