Risk factors
Natural Resource Partners (NRP) risk factors
Item 1A of every Natural Resource Partners LP 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors41 risks5 reworded
Revenue concentration figures shifted, with Foresight growing to 21% and Alpha dropping to 26% of total revenues in 2025. Chinese tariffs on U.S. coal implemented in 2025 remain a risk to royalty cash flows. State-level climate disclosure laws like California's were added to ESG risks.
Filed Feb 27, 2026 - FY2024 10-K risk factors41 risks
Natural Resource Partners LP relies heavily on coal royalties from key customers Alpha and Foresight, alongside soda ash distributions from Sisecam Wyoming.
Filed Feb 28, 2025