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Mines and markets thermal and metallurgical coal in the Illinois Basin and Appalachia, plus royalty income from oil, gas and minerals.
Mines and markets thermal and metallurgical coal in the Illinois Basin and Appalachia, plus royalty income from oil, gas and minerals.
Sells most coal under multi-year contracts, so a large share of each year's tonnage and price is set in advance. Mineral royalties on oil and gas land add income that doesn't require mining costs. As a partnership, it distributes much of its cash to unit holders.
Moat: narrow (scale, installed base). Low-cost Illinois Basin coal reserves with long-term utility supply contracts, though coal demand is structurally declining.
Headquarters: Tulsa, Oklahoma, US · Founded: 1971 · Employees: 3,575
Size Alliance Resource Partners, L.P (ARLP) is a United States Energy company (Coal) with a market value of $3.14B, the 1514th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.39 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -10.3% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 1.9% over the last twelve months (peer median +3.3%); the operating margin is 18.0% (peer median 9.4%).
Valuation It trades at 8.2× forward earnings against a peer median of 11.0× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points above its cost of capital (6.2% WACC).
Backlog Backlog (remaining performance obligations) was $3.43B at 30 Sep 2026, down 12% on a year earlier — 1.6 years of trailing revenue. Backlog detail →
Credit Alliance Resource Partners, L.P has 1 bond outstanding ($400M), rated BB- by the agencies and trading like BBB at a weighted spread of 83 bp.
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.21B | $2.19B | $2.45B | $2.57B | $2.42B |
| Revenue growth | — | -10% | -5% | +6% | — |
| Gross profit | $495M | $468M | $507M | $751M | $741M |
| EBITDA | $719M | $685M | $711M | $940M | $937M |
| Net income | $309M | $308M | $355M | $612M | $558M |
| Free cash flow | $406M | $388M | $374M | $362M | $516M |
| Capital expenditure | $249M | $271M | $453M | $469M | $286M |
| Total debt | $680M | $466M | $487M | $351M | $434M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P ARLP | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% |
| Peabody Energy BTU | $1.95B | -32% | +3% | -4% | 6.3× | n/a |
| Core Natural Resources CNR | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% |
| Natural Resource Partners L.P NRP | $1.56B | +6% | -10% | 63% | n/a | -8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ARLP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.1% | -10.5% | 2nd highest of 21 |
| 6-month return | -1.9% | -10.3% | 3rd highest of 21 |
| Distance from 52-week high | -17.2% | -28.3% | 2nd highest of 21 |
| Revenue growth (TTM) | -1.9% | +3.3% | 7th lowest of 21 |
| Operating margin | 18.0% | 9.4% | 7th highest of 21 |
| Forward P/E | 8.2× | 11.0× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -10.0% | -5.0% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +10.6% | +7.7% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | -20.6 pp | -12.5 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +5.4 pp | +1.1 pp | 3rd highest of 21 |
| EV / EBITDA | 5.4× | 7.3× | 2nd cheapest of 9 |
| Net debt / EBITDA | 0.8× | -0.2× | 2nd most indebted of 9 |
| Bond spread | 83 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |
Alliance Resource Partners, L.P has 1 bond outstanding with $400M face value. The agencies rate it BB-; its bonds trade like BBB. Weighted yield 5.14%, a spread of 83 bp over government bonds.
Alliance Resource Partners, L.P reported $3.43B of remaining performance obligations at 30 Sep 2026, down 12% from a year earlier and down 6% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 0.65.