Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-23
NRP [bullish]
Natural Resource Partners L.P.
+17.53%
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
$1.2B
Pitch Price
$103.81
Price Target
N/A
Dividend
3.30%
EV/EBITDA
4.93
P/E
6.79
EV/Sales
5.23
Sector
Oil, Gas and Consumable Fuels
Category
value
Greystone Capital Management Portfolio Holding: Natural Resource Partners L.P.
NRP: Coal royalty MLP at 4-6x FCF. 90% FCF margins, 30-40yr reserves. Debt paydown & distribution hikes key. Mgmt owns 30%. Optionality: 49% stake in soda ash biz (35% of mkt cap) & carbon capture potential. Risks: coal price volatility, ESG concerns. Estimate 15-20% FCF yield on cost basis.
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