ARLP

MKT CAP:$3B

Alliance Resource Partners, L.P.

Market Cap

$3B

Energy·Coal·🇺🇸 United States·NASDAQ

Energy·Coal·🇺🇸·NASDAQ

Stock Price

$25.23+$1.94 (+8.33%)

Apr 23, 2026

Company Details

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations...

CEO

Joseph W. Craft

IPO Date

Aug 17, 1999

Website

www.arlp.com

Key Metrics TTM

Revenue

$1.7B

-8.3% YoY

Net Income

$130M

EPS (Diluted)

$1.01

Free Cash Flow

$339M

Revenue / Share

$13.27

Gross Margin

15.9%

Operating Margin

11.5%

Net Margin

7.7%

FCF Margin

19.9%

P/S

1.9x

P/E

24.6x

Earnings Reports

Q1 2026

Apr 27, 2026

PENDING

FY 2025

Feb 26, 2026

$2.2BEPS $2.42

Q4 2025

Feb 26, 2026

$536MEPS $0.64

Q2 2025

Aug 7, 2025

$547MEPS $0.46

FY 2020

Feb 23, 2021

$1.3BEPS -$1.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$527M	$144M	$124M
Q1 17	$461M	$124M	$108M
Q2 17	$399M	$94M	$80M
Q3 17	$453M	$81M	$66M
Q4 17	$483M	$94M	$78M
Q1 18	$457M	$97M	$80M
Q3 18	$498M	$90M	$75M
Q4 18	$532M	$109M	$90M
Q1 19	$527M	$122M	$105M
Q2 19	$517M	$88M	$68M
Q3 19	$465M	$84M	$66M
Q1 20	$351M	$38M	$24M
Q2 20	$255M	-$21M	-$35M
Q4 20	$367M	$64M	$46M
Q2 25	$547M	$109M	$89M
Q4 25	$536M	$118M	$97M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q1 17	—	—
Q2 17	1.7x	10.4x
Q3 17	1.7x	10.7x
Q4 17	1.8x	11.6x
Q1 18	1.8x	9.3x
Q3 18	1.7x	9.0x
Q4 18	1.6x	9.3x
Q1 19	1.6x	5.9x
Q2 19	1.5x	7.1x
Q3 19	1.6x	7.7x
Q1 20	1.7x	14.5x
Q2 20	2.0x	—
Q4 20	2.2x	—
Q2 25	2.1x	—
Q4 25	1.9x	24.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$209M	$184M
Q1 17	$177M	$147M
Q2 17	$119M	$82M
Q3 17	$171M	$133M
Q4 17	$101M	$61M
Q1 18	$225M	$173M
Q3 18	$207M	$143M
Q4 18	$116M	$67M
Q1 19	$146M	$62M
Q2 19	$158M	$77M
Q3 19	$107M	$31M
Q1 20	$79M	$25M
Q2 20	$92M	$55M
Q4 20	$109M	$100M
Q2 25	$152M	$85M
Q4 25	$144M	$99M

Capital Expenditures

Quarter	CapEx
Q4 16	$25M
Q1 17	$30M
Q2 17	$37M
Q3 17	$38M
Q4 17	$40M
Q1 18	$52M
Q3 18	$64M
Q4 18	$49M
Q1 19	$84M
Q2 19	$82M
Q3 19	$76M
Q1 20	$54M
Q2 20	$37M
Q4 20	$9M
Q2 25	$67M
Q4 25	$45M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 17	-17.9%	-15.0%
Q4 17	-8.4%	+0.4%
Q1 18	-0.9%	+6.6%
Q3 18	+24.8%	+32.6%
Q4 18	+17.4%	+14.1%
Q1 19	+9.0%	+4.2%
Q2 19	+13.1%	+19.0%
Q3 19	-6.6%	-5.7%
Q1 20	-34.0%	-26.2%
Q2 20	-51.5%	-31.2%
Q4 20	-29.1%	-28.5%
Q2 25	+17.8%	+14.9%
Q4 25	+52.7%	+34.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$0	0.0%
Q1 17	$0	0.0%
Q2 17	$0	0.0%
Q3 17	$0	0.0%
Q4 17	$0	0.0%
Q1 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$0	0.0%
Q1 19	$0	0.0%
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 16	$20M
Q1 17	$16M
Q2 17	$15M
Q3 17	$15M
Q4 17	$16M
Q1 18	$17M
Q3 18	$16M
Q4 18	$19M
Q1 19	$18M
Q2 19	$20M
Q3 19	$18M
Q1 20	$13M
Q2 20	$14M
Q4 20	$19M
Q2 25	$20M
Q4 25	$20.8B

Revenue Segments

Quarter	Coal Products And Services Revenue	Product And Service Other	Shipping And Handling	Coal Products and Services Revenue	Coal Royalties	Product and Service, Other	Royalty	Shipping and Handling
Q1 18	$424M	$14M	$20M	—	—	—	—	—
Q3 18	$460M	$9M	$29M	—	—	—	—	—
Q4 18	$485M	$11M	$36M	—	—	—	—	—
Q2 25	—	—	—	$485M	-$18M	$18M	$35M	$9M
Q4 25	—	—	—	$467M	—	$24M	$34M	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$128M	$0	$128M
Q2 22	$106M	$0	$106M
Q3 22	$278M	$0	$278M
Q4 22	$296M	$0	$296M
Q1 23	$271M	$0	$271M
Q2 23	$285M	$0	$285M
Q3 23	$197M	$0	$197M
Q4 23	$60M	$0	$60M
Q1 24	$134M	$0	$134M
Q2 24	$204M	$0	$204M
Q3 24	$195M	$0	$195M
Q4 24	$137M	$0	$137M
Q1 25	$81M	$0	$81M
Q2 25	$55M	$0	$55M
Q3 25	$94M	$0	$94M
Q4 25	$71M	$0	$71M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	74M	+0.0%	—
Q1 17	75M	+0.2%	—
Q2 17	75M	+0.1%	—
Q3 17	114M	+53.1%	+53.6%
Q4 17	131M	+14.4%	+75.7%
Q1 18	131M	+0.1%	+75.6%
Q3 18	131M	+0.3%	+75.8%
Q4 18	130M	-1.1%	+13.6%
Q1 19	128M	-1.2%	-2.0%
Q2 19	128M	+0.2%	-1.9%
Q3 19	128M	+0.0%	-2.1%
Q1 20	127M	-1.0%	-2.1%
Q2 20	127M	+0.1%	-0.7%
Q4 20	127M	+0.0%	-0.9%
Q2 25	128M	+1.0%	+0.0%
Q4 25	128M	0.0%	+1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$158.7K	3K
Q1 17	$138.7K	3K
Q2 17	$120.0K	3K
Q3 17	$136.3K	3K
Q4 17	$145.5K	3K
Q1 18	$137.6K	3K
Q3 18	$149.9K	3K
Q4 18	$147.8K	4K
Q1 19	$146.3K	4K
Q2 19	$143.7K	4K
Q3 19	$129.1K	4K
Q1 20	$97.4K	4K
Q2 20	$70.9K	4K
Q4 20	$126.3K	3K
Q2 25	$149.9K	4K
Q4 25	$149.8K	4K

Revenue / Employee