XML 158 R61.htm IDEA: XBRL DOCUMENT v3.25.0.1
Note 9 - Mineral Rights, Net (Details Textual) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Depreciation, Depletion and Amortization $ 15,535 $ 18,489 $ 22,519
Gain (Loss) on Disposition of Assets 4,845 2,956 1,082
Asset Impairment Charges $ 87 $ 556 4,457
Discount Rate 15.00% 15.00%  
Coal Mineral Rights [Member]      
Gain (Loss) on Disposition of Assets $ 4,800 $ 3,000 1,100
Asset Impairment Charges [1] 87 556 4,365
Coal Mineral Rights [Member] | Other [Member]      
Asset Impairment Charges     2,600
Property, Plant and Equipment, Net     4,300
Property, Plant, and Equipment, Fair Value Disclosure     $ 1,700
Discount Rate     15.00%
Mineral Rights Segment [Member]      
Depreciation, Depletion and Amortization $ 14,800 $ 17,300 $ 20,900
[1] The Partnership recorded $0.1 million and $0.6 million of impairment expense during the year ended December 31, 2024 and 2023, respectively. The Partnership recorded $4.4 million of impairment expense during the year ended December 31, 2022 primarily related to assets whose undiscounted future net cash flows were less than their net book values. Of this amount, $2.6 million of impairment expense related to an asset with $4.3 million of net book value, resulting in a fair value of $1.7 million at December 31, 2022. The fair value of the impaired asset at December 31, 2022 was calculated using a discount rate of 15%. NRP compared the net book value of its mineral rights to estimated undiscounted future net cash flows. If the net book value exceeded the undiscounted future cash flows, the Partnership recorded an impairment for the excess of the net book value over fair value. A discounted cash flow model was used to estimate the level 3 fair value. Significant inputs used to determine fair value include estimates of future cash flows from coal sales and minimum payments, discount rate and useful economic life. Estimated cash flows are the product of a process that began with current realized pricing as of the measurement date and included an adjustment for risk related to the future realization of cash flows.