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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Natural Resources Partners LPNRP +0.67%66 ROA % is 10.33% as of Mar. 2026, which is 5% below its 10-year median of 10.92. GuruFocus rates NRP with a GF Score™ of 66/100 and a GF Value™ of $79.26 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 185 Other Energy Sources companies, Natural Resources Partners LP ranks better than 92.43% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Natural Resources Partners LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $78.5 Mil.
Natural Resources Partners LP's average Total Assets over the quarter that ended in Mar. 2026 was $760.0 Mil. Therefore, Natural Resources Partners LP's annualized ROA % for the quarter that ended in Mar. 2026 was 10.33%.
The historical rank and industry rank for Natural Resources Partners LP's ROA % or its related term are showing as below:
NRP'
s ROA % Range Over the Past 10 Years
Min: -8.45 Med: 10.92 Max: 33.25
Current: 15.2
During the past 13 years, Natural Resources Partners LP's highest ROA % was 33.25%. The lowest was -8.45%. And the median was 10.92%.
NRP's ROA % is ranked better than 92.43% of 185
companies
in the Other Energy Sources industry
Industry Median: -0.47
vs NRP: 15.20
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Natural Resources Partners LP ROA % Related Terms
Natural Resources Partners LP ROA % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Thermal Coal subindustry, Natural Resources Partners LP's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Natural Resources Partners LP ROA % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's ROA % distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Natural Resources Partners LP (NRP) has a ROA % of 10.33% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Natural Resources Partners LP and its competitors. This is near median its historical median of 10.92. According to the industry distribution chart, Natural Resources Partners LP ranks #14 out of 185 companies in the Other Energy Sources industry, placing it in the top 7.6%.
Is Natural Resources Partners LP's ROA % too high?
Natural Resources Partners LP's current ROA % of 10.33% is near median its 10-year median of 10.92. Based on the distribution chart, Natural Resources Partners LP ranks #14 out of 185 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Resources Partners LP has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Resources Partners LP's ROA % compare to NC and BTU?
According to the Other Energy Sources industry distribution chart, Natural Resources Partners LP ranks #14 out of 185 companies for ROA %. This places Natural Resources Partners LP in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Other Energy Sources company?
A good ROA % depends on the Other Energy Sources industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Natural Resources Partners LP and its competitors. Natural Resources Partners LP's current ROA % is 10.33%, which is near median its own 10-year median of 10.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Resources Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Natural Resources Partners LP (NRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $79.26, compared to a current price of $98.00 — trading 23.6% above its estimated fair value. The current ROA % is 10.33%, which is near median its 10-year median of 10.92. Natural Resources Partners LP's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Natural Resources Partners LP (NRP), the current ROA % is 10.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Natural Resources Partners LP (NRP) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Resources Partners LP stock appears to be overvalued.
The current stock price of $98.00 is trading 23.6% above its estimated GF Value™ of $79.26.
GuruFocus considers Natural Resources Partners LP to be Modestly Overvalued.
Key valuation signals for NRP:
ROA %: 10.33% (near median its 10-year median of 10.92)
GF Value™: $79.26 vs. price of $98.00 (23.6% above fair value)
No single metric tells the full story. See the NRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Resources Partners LP Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. The majority of the revenue is generated from the Mineral Rights segment. Geographically, the company's business activity of the group functions through the United States.
66GF Score
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