Answer
The press release you quoted from Natural Resource Partners L.P. (NYSE: NRP) focuses on the company’s second‑quarter 2025 operating results—net income, operating cash flow, and free cash flow—but it does not include any information about the company’s credit rating or its leverage ratio (e.g., net debt / EBITDA, total debt / total assets, or any other debt‑to‑equity metric).
Because those key credit‑related figures are absent from the release, we cannot determine from this specific news item:
| Metric | Information in the release |
|---|---|
| Credit rating (e.g., S&P, Moody’s, Fitch) | Not disclosed |
| Leverage ratio (e.g., Net Debt / EBITDA, Debt / Equity, Total Debt / Total Assets) | Not disclosed |
What to Do Next
Check the Company’s SEC Filings – The most reliable source for credit‑rating and leverage‑ratio data is the company’s quarterly Form 10‑Q (or annual Form 10‑K) filed with the SEC. These filings typically contain:
- A “Liquidity and Capital Resources” section that lists total debt, cash, and sometimes the net‑debt / EBITDA ratio.
- Any credit‑rating updates from agencies (S&P, Moody’s, Fitch) if the company has a publicly disclosed rating.
Look at Credit‑Rating Agency Reports – If NRP has a rating, the rating agencies publish periodic updates on their websites (e.g., S&P’s “Rating Action” press releases). Those updates often include a brief commentary on the company’s leverage and any rating changes triggered by recent results.
Investor‑Relations Materials – Companies often issue a “Quarterly Financial Highlights” slide deck or a “Capital Structure” presentation that spells out leverage metrics and any recent rating changes. These are usually posted on the investor‑relations section of the company’s website.
Conference Call Transcript – The Q2 2025 earnings call (often archived on the company’s IR site) may include management commentary on leverage, debt‑repayment plans, and any rating outlook.
Why the Omission Matters
- Credit rating is a key indicator of how lenders and investors view the company’s creditworthiness. A downgrade (or upgrade) can affect borrowing costs, covenant compliance, and the ability to raise capital.
- Leverage ratios (e.g., Net Debt / EBITDA) are used by analysts to gauge financial risk, covenant compliance, and the sustainability of cash‑flow generation relative to debt obligations.
Since the press release only provides cash‑flow figures (Operating cash flow = $45.6 M; Free cash flow = $46.3 M) and net income, we can infer that cash generation is solid for the quarter, but without the debt balance sheet items we cannot compute a leverage ratio or assess any impact on the credit rating.
Bottom Line
- Current credit rating: Not provided in the Q2 2025 results release.
- Leverage ratio after Q2 2025: Not provided in the Q2 2025 results release.
To obtain a definitive answer, you’ll need to consult NRP’s latest SEC filings, credit‑rating agency updates, or the company’s investor‑relations materials that disclose its capital‑structure metrics. If you locate those documents and share the relevant figures (e.g., total debt, EBITDA, rating agency name), I can help you calculate the leverage ratio and interpret the rating status.