Natural Resource Partners L.P. (NRP): A Bull Case Theory

We came across a bullish thesis on Natural Resource Partners L.P. (NRP) on Substack by Pound the Rock Investing. In this article, we will summarize the bulls’ thesis on NRP. Natural Resource Partners L.P. (NRP)'s share was trading at $106 as of March 27^th. NRP’s trailing P/E was 9.34 according to Yahoo Finance.

Natural Resource Partners (NRP) is a coal royalty business with a highly attractive valuation, disciplined management, and robust cash flow generation. The company operates as a royalty model, owning mineral rights across 13 million acres in the U.S., with 70% of its...