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ARLP

Alliance Resource Partners, L.P.

ARLP

Alliance Resource Partners, L.P. • NASDAQ
$24.37 ▲ 1.25% (+0.30)
Market Cap $3.13 B
52w High $30.56
52w Low $22.20
Dividend Yield 2.60%
P/E 12.89
Volume 57.10K
Outstanding Shares 128.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $571.367M ▲ $21.373M ▲ $95.104M ▲ 16.645% ▲ $0.74 ▲ $191.948M ▲
Q2-2025 $547.463M ▲ $20.38M ▼ $59.41M ▼ 10.852% ▼ $0.46 ▼ $151.965M ▼
Q1-2025 $540.468M ▼ $20.58M ▼ $73.983M ▲ 13.689% ▲ $0.57 ▲ $156.805M ▲
Q4-2024 $590.092M ▼ $48.785M ▲ $16.33M ▼ 2.767% ▼ $0.13 ▼ $109.718M ▼
Q3-2024 $613.569M $21.878M $86.281M 14.062% $0.66 $173.537M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $94.481M ▲ $2.908B ▲ $1.077B ▲ $1.812B ▲
Q2-2025 $55.004M ▼ $2.869B ▼ $1.057B ▼ $1.793B ▼
Q1-2025 $81.313M ▼ $2.903B ▼ $1.071B ▲ $1.811B ▼
Q4-2024 $136.962M ▼ $2.916B ▼ $1.062B ▼ $1.833B ▼
Q3-2024 $195.429M $3.032B $1.107B $1.903B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $374.693M ▲ $209.881M ▲ $-64.728M ▲ $-87.678M ▲ $-42.481M ▼ $145.153M ▲
Q2-2025 $59.41M ▼ $151.693M ▲ $-75.191M ▲ $-102.852M ▲ $-26.309M ▲ $84.676M ▲
Q1-2025 $73.157M ▲ $145.686M ▼ $-93.062M ▲ $-108.308M ▲ $-55.649M ▲ $58.91M ▼
Q4-2024 $16.687M ▼ $168.42M ▼ $-103.231M ▲ $-123.656M ▼ $-58.467M ▼ $75.265M ▼
Q3-2024 $84.665M $209.272M $-114.44M $-103.106M $-8.274M $98.974M

Revenue by Products

Product Q2-2024Q1-2025Q2-2025Q3-2025
Coal Products and Services Revenue
Coal Products and Services Revenue
 $0 ▲$470.00M ▲$490.00M ▲$510.00M ▲
Coal Royalties
Coal Royalties
 $-20.00M ▲$540.00M ▲$-20.00M ▼$-20.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$30.00M ▲$20.00M ▼$20.00M ▲
Royalty
Royalty
 $0 ▲$40.00M ▲$40.00M ▲$30.00M ▼
Shipping and Handling
Shipping and Handling
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Coal sales
Coal sales
 $510.00M ▲$0 ▼$0 ▲$0 ▲
Oil gas royalties
Oil gas royalties
 $40.00M ▲$0 ▼$0 ▲$0 ▲
Other revenues
Other revenues
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Transportation
Transportation
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement ARLP’s income statement shows a business that rebounded strongly from the early‑2020s downturn and remains clearly profitable, but is now past its recent peak. Revenue has held at a relatively high and stable level over the last three years, yet profit margins have narrowed from their best levels, suggesting some mix of weaker pricing, higher costs, or more normal conditions after an unusually strong coal market. Even with this step down, earnings are still solid compared with the loss recorded earlier in the decade, indicating a resilient core business but one that is sensitive to the commodity cycle.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and sturdier than a few years ago. Total assets have grown moderately, and the equity base has built up over time, reflecting cumulative profits. Debt has come down meaningfully from earlier in the decade, even though it ticked up most recently, leaving leverage at what appears to be a manageable level for a cyclical energy business. Cash on hand is modest rather than abundant, but in combination with lower debt and a stronger equity cushion, ARLP appears better positioned financially than it was during the last downturn, while still exposed to swings in coal and energy markets.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently strong for several years and broadly aligns with reported earnings, which supports the quality of those earnings. Free cash flow has been healthy even as the company has stepped up its capital spending, suggesting ARLP is reinvesting in its operations and growth projects while still leaving room, in principle, for debt reduction and capital returns. The recent rise in investment spending does mean less surplus cash than in its peak year, but overall the cash flow profile looks robust for a business in a volatile sector.

Competitive Edge

Competitive Edge ARLP’s competitive position rests on being a large, low‑cost coal producer with locked‑in demand and growing diversification. As one of the biggest producers in its region, it benefits from scale, efficient mines, and long‑term coal supply contracts that provide revenue visibility for the next couple of years. Its oil and gas royalty business adds a second leg to the story, giving exposure to different parts of the energy value chain and partially offsetting coal demand risk. At the same time, the core still depends heavily on coal, a fuel facing long‑term structural and regulatory headwinds, so ARLP’s moat is meaningful in the near to medium term but sits within a challenged end market.

Innovation and R&D

Innovation and R&D Innovation is an above‑average distinguishing feature for a coal-focused partnership. Through its Matrix Design Group subsidiary, ARLP has developed advanced safety, tracking, and analytics systems that improve mine productivity and create a separate technology revenue stream. Partnerships and investments in areas like high‑efficiency electric motors and battery materials show management is deliberately planting seeds in energy‑transition technologies. Today, these initiatives are still small compared with the core coal and royalty operations, so their ultimate impact is uncertain, but they do indicate a willingness to adapt, move up the technology curve, and potentially open new growth paths beyond traditional mining.

Summary

Overall, ARLP looks like a mature, profitable energy partnership with a stronger financial footing than earlier in the decade, solid cash generation, and a cost‑competitive coal business supported by contracts and scale. The company is not standing still: it has broadened into oil and gas royalties and is investing in mining technology and emerging energy‑transition areas. The main trade‑off is clear: near‑term financial performance appears robust, but the long‑term outlook for coal is structurally pressured, making the success of diversification and innovation efforts an important swing factor for ARLP’s future trajectory.

NEWS

November 13, 2025 · 7:00 AM UTC

Alliance Resource Partners, L.P. to Attend Investor Conference

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October 28, 2025 · 9:18 AM UTC

Stonegate Capital Partners Updates Coverage on Alliance Resource Partners, L.P. (ARLP) 2025 Q3

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October 27, 2025 · 7:00 AM UTC

Alliance Resource Partners, L.P. Reports Third Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.60 Per Unit; and Updates 2025 Guidance

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October 13, 2025 · 7:00 AM UTC

Alliance Resource Partners, L.P. Announces Third Quarter 2025 Earnings Conference Call

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