NRP first-quarter net income falls to $19.6 million from $40.3 million
Natural Resource Partners reported first-quarter 2026 net income of $19.6 million, down from $40.3 million a year earlier, as lower coal sales volumes and lower soda ash prices weighed on results. Free cash flow was negative $5.4 million after a $39.2 million investment in its soda ash business, but the partnership declared a $0.75 per unit distribution payable May 26, 2026.
Key points
- Net income was $19.6 million versus $40.3 million in Q1 2025; total revenues and other income were $39.4 million versus $60.5 million
- Free cash flow was negative $5.4 million; before the $39.2 million soda ash investment, free cash flow was $33.8 million
- Declared a first-quarter 2026 distribution of $0.75 per common unit, with a record date of May 19, 2026 and payment on May 26, 2026
- Available liquidity was $185.4 million at March 31, 2026, and the consolidated leverage ratio was 0.4x
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.