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Alliance Resource Partners LP (ARLP) stock

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NASDAQ: ARLP Nasdaq Coal & Consumable Fuels Next results ~February 1, 2027

C+ Fundamentals grade

Alliance Resource Partners LP is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: share count (37m) is 0.29x the cover-page count (129m).

Price vs value

Under review: share count (37m) is 0.29x the cover-page count (129m). We'll show the comparison once resolved.

Alliance Resource Partners LP valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Alliance Resource Partners files

Where Alliance Resource Partners LP stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.17bn, down 5.1% on a year earlier, a smaller fall than the 7.1% decline a quarter earlier. Free-cash-flow margin rose to 16.4% from 13.9% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 5 financial-health checks.

Our model value for Alliance Resource Partners is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

Alliance Resource Partners LP's trailing-twelve-month revenue fell 5.1% year on year, with a free-cash-flow margin of 16.4%. Where it stands out: operating margin of 14.7% ranks 2 of 8 coal & consumable fuels companies we cover. Where it lags: long-term debt as % of assets of 16.9% ranks 7 of 8 coal & consumable fuels companies we cover.

Our discounted-cash-flow model values the business at ~$40 per share in the base case (~$29–$55 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net income rising while operating cash flow falls: TTM net income grew 12.9% while operating cash flow fell 9.3% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 5.1% over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 16.9% ranks 7 of 8 coal & consumable fuels companies we cover (median 9.7%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.97 against an average estimate of $0.82: beat by 19.3%
Revenue
$552m, up 0.7% on a year earlier
Share reaction
+2.1% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
coal sales price per ton sold - Illinois Basin $51 to $51.5 (full year ending December 31, 2026); coal sales price per ton sold - Appalachia $65 to $65.5 (full year ending December 31, 2026)
Next report
October 26, 2026; average EPS estimate $0.78

Alliance Resource Partners' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.5%
  • 1 week-0.4%
  • 1 month+7.2%
  • This year+21.7%
  • 1 year+18.4%
  • 5 years+269.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
14.7%
Net margin
12.3%

Growth

Revenue growth
−5.1%
Change in growth rate
+2.0 pts

Cash

Free cash flow (TTM)
$357M
FCF margin
16.4%

Earnings

Last results
October 26, 2026
Next results (est.)
February 1, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Results
  4. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Alliance Resource Partners LP valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (37m) is 0.29x the cover-page count (129m): held for review.

Our value per share comes from a discounted-cash-flow model of Alliance Resource Partners LP's free cash flow after stock-based pay ( $333M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Alliance Resource Partners LP as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$40 ~$29–$55 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$33 ~$26–$38 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Alliance Resource Partners LP with Coal & Consumable Fuels in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

67 /100

Moderate moat

How hard Alliance Resource Partners's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 14.9% of total assets over 10 years.

  • Durability 5 / 20

    Operating margin has been a median 17.4%; its worst year was -5.3%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 10 of 10 years, at a median 16.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.52 −5% $2.3bn +3%
Next $3.01 +20% $2.3bn +4%

Next year's EPS estimate has moved +3.6% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.4% on 90 days ago. In the last 30 days, 1 analyst raised Alliance Resource Partners LP's forecast and 1 cut it.

Consensus EPS forecast Alliance Resource Partners LP, last 90 days
$2.40 $2.60 $2.80 $3.00 $3.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.46 Current fiscal year, 60 days ago: $2.46 Current fiscal year, 30 days ago: $2.46 Current fiscal year, 7 days ago: $2.46 Current fiscal year, Now: $2.52 $2.52 Next fiscal year, 90 days ago: $2.91 Next fiscal year, 60 days ago: $2.91 Next fiscal year, 30 days ago: $2.91 Next fiscal year, 7 days ago: $2.91 Next fiscal year, Now: $3.01 $3.01

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.46$2.91
60 days ago $2.46$2.91
30 days ago $2.46$2.91
7 days ago $2.46$2.91
Now $2.52$3.01

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.82 $0.97 +19.3%
Jun 2026 $0.65 $0.66 +1.7%
Mar 2026 $0.29 $0.38 +32.1%
Dec 2025 $0.57 $0.78 +36.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 26, 2026
  • Coal sales price per ton sold - Illinois Basin · Illinois Basin Coal Operations full year ending December 31, 2026 $51 to $51.5
    “Illinois Basin $51.00 - $51.50” source
  • Coal sales price per ton sold - Appalachia · Appalachia Coal Operations full year ending December 31, 2026 $65 to $65.5
    “Appalachia $65.00 - $65.50” source
  • Coal sales price per ton sold - Total · Total Coal Operations full year ending December 31, 2026 $54.25 to $54.75
    “Total $54.25 - $54.75” source
  • Segment Adjusted EBITDA Expense per ton sold - Illinois Basin · Illinois Basin Coal Operations full year ending December 31, 2026 $33.5 to $34.25 Non-GAAP
    “Illinois Basin $33.50 - $34.25” source
  • Segment Adjusted EBITDA Expense per ton sold - Appalachia · Appalachia Coal Operations full year ending December 31, 2026 $50 to $51 Non-GAAP
    “Appalachia $50.00 - $51.00” source
  • Segment Adjusted EBITDA Expense per ton sold - Total · Total Coal Operations full year ending December 31, 2026 $37.5 to $38.5 Non-GAAP
    “Total $37.50 - $38.50” source
Show 7 more items
  • Oil (Million Barrels) · Oil & Gas Royalties full year ending December 31, 2026 1.9m to 2m
    “Oil (Million Barrels) 1.900 - 2.000” source
  • Natural gas (Million MCF) · Oil & Gas Royalties full year ending December 31, 2026 10.25m to 10.75m
    “Natural gas (Million MCF) 10.250 - 10.750” source
  • Liquids (Million Barrels) · Oil & Gas Royalties full year ending December 31, 2026 1.1m to 1.2m
    “Liquids (Million Barrels) 1.100 - 1.200” source
  • Segment Adjusted EBITDA Expense (% of Oil & Gas Royalties Revenue) full year ending December 31, 2026 about 14% Non-GAAP
    “Segment Adjusted EBITDA Expense (% of Oil & Gas Royalties Revenue) ~ 14.0%” source
  • Royalty tons sold (Million Short Tons) · Coal Royalties full year ending December 31, 2026 29.5m to 30.2m
    “Royalty tons sold (Million Short Tons) 29.5 - 30.2” source
  • Revenue per royalty ton sold · Coal Royalties full year ending December 31, 2026 $3 to $3.2
    “Revenue per royalty ton sold $3.00 - $3.20” source
  • Segment Adjusted EBITDA Expense per royalty ton sold · Coal Royalties full year ending December 31, 2026 $1.1 to $1.2 Non-GAAP
    “Segment Adjusted EBITDA Expense per royalty ton sold $1.10 - $1.20” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Alliance Resource Partners LP's revenue by +3.8% next year and +2.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.9%, weight 45%) and the company's own record (+2.0%, weight 55%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622

Counts of recommendations published by analysts covering Alliance Resource Partners LP, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.8%
of tradable shares
Days to cover
5.63
at average volume
Short interest, 1 month
+15%
to October 15, 2026
Held by institutions
16%
of shares
Held by insiders
29.3%
of shares
Employees
3,575
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.4%

$22.21 on October 31, 2025 to $26.29

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.2bn −5.1%
Net margin 10.3% 12.3% +19.0%
P/E multiple 3.5x 3.6x +4.8%
Share count 37m 37m 0.0%

Biggest factor: net margin.

Last 3 years +51.0%

$17.42 on November 3, 2023 to $26.29

ThenNowEffect
Revenue (last 12 months) $2.6bn $2.2bn −17.7%
Net margin 28.2% 12.3% −56.6%
P/E multiple 0.9x 3.6x +322.4%
Share count 37m 37m 0.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ARLP+196%+73%+19%+40%−3%+22%
Industry peers (median)+165%+57%+71%−14%+54%−26%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ARLP75%58%67%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ARLP−20%−21%−21%−14%−18%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 85% from December 7, 2016 to October 19, 2020. Getting back needed a 578% gain, reached on April 12, 2022, 540 days after the low.

Price behaviour

52-week range
$21.48 – $27.64
From 52-week high
−4.9%
vs 50-day average
+2.0%
vs 200-day average
+5.3%
Volatility (1 year)
21%
Beta vs S&P 500
-0.07

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.6%
After a week
8 up, 4 down
typical move ±5.4%
After a month
6 up, 5 down
typical move ±9.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 +2.1% +1.3% +0.6% —
July 27, 2026 +4.9% +0.3% +5.7% +9.7%
April 27, 2026 +6.3% −0.3% +5.6% +2.6%
February 2, 2026 +5.0% −0.4% +5.1% +16.0%
October 27, 2025 +5.5% +1.4% +8.2% +7.0%
July 28, 2025 −2.3% −0.3% −4.5% −16.8%
April 28, 2025 −0.3% +0.7% +0.3% −1.5%
February 3, 2025 −2.5% 0.0% −5.7% −9.9%
October 28, 2024 −0.1% +0.5% +3.2% +12.8%
July 29, 2024 −5.2% −0.4% −10.7% −3.7%
April 29, 2024 +6.1% −1.2% +12.2% +14.1%
January 29, 2024 −2.4% +0.7% −2.6% −9.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Alliance Resource Partners LP in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Alliance Resource Partners LP
$2B $2.2B $2.4B $2.6B $2.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.6B Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.6B Revenue (TTM), FY24 Q2: $2.5B Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.3B Revenue (TTM), FY25 Q2: $2.3B Revenue (TTM), FY25 Q3: $2.2B Revenue (TTM), FY25 Q4: $2.2B Revenue (TTM), FY26 Q1: $2.2B Revenue (TTM), FY26 Q2: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.6B
FY23 Q4 $2.6B
FY24 Q1 $2.6B
FY24 Q2 $2.5B
FY24 Q3 $2.5B
FY24 Q4 $2.4B
FY25 Q1 $2.3B
FY25 Q2 $2.3B
FY25 Q3 $2.2B
FY25 Q4 $2.2B
FY26 Q1 $2.2B
FY26 Q2 $2.2B
Revenue growth, TTM YoY Alliance Resource Partners LP
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 20.3% Revenue growth, TTM YoY, FY23 Q4: 6.1% Revenue growth, TTM YoY, FY24 Q1: -2.4% Revenue growth, TTM YoY, FY24 Q2: -5.1% Revenue growth, TTM YoY, FY24 Q3: -6.1% Revenue growth, TTM YoY, FY24 Q4: -4.6% Revenue growth, TTM YoY, FY25 Q1: -8.5% Revenue growth, TTM YoY, FY25 Q2: -8.6% Revenue growth, TTM YoY, FY25 Q3: -9.4% Revenue growth, TTM YoY, FY25 Q4: -10.4% Revenue growth, TTM YoY, FY26 Q1: -7.1% Revenue growth, TTM YoY, FY26 Q2: -5.1% -5.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 20.3%
FY23 Q4 6.1%
FY24 Q1 -2.4%
FY24 Q2 -5.1%
FY24 Q3 -6.1%
FY24 Q4 -4.6%
FY25 Q1 -8.5%
FY25 Q2 -8.6%
FY25 Q3 -9.4%
FY25 Q4 -10.4%
FY26 Q1 -7.1%
FY26 Q2 -5.1%
Operating margin (TTM) Alliance Resource Partners LP
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 29.3% Operating margin (TTM), FY23 Q4: 26.2% Operating margin (TTM), FY24 Q1: 24.5% Operating margin (TTM), FY24 Q2: 22.3% Operating margin (TTM), FY24 Q3: 19.9% Operating margin (TTM), FY24 Q4: 16.1% Operating margin (TTM), FY25 Q1: 14.0% Operating margin (TTM), FY25 Q2: 13.1% Operating margin (TTM), FY25 Q3: 13.5% Operating margin (TTM), FY25 Q4: 17.6% Operating margin (TTM), FY26 Q1: 14.4% Operating margin (TTM), FY26 Q2: 14.7% 14.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 29.3%
FY23 Q4 26.2%
FY24 Q1 24.5%
FY24 Q2 22.3%
FY24 Q3 19.9%
FY24 Q4 16.1%
FY25 Q1 14.0%
FY25 Q2 13.1%
FY25 Q3 13.5%
FY25 Q4 17.6%
FY26 Q1 14.4%
FY26 Q2 14.7%
FCF margin (TTM) Alliance Resource Partners LP
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 23.3% FCF margin (TTM), FY23 Q4: 17.3% FCF margin (TTM), FY24 Q1: 15.8% FCF margin (TTM), FY24 Q2: 13.1% FCF margin (TTM), FY24 Q3: 12.4% FCF margin (TTM), FY24 Q4: 15.3% FCF margin (TTM), FY25 Q1: 14.9% FCF margin (TTM), FY25 Q2: 13.9% FCF margin (TTM), FY25 Q3: 16.2% FCF margin (TTM), FY25 Q4: 17.7% FCF margin (TTM), FY26 Q1: 15.6% FCF margin (TTM), FY26 Q2: 16.4% 16.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 23.3%
FY23 Q4 17.3%
FY24 Q1 15.8%
FY24 Q2 13.1%
FY24 Q3 12.4%
FY24 Q4 15.3%
FY25 Q1 14.9%
FY25 Q2 13.9%
FY25 Q3 16.2%
FY25 Q4 17.7%
FY26 Q1 15.6%
FY26 Q2 16.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Alliance Resource Partners took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.2B
  2. Selling, general and admin $83.1M · 3.8%
  3. Other operating costs $1.7B · 78.7%
  4. Operating income $385M · 17.6%
  5. Income tax $18.8M · 0.9%
  6. Interest and other $55.4M · 2.5%
  7. Net income $311M · 14.2%

Shares of revenue. Source: Alliance Resource Partners's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,231 1,610 1,844 2,034 2,206 2,301 2,274 1,931 1,796 2,003 1,962 1,328 1,579 2,420 2,567 2,449 2,195 2,174
EBITDA 339 499 573 593 708 819 685 705 601 653 569 231 489 944 940 680 685 638
Operating income 222 352 413 374 444 544 361 368 332 372 259 −83 224 667 672 394 385 320
Net income 192 321 389 336 393 497 306 339 304 367 399 −129 183 586 630 361 311 266
Growth (year on year)
Revenue +6.4% +30.8% +14.5% +10.3% +8.4% +4.3% −1.2% −15.1% −7.0% +11.5% −2.1% −32.3% +18.9% +53.2% +6.1% −4.6% −10.4% −5.1%
EBITDA +32.0% +47.0% +15.0% +3.4% +19.5% +15.6% −16.3% +2.8% −14.7% +8.6% −12.9% −59.5% +111.9% +93.2% −0.4% −27.7% +0.8% +6.7%
Operating income +46.1% +58.7% +17.4% −9.3% +18.4% +22.7% −33.6% +1.8% −9.8% +12.2% −30.3% −131.9% — +198.3% +0.7% −41.4% −2.2% +6.8%
Net income +43.2% +67.1% +21.3% −13.8% +17.3% +26.4% −38.4% +10.8% −10.5% +20.7% +8.9% −132.4% — +220.7% +7.5% −42.7% −13.8% +12.9%
Margins
EBITDA margin 27.5% 31.0% 31.1% 29.1% 32.1% 35.6% 30.1% 36.5% 33.5% 32.6% 29.0% 17.4% 30.9% 39.0% 36.6% 27.8% 31.2% 29.3%
Operating margin 18.0% 21.8% 22.4% 18.4% 20.1% 23.7% 15.9% 19.1% 18.5% 18.6% 13.2% −6.2% 14.2% 27.6% 26.2% 16.1% 17.6% 14.7%
Net margin 15.6% 19.9% 21.1% 16.5% 17.8% 21.6% 13.5% 17.6% 16.9% 18.3% 20.4% −9.7% 11.6% 24.2% 24.5% 14.7% 14.2% 12.3%
Free-cash-flow margin −3.7% 14.3% 13.7% 6.5% 17.0% 18.8% 22.1% 31.7% 22.9% 23.0% 10.7% 21.0% 19.6% 21.3% 17.3% 15.3% 17.7% 16.4%
Cash flow
Cash from operations 283 521 574 556 705 739 716 704 556 694 515 401 432 802 824 803 651 612
Capital spending 328 290 322 425 329 307 213 91 145 233 306 121 123 286 379 429 263 255
Free cash flow −45 231 252 131 376 432 504 612 411 461 209 280 309 516 445 374 388 357
Stock-based pay 4 4 6 7 9 11 13 14 12 12 12 3 6 11 13 11 9 —
Free cash flow after stock pay −49 227 246 124 367 421 491 599 399 449 197 276 303 505 432 364 379 —
Balance sheet
Cash 22 340 274 28 94 25 33 40 7 244 36 56 122 296 60 137 71 111
Total debt 440 — 704 791 868 821 819 550 502 667 789 604 443 427 348 490 463 590
Net debt (negative = net cash) 418 −340 430 763 774 797 786 510 496 423 753 548 321 131 288 353 392 479
Diluted shares 37m 37m — — — — — — — — — — — — — — — —
Returned to shareholders
Buybacks — — — — — — — — — 71 23 — — — 19 0 0 —
Total returned — — — — — — — — — 71 23 — — — 19 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · June 30, 2026
What it owns · $2.9bn
Short-term assets $509mLonger-term assets $2.4bn
What it owes, and who funded it · $1.2bn
Short-term liabilities $290mLonger-term liabilities $865m
  • Short-term assets cover short-term liabilities $509m of assets due within a year against $290m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $509m short-term assets against $865m of longer-dated liabilities.
  • More cash than debt $111m of cash against $580m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $612m of operating cash flow against $580m of debt.
  • Operating profit covers interest at least five times over Operating income of $320m against $46m of interest.

From Alliance Resource Partners LP's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$19.4M
Days sales outstanding
34 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in coal & consumable fuels
Last 12 months unless stated ARLP AMR CCJ HCC BTU CNR Median
Revenue, last 12 months $2.2bn $2.1bn $2.5bn $1.7bn $4.0bn $4.3bn $2.1bn
Revenue growth, last 12 months −5.1% −12.9% 8.9% 37.5% −0.7% 28.7% 2.0%
Revenue growth, 3-year average −6.3% −15.8% — 1.1% −10.5% 18.8% −3.6%
Revenue growth, latest quarter 0.7% −10.4% — 71.3% 12.7% 3.5% 3.5%
Gross margin — — 27.9% 32.1% — — 23.2%
Operating margin 14.7% −2.2% 17.8% 13.6% −5.6% 1.9% 5.1%
Operating margin, 3-year average 16.7% 4.3% 0.9% 14.3% 4.7% — 4.3%
Net margin 12.3% −2.2% 16.9% 13.0% −4.6% 2.3% 4.3%
Cash from operations / revenue 28.2% 6.7% 40.4% 17.9% 5.5% 13.2% 15.6%
Free-cash-flow margin 16.4% −0.1% 30.9% 0.9% −4.9% 6.1% 3.5%
Free-cash-flow margin, 3-year average 14.5% 6.9% 25.9% −3.1% 1.2% 9.3% 6.3%
Stock pay / revenue 0.3% 0.7% 0.3% 1.3% 0.4% 0.2% 0.4%
Change in share count — −1.7% −0.1% 0.5% −12.9% 26.1% 0.2%

Median of all 8 companies we cover in coal & consumable fuels. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

8 coal & consumable fuels companies
Measure Company Peer median Rank
Revenue growth Growth -5.1% 4.7% 6 of 8
Change in growth rate Growth +2.0pp +2.0pp 4 of 8
Operating margin Profitability 14.7% 8.3% 2 of 8
Net margin Profitability 12.3% 6.2% 3 of 8
Free-cash-flow margin Cash generation 16.4% 6.1% 3 of 8
Long-term debt as % of assets Balance sheet 16.9% 9.7% 7 of 8
Days sales outstanding Balance sheet 34 days 38 days 3 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Coal Products and Services Revenue $1.9B 88.0% ▼ 8.5%
Royalty $138M 6.3% ▼ 0.3%
Other $87.8M 4.0% ▲ 2.1%
Shipping and Handling $36.6M 1.7% ▼ 67.5%

From Alliance Resource Partners LP's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$470M
Institutions reporting
169
Shares held vs prior quarter
▼ 11.8%
Positions opened / closed
20 / 29

Top buyers and sellers, Q2 2026: 71 institutions bought and 67 sold ; the biggest buyer was Lido Advisors, LLC (+1.1M shares) and the biggest seller Morgan Stanley (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $81.8M 3.4M 17.4% ▼ 29.8%
Progeny 3, Inc. $77.9M 3.2M 16.6% ▲ 0.6%
Magnolia Group, LLC $30.3M 1.3M 6.4% ▼ 10.5%
Atlanta Consulting Group Advisors, LLC $28.3M 1.2M 6.0% ▼ 0.1%
Lido Advisors, LLC $26.3M 1.1M 5.6% New
Energy Income Partners, LLC $25.1M 1.0M 5.3% ▲ 41.7%
ING Groep NV $13.3M 556K 2.8% ▲ 7.5%
Raymond James Financial Inc $12.2M 507K 2.6% ▲ 3.3%
Invesco Ltd. $10.2M 427K 2.2% ▲ 0.9%
Vista Investment Partners LLC $8.7M 364K 1.9% 0.0%
Goldman Sachs Group Inc $7.9M 329K 1.7% ▲ 48.9%
Fairbanks Capital Management, Inc. $6.7M 280K 1.4% ▼ 0.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Alliance Resource Partners LP's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $80,160 2 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $80,160 net buying
Insider Date Trade Shares Price Value
Mcdaniel Ronna R. Director August 18, 2026 Buy 70 $25.81 $1,800
Mcdaniel Ronna R. Director July 31, 2026 Buy 3,000 $26.12 $78,360

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 42 trades and filings

In the last 12 months, 1 member of Congress disclosed 4 purchases and 1 sale of Alliance Resource Partners LP shares.

  • Virginia Foxx(R-NC 5):Sale (partial), $15,001 - $50,000, traded June 18, 2026, filed July 10, 2026
  • Virginia Foxx(R-NC 5):Purchase, $1,001 - $15,000, traded May 15, 2026, filed June 2, 2026
  • Virginia Foxx(R-NC 5):Purchase, $1,001 - $15,000, traded February 13, 2026, filed March 2, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • February 2, 2026
  • October 27, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Alliance Resource Partners LP was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Alliance Resource Partners LP in brief

What does Alliance Resource Partners LP do?
Alliance Resource Partners LP is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.
What is Alliance Resource Partners LP's stock ticker?
Alliance Resource Partners LP trades under the ticker ARLP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Alliance Resource Partners LP's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Alliance Resource Partners LP reported revenue of $2.2B, 5.1% lower than a year earlier, according to its SEC filings.
What is Alliance Resource Partners LP's free cash flow?
Alliance Resource Partners LP's free-cash-flow margin is 16.4% of revenue over the trailing twelve months, ranking 3 of the 8 coal & consumable fuels companies we cover.
Who are Alliance Resource Partners LP's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Progeny 3, Inc. and Magnolia Group, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Alliance Resource Partners LP's competitors?
In our Coal & Consumable Fuels peer group, the companies closest to Alliance Resource Partners LP are Alpha Metallurgical Resources, Inc., Cameco Corp, Warrior MET Coal, Inc., Peabody Energy Corp and Core Natural Resources, Inc. The side-by-side comparison below sets their revenue, margins and growth against Alliance Resource Partners LP's.
Are insiders buying or selling Alliance Resource Partners LP stock?
Over the last 12 months, Alliance Resource Partners LP's directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Alliance Resource Partners LP's next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Alliance Resource Partners LP announces its own schedule.