Long Corridor Asset Management Acquires NRP Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: Fool
- New Position Disclosure: Long Corridor Asset Management Ltd disclosed a new position in Natural Resource Partners, acquiring 100,000 shares in Q1 2026 for an estimated $11.85 million, indicating confidence in the stock.
- Value Growth: By quarter-end, the value of the NRP position reached $12.10 million, reflecting both the purchase and positive price movements, suggesting strong short-term performance.
- Asset Allocation Insight: NRP comprised 3.70% of Long Corridor's 13F reportable assets, highlighting its significance within a diversified investment portfolio, particularly in the energy sector.
- Financial Health: NRP has aggressively reduced its net debt by approximately 83%, from $180 million to $29 million, and while its price-to-sales ratio has surged, the company's strong execution suggests continued growth potential.
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Analyst Views on NRP
About NRP
Natural Resource Partners L.P. is a diversified natural resource company. The Company owns, manages and leases a diversified portfolio of properties in the United States, including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. Its Mineral Rights segment consists of over 13 million acres of mineral interests and other subsurface rights across the United States. Its ownership provides critical inputs for the manufacturing of steel, electricity and basic building materials, as well as opportunities for carbon sequestration and renewable energy. Soda Ash segment consists of its 49% non-controlling equity interest in Sisecam Wyoming LLC (Sisecam Wyoming), a trona ore mining and soda ash production business located in the Green River Basin of Wyoming. Sisecam Wyoming mines trona and processes it into soda ash that is sold both domestically and internationally in the glass and chemicals industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Natural Resource Partners Releases 2025 Schedule K-3 for Unitholders
- K-3 Release: Natural Resource Partners announced the availability of its 2025 Schedule K-3 online, primarily aimed at unitholders needing international tax information, ensuring compliance and transparency.
- Unitholder Needs: Certain unitholders, especially foreign ones and those calculating foreign tax credits, may require detailed information from the K-3 for specific reporting needs, reflecting the company's commitment to unitholder requirements.
- Tax Compliance Guidance: The company encourages unitholders to review the K-3 information and refer to relevant federal laws or consult tax advisors to ensure compliance with federal income tax filings, demonstrating the company's dedication to supporting unitholder tax needs.
- Contact Information: Unitholders can call Tax Package Support at 888-334-7102 to receive an electronic copy of the K-3, showcasing the company's proactive approach to customer service.
See More
Long Corridor Asset Management Acquires NRP Shares
- New Position Disclosure: Long Corridor Asset Management Ltd disclosed a new position in Natural Resource Partners, acquiring 100,000 shares in Q1 2026 for an estimated $11.85 million, indicating confidence in the stock.
- Value Growth: By quarter-end, the value of the NRP position reached $12.10 million, reflecting both the purchase and positive price movements, suggesting strong short-term performance.
- Asset Allocation Insight: NRP comprised 3.70% of Long Corridor's 13F reportable assets, highlighting its significance within a diversified investment portfolio, particularly in the energy sector.
- Financial Health: NRP has aggressively reduced its net debt by approximately 83%, from $180 million to $29 million, and while its price-to-sales ratio has surged, the company's strong execution suggests continued growth potential.
See More
Natural Resource Partners Reports Q1 2026 Financial Results
- Earnings Performance: Natural Resource Partners reported a GAAP EPS of $1.44 for Q1 2026, despite a 34.7% year-over-year revenue decline to $39.53 million, demonstrating resilience amid market challenges.
- Free Cash Flow Generation: The company generated $33.8 million in free cash flow during the first quarter, even after a $39.2 million capital investment in its soda ash business, indicating strong cash flow management capabilities.
- Dividend Payments: Natural Resource Partners paid a distribution of $0.75 per common unit for Q4 2025 and a special cash distribution of $0.12 per unit to assist unitholders with tax liabilities, reflecting the company's ongoing commitment to its shareholders.
- Liquidity Position: As of March 31, 2026, the company had $185.4 million in available liquidity, comprising $31.5 million in cash and cash equivalents and $153.9 million in borrowing capacity, indicating a robust financial position.
See More
NRP Q3 2024 Earnings Call Transcript
See More
Natural Resource Partners Files 2025 Annual Report with SEC
- Annual Report Filing: Natural Resource Partners filed its Annual Report Form 10-K for the year ended December 31, 2025, with the SEC on February 27, 2026, enhancing compliance and transparency, which boosts investor confidence.
- Report Access: The report is available on NRP's website, and investors can request free hard copies via email or phone, demonstrating the company's commitment to shareholder service and accessibility.
- Company Overview: Headquartered in Houston, TX, Natural Resource Partners is a diversified natural resource company that owns and manages a variety of properties, including coal and industrial minerals, showcasing its extensive portfolio in the natural resources sector.
- Investment Portfolio: NRP also holds an equity investment in Sisecam Wyoming LLC, one of the world's lowest-cost soda ash producers, which further strengthens its competitive position and profitability in the market.
See More
Natural Resource Partners Q4 2025 Earnings Call Insights
- Free Cash Flow Performance: Natural Resource Partners generated $46 million in free cash flow in Q4 2025, with a total of $169 million for the year, demonstrating financial resilience despite challenges from depressed commodity prices.
- Investment and Distribution Delay: The company announced a $39 million investment in the Sisecam Wyoming joint venture, which will delay the anticipated increase in unitholder distributions originally scheduled for August, reflecting cautious management of its capital structure amid ongoing market downturns.
- Mineral Rights Segment Performance: The Mineral Rights segment reported $40 million in net income and $49 million in operating cash flow for Q4, showing relative stability in profitability despite declines due to weaker metallurgical coal markets.
- Uncertain Market Outlook: Management warned that the soda ash market is expected to deteriorate further in 2026, with continued low prices for metallurgical and thermal coal, potentially leading to further delays in distributions, emphasizing the importance of maintaining capital discipline in an uncertain market environment.
See More
Natural Resource Partners Releases 2025 Schedule K-3 for Unitholders
- K-3 Release: Natural Resource Partners announced the availability of its 2025 Schedule K-3 online, primarily aimed at unitholders needing international tax information, ensuring compliance and transparency.
- Unitholder Needs: Certain unitholders, especially foreign ones and those calculating foreign tax credits, may require detailed information from the K-3 for specific reporting needs, reflecting the company's commitment to unitholder requirements.
- Tax Compliance Guidance: The company encourages unitholders to review the K-3 information and refer to relevant federal laws or consult tax advisors to ensure compliance with federal income tax filings, demonstrating the company's dedication to supporting unitholder tax needs.
- Contact Information: Unitholders can call Tax Package Support at 888-334-7102 to receive an electronic copy of the K-3, showcasing the company's proactive approach to customer service.
See More
Long Corridor Asset Management Acquires NRP Shares
- New Position Disclosure: Long Corridor Asset Management Ltd disclosed a new position in Natural Resource Partners, acquiring 100,000 shares in Q1 2026 for an estimated $11.85 million, indicating confidence in the stock.
- Value Growth: By quarter-end, the value of the NRP position reached $12.10 million, reflecting both the purchase and positive price movements, suggesting strong short-term performance.
- Asset Allocation Insight: NRP comprised 3.70% of Long Corridor's 13F reportable assets, highlighting its significance within a diversified investment portfolio, particularly in the energy sector.
- Financial Health: NRP has aggressively reduced its net debt by approximately 83%, from $180 million to $29 million, and while its price-to-sales ratio has surged, the company's strong execution suggests continued growth potential.
See More
Natural Resource Partners Reports Q1 2026 Financial Results
- Earnings Performance: Natural Resource Partners reported a GAAP EPS of $1.44 for Q1 2026, despite a 34.7% year-over-year revenue decline to $39.53 million, demonstrating resilience amid market challenges.
- Free Cash Flow Generation: The company generated $33.8 million in free cash flow during the first quarter, even after a $39.2 million capital investment in its soda ash business, indicating strong cash flow management capabilities.
- Dividend Payments: Natural Resource Partners paid a distribution of $0.75 per common unit for Q4 2025 and a special cash distribution of $0.12 per unit to assist unitholders with tax liabilities, reflecting the company's ongoing commitment to its shareholders.
- Liquidity Position: As of March 31, 2026, the company had $185.4 million in available liquidity, comprising $31.5 million in cash and cash equivalents and $153.9 million in borrowing capacity, indicating a robust financial position.
See More
NRP Q3 2024 Earnings Call Transcript
See More
Natural Resource Partners Files 2025 Annual Report with SEC
- Annual Report Filing: Natural Resource Partners filed its Annual Report Form 10-K for the year ended December 31, 2025, with the SEC on February 27, 2026, enhancing compliance and transparency, which boosts investor confidence.
- Report Access: The report is available on NRP's website, and investors can request free hard copies via email or phone, demonstrating the company's commitment to shareholder service and accessibility.
- Company Overview: Headquartered in Houston, TX, Natural Resource Partners is a diversified natural resource company that owns and manages a variety of properties, including coal and industrial minerals, showcasing its extensive portfolio in the natural resources sector.
- Investment Portfolio: NRP also holds an equity investment in Sisecam Wyoming LLC, one of the world's lowest-cost soda ash producers, which further strengthens its competitive position and profitability in the market.
See More
Natural Resource Partners Q4 2025 Earnings Call Insights
- Free Cash Flow Performance: Natural Resource Partners generated $46 million in free cash flow in Q4 2025, with a total of $169 million for the year, demonstrating financial resilience despite challenges from depressed commodity prices.
- Investment and Distribution Delay: The company announced a $39 million investment in the Sisecam Wyoming joint venture, which will delay the anticipated increase in unitholder distributions originally scheduled for August, reflecting cautious management of its capital structure amid ongoing market downturns.
- Mineral Rights Segment Performance: The Mineral Rights segment reported $40 million in net income and $49 million in operating cash flow for Q4, showing relative stability in profitability despite declines due to weaker metallurgical coal markets.
- Uncertain Market Outlook: Management warned that the soda ash market is expected to deteriorate further in 2026, with continued low prices for metallurgical and thermal coal, potentially leading to further delays in distributions, emphasizing the importance of maintaining capital discipline in an uncertain market environment.
See More
