Natural Resource Partners (NYSE:NRP) said it continued to generate cash despite weaker coal volumes and a severe downturn in soda ash markets, while management reiterated that deleveraging remains the partnership’s central capital allocation priority.
On the partnership’s first-quarter 2026 earnings call, President and Chief Operating Officer Craig Nunez said NRP generated $34 million of free cash flow in the quarter before accounting for a $39 million capital investment in its soda ash business, Sisecam Wyoming. Over the last 12 months, NRP generated $167 million of free cash flow before that investment, he said.
