Natural Resource Partners is a publicly traded company that focuses on managing and leasing natural resources, primarily in the United States. The company primarily deals with coal, oil, and gas, generating revenue through royalties and lease agreements. Their business model allows them to benefit from the extraction of these resources without directly engaging in the production process. The company operates by acquiring and managing mineral rights, which are the legal rights to extract resources from the land. This strategy enables Natural Resource Partners to capitalize on the demand for energy and raw materials while minimizing operational risks associated with resource extraction.