Natural Resource Partners (NRP) Gross Margin (2012 - 2026)
Natural Resource Partners (NRP) posted Gross Margin of 89.18% for Q2 2026, up 2.45% on a QoQ basis from 87.04% in Q1 2026, and down 252.0% year-over-year from 58.67% in Q2 2025.
Analysis
Natural Resource Partners (NRP) Gross Margin (2012 - 2026) Analysis & Trends
Natural Resource Partners has reported Gross Margin for 10 years, with the latest figure at 89.18% in Q2 2026.
- On a quarterly basis, Gross Margin fell 252.0% year-over-year to 89.18% in Q2 2026; TTM through Jun 2026 was 87.51%, a 93.0% decrease from a year earlier, with the FY2025 full-year figure at 88.49%, down 105.0% from the prior year.
- Gross Margin was 89.18% for Q2 2026 at Natural Resource Partners, up from 87.04% in the prior quarter.
- The five-year high for Gross Margin was 92.78% in Q1 2023, with the low at 85.11% in Q3 2025.
- Average Gross Margin over 5 years is 89.84%, with a median of 90.4% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 699 bps in 2022, then plunged 516 bps in 2024.
- Over 5 years, Gross Margin stood at 90.82% in 2022, then slipped by 0 bps to 90.49% in 2023, then retreated by 6 bps to 85.33% in 2024, then grew by 4 bps to 88.73% in 2025, then gained by 1 bps to 89.18% in 2026.
- The last three Gross Margin figures came in at 89.18% (Q2 2026), 87.04% (Q1 2026), and 88.73% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.06 Bn | 20.23 Bn | - | - |
| 2 | Black Stone Minerals | 3.15 Bn | 3.14 Bn | - | - |
| 3 | Kimbell Royalty Partners | 1.47 Bn | 1.43 Bn | - | - |
| 4 | Dorchester Minerals | 1.46 Bn | 1.39 Bn | - | - |
| 5 | Natural Resource Partners | 1.44 Bn | 1.41 Bn | 47.24 Mn | 89.18% |
| 6 | Evolution Petroleum | 138.41 Mn | 130.18 Mn | 11.43 Mn | 47.20% |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | 100.00% |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | 100.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 89.18% |
| Mar 31, 2026 | 87.04% |
| Dec 31, 2025 | 88.73% |
| Sep 30, 2025 | 85.11% |
| Jun 30, 2025 | 91.70% |
| Mar 31, 2025 | 88.81% |
| Dec 31, 2024 | 85.33% |
| Sep 30, 2024 | 88.75% |
| Jun 30, 2024 | 91.04% |
| Mar 31, 2024 | 92.50% |
| Dec 31, 2023 | 90.49% |
| Sep 30, 2023 | 90.32% |
| Jun 30, 2023 | 91.31% |
| Mar 31, 2023 | 92.78% |
| Dec 31, 2022 | 90.82% |
| Sep 30, 2022 | 92.28% |
| Jun 30, 2022 | 89.98% |
| Mar 31, 2022 | 91.00% |
| Dec 31, 2021 | 90.50% |
| Sep 30, 2021 | 85.29% |