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.
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