Alliance Resource Partners LP
arlp.comWhat Do They Do?
Produces and sells coal to electric utilities, industrial users and international customers, and leases oil and gas mineral interests to operators.
10-K for FY2025, filed Feb 26, 2026We are a diversified natural resource company that generates operating and royalty income from the production and marketing of coal to…View ↗
We also own mineral and royalty interests in approximately 70,000 net royalty acres, including approximately 4,000 net royalty acres…View ↗
Coal remains an essential fuel source for electric power generation and a critical input for steel production, with additional uses in…View ↗
How Do They Make Money?
Coal buyers pay for shipments when coal ships or is delivered, typically within two to four weeks of performance. Oil and gas royalties track production or revenue, while operators pay lease bonuses when leases are signed; transportation costs are reimbursed, and other fees are paid when goods or services transfer.
10-K for FY2025, filed Feb 26, 2026Revenues from coal supply contracts with customers, which primarily relate to sales of thermal coal, are recognized at the point in time…View ↗
Contract assets are recorded as trade receivables and reported separately in our consolidated balance sheet from other contract assets as…View ↗
When our oil & gas mineral interests are leased, we typically receive an upfront lease bonus and retain a royalty interest that entitles us…View ↗
We also periodically earn revenue from lease bonuses. We recognize lease bonus revenue when we execute a lease of our mineral interests to…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$2.2B
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10-K for FY2025, filed Feb 26, 2026
$2.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Coal sales
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
88%
FY2022: 87%
|
Coal sales, FY2025
$1.9B Sources
|
Sold outright |
|
Oil & gas royalties
Licensed
|
6.3%
FY2022: 6.2%
|
Oil & gas royalties, FY2025
$137.8M Sources
|
Licensed |
|
Transportation
Sold outright
|
1.7%
FY2022: 4.7%
|
Transportation, FY2025
$36.6M Sources
|
Sold outright |
|
Other revenues
Sold outright
|
4.0%
FY2022: 2.2%
|
Other revenues, FY2025
$87.8M Sources
|
Sold outright |
Who Are Their Customers?
Domestic electric utilities and industrial users purchase coal through customer relationships and competitive bidding; international sales are primarily brokered. Oil and gas operators lease the company's mineral interests.
10-K for FY2025, filed Feb 26, 2026We market our coal through established customer relationships and competitive bidding processes, with a significant portion of our volumes…View ↗
We also participate in international coal markets, primarily through brokered transactions shipping to end-users in Europe, Africa, Asia…View ↗
We also own mineral and royalty interests in approximately 70,000 net royalty acres, including approximately 4,000 net royalty acres…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$385.3MView ↗
10-K for FY2025, filed Feb 26, 2026
$311.2MView ↗
10-K for FY2025, filed Feb 26, 2026
$387.9MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Jul 27, 2026
Raised full-year oil and gas royalty volume guidance
The increase reflects the AllDale III and IV acquisition contribution beginning in the third quarter.
Sources
8-K, filed Jul 27, 2026
Mr. Craft concluded, "We are increasing our full-year oil & gas royalties volume guidance to reflect the contribution of the AllDale III &…View ↗
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Jul 2, 2026
Completed acquisition of AllDale III and IV interests
After the deal, ARLP controlled approximately 115,680 net royalty acres in its Oil & Gas Royalties segment.
Sources
8-K, filed Jul 2, 2026
Following the acquisition, ARLP now controls approximately 115,680 net royalty acres within its Oil & Gas Royalties segment, including over…View ↗
Growing. Revenue grew 39% in 4 years, from $1.6B in FY2021 to $2.2B in FY2025, about 9% a year.
Who Do They Compete With?
Competes with American Consolidated Natural Resources, Core Natural Resources, Alpha Metallurgical Resources, Foresight Energy Resources, and Peabody Energy
10-K for FY2025, filed Feb 26, 2026We operate in a highly competitive coal market. Our competitiveness is influenced by several factors, including pricing, coal quality…View ↗
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