【NRP’s Q2 Coal Royalty Revenue Rises, While Low Gas Prices and Weak Steel Demand Continue to Weigh on the Market】

Published: Aug 06, 2026 10:47 (GMT+8)

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US mineral royalty company Natural Resource Partners L.P. (NRP) reported second-quarter 2026 net income of US$25.176 million, operating cash flow of US$40.950 million and free cash flow of US$41.723 million. The company also declared a cash distribution of US$0.75 per common unit.

Revenue from NRP’s mineral rights business increased by US$6.1 million year on year, mainly driven by higher metallurgical and thermal coal sales volumes, as well as stronger coal prices at certain properties. Metallurgical coal accounted for approximately 70% of coal royalty revenue and around 45% of royalty coal sales volumes. However, the company said low natural gas prices, high coal inventories at power plants and weak global steel demand continued to weigh on its coal business.

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