Natural Resource Partners (NRP) Q2 FY26 earnings call

Natural Resource Partners delivered robust free cash flow in the second quarter, driven by its resilient mineral rights segment, and is on the cusp of becoming virtually debt-free. Despite ongoing challenges in the soda ash market, including oversupply and anticipated lower domestic prices, and long-term headwinds for thermal coal, the company plans a significant increase in unit holder distributions starting in November, signaling confidence in its cash-generating capabilities and financial strength.