Alliance Resource Partners LP (ARLP)

Alliance Resource Partners, L.P., a diversified natural resource company, engages in the production and marketing of coal to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. It produces bituminous coal from its underground mines sold to electric power generation and the steel production customers. The company operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition, it owns and leases oil and gas mineral interests and equity interests; and leases its coal mineral reserves and resources to its mining complexes; and leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems, and data and analytics software. It also exports its products. Alliance Resource Partners, L.P. was founded in 1971 and is headquartered in Tulsa, Oklahoma.

Symbol
ARLP
Exchange
Nasdaq
Sector
Energy
Industry
Thermal Coal
Market cap
$3.29B
52 week range
23 - 29.45

Valuation

Share price
$25.48 (close of 2026-09-23)
P/E (TTM)
12.32x
Price to book
1.84x
Price to free cash flow
9.21x
Enterprise value
$3.77B
Book value per share
$13.88

Price performance

PeriodChange
1 day-1.24%
5 days-2.52%
1 month-3.12%
3 months+3.79%
6 months-8.84%
Year to date+9.69%
1 year+7.01%
3 years+18.24%
5 years+167.65%
10 years+20.13%
All time+442.13%

Profitability and growth

Return on equity
16.73%
Return on invested capital
16.26%
Return on assets
10.90%
Return on capital employed
14.54%
Gross margin
21.34%
Net margin
14.18%
EBITDA margin
31.52%
Revenue growth
-10.37%
Net income growth
-13.77%
Free cash flow growth
3.60%

Cash flow and balance sheet

Free cash flow yield (TTM)
10.86%
Current ratio
1.75x
Net debt to EBITDA
1.42x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$2.19B
Cost of revenue
$1.73B
Gross profit
$468.42M
EBITDA
$691.80M
Net income
$311.16M
Earnings per share
$2.42
Shares outstanding
128.39M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.19B$468.42M$311.16M$2.42
2024-12-31$2.45B$476.35M$360.86M$2.82
2023-12-31$2.57B$751.49M$630.12M$4.95
2022-12-31$2.42B$747.87M$586.20M$4.61
2021-12-31$1.58B$294.04M$182.77M$0.00
2020-12-31$1.33B-$-129.22M$0.00
2019-12-31$1.96B$332.50M$399.41M$0.00
2018-12-31$2.00B$440.58M$366.60M$0.00
2017-12-31$1.80B$393.68M$303.64M$0.00
2016-12-31$1.93B$440.64M$339.40M$0.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3121.34%14.18%16.73%16.26%
2024-12-3119.45%14.74%19.47%17.16%
2023-12-3129.28%24.55%33.90%30.89%
2022-12-3130.90%24.22%34.32%33.23%
2021-12-3118.62%11.57%14.12%13.77%
2020-12-31--9.73%-12.05%-5.09%
2019-12-3116.95%20.36%31.56%12.73%
2018-12-3122.00%18.30%30.87%22.47%
2017-12-3121.92%16.90%26.37%20.31%
2016-12-3122.81%17.57%31.04%22.96%

Cash and debt by year

Period endCashDebt
2025-12-31$71.21M$427.14M
2024-12-31$136.96M$450.88M
2023-12-31$59.81M$316.82M
2022-12-31$296.02M$397.20M
2021-12-31$122.40M$418.94M
2020-12-31$55.57M$519.42M
2019-12-31$36.48M$768.19M
2018-12-31$244.15M$564.00M
2017-12-31$6.76M$415.94M
2016-12-31$39.78M$399.45M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$387.86M$8.87M
2024-12-31$374.39M$10.61M
2023-12-31$444.89M$12.86M
2022-12-31$515.96M$11.03M
2021-12-31$309.19M$5.71M
2020-12-31$279.54M$3.35M
2019-12-31$209.04M$11.93M
2018-12-31$460.87M$12.11M
2017-12-31$411.03M$12.33M
2016-12-31$612.49M$13.88M

Dividend history

Most recent payment
2026-08-07
Paid in the last twelve months
$2.40
Payment dateDividend per share
2026-08-07$0.60
2026-05-08$0.60
2026-02-06$0.60
2025-11-07$0.60
2025-08-07$0.60
2025-05-08$0.70
2025-02-07$0.70
2024-11-07$0.70

Investor relations

Next earnings report

Next confirmed report
2026-10-26
Consensus EPS estimate
$0.84

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-27Jun/2026$0.62
2026-04-27--
2026-02-02--
2025-10-27--
2025-07-28--
2025-04-28--
2025-02-03--
2025-01-27--

Filings and sources

Company website
arlp.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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