Professional
Added to YB: 2025-08-04
Pitch date: 2025-07-30
NRP [neutral]
Natural Resource Partners L.P.
+18.68%
current return
Author Info
No bio for this author
Company Info
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States.
Market Cap
$1.6B
Pitch Price
$103.81
Price Target
208.00 (+69%)
Dividend
2.39%
EV/EBITDA
9.91
P/E
11.48
EV/Sales
7.77
Sector
Oil, Gas and Consumable Fuels
Category
value
Greystone Capital Management Portfolio Holding: Natural Resource Partners L.P.
NRP (holding update): Coal royalty biz w/ consistent debt reduction since 2017, targeting net cash within 12-15 months. 2025 FCF affected by lower met coal prices but remains resilient - generated $76M FCF in 2016 coal trough. Est. $130-140M unlevered FCF in 2025 (10% yield) despite trough met coal/soda ash prices. >100% upside potential.
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