Natural Resource Partners (NRP) Operating Expenses (2009 - 2026)
Natural Resource Partners (NRP) posted Operating Expenses of $21.9 million for Q2 2026, up 16.64% on a QoQ basis from $18.8 million in Q1 2026, and up 61.97% year-over-year from $13.5 million in Q2 2025.
Analysis
Natural Resource Partners (NRP) Operating Expenses (2009 - 2026) Analysis & Trends
Natural Resource Partners has reported Operating Expenses for 18 years, with the latest figure at $21.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 61.97% year-over-year to $21.9 million in Q2 2026; TTM through Jun 2026 was $72.4 million, a 6.39% increase from a year earlier, with the FY2025 full-year figure at $62.9 million, down 8.54% from the prior year.
- Operating Expenses was $21.9 million for Q2 2026 at Natural Resource Partners, up from $18.8 million in the prior quarter.
- The five-year high for Operating Expenses was $26.3 million in Q4 2022, with the low at $13.5 million in Q2 2025.
- Average Operating Expenses over 5 years is $18.5 million, with a median of $17.6 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses decreased 25.08% in 2025, then soared 61.97% in 2026.
- Over 5 years, Operating Expenses stood at $26.3 million in 2022, then declined by 7.63% to $24.3 million in 2023, then slipped by 19.92% to $19.4 million in 2024, then fell by 25.08% to $14.6 million in 2025, then jumped by 50.32% to $21.9 million in 2026.
- The last three Operating Expenses figures came in at $21.9 million (Q2 2026), $18.8 million (Q1 2026), and $14.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.06 Bn | 20.23 Bn | - | 249.00 Mn |
| 2 | Black Stone Minerals | 3.15 Bn | 3.14 Bn | - | 38.90 Mn |
| 3 | Kimbell Royalty Partners | 1.47 Bn | 1.43 Bn | - | 52.80 Mn |
| 4 | Dorchester Minerals | 1.46 Bn | 1.39 Bn | - | 25.20 Mn |
| 5 | Natural Resource Partners | 1.44 Bn | 1.41 Bn | 47.24 Mn | 21.88 Mn |
| 6 | Evolution Petroleum | 138.41 Mn | 130.18 Mn | 11.43 Mn | 20.74 Mn |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | 56,000.00 |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | 197,439.00 |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | 4,167.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.88 Mn |
| Mar 31, 2026 | 18.76 Mn |
| Dec 31, 2025 | 14.56 Mn |
| Sep 30, 2025 | 17.25 Mn |
| Jun 30, 2025 | 13.51 Mn |
| Mar 31, 2025 | 17.62 Mn |
| Dec 31, 2024 | 19.43 Mn |
| Sep 30, 2024 | 17.54 Mn |
| Jun 30, 2024 | 15.13 Mn |
| Mar 31, 2024 | 16.71 Mn |
| Dec 31, 2023 | 24.26 Mn |
| Sep 30, 2023 | 18.68 Mn |
| Jun 30, 2023 | 17.43 Mn |
| Mar 31, 2023 | 17.09 Mn |
| Dec 31, 2022 | 26.27 Mn |
| Sep 30, 2022 | 20.08 Mn |
| Jun 30, 2022 | 20.96 Mn |
| Mar 31, 2022 | 16.43 Mn |
| Dec 31, 2021 | 18.70 Mn |
| Sep 30, 2021 | 17.65 Mn |