Alliance Resource Partners, L.P. (ARLP) Q1 2026 Financial Results Summary

Release Date: April 27, 2026

Alliance Resource Partners, L.P. (NASDAQ: ARLP) has released its financial results for the quarter ended March 31, 2026 (the "2026 Quarter"). Below is a summary of the key metrics and performance outcomes compared to the same quarter in the prior year (2025 Quarter) and the preceding quarter (Sequential Quarter).

Financial Highlights

• Total Revenue:
  • Q1 2026: $516.0 million
  • Decrease: 4.5% from Q1 2025 ($540.5 million)
  • Decrease: 3.6% from Q4 2025 ($535.0 million)
• Net Income:
  • Q1 2026: $9.1 million ($0.07 per unit)
  • Decrease: 87.7% from Q1 2025 ($74.0 million, $0.57 per unit)
  • Decrease: 89.0% from Q4 2025 ($82.7 million)
• Adjusted EBITDA:
  • Q1 2026: $155.0 million
  • Decrease: 3.1% from Q1 2025 ($159.9 million)
  • Decrease: 18.9% from Q4 2025 ($191.1 million)

Operational Highlights

• Coal Sales Volume:
  • Q1 2026: Decreased by 5.9% in Illinois Basin vs. Sequential Quarter, primarily due to lower output from the Hamilton mine.
  • Increased by 3.6% compared to Q1 2025 in Appalachia due to fewer production days in prior periods.
• Coal Sales Prices:
  • Illinois Basin: decreased by 7.4% year-over-year.
  • Appalachia: decreased by 4.8% from Q1 2025 and 11.1% from Q4 2025.
• Oil & Gas Royalties:
  • Revenues increased by 14.6% year-over-year.
  • Volume growth of 16.1% year-over-year.
  • Completed $16.2 million in oil & gas mineral interest acquisitions during Q1 2026.

Balance Sheet & Liquidity

• As of March 31, 2026:
  • Total Debt: $507.7 million
  • Total Liquidity: $431.2 million (including $28.9 million cash)
  • Leverage Ratios:
    • Total: 0.73 times
    • Net: 0.69 times

Dividend Declaration

The Board of Directors approved a quarterly cash distribution of $0.60 per unit, or an annualized rate of $2.40 per unit. This distribution is payable on May 15, 2026, to unitholders of record on May 8, 2026.

Segment Performance

Coal Operations

• Adjusted EBITDA Expense per Ton: Increased by 3.4% vs. Sequential Quarter in the Illinois Basin due to extended longwall moves.
• Appalachia: Adjusted EBITDA Expense per ton decreased by 10.8% year-over-year.

Royalties

• Oil & Gas Royalties Segment Adjusted EBITDA: Increased to $34.6 million, reflecting increased production and improved commodity pricing.
• Coal Royalties Segment Adjusted EBITDA: Increased to $12.3 million from $9.4 million year-over-year, reflecting higher volumes.

Forward Guidance

• Total Sales Tons for 2026: Forecasted between 33.75 and 35.25 million short tons.
• Coal Sales Prices: Expected to range from $54.00 to $56.00 per ton.
• Increased Oil & Gas Royalties Volume Guidance based on year-to-date performance and expected strong market conditions.

This financial summary encapsulates the major operational outputs, financial results, and positioning of Alliance Resource Partners, L.P. for the first quarter of 2026.

Certainly! Here are the extracted tables from the press release:

ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OPERATING DATA (In thousands, except unit and per unit data) (Unaudited)

Note: All amounts are in thousands.

	Three Months Ended	March 31, 2026	2025
Tons Sold
Tons Produced
Mineral Interest Volumes (BOE)	7,860	7,771
	7,984	8,457
	1,022	880
SALES AND OPERATING REVENUES:
Coal sales	$ 443,282	$ 468,511
Oil & gas royalties	41,341	36,084
Transportation revenues	8,643	10,200
Other revenues	22,751	25,673
Total revenues	516,017	540,468
EXPENSES:
Operating expenses	341,298	339,436
(excluding depreciation, depletion and amortization)
Transportation expenses	8,643	10,200
Outside coal purchases	—	7,345
General and administrative	24,041	20,580
Depreciation, depletion and amortization	82,354	68,629
Asset impairments	37,820	—
Total operating expenses	494,156	446,190
INCOME FROM OPERATIONS	21,861	94,278
INTEREST EXPENSE, NET	-11,744	-8,434
Interest income	318	867
Net income (loss) on equity method investments	4,286	-2,006
Change in fair value of digital assets	-11,629	-5,574
Other income	10,340	611
INCOME BEFORE INCOME TAXES	13,432	79,742
INCOME TAX EXPENSE	2,685	4,182
NET INCOME	10,747	75,560
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	-1,653	-1,577
NET INCOME ATTRIBUTABLE TO ARLP	$ 9,094	$ 73,983
EARNINGS PER LIMITED PARTNER UNIT - BASIC AND DILUTED	$ 0.07	$ 0.57
WEIGHTED-AVERAGE NUMBER OF UNITS OUTSTANDING – BASIC AND DILUTED	128,538,284	128,265,338

ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except unit data) (Unaudited)

Note: All amounts are in thousands.

	March 31, 2026	December 31, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 28,869	$ 71,212
Trade receivables (net of allowance of $5,435 and $5,360, respectively)	166,573	129,686
Other receivables	1,079	1,992
Inventories, net	143,564	142,619
Advance royalties	10,410	10,496
Digital assets	42,210	51,834
Prepaid expenses and other assets	15,990	22,215
Total current assets	408,695	430,054
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment	4,412,583	4,502,648
Less accumulated depreciation, depletion and amortization	-2,264,329	-2,364,206
Total property, plant and equipment, net	2,148,254	2,138,442
OTHER ASSETS:
Advance royalties	77,652	72,412
Equity method investments	70,986	69,638
Equity securities	86,353	82,466
Operating lease right-of-use assets	14,332	17,065
Other long-term assets	49,436	43,711
Total other assets	298,759	285,292
TOTAL ASSETS	$ 2,855,708	$ 2,853,788
LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES:
Accounts payable	$ 94,642	$ 81,809
Accrued taxes other than income taxes	20,597	20,319
Accrued payroll and related expenses	34,265	31,244
Accrued interest	10,906	2,012
Workers' compensation and pneumoconiosis benefits	15,901	15,901
Other current liabilities	34,197	29,495
Current maturities, long-term debt, net	69,806 Disclaimer The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information.