Alliance Resource Partners, L.P. (ARLP)

Over the past six months, Alliance Resource Partners' stock price has experienced a decline. ARLP reported its third-quarter 2025 earnings on October 27, 2025, surpassing analysts' expectations with adjusted EBITDA of $186 million, driven by higher coal revenues. The company also reported a quarterly cash distribution of $0.60 per unit for Q3 2025. The company has also increased its committed and priced position for 2026, with 80% of its 2026 contracted position committed and priced as of Q3 2025.

Demand for Alliance Resource Partners' products, particularly coal, is influenced by the needs of electric utilities and industrial users. ARLP's reliance on long-term contracts mitigates direct, sharp seasonality in its revenue from coal sales. The company's diversification into oil and gas royalties also adds another layer of revenue, which may have its own demand drivers.

Alliance Resource Partners, L.P. (ARLP) is a diversified natural resource company primarily engaged in coal production and marketing, with a growing presence in oil and gas royalties. The company is one of the largest coal producers in the United States, particularly in the Eastern U.S. ARLP has diversified its portfolio by acquiring oil and gas mineral interests and is exploring opportunities in renewable energy and other energy-related ventures. ARLP operates within the Energy sector, specifically in the Oil, Gas and Consumable Fuels industry, and is also considered part of the Metals and Mining industry.

Alliance Resource Partners' coal operations are primarily concentrated in the Illinois Basin and Appalachian coal regions, operating seven underground mining complexes across several states. ARLP also owns and operates a significant coal loading terminal on the Ohio River at Mt. Vernon, Indiana. Its oil and gas mineral interests are located in strategic producing regions across the United States, including the Permian Basin, Anadarko Basin, and Williston Basin.

In the past year, Alliance Resource Partners' brand reputation, as indicated by news sentiment, has been somewhat mixed. However, the company is generally recognized for its commitment to operational excellence, strategic diversification, and sustainability. There have been no major negative events significantly impacting its reputation in the past year, beyond the general market sentiment towards the coal industry and commodity price volatility.

Alliance Resource Partners' ownership structure is a mix of institutional, insider, and retail investors. Insider ownership is substantial, with Alliance GP LLC being the largest individual shareholder. Institutional investors hold a notable portion of ARLP shares. Retail/public investors also hold a significant portion of the units.