ALLIANCE RESOURCE PARTNERS LP ARLP

Energy SIC 1221 - Bituminous Coal & Lignite Surface Mining NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Coal Mining › Surface Coal Mining derived Nasdaq

We are a diversified natural resource company that generates operating and royalty income from the production and marketing of coal to major domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests located in key producing regions across the United States. Our core objective is to maximize the value of our mineral asset base—both through coal production from our mining operations and through the leasing and development of our coal and oil & gas mineral interests. Our strategy is to provide reliable, baseload fuel for electricity generating customers while positioning the Partnership for long-term growth through investments in energy and related infrastructure. Leveraging our relationships with electric utilities, industrial customers, and government partners, we intend to pursue strategic opportunities that complement our operational strengths. We believe our diverse resource portfolio and targeted investments will continue to create long-term value for our unitholders.

Last close 26.14 2026-10-23
Market cap $3.36B 2026-06-30 share count
52-week range 23.01 - 29.45

Valuation FY2025 figures against the last close

P/S1.5x
P/E—
P/FCF8.7x
EV/EBITDA5.5x
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Coal Royalties - Transportation
  • Coal Royalties
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Coal Royalties - Transportation, FY2025: 2.1B (96.3%) 96% Coal Royalties - Transportation Coal Royalties, FY2025: 80.5M (3.7%) 4% FY2024 Coal Royalties - Transportation, FY2024: 2.4B (97.2%) 97% Coal Royalties, FY2024: 69.7M (2.8%) FY2023 Coal Royalties - Transportation, FY2023: 2.5B (97.4%) 97% Coal Royalties, FY2023: 65.6M (2.6%)
Segment FY2025FY2024FY2023
Coal Royalties - Transportation $2.12B $2.38B $2.51B
Coal Royalties $80.5M $69.7M $65.6M

As the company reported it, from the “Segment Information - Results (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.19B$2.45B$2.57B$2.42B$1.58B$1.33B$1.96B$2.00B$1.80B$1.93B
SG&A $83.1M$82.2M$79.1M$80.4M$70.3M$59.8M$73.0M$68.3M$61.8M$72.5M
Total operating expenses $1.81B$2.05B$1.89B$1.75B$1.36B$1.41B$1.70B$1.63B$1.46B$1.56B
Operating income $385.3M$394.1M$672.4M$667.4M$223.8M-$82.9M$259.5M$372.3M$331.9M$368.1M
Interest expense $39.7M$35.2M$36.1M$37.3M$39.2M$45.6M$45.9M$40.2M$39.4M$30.7M
Pre-tax income $336.0M$381.5M$644.5M$642.1M$183.8M-$129.0M$406.7M$367.5M$304.4M$339.6M
Income tax $18.8M$15.9M$8.3M$54.0M$417.0K$35.0K$211.0K$22.0K$210.0K$13.0K
Net income $311.2M$360.9M$630.1M$586.2M$182.8M-$129.2M$399.4M$366.6M$303.6M$339.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $71.2M$137.0M$59.8M$296.0M$122.4M$55.6M$36.5M$244.2M$6.8M$39.8M
Receivables $129.7M$166.8M$282.6M$241.4M$129.5M$104.6M$161.7M$174.9M$181.7M$152.0M
Inventory $142.6M$120.7M$127.6M$77.3M$60.3M$56.4M$101.3M$59.2M$60.3M$61.1M
Total current assets $430.1M$513.2M$516.1M$657.6M$339.2M$245.8M$319.6M$500.7M$281.6M$276.7M
Property, plant and equipment ——————$2.01B$1.41B$1.48B$1.59B
Goodwill ————$4.4M$4.4M$136.4M$136.4M$136.4M$136.4M
Other intangibles ———$1.0M$2.2M$6.0M$9.7M$9.3M$16.1M$26.6M
Total assets $2.85B$2.92B$2.79B$2.73B$2.23B$2.17B$2.59B$2.39B$2.22B$2.19B
Accounts payable $81.8M$98.2M$108.3M$95.1M$69.6M$47.5M$80.6M$96.4M$97.0M$64.1M
Short-term debt $23.6M$22.3M$20.3M$25.0M$16.1M$73.2M$13.2M$92.0M$72.4M$149.9M
Total current liabilities $204.4M$233.1M$227.5M$255.6M$177.6M$214.6M$195.6M$330.9M$289.6M$326.9M
Long-term debt $427.1M$450.9M$316.8M$397.2M$418.9M$519.4M$768.2M$564.0M$415.9M$399.4M
Total liabilities $993.6M$1.06B$929.8M$1.02B$933.3M$1.09B$1.32B$1.21B$1.07B$1.10B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $651.1M$803.1M$824.2M$802.3M$432.2M$400.6M$514.9M$694.3M$556.1M$703.5M
Depreciation and amortisation $299.4M$285.4M$268.0M$276.7M$264.8M$313.4M$309.1M$280.2M$269.0M$336.5M
Stock-based compensation $8.9M$10.6M$12.9M$11.0M$5.7M$3.3M$11.9M$12.1M$12.3M$13.9M
Capital expenditure $263.3M$428.7M$379.3M$286.4M$123.0M$121.1M$305.9M$233.5M$145.1M$91.1M
Investing cash flow -$331.3M-$440.7M-$553.3M-$403.3M-$142.7M-$125.1M-$488.1M-$245.2M-$244.8M-$191.8M
Financing cash flow -$385.7M-$285.3M-$507.1M-$225.4M-$222.7M-$256.4M-$234.4M-$211.7M-$344.4M-$505.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020468.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.9B Net income, FY2016: 339.4M Revenue, FY2017: 1.8B Net income, FY2017: 303.6M Revenue, FY2018: 2B Net income, FY2018: 366.6M Revenue, FY2019: 2B Net income, FY2019: 399.4M Revenue, FY2020: 1.3B Net income, FY2020: -129.2M Revenue, FY2021: 1.6B Net income, FY2021: 182.8M Revenue, FY2022: 2.4B Net income, FY2022: 586.2M Revenue, FY2023: 2.6B Net income, FY2023: 630.1M Revenue, FY2024: 2.4B Net income, FY2024: 360.9M Revenue, FY2025: 2.2B Net income, FY2025: 311.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.93B $1.80B $2.00B $1.96B $1.33B $1.58B $2.42B $2.57B $2.45B $2.19B
Gross profit — — — — — — — — — —
Net income $339.4M $303.6M $366.6M $399.4M -$129.2M $182.8M $586.2M $630.1M $360.9M $311.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Mine safety A mine operator reporting a shutdown order or a pattern of safety violations. Item 1.04
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed Item 1.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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