Mineral Rights was the largest of Natural Resource Partners Lp’s 2 reported lines in fiscal 2025, at $408.44M — 99% of $414.56M.
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Coal Royalty & Other | — | — | — | — | |||||||||
| Coal, Hard Mineral Royalty & Other | — | — | — | — | |||||||||
| Mineral Rights | $614.03M | $593.22M | $499.74M | $408.44M | |||||||||
| Construction Aggregates | — | — | — | — | |||||||||
| Ventacore | — | — | — | — | |||||||||
| Soda Ash | — | $146.79M | $36.27M | $6.12M | |||||||||
| Oil & Gas | — | — | — | — | |||||||||
| Total | $614.03M | $740.02M | $536.01M | $414.56M |
In fiscal 2025, which ended December 31, 2025, the 2 segments Natural Resource Partners Lp reported in this breakdown added up to $414.56M. That was down 22.7% from $536.01M in fiscal 2024. Mineral Rights was the largest segment, at $408.44M or 98.5% of the total, followed by Soda Ash ($6.12M, 1.5%).
The table also keeps 5 segments that Natural Resource Partners Lp no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2013 to 2025, as reported in Natural Resource Partners Lp's annual filings.
Nrp & Its Restricted Subsidiaries was the largest of Natural Resource Partners Lp’s 2 reported lines in fiscal 2013, at $687.46M — 96% of $716.23M.
| Legal Entity | FY 2013 |
|---|---|
| Nrp & Its Restricted Subsidiaries | $687.46M |
| Unrestricted Subsidiaries Of Nrp | $28.77M |
| Total | $716.23M |
In fiscal 2013, which ended December 31, 2013, the 2 revenue lines Natural Resource Partners Lp reported in this breakdown added up to $716.23M. Nrp & Its Restricted Subsidiaries was the largest revenue line, at $687.46M or 96.0% of the total, followed by Unrestricted Subsidiaries Of Nrp ($28.77M, 4.0%).
This breakdown covers every fiscal year from 2013 to 2013, as reported in Natural Resource Partners Lp's annual filings.
Royalty & Other Mineral Rights was the largest of Natural Resource Partners Lp’s 2 reported lines in fiscal 2022, at $614.03M — 94% of $656.17M.
| Product and Service | FY 2019 | FY 2022 |
|---|---|---|
| Royalty & Other Mineral Rights | $382.14M | $614.03M |
| Soda Ash | $94.18M | — |
| Transportation & Processing Services | $38.56M | $42.14M |
| Total | $514.87M | $656.17M |
In fiscal 2022, which ended December 31, 2022, the 2 revenue lines Natural Resource Partners Lp reported in this breakdown added up to $656.17M. The revenue lines reported changed from fiscal 2019, so the total is not directly comparable with the $514.87M reported that year. Royalty & Other Mineral Rights was the largest revenue line, at $614.03M or 93.6% of the total, followed by Transportation & Processing Services ($42.14M, 6.4%).
Compared with fiscal 2019, the latest earlier year reported, Royalty & Other Mineral Rights grew the fastest, rising 60.7% to $614.03M. Because revenue lines were added or dropped between the two years, part of this reflects how Natural Resource Partners Lp regrouped its reporting.
The table also keeps 1 revenue line that Natural Resource Partners Lp no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 2 fiscal years between 2019 and 2022, as reported in Natural Resource Partners Lp's annual filings.
Natural Resource Partners Lp (NRP) breaks its revenue down by segment and revenue line. In fiscal 2025, its largest segment was Mineral Rights, with $408.44M or 98.5% of the total, followed by Soda Ash at $6.12M (1.5%).
Mineral Rights was Natural Resource Partners Lp's largest segment in fiscal 2025, with $408.44M in revenue, 98.5% of the $414.56M reported across its 2 segments.
Nrp & Its Restricted Subsidiaries was Natural Resource Partners Lp's largest revenue line in fiscal 2013, with $687.46M in revenue, 96.0% of the $716.23M reported across its 2 revenue lines.
Every figure is taken from Natural Resource Partners Lp's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2013 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.