Jun 2026 (Q2 FY26) — Aug 5, 2026
Natural Resource Partners L.P. Q2 FY26 — Strong Free Cash Flow and Near Debt-Free Status
Read the full callNatural Resource Partners earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 51.3 | −21.8% YoY | Quarterly, as filed | Quarter to Mar 2025 | Revenue from operations as filed. |
| Operating margin | 83.7 | −7.3 pts YoY | Operating profit / revenue | Quarter to Mar 2025 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Mar 2025 | Not in the filed figures for the quarter to mar 2025. No older figure is substituted. |
Price
1Y: $103.84 on 17 Oct 2025 → $113.7. High $125.41 (13 Feb 2026), low $96 (20 Jul 2026).
Overview
Call summaries
Natural Resource Partners L.P. Q2 FY26 — Strong Free Cash Flow and Near Debt-Free Status
Read the full callEvery analysed call
Financials
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 61 | 69 | 73 | 66 | 55 | 50 | 62 | 51 |
| Expenses | 17 | 19 | 24 | 17 | 15 | 18 | 19 | 18 |
| Operating profit | 74 | 68 | 69 | 60 | 50 | 43 | 46 | 43 |
| Operating margin | 121.0% | 98.8% | 94.5% | 91.0% | 92.3% | 84.9% | 74.9% | 83.7% |
| Interest | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 3 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 757 | 585 | 549 | 514 | 235 | 220 | 222 | 116 |
| Fixed assets | 1 | — | — | — | — | — | — | — |
| Total assets | 1,342 | 1,086 | 922 | 954 | 877 | 798 | 773 | 748 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 189 | 137 | 89 | 122 | 267 | 311 | 248 | 166 |
| Cash from investing | 191 | 8 | 2 | 2 | 3 | 5 | 8 | 5 |
| Cash from financing | -203 | -253 | -89 | -88 | -366 | -343 | -238 | -171 |
| Net cash flow | 176 | -108 | 2 | 36 | -96 | -27 | 18 | -0 |
| Capital expenditure | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Free cash flow | 189 | 137 | 89 | 122 | 267 | 311 | 248 | 166 |
21 filings between Dec 31, 2025 and Aug 28, 2026.
Purchases
$34.3K
1 purchase by 1 insider
Sales
$244.0K
1 sale by 1 insider
Also filed: 1 other.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| WOOTEN GREGORY F | — | $244.0K | Aug 28, 2026 |
| Craig Kevin J | $34.3K | — | May 26, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 28, 2026 | WOOTEN GREGORY F Executive Vice President | Sale | 2,200 | $244.0K |
| May 26, 2026 | Craig Kevin J Executive Vice President | Purchase | 336 | $34.3K |
| Feb 10, 2026 | MURPHY PAUL B JR Director | Option exercise | 1,076 | — |
| Feb 10, 2026 | NAVARRE RICHARD A Director | Option exercise | 1,076 | — |
| Feb 10, 2026 | VECELLIO LEO A JR Director | Option exercise | 1,076 | — |
| Feb 10, 2026 | Claro Galdino J. Director | Option exercise | 1,076 | — |
| Feb 10, 2026 | ROBERTSON CORBIN J III Director | Option exercise | 1,076 | — |
| Feb 10, 2026 | Craig Kevin J Executive Vice President | Option exercise | 11,101 | — |
| Feb 10, 2026 | Craig Kevin J Executive Vice President | Tax withheld | 4,923 | $605.7K |
| Feb 10, 2026 | WARMAN PHILIP T General Counsel and Secretary | Option exercise | 10,799 | — |
| Feb 10, 2026 | WARMAN PHILIP T General Counsel and Secretary | Tax withheld | 4,249 | $522.8K |
| Feb 10, 2026 | WOOTEN GREGORY F Executive Vice President | Option exercise | 11,101 | — |
| Feb 10, 2026 | WOOTEN GREGORY F Executive Vice President | Tax withheld | 4,923 | $605.7K |
| Feb 10, 2026 | Zolas Christopher Chief Financial Officer | Option exercise | 18,418 | — |
| Feb 10, 2026 | Zolas Christopher Chief Financial Officer | Tax withheld | 6,879 | $846.4K |
| Feb 10, 2026 | Nunez Craig W President and COO | Option exercise | 39,592 | — |
| Feb 10, 2026 | Nunez Craig W President and COO | Tax withheld | 15,579 | $1.92M |
| Feb 10, 2026 | ROBERTSON CORBIN J JR Chairman and CEO | Option exercise | 72,849 | — |
| Feb 10, 2026 | ROBERTSON CORBIN J JR Chairman and CEO | Tax withheld | 28,666 | $3.53M |
| Feb 10, 2026 | SMITH STEPHEN P Director | Option exercise | 1,076 | — |
| Dec 31, 2025 | ROBERTSON CORBIN J JR Chairman and CEO | Other | 794 | $0 |
| Sep 8, 2025 | WOOTEN GREGORY F Senior VP, Chief Engineer | Sale | 8,607 | $862.7K |
| Mar 11, 2025 | MURPHY PAUL B JR Director | Gift | 5,000 | $0 |
| Feb 11, 2025 | WARMAN PHILIP T General Counsel and Secretary | Tax withheld | 2,501 | $256.9K |
| Feb 11, 2025 | Zolas Christopher CFO | Option exercise | 13,572 | — |
| Feb 11, 2025 | Zolas Christopher CFO | Tax withheld | 3,848 | $395.3K |
| Feb 11, 2025 | WOOTEN GREGORY F Sr. VP, Chief Engineer | Option exercise | 9,095 | — |
| Feb 11, 2025 | WOOTEN GREGORY F Sr. VP, Chief Engineer | Tax withheld | 4,034 | $414.4K |
| Feb 11, 2025 | MURPHY PAUL B JR Director | Option exercise | 1,183 | — |
| Feb 11, 2025 | NAVARRE RICHARD A Director | Option exercise | 1,183 | — |
| Feb 11, 2025 | VECELLIO LEO A JR Director | Option exercise | 1,183 | — |
| Feb 11, 2025 | WARMAN PHILIP T General Counsel and Secretary | Option exercise | 6,355 | — |
| Feb 11, 2025 | ROBERTSON CORBIN J JR Chairman and CEO | Option exercise | 58,050 | — |
| Feb 11, 2025 | ROBERTSON CORBIN J JR Chairman and CEO | Tax withheld | 22,843 | $2.35M |
| Feb 11, 2025 | Craig Kevin J Executive Vice President | Option exercise | 9,095 | — |
| Feb 11, 2025 | Craig Kevin J Executive Vice President | Tax withheld | 3,852 | $395.7K |
| Feb 11, 2025 | Nunez Craig W President and COO | Option exercise | 31,549 | — |
| Feb 11, 2025 | Nunez Craig W President and COO | Tax withheld | 12,415 | $1.28M |
| Feb 11, 2025 | ROBERTSON CORBIN J III Director | Option exercise | 1,183 | — |
| Feb 11, 2025 | SMITH STEPHEN P Director | Option exercise | 1,183 | — |
| Feb 11, 2025 | Claro Galdino J. Director | Option exercise | 1,183 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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