Natural Resource Partners L.P. (NRP) Achieves Robust Free Cash Flow Growth Despite Weak Coal Prices

Natural Resource Partners L.P. (NYSE:NRP) is one of the best coal mining stocks to buy right now.

On February 27, Natural Resource Partners L.P. (NYSE:NRP) delivered fourth-quarter and full-year 2025 results that were negatively impacted by cyclically low prices for metallurgical and thermal coal.

Nevertheless, the company continued to deliver robust free cash flow of $169 million, while also retiring $109 million of debt. Fourth quarter net income totaled $30.99 million, as the full year came in at $136.37 million.

Natural Resources Partners felt the impact of metallurgical and thermal coal prices remaining weak throughout 2025 due to sluggish steel demand. Its mineral rights net income in the fourth quarter and full year was down $12.6 million and $40.8 million, respectively. Similarly, Operating cash flow in the fourth quarter and full year of 2025 decreased by $13.4 million and $59.8 million, respectively, compared to the same period the previous year.

The company also declared a special cash distribution of $0.12 to be paid on March 17, 2026, to unit holders of record as of March 10, 2026. Last year, the company paid total distributions of $4.21 per common unit, consisting of $3 of regular distributions.

Natural Resource Partners L.P. (NYSE:NRP) is a Houston-based diversified natural resource company that primarily owns, manages, and leases a massive portfolio of mineral properties across the U.S., including coal, trona (for soda ash), and industrial minerals.

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Disclosure: None.