NRP Q3 2025 results reflect strong balance sheet management contrasted with challenging operating results driven by commodity prices.
Financial Health & Capital Structure: The partnership maintains solid liquidity (\(190.1M) and a very strong leverage ratio of 0.4x. Significant deleveraging occurred, with total net debt falling from \)142.1M (12/31/24) to \(69.4M (9/30/25), primarily through repaying the revolving credit facility. Long-term debt decreased by \)72.7M. The capital structure was simplified in 2024 via the complete extinguishment of all Class A Preferred Units and Warrants. Commo
...