Natural Resource Partners L.P.
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Natural Resource Partners L.P. - overview
Location
Houston, TX, US
Primary Industry
Mining
About
Natural Resource Partners L. P. (NRP) specializes in managing and leasing mineral properties, focusing on coal, industrial minerals, and renewable energy initiatives, while promoting carbon sequestration efforts across the United States. Natural Resource Partners L.
P. is engaged in the ownership and management of a diverse portfolio of mineral properties primarily in the natural resources sector. Founded by Corbin Robertson, the company is headquartered in Houston, US. NRP has raised USD 256.
2 mn through an IPO on August 10, 2005, selling 4. 2 million shares at USD 61 per share. The company has been involved in 2 deals to date. Natural Resource Partners L.
P. (NRP) primarily operates in the natural resources sector, focusing on the ownership, management, and leasing of a diverse portfolio of mineral properties across the United States. NRP’s core products include mineral rights related to coal, industrial minerals, and soda ash, as well as rights for carbon sequestration and renewable energy initiatives. Their equity investment in Sisecam Wyoming LLC positions them as a key player in the soda ash market, catering to various industrial applications such as glass manufacturing, chemicals, and detergents.
NRP's carbon neutral initiatives are designed to address the growing demand for sustainable energy solutions, with the capability to sequester approximately 800 million metric tons of carbon dioxide and generate renewable energy, specifically through geothermal sources. The company serves an extensive client base that includes industrial manufacturers and energy companies across various geographical markets in the U. S. and beyond.
Natural Resource Partners L. P. generates revenue through leasing its mineral rights and engaging in partnerships related to carbon sequestration and renewable energy projects. The company typically enters into long-term lease agreements with clients, which may include royalties based on production or flat fees that provide a stable income stream.
The transactions are structured as Business-to-Business (B2B) relationships, where NRP collaborates directly with industrial clients interested in sourcing raw materials or implementing carbon-neutral initiatives. Revenue is further bolstered by the strategic partnership with Sisecam Wyoming LLC, a low-cost producer of soda ash, which enhances NRP's market position and profitability. For the year 2024, NRP reported a revenue of USD 268. 01 mn and an EBITDA of USD 214.
73 mn. Natural Resource Partners L. P. plans to utilize the proceeds from the USD 256.
2 mn raised during its IPO in August 2005 to further expand its mineral rights portfolio and enhance its carbon sequestration and renewable energy initiatives. The company is focused on developing new products in the renewable energy sector and aims to enter additional markets across North America by 2026, specifically targeting growth in regions with high demand for sustainable energy solutions.
Primary Industry
Mining
Sub Industries
Equipment Rental & Leasing, Dermatology, Coal & Lignite Mining, Mining & Quarrying of Nonmetallic Minerals
Website
www.nrplp.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Natural Resource Partners L.P. - timeline of key events
Natural Resource Partners L.P. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 377,683,000 | 379,147,000 | 358,117,000 | 399,752,000 | 488,849,000 | 400,059,000 | 378,017,000 | 278,512,000 | 263,935,000 | 140,320,000 | 216,364,000 | 387,880,000 | - | - | - |
| % Revenue Growth (YoY) | - | 0.4% | (5.5%) | 11.6% | 22.3% | (18.2%) | (5.5%) | (26.3%) | (5.2%) | (46.8%) | 54.2% | 79.3% | - | - | - |
| EBITDA (USD) | 169,253,000 | 325,386,000 | 300,613,000 | 268,795,000 | (377,083,000) | 232,017,000 | 227,973,000 | 221,561,000 | 69,940,000 | (33,330,000) | 169,118,000 | 330,160,000 | - | - | - |
| Operating Income (USD) | 104,135,000 | 267,165,000 | 236,236,000 | 188,919,000 | (477,911,000) | 185,745,000 | 183,975,000 | 192,538,000 | 51,321,000 | (43,851,000) | 147,778,000 | 305,231,000 | - | - | - |
| Operating Margin | 27.6% | 70.5% | 66.0% | 47.3% | (97.8%) | 46.4% | 48.7% | 69.1% | 19.4% | (31.3%) | 68.3% | 78.7% | - | - | - |
| % EBITDA Margin | 44.8% | 85.8% | 83.9% | 67.2% | (77.1%) | 58.0% | 60.3% | 79.6% | 26.5% | (23.8%) | 78.2% | 85.1% | - | - | - |
| NET Income (USD) | 54,026,000 | 213,355,000 | 172,078,000 | 108,830,000 | (571,720,000) | 96,892,000 | 88,667,000 | 140,047,000 | (24,458,000) | (84,819,000) | 108,902,000 | 268,492,000 | - | - | - |
| % Net Margin | 14.3% | 56.3% | 48.1% | 27.2% | (117.0%) | 24.2% | 23.5% | 50.3% | (9.3%) | (60.4%) | 50.3% | 69.2% | - | - | - |
Natural Resource Partners L.P. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | VantaCore Partners LLC | - | ||||||||
| Trade Sale | Completed | VantaCore Partners LLC | - | ||||||||
| IPO | Completed | Natural Resource Partners L.P. | - | ||||||||
| Add-on | Completed | Virginia mineral properties of Alpha Natural Resources, Inc. | - | ||||||||
| Growth | Completed | Natural Resource Partners L.P. | - |
Displaying 1 - 5 of 5
Natural Resource Partners L.P. - employee data
Natural Resource Partners L.P. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board and Independent Director | BM | ||||||
| Member - Board of Directors | BM |
BM Board Member
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