Alliance Resource Partners (ARLP) Financials

$24.94 -0.07 (-0.28%)

Closing price 05/27/2026 04:00 PM Eastern

Extended Trading

$24.94 +0.00 (+0.02%)

As of 05/27/2026 07:16 PM Eastern

Annual Income Statements for Alliance Resource Partners

This table shows Alliance Resource Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	306	339	304	367	399	-129	183	586	630	361	311
Consolidated Net Income / (Loss)	306	340	304	367	407	-129	183	588	636	366	317
Net Income / (Loss) Continuing Operations	306	340	304	367	407	-129	183	588	636	366	317
Total Pre-Tax Income	306	340	304	367	407	-129	184	642	644	381	336
Total Operating Income	361	368	332	372	259	-83	224	667	672	394	385
Total Gross Profit	853	777	663	1,889	1,839	1,328	1,573	2,420	2,531	2,413	2,173
Total Revenue	2,274	1,931	1,796	2,003	1,962	1,328	1,579	2,420	2,567	2,449	2,195
Operating Revenue	2,192	1,931	1,796	2,003	1,962	1,328	1,579	2,420	2,567	2,449	2,195
Total Cost of Revenue	1,421	1,154	1,134	114	123	0.00	6.37	0.15	36	36	22
Operating Cost of Revenue	1,421	1,154	1,134	114	123	0.00	6.37	0.15	36	36	22
Total Operating Expenses	492	409	331	1,517	1,579	1,411	1,349	1,752	1,858	2,019	1,788
Selling, General & Admin Expense	67	73	62	68	73	60	70	80	79	82	83
Depreciation Expense	324	337	269	280	309	313	265	277	268	285	299
Other Operating Expenses / (Income)	-	-	-	1,208	1,182	881	1,014	1,402	1,511	1,620	1,405
Impairment Charge	100	-	-	40	15	157	-	0.00	0.00	31	0.00
Total Other Income / (Expense), net	-55	-29	-28	-4.80	147	-46	-40	-25	-28	-13	-49
Interest Expense	31	31	48	40	46	46	39	37	36	35	40
Interest & Investment Income	-48	3.55	20	38	193	1.04	2.22	7.67	7.93	2.26	-4.31
Other Income / (Expense), net	24	-1.45	-0.33	-2.62	0.56	-1.59	-2.97	4.36	0.22	20	-5.24
Income Tax Expense	0.02	0.01	0.21	0.02	-0.21	0.04	0.42	54	8.28	16	19
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.03	0.14	0.56	0.87	7.51	0.17	0.60	1.96	6.05	4.70	6.09
Basic Earnings per Share	$2.11	$3.39	$2.80	$2.74	$3.07	($1.02)	$1.36	$4.39	$4.81	$2.77	$2.40
Weighted Average Basic Shares Outstanding	74.17M	74.35M	98.71M	130.76M	128.12M	127.16M	127.20M	127.20M	127.18M	127.96M	128.39M
Diluted Earnings per Share	$2.11	$3.39	$2.80	$2.74	$0.00	($1.02)	$1.36	$4.39	$4.81	$2.77	$2.40
Weighted Average Diluted Shares Outstanding	74.17M	74.35M	98.71M	130.76M	0.00	127.17M	127.20M	127.20M	127.18M	127.96M	128.39M
Weighted Average Basic & Diluted Shares Outstanding	74.17M	74.35M	98.71M	130.76M	128.12M	127.16M	127.20M	127.20M	127.18M	127.96M	128.39M
Cash Dividends to Common per Share	$2.66	$1.99	$1.88	-	-	-	-	$1.50	$2.80	$2.80	$2.60

This table shows Alliance Resource Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	154	115	158	100	86	16	74	59	95	83	9.09
Consolidated Net Income / (Loss)	155	117	160	102	87	18	76	61	97	84	11
Net Income / (Loss) Continuing Operations	155	117	160	102	87	18	76	61	97	84	11
Total Pre-Tax Income	159	113	165	105	91	21	80	66	103	87	13
Total Operating Income	165	116	160	117	101	15	94	89	105	97	22
Total Gross Profit	625	605	643	583	605	582	533	540	567	533	516
Total Revenue	637	625	652	593	614	590	540	547	571	536	516
Operating Revenue	637	625	652	593	614	590	540	547	571	536	516
Total Cost of Revenue	12	20	9.11	11	8.19	7.88	7.35	7.18	4.51	2.78	0.00
Operating Cost of Revenue	12	20	9.11	11	8.19	7.88	7.35	7.18	4.51	2.78	0.00
Total Operating Expenses	460	489	482	465	504	567	439	452	462	435	494
Selling, General & Admin Expense	20	18	22	21	22	18	21	20	21	21	24
Depreciation Expense	65	68	66	66	73	80	69	76	78	76	82
Other Operating Expenses / (Income)	374	403	395	378	409	438	350	355	362	338	350
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	38
Total Other Income / (Expense), net	-6.69	-2.23	4.22	-12	-10	5.22	-15	-22	-2.26	-10	-8.43
Interest Expense	7.74	6.25	7.75	9.28	9.53	8.68	8.43	9.25	11	11	12
Interest & Investment Income	0.83	3.63	0.72	1.93	-0.15	-0.24	-1.14	-26	5.17	18	4.60
Other Income / (Expense), net	0.22	0.39	11	-4.71	-0.35	14	-4.96	13	3.60	-17	-1.29
Income Tax Expense	3.40	-3.36	4.95	3.86	4.12	3.01	4.18	5.35	5.89	3.35	2.69
Net Income / (Loss) Attributable to Noncontrolling Interest	1.65	1.39	1.51	1.32	0.64	1.24	1.58	1.62	1.71	1.18	1.65
Basic Earnings per Share	$1.18	$0.88	$1.21	$0.77	$0.66	$0.13	$0.57	$0.46	$0.73	$0.64	$0.07
Weighted Average Basic Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.96M	128.27M	128.43M	128.43M	128.39M	128.54M
Diluted Earnings per Share	$1.18	$0.88	$1.21	$0.77	$0.66	$0.13	$0.57	$0.46	$0.73	$0.64	$0.07
Weighted Average Diluted Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.97M	128.27M	128.43M	128.43M	128.39M	128.54M
Weighted Average Basic & Diluted Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.96M	128.27M	128.43M	128.43M	128.39M	128.54M

This table details how cash moves in and out of Alliance Resource Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	8.83	6.35	-33	237	-208	19	67	174	-236	77	-66
Net Cash From Operating Activities	716	704	556	694	515	401	432	802	824	803	651
Net Cash From Continuing Operating Activities	716	704	556	694	515	401	432	803	824	803	651
Net Income / (Loss) Continuing Operations	306	340	304	367	407	-129	183	588	636	366	317
Consolidated Net Income / (Loss)	306	340	304	367	407	-129	183	588	636	366	317
Depreciation Expense	324	337	269	280	309	313	265	277	268	285	299
Non-Cash Adjustments To Reconcile Net Income	140	21	18	51	-154	168	3.09	9.18	45	61	44
Changes in Operating Assets and Liabilities, net	-53	6.75	-35	-4.66	-47	48	-19	-71	-125	91	-9.05
Net Cash From Investing Activities	-356	-192	-245	-245	-488	-125	-143	-403	-553	-441	-331
Net Cash From Continuing Investing Activities	-356	-192	-245	-245	-488	-125	-143	-403	-553	-441	-331
Purchase of Property, Plant & Equipment	-213	-91	-145	-233	-306	-121	-123	-286	-444	-429	-263
Acquisitions	-75	-24	-	0.00	-320	0.00	0.00	-117	-17	-2.90	-35
Purchase of Investments	-65	-77	-121	-16	-	0.00	0.00	-42	-50	0.00	-18
Sale of Property, Plant & Equipment	2.06	1.17	2.14	2.41	1.27	3.76	7.72	7.47	3.71	1.63	2.54
Other Investing Activities, net	-6.13	-4.40	7.40	-1.05	-0.08	-7.79	-27	34	-46	-11	-17
Net Cash From Financing Activities	-352	-505	-344	-212	-234	-256	-223	-225	-507	-285	-386
Net Cash From Continuing Financing Activities	-352	-505	-344	-212	-234	-256	-223	-225	-507	-285	-386
Repayment of Debt	-655	-479	-790	-387	-526	-325	-218	-46	-178	-434	-125
Repurchase of Common Equity	-	-	-	-71	-23	-	0.00	0.00	-19	0.00	0.00
Payment of Dividends	-347	-248	-241	-276	-278	-52	-52	-196	-365	-363	-337
Issuance of Debt	550	185	715	550	648	131	55	28	75	550	84
Other Financing Activities, net	99	34	-29	-30	-55	-11	-8.06	-11	-21	-37	-7.08
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	-	-	0.10

This table details how cash moves in and out of Alliance Resource Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-317	593	-136	-146	-218	576	-201	-178	-170	484	-148
Net Cash From Operating Activities	230	94	210	216	209	168	146	152	210	144	106
Net Cash From Continuing Operating Activities	-	824	0.00	-	-	803	0.00	-	-	651	0.00
Net Income / (Loss) Continuing Operations	-	636	0.00	-	-	366	0.00	-	-	317	0.00
Net Cash From Investing Activities	-165	-114	-121	-102	-114	-103	-93	-75	-83	-80	-108
Net Cash From Continuing Investing Activities	-165	-114	-121	-102	-114	-103	-93	-75	-83	-80	-108
Purchase of Property, Plant & Equipment	-110	-84	-124	-101	-110	-93	-87	-67	-65	-45	-96
Acquisitions	-0.92	-15	-0.63	-0.67	-0.11	-1.50	-0.88	-0.51	-23	-11	-15
Sale of Property, Plant & Equipment	0.97	0.27	0.16	0.81	0.42	0.24	0.24	0.47	1.40	0.43	0.28
Other Investing Activities, net	-5.21	-16	3.80	-1.18	-4.45	-8.82	-5.65	-6.00	4.32	-9.84	2.69
Net Cash From Financing Activities	-152	-117	-15	-44	-103	-124	-108	-103	-88	-87	-40
Net Cash From Continuing Financing Activities	-152	-117	-15	-44	-103	-124	-108	-103	-88	-87	-40
Repayment of Debt	-61	-27	-60	-353	-10	-11	-14	-47	-45	-19	-37
Payment of Dividends	-91	-91	-91	-91	-91	-91	-91	-91	-78	-78	-78
Issuance of Debt	-	-	150	400	-	-	4.00	35	35	10	79
Other Financing Activities, net	-	-	-13	-	-2.25	-22	-7.08	-	-	-	-4.14

This table presents Alliance Resource Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,361	2,193	2,219	2,395	2,587	2,166	2,159	2,728	2,788	2,916	2,854
Total Current Assets	315	277	282	501	320	246	339	658	516	513	430
Cash & Equivalents	33	40	6.76	244	36	56	122	296	60	137	71
Note & Lease Receivable	-	-	-	0.40	0.26	3.48	0.68	8.60	9.68	10	1.99
Accounts Receivable	124	153	182	175	162	105	130	241	283	167	130
Inventories, net	121	61	60	59	101	56	60	77	128	121	143
Prepaid Expenses	37	23	33	22	20	26	26	34	27	34	33
Other Current Assets	-	-	-	-	-	-	-	-	9.58	45	52
Plant, Property, & Equipment, net	1,800	1,586	1,477	1,412	2,009	1,800	1,699	1,881	2,023	2,166	2,138
Plant, Property & Equipment, gross	3,044	2,921	2,934	2,926	3,684	3,554	3,608	3,931	4,173	4,436	4,503
Accumulated Depreciation	1,244	1,335	1,458	1,513	1,675	1,754	1,910	2,051	2,150	2,269	2,364
Total Noncurrent Assets	246	331	461	482	258	120	122	190	250	236	285
Long-Term Investments	65	139	148	161	29	27	26	91	139	36	70
Other Noncurrent Operating Assets	45	55	177	184	93	88	95	98	111	201	216
Total Liabilities & Shareholders' Equity	2,361	2,193	2,219	2,395	2,587	2,166	2,159	2,728	2,788	2,916	2,854
Total Liabilities	1,372	1,100	1,068	1,207	1,321	1,094	933	1,020	930	1,062	994
Total Current Liabilities	423	327	290	331	196	215	178	256	227	233	204
Short-Term Debt	259	177	101	92	13	73	16	25	20	22	24
Accounts Payable	84	64	97	96	81	48	70	95	108	98	82
Current Employee Benefit Liabilities	46	51	46	54	48	39	49	54	46	42	47
Other Taxes Payable	16	18	20	17	16	25	18	23	21	21	20
Other Current Liabilities	19	16	20	66	33	25	20	54	28	48	29
Other Current Nonoperating Liabilities	0.31	0.32	5.01	5.02	5.66	5.13	5.00	5.00	3.56	1.82	2.01
Total Noncurrent Liabilities	949	773	778	876	1,126	879	756	764	702	829	789
Long-Term Debt	578	399	416	564	768	519	419	397	317	451	427
Asset Retirement Reserve & Litigation Obligation	122	125	127	128	133	121	124	142	147	155	153
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.39	36	33	29	28
Noncurrent Employee Benefit Liabilities	87	82	92	85	90	94	71	52	46	37	38
Other Noncurrent Operating Liabilities	81	80	86	100	132	142	142	137	159	156	143
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	989	1,093	1,151	1,188	1,265	1,072	1,226	1,708	1,859	1,854	1,860
Total Preferred & Common Equity	989	1,093	1,151	1,182	1,253	1,061	1,215	1,682	1,835	1,833	1,843
Total Common Equity	989	1,093	1,151	1,182	1,253	1,061	1,215	1,682	1,835	1,833	1,843
Common Stock	1,021	1,126	1,198	1,229	1,331	1,149	1,279	1,723	1,896	1,868	1,844
Accumulated Other Comprehensive Income / (Loss)	-35	-39	-52	-47	-78	-88	-64	-41	-62	-35	-1.03
Noncontrolling Interest	-	-	-	5.29	12	11	11	27	24	21	18

This table presents Alliance Resource Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,504	2,788	2,788	2,814	2,966	3,053	3,032	2,903	2,869	2,908	2,856
Total Current Assets	593	681	664	588	631	685	627	477	461	486	409
Cash & Equivalents	278	271	285	197	134	204	195	81	55	94	29
Note & Lease Receivable	6.87	9.89	12	14	9.21	9.68	10	10	4.60	2.27	1.08
Accounts Receivable	190	266	214	220	272	226	199	177	178	170	167
Inventories, net	99	109	129	136	162	196	178	139	139	131	144
Prepaid Expenses	18	25	25	21	23	21	16	26	27	24	26
Other Current Assets	-	-	-	-	30	28	29	42	58	65	42
Plant, Property, & Equipment, net	1,731	1,909	1,928	1,981	2,080	2,110	2,162	2,180	2,175	2,164	2,148
Plant, Property & Equipment, gross	3,765	4,018	4,041	4,134	4,284	4,350	4,452	4,515	4,517	4,511	4,413
Accumulated Depreciation	2,034	2,109	2,113	2,152	2,204	2,240	2,290	2,335	2,342	2,348	2,264
Total Noncurrent Assets	181	197	196	245	255	258	244	246	233	259	299
Long-Term Investments	79	91	47	45	46	45	37	34	43	135	157
Other Noncurrent Operating Assets	97	106	149	200	209	213	207	212	191	123	141
Total Liabilities & Shareholders' Equity	2,504	2,788	2,788	2,814	2,966	3,053	3,032	2,903	2,869	2,908	2,856
Total Liabilities	1,037	1,081	1,001	961	1,044	1,119	1,107	1,071	1,057	1,077	1,073
Total Current Liabilities	253	292	248	274	304	271	265	247	235	256	280
Short-Term Debt	15	41	38	39	76	22	22	23	23	23	70
Accounts Payable	97	115	109	117	108	132	116	105	98	104	95
Current Employee Benefit Liabilities	55	48	49	55	43	47	49	41	45	51	50
Other Taxes Payable	25	24	23	23	21	22	21	22	25	25	21
Other Current Liabilities	48	52	24	31	46	46	47	47	42	42	34
Other Current Nonoperating Liabilities	13	13	4.31	11	9.07	1.82	11	10	1.85	11	11
Total Noncurrent Liabilities	783	789	753	687	740	848	842	824	822	822	793
Long-Term Debt	410	418	379	321	355	462	456	445	439	433	426
Asset Retirement Reserve & Litigation Obligation	125	143	144	144	148	148	149	156	157	158	163
Noncurrent Deferred & Payable Income Tax Liabilities	38	36	35	34	33	33	32	29	29	27	27
Noncurrent Employee Benefit Liabilities	62	52	53	53	45	44	44	38	39	39	38
Other Noncurrent Operating Liabilities	148	140	142	135	160	160	161	157	159	164	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,468	1,707	1,787	1,853	1,921	1,934	1,925	1,831	1,812	1,831	1,782
Total Preferred & Common Equity	1,457	1,681	1,762	1,828	1,898	1,911	1,903	1,811	1,793	1,812	1,765
Total Common Equity	1,457	1,681	1,762	1,828	1,898	1,911	1,903	1,811	1,793	1,812	1,765
Common Stock	1,519	1,722	1,802	1,868	1,958	1,971	1,962	1,846	1,817	1,836	1,772
Accumulated Other Comprehensive Income / (Loss)	-62	-40	-40	-39	-61	-60	-59	-35	-24	-24	-7.39
Noncontrolling Interest	11	26	25	25	24	23	22	20	19	19	17

This table displays calculated financial ratios and metrics derived from Alliance Resource Partners' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.17%	-15.05%	-7.00%	11.50%	-2.05%	-32.30%	18.91%	53.24%	6.06%	-4.60%	-10.37%
EBITDA Growth	-13.58%	-0.81%	-14.59%	8.21%	-12.43%	-59.77%	112.10%	95.32%	-0.83%	-25.59%	-2.92%
EBIT Growth	-29.47%	-4.75%	-9.57%	11.48%	-29.65%	-132.47%	361.47%	204.26%	0.12%	-38.38%	-8.30%
NOPAT Growth	-33.59%	1.85%	-9.89%	12.23%	-30.26%	-122.34%	484.95%	173.83%	8.57%	-43.10%	-3.67%
Net Income Growth	-38.42%	10.90%	-10.41%	20.80%	10.74%	-131.71%	242.09%	220.75%	8.16%	-42.54%	-13.21%
EPS Growth	-55.77%	60.66%	-17.40%	-2.14%	-100.00%	0.00%	233.33%	222.79%	9.57%	-42.41%	-13.36%
Operating Cash Flow Growth	-3.09%	-1.79%	-20.96%	24.86%	-25.84%	-22.19%	7.87%	85.65%	2.73%	-2.56%	-18.93%
Free Cash Flow Firm Growth	-65.54%	283.20%	-44.49%	51.56%	-156.81%	219.62%	-14.13%	29.32%	7.93%	-45.97%	93.65%
Invested Capital Growth	12.77%	-12.82%	-0.09%	-8.41%	37.86%	-20.16%	-4.49%	15.19%	14.46%	7.78%	-3.08%
Revenue Q/Q Growth	-2.09%	-0.76%	-2.91%	2.99%	-3.85%	-24.99%	42.61%	10.54%	-2.98%	-1.42%	-2.43%
EBITDA Q/Q Growth	-11.86%	17.56%	-9.41%	-4.13%	0.12%	-16.05%	12.94%	21.44%	-10.67%	-9.62%	7.41%
EBIT Q/Q Growth	-21.52%	35.23%	-12.29%	-7.31%	-4.39%	-57.45%	36.69%	31.76%	-13.68%	-17.28%	15.53%
NOPAT Q/Q Growth	-26.15%	48.52%	-12.71%	-7.21%	-4.79%	-56.00%	36.01%	36.01%	-13.35%	-22.05%	28.74%
Net Income Q/Q Growth	-25.03%	40.70%	-12.97%	-5.96%	-5.82%	6.63%	13.32%	39.26%	-13.70%	-21.36%	26.41%
EPS Q/Q Growth	-61.71%	4.63%	-25.13%	1.11%	-100.00%	75.48%	8.80%	39.37%	-13.49%	-21.31%	26.98%
Operating Cash Flow Q/Q Growth	-3.65%	-41.90%	-16.39%	2.21%	-1.64%	0.60%	2.94%	19.68%	-15.59%	9.26%	-3.63%
Free Cash Flow Firm Q/Q Growth	44.10%	12.16%	-39.59%	37.49%	-26.14%	9.91%	-9.04%	-6.43%	23.27%	-21.70%	8.56%
Invested Capital Q/Q Growth	-6.72%	-4.55%	6.40%	-4.74%	-1.27%	-4.64%	0.74%	12.86%	0.97%	-1.19%	1.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.52%	40.24%	36.89%	94.32%	93.74%	100.00%	99.60%	99.99%	98.59%	98.54%	99.01%
EBITDA Margin	31.18%	36.41%	33.44%	32.45%	29.01%	17.24%	30.75%	39.19%	36.65%	28.58%	30.96%
Operating Margin	15.90%	19.06%	18.48%	18.59%	13.23%	-6.24%	14.17%	27.58%	26.20%	16.10%	17.56%
EBIT Margin	16.93%	18.98%	18.46%	18.46%	13.26%	-6.36%	13.98%	27.76%	26.21%	16.93%	17.32%
Profit (Net Income) Margin	13.47%	17.58%	16.94%	18.35%	20.74%	-9.72%	11.61%	24.30%	24.79%	14.93%	14.45%
Tax Burden Percent	99.99%	100.00%	99.93%	99.99%	100.05%	100.03%	99.77%	91.59%	98.72%	95.82%	94.42%
Interest Burden Percent	79.54%	92.60%	91.80%	99.41%	156.39%	152.78%	83.24%	95.58%	95.81%	92.05%	88.41%
Effective Tax Rate	0.01%	0.00%	0.07%	0.01%	-0.05%	0.00%	0.23%	8.41%	1.28%	4.18%	5.58%
Return on Invested Capital (ROIC)	21.18%	21.74%	21.04%	24.66%	15.13%	-3.24%	14.38%	37.45%	35.42%	18.17%	17.14%
ROIC Less NNEP Spread (ROIC-NNEP)	13.34%	17.36%	14.98%	23.25%	45.19%	-14.70%	4.50%	23.44%	5.04%	12.72%	-0.36%
Return on Net Nonoperating Assets (RNNOA)	9.37%	10.86%	6.06%	6.76%	18.05%	-7.80%	1.58%	2.65%	0.26%	1.52%	-0.05%
Return on Equity (ROE)	30.55%	32.60%	27.10%	31.42%	33.18%	-11.04%	15.96%	40.09%	35.67%	19.70%	17.09%
Cash Return on Invested Capital (CROIC)	9.17%	35.44%	21.13%	33.44%	-16.71%	19.17%	18.97%	23.33%	21.94%	10.69%	20.26%
Operating Return on Assets (OROA)	16.57%	16.10%	15.03%	16.02%	10.44%	-3.55%	10.21%	27.49%	24.39%	14.53%	13.17%
Return on Assets (ROA)	13.18%	14.91%	13.79%	15.93%	16.34%	-5.43%	8.48%	24.07%	23.06%	12.82%	11.00%
Return on Common Equity (ROCE)	30.55%	32.60%	27.10%	31.35%	32.94%	-10.93%	15.80%	39.58%	35.17%	19.46%	16.91%
Return on Equity Simple (ROE_SIMPLE)	30.95%	31.05%	26.42%	31.08%	32.46%	-12.16%	15.09%	34.98%	34.68%	19.95%	0.00%
Net Operating Profit after Tax (NOPAT)	361	368	332	372	260	-58	223	611	664	378	364
NOPAT Margin	15.89%	19.06%	18.47%	18.59%	13.23%	-4.37%	14.14%	25.26%	25.86%	15.42%	16.57%
Net Nonoperating Expense Percent (NNEP)	7.84%	4.38%	6.06%	1.41%	-30.07%	11.45%	9.88%	14.00%	30.38%	5.45%	17.50%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	28.70%	30.23%	16.23%	15.74%
Cost of Revenue to Revenue	62.48%	59.76%	63.11%	5.68%	6.26%	0.00%	0.40%	0.01%	1.41%	1.46%	0.99%
SG&A Expenses to Revenue	2.97%	3.76%	3.44%	3.41%	3.72%	4.50%	4.45%	3.32%	3.08%	3.36%	3.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.62%	21.18%	18.41%	75.73%	80.51%	106.24%	85.43%	72.41%	72.39%	82.44%	81.45%
Earnings before Interest and Taxes (EBIT)	385	367	332	370	260	-84	221	672	673	414	380
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	709	703	601	650	569	229	486	948	941	700	679
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.46	0.79	0.96	1.21	0.00	0.40	1.04	1.17	1.27	1.79	1.58
Price to Tangible Book Value (P/TBV)	0.54	0.90	1.08	1.37	0.00	0.40	1.04	1.17	1.27	1.79	1.58
Price to Revenue (P/Rev)	0.20	0.45	0.61	0.71	0.00	0.32	0.80	0.81	0.91	1.34	1.33
Price to Earnings (P/E)	1.50	2.55	3.63	3.90	0.00	0.00	6.92	3.35	3.70	9.09	9.35
Dividend Yield	42.97%	17.09%	16.85%	18.91%	27.56%	59.94%	4.02%	9.73%	15.28%	10.92%	11.47%
Earnings Yield	66.62%	39.26%	27.57%	25.62%	0.00%	0.00%	14.45%	29.89%	27.04%	11.00%	10.69%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.85	0.96	1.17	0.00	0.60	1.03	1.16	1.25	1.67	1.51
Enterprise Value to Revenue (EV/Rev)	0.56	0.70	0.85	0.84	0.00	0.72	0.99	0.84	0.97	1.47	1.44
Enterprise Value to EBITDA (EV/EBITDA)	1.80	1.92	2.53	2.60	0.00	4.15	3.22	2.13	2.65	5.15	4.64
Enterprise Value to EBIT (EV/EBIT)	3.32	3.68	4.59	4.56	0.00	0.00	7.07	3.01	3.71	8.69	8.30
Enterprise Value to NOPAT (EV/NOPAT)	3.54	3.66	4.58	4.53	0.00	0.00	7.00	3.31	3.76	9.54	8.67
Enterprise Value to Operating Cash Flow (EV/OCF)	1.79	1.92	2.73	2.43	0.00	2.37	3.61	2.52	3.02	4.48	4.84
Enterprise Value to Free Cash Flow (EV/FCFF)	8.17	2.25	4.57	3.34	0.00	2.77	5.30	5.31	6.06	16.22	7.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	0.61	0.50	0.55	0.62	0.55	0.35	0.25	0.18	0.26	0.24
Long-Term Debt to Equity	0.67	0.44	0.41	0.47	0.61	0.49	0.34	0.23	0.17	0.24	0.23
Financial Leverage	0.70	0.63	0.40	0.29	0.40	0.53	0.35	0.11	0.05	0.12	0.14
Leverage Ratio	2.32	2.19	1.97	1.97	2.03	2.03	1.88	1.67	1.55	1.54	1.55
Compound Leverage Factor	1.84	2.02	1.80	1.96	3.18	3.11	1.57	1.59	1.48	1.41	1.37
Debt to Total Capital	48.11%	37.71%	33.27%	35.58%	38.24%	35.65%	26.19%	19.82%	15.36%	20.34%	19.51%
Short-Term Debt to Total Capital	13.57%	10.09%	5.85%	4.99%	0.64%	4.39%	0.97%	1.17%	0.93%	0.96%	1.02%
Long-Term Debt to Total Capital	34.54%	27.63%	27.41%	30.59%	37.60%	31.26%	25.22%	18.65%	14.43%	19.38%	18.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.29%	0.58%	0.68%	0.67%	1.24%	1.10%	0.89%	0.76%
Common Equity to Total Capital	51.89%	62.29%	66.73%	64.13%	61.18%	63.67%	73.14%	78.94%	83.55%	78.77%	79.73%
Debt to EBITDA	1.29	0.94	0.96	1.01	1.38	2.59	0.90	0.45	0.36	0.68	0.66
Net Debt to EBITDA	1.16	0.69	0.70	0.39	1.26	2.23	0.59	0.04	0.15	0.43	0.33
Long-Term Debt to EBITDA	0.93	0.69	0.79	0.87	1.35	2.28	0.86	0.42	0.34	0.64	0.63
Debt to NOPAT	2.54	1.80	1.73	1.76	3.02	-10.24	1.95	0.69	0.51	1.25	1.24
Net Debt to NOPAT	2.27	1.31	1.26	0.67	2.77	-8.82	1.28	0.06	0.21	0.80	0.63
Long-Term Debt to NOPAT	1.82	1.32	1.43	1.52	2.97	-8.98	1.88	0.65	0.48	1.19	1.17
Altman Z-Score	1.65	1.88	1.92	2.14	0.00	0.74	1.97	3.03	3.34	3.28	3.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.23%	0.70%	1.00%	0.98%	1.28%	1.42%	1.21%	1.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.74	0.85	0.97	1.51	1.63	1.15	1.91	2.57	2.27	2.20	2.10
Quick Ratio	0.37	0.59	0.65	1.27	1.01	0.76	1.42	2.14	1.55	1.35	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	157	600	333	505	-287	343	295	381	411	222	430
Operating Cash Flow to CapEx	339.93%	782.66%	389.03%	300.49%	169.04%	341.44%	374.94%	287.66%	187.06%	188.04%	249.73%
Free Cash Flow to Firm to Interest Expense	5.03	19.57	7.01	12.55	-6.25	7.52	7.51	10.20	11.39	6.30	10.82
Operating Cash Flow to Interest Expense	22.99	22.94	11.70	17.26	11.22	8.78	11.02	21.49	22.84	22.80	16.39
Operating Cash Flow Less CapEx to Interest Expense	16.23	20.01	8.69	11.52	4.58	6.21	8.08	14.02	10.63	10.67	9.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.85	0.81	0.87	0.79	0.56	0.73	0.99	0.93	0.86	0.76
Accounts Receivable Turnover	14.38	13.98	10.74	11.22	11.66	9.98	13.49	13.05	9.80	10.90	14.80
Inventory Turnover	13.91	12.68	18.69	1.91	1.53	0.00	0.11	0.00	0.35	0.29	0.17
Fixed Asset Turnover	1.31	1.14	1.17	1.39	1.15	0.70	0.90	1.35	1.32	1.17	1.02
Accounts Payable Turnover	16.77	15.64	14.08	1.18	1.39	0.00	0.11	0.00	0.36	0.35	0.24
Days Sales Outstanding (DSO)	25.38	26.11	33.99	32.52	31.31	36.59	27.05	27.97	37.26	33.50	24.66
Days Inventory Outstanding (DIO)	26.24	28.80	19.53	191.52	238.43	0.00	3,342.65	166,338.48	1,034.36	1,265.67	2,202.04
Days Payable Outstanding (DPO)	21.77	23.34	25.92	309.94	262.87	0.00	3,353.77	199,067.62	1,026.83	1,052.73	1,505.47
Cash Conversion Cycle (CCC)	29.85	31.56	27.60	-85.90	6.88	36.59	15.94	-32,701.16	44.79	246.43	721.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,809	1,577	1,576	1,443	1,990	1,589	1,517	1,748	2,000	2,156	2,090
Invested Capital Turnover	1.33	1.14	1.14	1.33	1.14	0.74	1.02	1.48	1.37	1.18	1.03
Increase / (Decrease) in Invested Capital	205	-232	-1.39	-133	546	-401	-71	230	253	156	-66
Enterprise Value (EV)	1,279	1,348	1,521	1,687	0.00	950	1,562	2,022	2,492	3,601	3,155
Market Capitalization	460	864	1,101	1,431	0.00	428	1,265	1,961	2,330	3,280	2,910
Book Value per Share	$13.34	$14.70	$8.81	$9.08	$9.78	$8.34	$9.55	$13.22	$14.43	$14.31	$14.35
Tangible Book Value per Share	$11.50	$12.87	$7.77	$8.04	$8.72	$8.31	$9.55	$13.22	$14.43	$14.31	$14.35
Total Capital	1,907	1,755	1,726	1,844	2,049	1,666	1,661	2,130	2,196	2,327	2,311
Total Debt	917	662	574	656	784	594	435	422	337	473	451
Total Long-Term Debt	659	485	473	564	770	521	419	397	317	451	427
Net Debt	819	483	419	251	719	511	286	35	138	301	227
Capital Expenditures (CapEx)	211	90	143	231	305	117	115	279	441	427	261
Debt-free, Cash-free Net Working Capital (DFCFNWC)	117	87	86	18	101	49	55	131	249	165	178
Debt-free Net Working Capital (DFNWC)	151	127	93	262	137	104	178	427	309	302	249
Net Working Capital (NWC)	-108	-50	-7.99	170	124	31	162	402	289	280	226
Net Nonoperating Expense (NNE)	55	29	27	4.79	-147	71	40	23	28	12	47
Net Nonoperating Obligations (NNO)	820	484	424	256	724	516	291	40	142	302	229
Total Depreciation and Amortization (D&A)	324	337	269	280	309	313	265	277	268	285	299
Debt-free, Cash-free Net Working Capital to Revenue	5.15%	4.51%	4.80%	0.88%	5.13%	3.67%	3.50%	5.41%	9.71%	6.75%	8.11%
Debt-free Net Working Capital to Revenue	6.62%	6.57%	5.18%	13.07%	6.99%	7.86%	11.25%	17.64%	12.04%	12.35%	11.36%
Net Working Capital to Revenue	-4.76%	-2.60%	-0.45%	8.48%	6.32%	2.35%	10.24%	16.61%	11.25%	11.44%	10.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.11	$3.39	$2.80	$2.74	$3.07	($1.02)	$1.36	$4.39	$4.81	$2.77	$2.40
Adjusted Weighted Average Basic Shares Outstanding	74.17M	74.35M	98.71M	130.76M	127.20M	127.20M	127.20M	127.20M	127.18M	127.96M	128.39M
Adjusted Diluted Earnings per Share	$2.11	$3.39	$2.80	$2.74	$3.07	($1.02)	$0.00	$4.39	$4.81	$2.77	$2.40
Adjusted Weighted Average Diluted Shares Outstanding	74.17M	74.35M	98.71M	130.76M	127.20M	127.20M	0.00	127.20M	127.18M	127.97M	128.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.07	($1.02)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.17M	74.35M	98.71M	130.76M	128.12M	127.16M	127.20M	127.20M	127.18M	127.96M	128.39M
Normalized Net Operating Profit after Tax (NOPAT)	462	368	332	333	192	52	223	605	664	407	364
Normalized NOPAT Margin	20.30%	19.06%	18.47%	16.61%	9.80%	3.91%	14.14%	25.01%	25.86%	16.64%	16.57%
Pre Tax Income Margin	13.47%	17.58%	16.95%	18.35%	20.73%	-9.71%	11.64%	26.53%	25.11%	15.58%	15.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.36	11.96	6.98	9.19	5.67	-1.85	5.63	18.00	18.64	11.76	9.56
NOPAT to Interest Expense	11.60	12.00	6.98	9.26	5.66	-1.27	5.69	16.38	18.39	10.72	9.16
EBIT Less CapEx to Interest Expense	5.59	9.02	3.97	3.45	-0.97	-4.42	2.69	10.52	6.43	-0.36	3.00
NOPAT Less CapEx to Interest Expense	4.84	9.07	3.97	3.51	-0.98	-3.84	2.75	8.90	6.18	-1.40	2.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	113.27%	73.02%	79.16%	75.08%	68.42%	-40.10%	28.44%	33.38%	57.31%	99.42%	106.28%
Augmented Payout Ratio	113.27%	73.02%	79.16%	94.30%	74.05%	-40.10%	28.44%	33.38%	60.36%	99.42%	106.28%

This table displays calculated financial ratios and metrics derived from Alliance Resource Partners' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	128,658,801.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	128,658,801.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.64%	-11.19%	-1.69%	-7.55%	-3.61%	-5.65%	-17.07%	-7.73%	-6.88%	-9.25%	-4.52%
EBITDA Growth	-8.33%	-37.85%	-12.93%	-29.11%	-24.83%	-40.40%	-33.38%	-0.69%	7.54%	42.64%	-34.83%
EBIT Growth	-8.67%	-47.87%	-17.03%	-38.78%	-39.20%	-74.60%	-47.93%	-9.87%	7.79%	173.28%	-76.97%
NOPAT Growth	-7.14%	-46.18%	-23.36%	-37.06%	-40.40%	-89.00%	-42.54%	-27.89%	2.55%	614.26%	-80.42%
Net Income Growth	-7.57%	-46.37%	-17.18%	-40.74%	-44.05%	-84.97%	-52.65%	-39.88%	11.39%	377.35%	-85.78%
EPS Growth	-5.60%	-46.01%	-16.55%	-40.77%	-44.07%	-85.23%	-52.89%	-40.26%	10.61%	392.31%	-87.72%
Operating Cash Flow Growth	-27.54%	-61.84%	-5.42%	-22.67%	-8.84%	79.30%	-30.52%	-29.70%	0.29%	-14.57%	-27.58%
Free Cash Flow Firm Growth	-305.15%	-1,368.84%	-131.44%	-185.18%	61.44%	-6.69%	136.55%	140.76%	303.68%	212.26%	42.56%
Invested Capital Growth	27.93%	14.46%	20.09%	15.70%	10.14%	7.78%	0.58%	0.35%	-5.21%	-3.08%	-4.18%
Revenue Q/Q Growth	-0.83%	-1.74%	4.20%	-8.95%	3.41%	-3.83%	-8.41%	1.29%	4.37%	-6.28%	-3.64%
EBITDA Q/Q Growth	-8.58%	-20.15%	28.51%	-24.43%	-3.06%	-36.69%	43.64%	12.65%	4.97%	-16.03%	-34.38%
EBIT Q/Q Growth	-10.02%	-29.92%	47.76%	-34.29%	-10.64%	-70.72%	202.89%	13.74%	6.87%	-25.77%	-74.47%
NOPAT Q/Q Growth	-9.93%	-26.41%	30.51%	-27.24%	-14.70%	-86.42%	581.68%	-8.69%	21.31%	-5.40%	-81.31%
Net Income Q/Q Growth	-9.31%	-24.79%	36.57%	-36.38%	-14.38%	-79.79%	330.17%	-19.24%	58.65%	-13.40%	-87.18%
EPS Q/Q Growth	-9.23%	-25.42%	37.50%	-36.36%	-14.29%	-80.30%	338.46%	-19.30%	58.70%	-12.33%	-89.06%
Operating Cash Flow Q/Q Growth	-17.72%	-59.08%	120.17%	2.91%	-3.01%	-19.52%	-13.50%	4.12%	38.36%	-31.45%	-26.67%
Free Cash Flow Firm Q/Q Growth	-325.25%	50.66%	-56.94%	13.39%	42.50%	-36.51%	153.76%	-3.42%	187.35%	-24.76%	-31.73%
Invested Capital Q/Q Growth	5.57%	0.97%	9.07%	-0.49%	0.50%	-1.19%	1.79%	-0.72%	-5.07%	1.03%	0.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.19%	96.74%	98.60%	98.21%	98.66%	98.66%	98.64%	98.69%	99.21%	99.48%	100.00%
EBITDA Margin	36.30%	29.50%	36.38%	30.20%	28.31%	18.63%	29.22%	32.50%	32.69%	29.29%	19.95%
Operating Margin	25.99%	18.50%	24.60%	19.79%	16.47%	2.60%	17.44%	16.21%	18.37%	18.18%	4.24%
EBIT Margin	26.03%	18.56%	26.32%	19.00%	16.42%	5.00%	16.53%	18.56%	19.00%	15.05%	3.99%
Profit (Net Income) Margin	24.41%	18.68%	24.48%	17.11%	14.17%	2.98%	13.98%	11.15%	16.95%	15.66%	2.08%
Tax Burden Percent	97.86%	102.96%	96.99%	96.34%	95.47%	85.39%	94.76%	91.94%	94.27%	96.16%	80.01%
Interest Burden Percent	95.83%	97.74%	95.90%	93.48%	90.39%	69.76%	89.28%	65.33%	94.60%	108.20%	65.29%
Effective Tax Rate	2.14%	-2.96%	3.01%	3.66%	4.53%	14.61%	5.24%	8.06%	5.73%	3.84%	19.99%
Return on Invested Capital (ROIC)	38.12%	26.09%	30.49%	23.62%	18.77%	2.62%	17.66%	15.70%	18.33%	18.07%	3.42%
ROIC Less NNEP Spread (ROIC-NNEP)	31.87%	23.56%	32.70%	16.51%	13.79%	4.62%	13.24%	8.89%	17.47%	14.40%	1.45%
Return on Net Nonoperating Assets (RNNOA)	2.01%	1.20%	3.34%	1.45%	1.41%	0.55%	2.20%	1.43%	2.30%	2.06%	0.27%
Return on Equity (ROE)	40.13%	27.29%	33.83%	25.07%	20.17%	3.17%	19.86%	17.13%	20.63%	20.14%	3.70%
Cash Return on Invested Capital (CROIC)	18.90%	21.94%	12.56%	12.61%	13.63%	10.69%	13.65%	12.53%	18.64%	20.26%	17.90%
Operating Return on Assets (OROA)	25.89%	17.27%	23.38%	16.31%	13.95%	4.29%	13.16%	14.36%	14.39%	11.45%	3.01%
Return on Assets (ROA)	24.28%	17.38%	21.75%	14.69%	12.04%	2.56%	11.14%	8.63%	12.83%	11.91%	1.57%
Return on Common Equity (ROCE)	39.70%	26.90%	33.37%	24.74%	19.93%	3.13%	19.62%	16.94%	20.41%	19.93%	3.66%
Return on Equity Simple (ROE_SIMPLE)	40.32%	0.00%	31.78%	27.90%	24.42%	0.00%	15.55%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	162	119	155	113	96	13	89	82	99	94	17
NOPAT Margin	25.43%	19.05%	23.86%	19.06%	15.73%	2.22%	16.53%	14.90%	17.32%	17.48%	3.39%
Net Nonoperating Expense Percent (NNEP)	6.26%	2.53%	-2.21%	7.10%	4.97%	-2.01%	4.42%	6.81%	0.86%	3.67%	1.97%
Return On Investment Capital (ROIC_SIMPLE)	-	5.43%	-	-	-	0.56%	3.89%	3.59%	4.33%	4.05%	0.77%
Cost of Revenue to Revenue	1.81%	3.26%	1.40%	1.79%	1.34%	1.34%	1.36%	1.31%	0.79%	0.52%	0.00%
SG&A Expenses to Revenue	3.16%	2.84%	3.40%	3.47%	3.57%	2.99%	3.81%	3.72%	3.74%	3.88%	4.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.20%	78.24%	74.01%	78.42%	82.19%	96.06%	81.20%	82.48%	80.84%	81.30%	95.76%
Earnings before Interest and Taxes (EBIT)	166	116	172	113	101	29	89	102	109	81	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	231	184	237	179	174	110	158	178	187	157	103
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	1.27	1.31	1.59	1.64	1.79	1.88	1.83	1.75	1.58	1.97
Price to Tangible Book Value (P/TBV)	1.35	1.27	1.31	1.59	1.64	1.79	1.88	1.83	1.75	1.58	1.97
Price to Revenue (P/Rev)	0.93	0.91	0.97	1.21	1.26	1.34	1.46	1.43	1.41	1.33	1.60
Price to Earnings (P/E)	3.37	3.70	4.16	5.76	6.78	9.09	12.31	13.90	12.95	9.35	14.09
Dividend Yield	13.40%	15.28%	14.39%	11.80%	11.49%	10.92%	10.54%	10.96%	10.94%	11.47%	9.26%
Earnings Yield	29.66%	27.04%	24.03%	17.36%	14.74%	11.00%	8.12%	7.19%	7.72%	10.69%	7.10%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.25	1.26	1.52	1.55	1.67	1.72	1.68	1.65	1.51	1.81
Enterprise Value to Revenue (EV/Rev)	0.99	0.97	1.08	1.32	1.36	1.47	1.62	1.60	1.52	1.44	1.75
Enterprise Value to EBITDA (EV/EBITDA)	2.48	2.65	3.05	3.96	4.38	5.15	6.09	5.92	5.40	4.64	6.08
Enterprise Value to EBIT (EV/EBIT)	3.35	3.71	4.33	5.82	6.76	8.69	11.38	11.41	10.38	8.30	12.20
Enterprise Value to NOPAT (EV/NOPAT)	3.41	3.76	4.48	6.00	6.99	9.54	12.15	13.08	12.08	8.67	12.97
Enterprise Value to Operating Cash Flow (EV/OCF)	2.67	3.02	3.37	4.36	4.61	4.48	5.12	5.43	5.05	4.84	6.22
Enterprise Value to Free Cash Flow (EV/FCFF)	7.82	6.06	10.99	12.92	11.94	16.22	12.66	13.45	8.62	7.33	9.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.18	0.22	0.25	0.25	0.26	0.26	0.26	0.25	0.24	0.28
Long-Term Debt to Equity	0.17	0.17	0.18	0.24	0.24	0.24	0.24	0.24	0.24	0.23	0.24
Financial Leverage	0.06	0.05	0.10	0.09	0.10	0.12	0.17	0.16	0.13	0.14	0.19
Leverage Ratio	1.60	1.55	1.59	1.57	1.55	1.54	1.56	1.58	1.58	1.55	1.59
Compound Leverage Factor	1.53	1.51	1.52	1.47	1.40	1.07	1.40	1.03	1.50	1.68	1.04
Debt to Total Capital	16.26%	15.36%	18.32%	20.02%	19.91%	20.34%	20.34%	20.32%	19.96%	19.51%	21.77%
Short-Term Debt to Total Capital	1.74%	0.93%	3.25%	0.91%	0.93%	0.96%	0.99%	1.01%	1.02%	1.02%	3.06%
Long-Term Debt to Total Capital	14.52%	14.43%	15.07%	19.11%	18.98%	19.38%	19.35%	19.30%	18.93%	18.48%	18.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.11%	1.10%	1.00%	0.95%	0.91%	0.89%	0.89%	0.85%	0.82%	0.76%	0.77%
Common Equity to Total Capital	82.63%	83.55%	80.67%	79.03%	79.18%	78.77%	78.77%	78.83%	79.23%	79.73%	77.47%
Debt to EBITDA	0.34	0.36	0.48	0.58	0.62	0.68	0.75	0.75	0.72	0.66	0.79
Net Debt to EBITDA	0.11	0.15	0.28	0.28	0.32	0.43	0.57	0.59	0.36	0.33	0.50
Long-Term Debt to EBITDA	0.31	0.34	0.39	0.56	0.59	0.64	0.72	0.71	0.68	0.63	0.68
Debt to NOPAT	0.47	0.51	0.70	0.88	0.99	1.25	1.50	1.65	1.62	1.24	1.69
Net Debt to NOPAT	0.15	0.21	0.41	0.43	0.51	0.80	1.13	1.30	0.80	0.63	1.06
Long-Term Debt to NOPAT	0.42	0.48	0.58	0.84	0.94	1.19	1.43	1.57	1.53	1.17	1.46
Altman Z-Score	2.81	2.69	2.61	2.74	2.76	2.84	2.91	2.87	2.76	2.71	2.78
Noncontrolling Interest Sharing Ratio	1.07%	1.42%	1.36%	1.29%	1.23%	1.21%	1.17%	1.13%	1.08%	1.03%	1.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.14	2.27	2.08	2.53	2.36	2.20	1.93	1.96	1.90	2.10	1.46
Quick Ratio	1.57	1.55	1.37	1.62	1.52	1.35	1.09	1.01	1.04	0.99	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-271	-134	-210	-181	-104	-142	77	74	213	160	109
Operating Cash Flow to CapEx	209.91%	112.22%	169.53%	214.40%	190.45%	181.26%	168.36%	227.94%	331.42%	324.57%	110.58%
Free Cash Flow to Firm to Interest Expense	-34.98	-21.38	-27.04	-19.56	-10.95	-16.42	9.08	8.00	19.27	14.52	9.30
Operating Cash Flow to Interest Expense	29.68	15.04	27.06	23.26	21.97	19.41	17.27	16.40	19.02	13.06	8.98
Operating Cash Flow Less CapEx to Interest Expense	15.54	1.64	11.10	12.41	10.43	8.70	7.01	9.20	13.28	9.04	0.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	0.93	0.89	0.86	0.85	0.86	0.80	0.77	0.76	0.76	0.75
Accounts Receivable Turnover	12.89	9.80	9.49	11.39	11.86	10.90	10.40	11.34	12.21	14.80	12.62
Inventory Turnover	0.00	0.35	0.33	0.32	0.31	0.29	0.23	0.18	0.17	0.17	0.10
Fixed Asset Turnover	1.43	1.32	1.28	1.24	1.20	1.17	1.10	1.07	1.04	1.02	1.00
Accounts Payable Turnover	0.00	0.36	0.41	0.43	0.42	0.35	0.32	0.27	0.25	0.24	0.15
Days Sales Outstanding (DSO)	28.32	37.26	38.46	32.04	30.77	33.50	35.11	32.18	29.90	24.66	28.93
Days Inventory Outstanding (DIO)	0.00	1,034.36	1,092.09	1,148.71	1,183.52	1,265.67	1,614.43	1,997.91	2,089.21	2,202.04	3,559.85
Days Payable Outstanding (DPO)	0.00	1,026.83	897.99	850.11	878.24	1,052.73	1,137.83	1,370.73	1,488.07	1,505.47	2,511.12
Cash Conversion Cycle (CCC)	28.32	44.79	232.56	330.65	336.05	246.43	511.71	659.36	631.04	721.23	1,077.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,981	2,000	2,182	2,171	2,182	2,156	2,195	2,179	2,068	2,090	2,103
Invested Capital Turnover	1.50	1.37	1.28	1.24	1.19	1.18	1.07	1.05	1.06	1.03	1.01
Increase / (Decrease) in Invested Capital	432	253	365	295	201	156	13	7.60	-114	-66	-92
Enterprise Value (EV)	2,609	2,492	2,759	3,297	3,388	3,601	3,782	3,664	3,415	3,155	3,798
Market Capitalization	2,467	2,330	2,484	3,038	3,120	3,280	3,408	3,281	3,169	2,910	3,471
Book Value per Share	$14.38	$14.43	$14.86	$14.92	$14.86	$14.31	$14.10	$13.96	$14.11	$14.35	$13.72
Tangible Book Value per Share	$14.38	$14.43	$14.86	$14.92	$14.86	$14.31	$14.10	$13.96	$14.11	$14.35	$13.72
Total Capital	2,213	2,196	2,352	2,418	2,404	2,327	2,299	2,275	2,288	2,311	2,278
Total Debt	360	337	431	484	479	473	468	462	456	451	496
Total Long-Term Debt	321	317	355	462	456	451	445	439	433	427	426
Net Debt	118	138	251	235	246	301	353	364	227	227	310
Capital Expenditures (CapEx)	109	84	124	101	110	93	87	67	63	44	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	155	249	269	232	188	165	171	194	159	178	169
Debt-free Net Working Capital (DFNWC)	352	309	403	436	384	302	252	249	254	249	198
Net Working Capital (NWC)	314	289	327	414	361	280	230	226	231	226	128
Net Nonoperating Expense (NNE)	6.54	2.30	-4.09	12	9.57	-4.46	14	21	2.13	9.76	6.74
Net Nonoperating Obligations (NNO)	128	142	260	237	257	302	363	366	237	229	321
Total Depreciation and Amortization (D&A)	65	68	66	66	73	80	69	76	78	76	82
Debt-free, Cash-free Net Working Capital to Revenue	5.86%	9.71%	10.54%	9.26%	7.58%	6.75%	7.32%	8.48%	7.09%	8.11%	7.80%
Debt-free Net Working Capital to Revenue	13.32%	12.04%	15.79%	17.39%	15.44%	12.35%	10.80%	10.88%	11.29%	11.36%	9.13%
Net Working Capital to Revenue	11.86%	11.25%	12.80%	16.51%	14.55%	11.44%	9.82%	9.87%	10.25%	10.28%	5.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$0.88	$1.21	$0.77	$0.66	$0.13	$0.57	$0.46	$0.73	$0.64	$0.07
Adjusted Weighted Average Basic Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.96M	128.27M	128.43M	128.43M	128.39M	128.54M
Adjusted Diluted Earnings per Share	$1.18	$0.88	$1.21	$0.77	$0.66	$0.13	$0.57	$0.46	$0.73	$0.64	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.97M	128.27M	128.43M	128.43M	128.39M	128.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	127.13M	127.18M	127.67M	128.06M	128.06M	127.96M	128.27M	128.43M	128.43M	128.39M	128.54M
Normalized Net Operating Profit after Tax (NOPAT)	162	81	155	113	96	13	89	82	99	94	48
Normalized NOPAT Margin	25.43%	12.95%	23.86%	19.06%	15.73%	2.22%	16.53%	14.90%	17.32%	17.48%	9.25%
Pre Tax Income Margin	24.94%	18.14%	25.24%	17.76%	14.84%	3.49%	14.75%	12.12%	17.98%	16.28%	2.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.41	18.59	22.14	12.15	10.57	3.40	10.59	10.98	9.84	7.32	1.75
NOPAT to Interest Expense	20.93	19.07	20.06	12.19	10.13	1.51	10.59	8.82	8.97	8.50	1.49
EBIT Less CapEx to Interest Expense	7.28	5.19	6.18	1.30	-0.96	-7.31	0.33	3.79	4.10	3.29	-6.37
NOPAT Less CapEx to Interest Expense	6.79	5.67	4.10	1.35	-1.41	-9.20	0.33	1.62	3.23	4.47	-6.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.01%	57.31%	60.34%	68.20%	78.21%	99.42%	128.96%	150.61%	139.51%	106.28%	128.47%
Augmented Payout Ratio	48.65%	60.36%	60.54%	68.20%	78.21%	99.42%	128.96%	150.61%	139.51%	106.28%	128.47%

Financials Breakdown Chart

Key Financial Trends

Alliance Resource Partners (NASDAQ: ARLP) operates in the coal mining sector. Over the last four years, ARLP’s results have reflected a cyclical commodity environment, with strong cash generation in some quarters and higher expense loads in others. The most recent quarterly data (Q4 2025) show continued robust operating cash flow, a modestly improving balance sheet, and a meaningful dividend program that supports income-focused investors. Below are the 10 most relevant takeaways, with positives listed first, followed by neutral observations, and then potential negatives.

Strong quarterly operating cash flow: Net cash from continuing operating activities was 651,136,000 USD in Q4 2025 (and 803,131,000 USD in Q4 2024), indicating sustained cash generation from core operations.
Dividend policy remains meaningful for investors: ARLP continued to pay substantial dividends, with payments around 77.7–77.8 million USD per quarter in 2025, supporting income-oriented investors.
Debt gradually improves year over year in 2025: Long-term debt declined from 444,858,000 USD in Q1 2025 to 433,117,000 USD in Q3 2025, signaling modest deleveraging.
Bottom-line gains in late 2025: Net income attributable to common shareholders reached 95,104,000 USD in Q3 2025 and 82,666,000 USD in Q4 2025, with per-share figures in the 0.64–0.73 USD range (diluted).
Revenue remains cyclical but constructive: Quarterly operating revenue in 2025 ranged roughly in the mid-500s to low-600s (USD millions), reflecting coal-price cycles; 2024 benefited from higher levels.
Profitability includes sizable non-operating costs: 2025 quarters show large Other Operating Expenses / (Income) totals (roughly 338–362 million USD), which weigh margin, though operating income remained positive.
Investing cash flow is negative due to capex and investments: Net cash from continuing investing activities was negative across quarters in 2025, reflecting ongoing capital expenditure and investments in property, plant & equipment and other assets.
Financing cash outflows dominate in 2025: Net cash from financing activities was negative in multiple 2025 quarters (for example, Q4 2025: -86,892,000 USD; Q3 2025: -87,678,000 USD), which can pressure liquidity if operating cash flow softens.
Revenue growth not guaranteed due to commodity cyclicality: ARLP’s revenue path over 2023–2025 shows volatility tied to coal demand/prices, which complicates multi-year growth expectations.
Quarterly earnings per share (EPS) exhibit volatility: Diluted EPS fluctuated across 2025 quarters (Q1: 0.64, Q2: 0.46, Q3: 0.73, Q4: 0.64), signaling earnings variability tied to quarterly external factors.

05/28/26 01:49 AM ETAI Generated. May Contain Errors.

Alliance Resource Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Alliance Resource Partners' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Alliance Resource Partners' net income appears to be on an upward trend, with a most recent value of $317.25 million in 2025, rising from $306.17 million in 2015. The previous period was $365.56 million in 2024. View Alliance Resource Partners' forecast to see where analysts expect Alliance Resource Partners to go next.

Alliance Resource Partners' total operating income in 2025 was $385.30 million, based on the following breakdown:

Total Gross Profit: $2.17 billion
Total Operating Expenses: $1.79 billion

Over the last 10 years, Alliance Resource Partners' total revenue changed from $2.27 billion in 2015 to $2.19 billion in 2025, a change of -3.5%.

Alliance Resource Partners' total liabilities were at $993.57 million at the end of 2025, a 6.5% decrease from 2024, and a 27.6% decrease since 2015.

In the past 10 years, Alliance Resource Partners' cash and equivalents has ranged from $6.76 million in 2017 to $296.02 million in 2022, and is currently $71.21 million as of their latest financial filing in 2025.

Over the last 10 years, Alliance Resource Partners' book value per share changed from 13.34 in 2015 to 14.35 in 2025, a change of 7.6%.

Related Companies

Financial statements for NASDAQ:ARLP last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Alliance Resource Partners (ARLP) Financials

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