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.

Ticker
ARLP
Exchange
Nasdaq
Sector
Energy
Industry
Thermal Coal
Market cap
$3.14B
52-week range
$23.01 - $29.45

Valuation

Share price
$24.39 (close of Nov 6, 2026)
P/E (TTM)
10.09x
Enterprise value
$594.79M

Price performance

PeriodChange
1 day-1.05%
5 days-8.65%
1 month-1.13%
3 months-3.67%
6 months-4.99%
Year to date+4.99%
1 year-2.44%
3 years+8.50%
5 years+108.82%
10 years+4.45%
All time+418.59%

Short interest

As of
Oct 15, 2026
Short % of float
1.76%
Shares short
1.60M
Days to cover
5.12
Change since prior report
+1.91%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
16.73%
Return on invested capital
15.76%
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

Current ratio
1.37x
Net debt to EBITDA
1.31x

Latest reported year

Period end
Dec 31, 2025
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
Interest expense
$39.73M
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%15.76%
2024-12-3119.45%14.74%19.47%16.16%
2023-12-3129.28%24.55%33.90%30.06%
2022-12-3130.90%24.22%34.32%28.64%
2021-12-3118.62%11.57%14.12%12.80%
2020-12-31--9.73%-12.05%-4.93%
2019-12-3116.95%20.36%31.56%12.51%
2018-12-3122.00%18.30%30.87%19.58%
2017-12-3121.92%16.90%26.37%20.23%
2016-12-3122.81%17.57%31.04%22.41%

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
Nov 6, 2026
Paid in the last twelve months
$3.00
Payment dateDividend per share
2026-11-06$0.60
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

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-26Sep 2026$0.82
2026-07-27Jun 2026$0.62
2026-04-27Mar 2026$0.27
2026-02-02Dec 2025$0.61
2025-10-27Sep 2025$0.67
2025-07-28Jun 2025$0.61
2025-04-28Mar 2025$0.63
2025-02-03Dec 2024$0.60

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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