Natural Resource Partners (NRP) Operating Margin (2009 - 2026)
Natural Resource Partners (NRP) reported Operating Margin of 49.51% for Q2 2026, down 23.52 percentage points from 73.03% a year earlier but up 5.87 percentage points from the prior quarter.
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Analysis
Natural Resource Partners (NRP) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Natural Resource Partners' Operating Margin came in at 56.31%, down 14.92 percentage points year-over-year; for FY2025, it was 69.64%, down 4.69 percentage points from FY2024.
- Operating Margin has a five-year change of +100.89 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 74.33% in FY2024 (-4.74 pp), 79.06% in FY2023 (+0.59 pp), 78.47% in FY2022 (+10.17 pp) and 68.30% in FY2021 (+99.55 pp).
- Five-year quarterly Operating Margin spans a low of 43.64% in Q1 2026 and a high of 82.77% in Q1 2023.
- Year over year, Operating Margin has now declined in each of the last ten quarters, with an average year-over-year change of -10.23 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q1 2022 (a gain of 32.28 percentage points); the low point was Q1 2026 (a drop of 27.26 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 43.64% (Q1 2026), 68.84% (Q4 2025) and 63.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.20 Bn | 699.68 Bn | - | - |
| 2 | Chevron | 447.03 Bn | 419.15 Bn | 33.45 Bn | -28.44% |
| 3 | Shell | 310.50 Bn | 240.25 Bn | 30.13 Bn | 22.64% |
| 4 | TotalEnergies SE | 198.52 Bn | 79.10 Bn | 61.77 Bn | 24.82% |
| 5 | Conocophillips | 177.09 Bn | 149.80 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 119.58 Bn | 34.03 Bn | - | 36.94% |
| 7 | Phillips 66 | 116.56 Bn | 104.35 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 113.43 Bn | 110.44 Bn | 8.84 Bn | 81.91% |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 3.43% |
| 10 | Natural Resource Partners | 1.52 Bn | 1.40 Bn | 47.24 Mn | 49.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.51% |
| Mar 31, 2026 | 43.64% |
| Dec 31, 2025 | 68.84% |
| Sep 30, 2025 | 63.57% |
| Jun 30, 2025 | 73.03% |
| Mar 31, 2025 | 70.90% |
| Dec 31, 2024 | 70.44% |
| Sep 30, 2024 | 70.93% |
| Jun 30, 2024 | 76.92% |
| Mar 31, 2024 | 78.13% |
| Dec 31, 2023 | 73.96% |
| Sep 30, 2023 | 78.37% |
| Jun 30, 2023 | 80.90% |
| Mar 31, 2023 | 82.77% |
| Dec 31, 2022 | 72.94% |
| Sep 30, 2022 | 80.37% |
| Jun 30, 2022 | 79.03% |
| Mar 31, 2022 | 81.69% |
| Dec 31, 2021 | 77.71% |
| Sep 30, 2021 | 68.93% |
API Access
Natural Resource Partners Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=NRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "NRP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=NRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();