10-Q · November 7, 2025
ARLP reported Q3 2025 revenues of $571.367M and EPS of $0.73, with operating income of $104.964M (operating margin ~18.4%). Revenue was down year-over-year but the quarter showed margin expansion and a higher net income…
Earnings analysis · 10-Q
ARLP earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Alliance Resource Partners, L.P. reported Q1 2026 revenue of $516.0 million, a 4.5% decrease from $540.5 million in Q1 2025, driven largely by lower coal sales prices despite an increase in oil & gas royalties. Gross…
Read full summary
Alliance Resource Partners, L.P. reported Q1 2026 revenue of $516.0 million, a 4.5% decrease from $540.5 million in Q1 2025, driven largely by lower coal sales prices despite an increase in oil & gas royalties. Gross margin expanded slightly during the quarter while diluted EPS was reported at $0.07, representing a significant decline of 87.7% year-over-year. Management highlighted strong coal sales volumes and substantial commitments for future coal sales but faced challenges with pricing and operational impairments.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.07
What stood out
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Revenue Beat Consensus Expectations
Actual revenue of $516.017 million exceeded the estimate of $515.125 million by 0.17%.
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Operating Cash Flow Positive
Operating cash flow for Q1 2026 was $105.5 million, down from $145.7 million in Q1 2025.
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Strong Oil & Gas Royalties
Oil & gas royalties climbed 14.6% year-over-year to $41.3 million, supported by increased drilling activities.
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Decrease in Operating Expenses
Segment Adjusted EBITDA Expense decreased 4.4% to $330.958 million, reflecting lower costs per ton sold.
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Stable Coal Sales Volumes
Coal sales volumes improved slightly, with tons sold at 7,860, a 1.1% increase from last year.
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Reduced Cash Used in Financing
Cash used in financing activities dropped to $40 million from $108.3 million in the prior year.
What to watch
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Declining Net Income
Net income fell 87.7% to $9.09 million, down from $73.98 million in Q1 2025.
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Material Impairment Charges
Recorded non-cash asset impairment charges of $37.8 million due to longwall production ceasing.
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Lower Coal Sales Pricing
Average coal sales prices per ton decreased by 6.5%, leading to a $30.6 million reduction in coal sales.
Management's outlook
Management reports that 2026 coal sales volumes are over 95% committed and priced midpoint of guidance but no specific numeric guidance provided.
Earlier filings 4
10-Q · August 7, 2025
Q2 2025 results show revenue and operating profitability deterioration versus Q2 2024, with total revenue of $547.5M (down from $593.4M) and operating income of $88.7M (down from $117.4M). Diluted EPS fell to $0.46 from…
10-Q · May 9, 2025
ARLP reported Q1 2025 revenue of $540.468M, down from $651.697M in Q1 2024, driven by lower coal and transportation revenues. Income from operations fell to $94.278M (from $160.295M) and diluted EPS declined to $0.57…
10-K · February 27, 2025
ARLP’s 10‑K emphasizes a strategy of maintaining its coal-mining base while growing oil & gas mineral royalty interests and selective investments (e.g., Matrix Design and recent acreage acquisitions). Financially, 2024…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.