Overview

* NRP reports Q3 net income of $30.9 mln, generating $41.8 mln free cash flow

* Company declares Q3 cash distribution of $0.75 per common unit

* NRP anticipates weak coal and soda ash prices but expects sufficient free cash flow

Outlook

* NRP expects weak coal and soda ash prices to continue

* Company anticipates continued free cash flow to meet deleveraging goals

* Future distributions will be determined quarterly based on market conditions

Result Drivers

* FREE CASH FLOW - Despite depressed market conditions, NRP generated $41.8 mln of free cash flow in Q3 2025

* COAL PRICES - Lower metallurgical coal sales prices and volumes impacted mineral rights cash flow, with 70% of coal royalty revenues from metallurgical coal

* SODA ASH MARKET - Soda ash net income decreased $10.5 mln due to lower sales prices and no cash distribution from Sisecam Wyoming in Q3 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $30.90

Income mln

Q3 Free $41.82

Cash mln

Flow

Q3 $32.68

Income mln

from

Operatio

ns

Q3 $41.09

Operatin mln

g Cash

Flow

Q3 $17.24

Operatin mln

g

Expenses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)