Natural Resource Partners L.P. (NRP) has been upgraded to “Neutral” as the partnership’s improving balance sheet and consistent cash flow are mitigating the impacts of weak commodity pricing.The partnership reported $34 million in net income and$46 million of free cash flow in the second quarter of 2025, bringing its trailing 12-month free cash flow to more than $200 million. This was achieved even as metallurgical coal, thermal coal and soda ash all traded near breakeven levels for operators.Management hi ...