olivLaw · US equity research
Alliance Resource Partners, L.P. ARLP
Bituminous Coal & Lignite Surface Mining · SIC 1221 · Vertical: Coal mining (SIC 122x)
ARLP is a US natural resource company that produces and markets coal, mainly to electric utilities, and holds oil and gas royalty interests. The company reported total revenues of 2.19 billion USD in 2025, and after the July 2026 AllDale III & IV acquisition its oil and gas royalty segment expanded significantly, diversifying long-term revenues.
At the close of 04 Nov 2026, Alliance Resource Partners, L.P. (ARLP) stock was 25.18 USD (−3.64% on the day), with market capitalisation 3.2 bn USD, P/E 12.2, beta 0.21, 52-week range 23.10–28.99 USD. Latest reported quarter (Q2 2026): revenue of 551.6 m USD (+0.7% YoY), net income of 79.6 m USD (+33.9% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 41.4
- weak (30–45)
- Bollinger (20, 2)
- 24.35 – 27.15
- in the lower half of the band · %B 0.30 · band width 10.9%
- SMA 50 / 200
- 25.74 / 25.66
- mixed trend
- MACD (12, 26, 9)
- 0.22 / 0.23
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +1.6% | −2.0% | +3.6 pp | — |
| 3 months | −0.9% | −2.2% | +1.3 pp | — |
| 6 months | −1.9% | +4.3% | −6.2 pp | — |
| Year to date | +8.4% | +10.6% | −2.2 pp | — |
| 1 year | +2.3% | +10.5% | −8.1 pp | −16.6% |
| 3 years | +4.9% | +73.7% | −68.7 pp | −26.7% |
| 5 years | +115.6% | +61.7% | +53.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 613.6 m | 590.1 m | 540.5 m | 547.5 m | 571.4 m | 535.5 m | 516.0 m | 551.6 m |
| Operating income | 101.1 m | 15.3 m | 94.3 m | 88.7 m | 105.0 m | 97.3 m | 21.9 m | 95.6 m |
| Depreciation & amortisation | 73.0 m | 80.5 m | 68.6 m | 76.3 m | 78.2 m | 76.3 m | 82.4 m | 81.3 m |
| Interest expense | 9.5 m | 8.7 m | 8.4 m | 9.3 m | 11.0 m | 11.0 m | 11.7 m | 12.6 m |
| Pre-tax income | 91.0 m | 20.6 m | 79.7 m | 66.4 m | 102.7 m | 87.2 m | 13.4 m | 87.8 m |
| Income tax | 4.1 m | 3.0 m | 4.2 m | 5.3 m | 5.9 m | 3.3 m | 2.7 m | 6.2 m |
| Net income | 86.3 m | 16.3 m | 74.0 m | 59.4 m | 95.1 m | 82.7 m | 9.1 m | 79.6 m |
| Operating cash flow | 209.3 m ≈ | 168.4 m | 145.7 m | 151.7 m ≈ | 209.9 m ≈ | 143.9 m | 105.5 m | 153.0 m ≈ |
| Capex | 110.3 m ≈ | 93.2 m | 86.8 m | 67.0 m ≈ | 64.7 m ≈ | 44.8 m | 95.7 m | 50.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.0 bn | 2.0 bn | 1.3 bn | 1.6 bn | 2.4 bn | 2.6 bn | 2.4 bn | 2.2 bn |
| Revenue YoY | +11.5% | −2.1% | −32.3% | +18.9% | +53.2% | +6.1% | −4.6% | −10.4% |
| Net income | 366.6 m | 399.4 m | -129.2 m | 182.8 m | 586.2 m | 630.1 m | 360.9 m | 311.2 m |
| Net income YoY | +20.7% | +8.9% | −132.4% | unavailable | +220.7% | +7.5% | −42.7% | −13.8% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 18.3% | 20.4% | -9.7% | 11.6% | 24.2% | 24.5% | 14.7% | 14.2% |
| Free cash flow | 460.9 m | 209.0 m | 279.5 m | 309.2 m | 516.0 m | 444.9 m | 374.4 m | 387.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 71.2 m USD
- Financial debt
- 450.8 m USD
- Net debt
- 379.6 m USD
- Equity
- unavailable USD
- Total assets
- 2.9 bn USD
- Debt / equity
- unavailable
- Current ratio
- 2.10x
- ROE
- unavailable
- ROA
- 10.8%
- FCF margin
- 17.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.6 bn | 2.4 bn | 2.6 bn | 2.4 bn | 2.2 bn | SEC (XBRL)· 26 Feb 2026verified |
| Cost of revenue | 859.7 m | 943.3 m | — | — | — | — | SEC (XBRL)· 25 Feb 2022verified |
| Gross profit | 468.5 m ≈ | 636.0 m ≈ | — | — | — | — | SEC (XBRL)· 23 Feb 2024derived |
| Operating income | -82.9 m | 223.8 m | 667.4 m | 672.4 m | 394.1 m | 385.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Depreciation & amortisation | 313.4 m | 264.8 m | 276.7 m | 268.0 m | 285.4 m | 299.4 m | SEC (XBRL)· 26 Feb 2026verified |
| EBITDA | 230.5 m ≈ | 488.6 m ≈ | 944.1 m ≈ | 940.4 m ≈ | 679.6 m ≈ | 684.7 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Interest expense | 45.6 m | 39.2 m | 37.3 m | 36.1 m | 35.2 m | 39.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | -129.0 m | 183.8 m | 642.1 m | 644.5 m | 381.5 m | 336.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Income tax | 35.0 k | 417.0 k | 54.0 m | 8.3 m | 15.9 m | 18.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | -129.2 m | 182.8 m | 586.2 m | 630.1 m | 360.9 m | 311.2 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 55.6 m | 122.4 m | 296.0 m | 59.8 m | 137.0 m | 71.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Receivables | 104.6 m | 129.5 m | 241.4 m | 282.6 m | 166.8 m | 129.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Inventories | 56.4 m | 60.3 m | 77.3 m | 127.6 m | 120.7 m | 142.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | 245.8 m | 339.2 m | 657.6 m | 516.1 m | 513.2 m | 430.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Goodwill | 4.4 m | 4.4 m | — | — | — | — | SEC (XBRL)· 25 Feb 2022verified |
| Intangibles (excl. goodwill) | 6.0 m | 2.2 m | 1.0 m | — | — | — | SEC (XBRL)· 24 Feb 2023verified |
| Total assets | 2.2 bn | 2.2 bn | 2.7 bn | 2.8 bn | 2.9 bn | 2.9 bn | SEC (XBRL)· 26 Feb 2026verified |
| Accounts payable | 47.5 m | 69.6 m | 95.1 m | 108.3 m | 98.2 m | 81.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 73.2 m | 16.1 m | 25.0 m | 20.3 m | 22.3 m | 23.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Long-term debt | 519.4 m | 418.9 m | 397.2 m | 316.8 m | 450.9 m | 427.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | 214.6 m | 177.6 m | 255.6 m | 227.5 m | 233.1 m | 204.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | 1.1 bn | 933.3 m | 1.0 bn | 929.8 m | 1.1 bn | 993.6 m | SEC (XBRL)· 26 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 400.6 m | 432.2 m | 802.3 m | 824.2 m | 803.1 m | 651.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Capex | 121.1 m | 123.0 m | 286.4 m | 379.3 m | 428.7 m | 263.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Free cash flow | 279.5 m ≈ | 309.2 m ≈ | 516.0 m ≈ | 444.9 m ≈ | 374.4 m ≈ | 387.9 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Investing cash flow | -125.1 m | -142.7 m | -403.3 m | -553.3 m | -440.7 m | -331.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | -256.4 m | -222.7 m | -225.4 m | -507.1 m | -285.3 m | -385.7 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 63 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.2 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet41
- Growth0
- Valuation86
- Quality92
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 30.40 – 54.09 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)33.06 – 54.09 (Mid 41.07)WACC 8.7% · starting FCFF 400.5 m USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -20.3%
- Peers: EV/EBITDA36.52 – 52.83 (Mid 42.85)5 companies used · median multiple 9.4x · quartiles 8.1x – 11.4xAMR, BTU, CNR, HCC, NRP
- Peers: P/E30.40 – 35.40 (Mid 30.47)3 companies used · median multiple 14.7x · quartiles 14.7x – 17.1xHCC, NC, NRP
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 63/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 12.3% | 83 (vs peers) | 9% |
| FCF conversion · Quality | 134.0% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | -3.2% | 0 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 0.7x | 0 (vs peers) | 15% |
| Interest coverage · Balance sheet | 6.9x | 83 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 1.8x | 79 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 12.2x | 80 (vs peers) | 15% |
| EV/EBITDA · Valuation | 5.8x | 80 (vs peers) | 15% |
| FCF yield · Valuation | 11.0% | 100 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet41/100 · 3/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality92/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation86/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ALLIANCE RESOURCE PARTNERS LP (ARLP). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.2 bn USD in 2025; YoY growth -10.4%; net margin 12.3%; net debt/EBITDA 0.7x.
The estimated value range is 33.06–52.83 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 41.07 USD, the price of 25.18 USD leaves a potential of 63.1% (value / price − 1) and a margin of safety of 38.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 63/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 12.3%
- FCF conversion: 134.0%
- Interest coverage: 6.9x
- Current ratio: 1.8x
- P/E (TTM): 12.2x
- EV/EBITDA: 5.8x
- FCF yield: 11.0%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -3.2%
- Net debt / EBITDA: 0.7x
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Coal mining (SIC 122x) · same industry group (3-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HCCWarrior Met Coal, Inc. | 4.3 bn | 19.5 | 10.0% | 13.0% | −14.1% | +3% / +45% |
| CNRCore Natural Resources, Inc. | 4.0 bn | 40.4 | 2.7% | 2.3% | +86.2% | +0% / −25% |
| ARLPAlliance Resource Partners LP | 3.2 bn | 12.2 | — | 12.3% | −10.4% | +2% / +5% |
| BTUPeabody Energy Corp | 2.1 bn | — | -5.0% | -4.3% | −8.9% | −38% / −29% |
| AMRAlpha Metallurgical Resources, Inc. | 2.0 bn | — | -3.0% | -2.2% | −28.0% | −3% / −45% |
| NRPNatural Resource Partners LP | 1.6 bn | 14.7 | — | — | −16.6% | +13% / +55% |
| METCRamaco Resources, Inc. | 310.0 m | — | -15.0% | -12.2% | −19.5% | −56% / −57% |
| ARECAmerican Resources Corporation | 106.5 m | 1.6 | 718.3% | — | −100.0% | −64% / −40% |
| NCNACCO Industries, Inc. | — | 14.6 | 4.1% | 6.2% | +16.6% | −30% / −2% |
1- and 3-year price returns: for ARLP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 13.73 Total return -45% · Per year -45% | 24.37 Total return -3% · Per year -3% | 36.85 Total return 46% · Per year 46% |
| 3 years | 11.34 Total return -55% · Per year -23% | 22.84 Total return -9% · Per year -3% | 38.18 Total return 52% · Per year 15% |
| 5 years | 9.37 Total return -63% · Per year -18% | 21.40 Total return -15% · Per year -3% | 39.57 Total return 57% · Per year 9% |
- Exit P/E± 5.71
- Net margin± 4.00
- Annual revenue growth± 3.54
- Annual dilution± 0.34
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
ARLP is a US natural resource company that produces and markets coal, mainly to electric utilities, and holds oil and gas royalty interests. The company reported total revenues of 2.19 billion USD in 2025, and after the July 2026 AllDale III & IV acquisition its oil and gas royalty segment expanded significantly, diversifying long-term revenues.
SWOT
Strengths
- The company holds a solid position as the second largest coal producer in the eastern United States, and a base of long-term contracts gives visibility over volumes 1.
- The oil and gas royalty portfolio, expanded through the AllDale III & IV acquisition, brings high-margin revenue and diversifies cash flows 3.
- Leverage remains moderate, and available liquidity was significant at the end of the third quarter of 2026 2.
Weaknesses
- Coal revenue is sensitive to contract pricing and to the roll-off of contracts with better prices, which drove lower revenue in 2025 1.
- Customer concentration is significant, as a few large utilities account for material shares of revenue 1.
- The Mettiki mine ceased longwall production after outages at a key customer's plant, showing the vulnerability of certain assets 2.
Opportunities
- Further development of natural gas royalties, especially in the Haynesville, could support long-term revenue growth 3.
- Investments in energy and infrastructure, such as Gavin Generation and Infinitum, could open new business lines if they develop successfully 1.
- Rising electricity demand and LNG exports could support the monetization of gas in the portfolio 3.
Threats
- Environmental regulation and changing utility preferences could reduce demand for coal as an energy source 1.
- Oil and gas price volatility could affect royalty revenue and the value of recent acquisitions 3.
- Operational risks in underground mines, such as unexpected operating conditions, could affect profitability 1.
Risks
- Dependence on a few large customershigh
A small number of utilities account for significant shares of revenue, and failure of customers to honor contracts could affect results 1.
- Environmental regulation and climate policymedium
Regulation could raise compliance costs and reduce demand for coal, with effects on volumes and prices 1.
- Exposure to oil and gas pricesmedium
The company does not have hedging arrangements against commodity prices, so royalty revenue could fluctuate sharply 1.
- Acquisition integration risklow
Expansion through acquisitions such as AllDale III & IV carries integration risks that could affect results if not managed well 1.
Investment thesis
What would need to be true (bull case)
- If the AllDale III & IV acquisition continues to deliver natural gas royalty income, the royalty segment could become a more stable pillar of profitability 3.
- Lower per-ton costs in coal operations could support margins even when sales prices remain below earlier levels 3.
- A moderate debt level and solid liquidity could provide flexibility for new investments or for supporting distributions 2.
What would break the thesis
- If coal prices stay below the levels seen during the energy crisis period, sales revenue could continue to decline 1.
- Dependence on a few large customers and long-term contracts could expose the company to renegotiation or early termination of agreements 1.
- If coal demand falls because of environmental policy, volumes and revenue from mining operations could be affected over the long term 1.
What to watch
- Results of the oil and gas royalty segment after integrating AllDale III & IVQ4 2026
- Trend in the average coal sales price per ton in AppalachiaQ4 2026
- Decision on the future of the Mettiki mine and its effect on volumes2027
- Level of distributions and the distribution coverage rationext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
ARLP is a diversified natural resource company that generates revenue from producing and marketing coal to utilities, industrial users and international customers, as well as royalties from oil and gas mineral interests. Its coal operations include seven underground mining complexes in six states and a coal-loading terminal on the Ohio River. The company describes itself as the second largest coal producer in the eastern United States 1.
In 2025 the company sold 33.0 million tons of coal and produced 33.2 million tons 1. Coal sales are anchored in long-term contracts: about 86.5% of 2025 coal sales were under such contracts, with terms expiring between 2026 and 2030 1. The company also operates through Matrix Group, an industrial products subsidiary, and Bitiki, which mines bitcoin 1.
Beyond mining, ARLP holds oil and gas royalty interests in the Permian, Anadarko and Williston Basins, and has invested in energy and infrastructure companies such as Infinitum and Gavin Generation 1. As of September 30, 2026, the company reported a total leverage ratio of 0.89 times, indicating moderate debt levels 2.
Segments
Coal royalties and other activities
The coal royalties segment collects royalties on coal reserves owned or leased by Alliance Resource Properties and leased to the company's mines 2. The Other, Corporate and Elimination category includes Matrix Group, the bitcoin activity and non-oil and gas investments, and ARLP held 673 bitcoins at September 30, 2026 2.
Market context
The US coal market is dominated by power sector demand, where 89.2% of the company's 2025 tons sold went to domestic electric utilities 1. Exports are a smaller share, about 8.6% of tons sold, mainly through brokers 1. Oil and gas companies operating in the basins where ARLP holds royalties could affect segment revenue, depending on realized prices.
Trends
- Rising natural gas demand and LNG exportstailwind
Management expects natural gas to benefit from growing LNG exports and rising power demand, which could support the value of royalties in the Haynesville and other gas basins 3.
- Energy transition and coal regulationheadwind
Environmental rules and changing utility consumption patterns could reduce demand for coal as a fuel source, with direct effects on volumes sold 1.
- Expansion of the royalty portfoliotailwind
Acquisitions of mineral interests, such as AllDale III & IV and the 2026 Permian purchases, could accelerate growth in stable royalty income 23.
- Contract pricing and coal price volatilitymixed
Lower realized prices after higher-priced contracts rolled off suggest exposure of margins to the price cycle, and price adjustment mechanisms do not fully offset cost changes 1.
Competitive position
ARLP operates in a highly competitive coal market where price, coal quality, supply reliability, transport logistics and proximity to customers are key factors 1. According to its annual report, its principal competitors are American Consolidated Natural Resources, Core Natural Resources, Alpha Metallurgical Resources, Foresight Energy and Peabody Energy 1.
The company also competes with smaller producers in the Illinois Basin and Appalachia, and with foreign coal producers in international export markets 1. Its differentiation rests on a broad range of coal qualities and transport options combined with customized services 1.
- Alpha Metallurgical ResourcesAMR
Metallurgical coal producer named in the annual report as a principal competitor.
- Core Natural ResourcesCNR
Coal producer named as a principal competitor in the eastern United States.
- Peabody EnergyBTU
Large coal producer named as a principal direct competitor.
- Foresight Energy
Illinois Basin coal producer named as a principal competitor.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report26 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report27 Jul 2026Results of operations · Financial statements and exhibits
- Current report08 Jul 2026Material agreement · Financial statements and exhibits
- Current report02 Jul 2026Material agreement · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
- Current report08 Jun 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report08 May 2026
- Current report27 Apr 2026Results of operations · Financial statements and exhibits
- Current report07 Apr 2026Item 1.04 · Financial statements and exhibits
- Annual report26 Feb 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Alliance Resource Partners, L.P. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Alliance Resource Partners, L.P. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Alliance Resource Partners, L.P. · 26 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.