---
title: "Natural Resource Partners Q2 FY26 net income drops to $25.18 million; revenue slips 4% to $48.11 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294996434.md"
description: "Natural Resource Partners reported a decline in Q2 FY26 net income to $25.18 million from $34.21 million year-over-year, with revenue slipping 4% to $48.11 million. GAAP operating expenses surged 62% to $21.88 million due to increased depreciation and amortization. Non-GAAP adjusted EBITDA decreased slightly to $42.26 million, impacted by the absence of distributions from Sisecam Wyoming. The company maintained $217 million in liquidity with a leverage ratio of 0.2x."
datetime: "2026-08-05T17:15:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294996434.md)
  - [en](https://longbridge.com/en/news/294996434.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294996434.md)
---

# Natural Resource Partners Q2 FY26 net income drops to $25.18 million; revenue slips 4% to $48.11 million

-   NRP posted GAAP net income of $25.18 million in the second quarter of 2026, down from $34.21 million a year earlier. \* Revenue slipped 4% to $48.11 million, as Mineral Rights rose 11% to $53.02 million while Soda Ash turned negative to -$4.91 million. \* GAAP operating expenses jumped 62% to $21.88 million, driven by a rise in depreciation, depletion and amortization to $11.13 million. \* Non-GAAP adjusted EBITDA edged down to $42.26 million from $42.72 million, reflecting no distribution from Sisecam Wyoming versus $4.9 million a year earlier. \* NRP ended the quarter with $217 million of liquidity; leverage ratio was 0.2x, with no expected Sisecam Wyoming distributions for several years. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NRP - Natural Resource Partners LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-025856), on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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