Alliance Resource Partners, L.P. (ARLP)

Over the past year, ARLP's stock has experienced a -12.640% change, with its 52-week trading range between $22.20 and $29.09. The latest closing stock price as of February 6, 2026, was $24.37. Key events impacting ARLP's stock price include the Q4 2025 earnings release where ARLP reported EPS of $0.75, surpassing estimates, but revenue was below estimates; net income increased due to lower expenses and higher investment income. ARLP announced a WARN Act notice at its Mettiki Coal (WV), LLC operation, which is considered immaterial to overall profitability. In Q3 2025, ARLP delivered year-over-year revenue and coal price declines but saw growth in coal sales volumes. Analyst ratings have varied, with some downgrades and reissued buy ratings.

ARLP mitigates commodity price risk through long-term coal sales contracts, typically for 2-3 years. The company primarily supplies bituminous coal to electric power generation utilities and industrial users, which generally have consistent demand. Increasing demand for utility coal consumption is driven by artificial intelligence and data centers. Natural gas prices remain supportive of coal dispatch economics. The oil and gas royalty segment provides a high-margin revenue stream that can act as a hedge against coal market fluctuations.

Alliance Resource Partners, L.P. (ARLP) is a diversified natural resource company operating as a Master Limited Partnership (MLP). It is the second-largest coal producer in the Eastern U.S., producing bituminous coal from underground mines for electric power generation utilities and industrial customers. ARLP has diversified into oil and gas mineral interests, generating royalty income, and offers mining technology products and services. The company also exports its products.

ARLP's coal mining operations are located across seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The corporate headquarters are in Tulsa, Oklahoma. Its oil and gas mineral interests are concentrated in major U.S. producing basins, including the Permian, Anadarko, and Williston Basins.

ARLP positions itself as a leading provider of reliable, affordable, baseload energy with a focus on diverse energy solutions. Its reputation has been influenced by strategic diversification into oil and gas royalties and other growth investments. Surging electricity demand from data centers is extending coal's relevance. ARLP has adopted a Bitcoin treasury strategy. The company has maintained strong profitability and cost control. The Mettiki Mine WARN Act notice could potentially raise concerns about operational stability.

Alliance Resource Partners, L.P. is structured as an MLP, with Alliance Resource Management GP LLC (MGP) as the General Partner holding significant control. Approximately 67.89% of the company is held by insiders and affiliates of the General Partner, with Alliance GP LLC being the largest single shareholder. Institutional investors hold approximately 16.42% of the shares, and the retail/public float accounts for about 15.69%. Joseph Craft holds 14.64% of equities, and Kathleen Craft holds 12.59%.