Alliance Resource Partners LP (ARLP) financial statements: income statement, balance sheet and cash flow

Alliance Resource Partners LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alliance Resource Partners LP reported revenue of $2.2B (-10.4% year on year) and net income of $317.3M (-13.2% year on year).

Income statement

Alliance Resource Partners LP income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$2.2B	$2.4B	$2.6B	$2.4B
Operating expenses (excluding depreciation, depletion and amortization)	$1.4B	$1.6B	$1.5B	$1.4B
Outside coal purchases	$21.8M	$35.8M	$36.1M	$151.0K
General and administrative	$83.1M	$82.2M	$79.1M	$80.3M
Depreciation, depletion and amortization	$299.4M	$285.4M	$268.0M	$273.8M
Asset impairments	$0	$31.1M	—	—
Total operating expenses	$1.8B	$2.1B	$1.9B	$1.7B
Income from Operations	$385.3M	$394.1M	$672.4M	$658.4M
Interest expense (net of interest capitalized of $10,663, $12,843 and $6,706, respectively)	($39.7M)	($35.2M)	—	—
Interest income	$2.8M	$7.2M	$9.4M	$2.0M
Net income (loss) on equity method investments	$21.0M	($5.0M)	($1.5M)	$5.6M
Change in fair value of digital assets	($4.4M)	$22.4M	—	—
Impairment loss on investments	($28.0M)	—	—	—
Other income (expense)	($889.0K)	($2.1M)	$218.0K	$4.4M
Income Before Income Taxes	$336.0M	$381.5M	$644.5M	$633.1M
Income Tax Expense	$18.8M	$15.9M	$8.3M	$54.0M
Net Income	$317.3M	$365.6M	$636.2M	$579.1M
Less: Net Income Attributable to Noncontrolling Interest	($6.1M)	($4.7M)	($6.1M)	($2.0M)
Net Income Attributable to ARLP	$311.2M	$360.9M	$630.1M	$577.2M
General Partner	$0	—	$1.4M	—
Limited Partner	$311.2M	$360.9M	$628.7M	—
Earnings per Limited Partner Unit - Basic (in dollars per unit)	$2.4	$2.77	$4.81	$4.39
Earnings per Limited Partner Unit - Diluted (in dollars per unit)	$2.4	$2.77	$4.81	$4.39
Weighted-Average Number of Units Outstanding - Basic (in units)	128.4M	128.0M	127.2M	127.2M
Weighted-Average Number of Units Outstanding - Diluted (in units)	128.4M	128.0M	127.2M	127.2M

Alliance Resource Partners LP income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$551.6M	$516.0M	$571.4M	$547.5M
Operating expenses (excluding depreciation, depletion and amortization)	$348.9M	$349.9M	$362.3M	$354.8M
Outside coal purchases	$0	$0	$4.5M	$7.2M
General and administrative	$25.8M	$24.0M	$21.4M	$20.4M
Depreciation, depletion and amortization	$81.3M	$82.4M	$78.2M	$76.3M
Asset impairments	$0	$37.8M	—	—
Total operating expenses	$456.0M	$494.2M	$466.4M	$458.7M
Income from Operations	$95.6M	$21.9M	$105.0M	$88.7M
Interest expense (net of interest capitalized for the three and six months ended June 30, 2026 and 2025 of $443, $3,360, $1,356 and $7,848, respectively)	($12.6M)	($11.7M)	($11.0M)	($9.3M)
Interest income	$306.0K	$318.0K	$682.0K	$570.0K
Net income (loss) on equity method investments	$9.5M	$4.3M	$4.5M	($1.5M)
Change in fair value of digital assets	($6.3M)	($11.6M)	$3.7M	$12.9M
Impairment loss on investments	$0	—	$0	($25.0M)
Other income	$1.3M	$10.3M	($135.0K)	$17.0K
Income Before Income Taxes	$87.8M	$13.4M	$102.7M	$66.4M
Income Tax Expense	$6.2M	$2.7M	$5.9M	$5.3M
Net Income	$81.5M	$10.7M	$96.8M	$61.0M
Less: Net Income Attributable to Noncontrolling Interest	($2.0M)	($1.7M)	($1.7M)	($1.6M)
Net Income Attributable to ARLP	$79.6M	$9.1M	$95.1M	$59.4M
Earnings per Limited Partner Unit - Basic (in dollars per unit)	$0.61	$0.07	$0.73	$0.46
Earnings per Limited Partner Unit - Diluted (in dollars per unit)	$0.61	$0.07	$0.73	$0.46
Weighted-Average Number of Units Outstanding - Basic (in units)	128.7M	128.5M	128.4M	128.4M
Weighted-Average Number of Units Outstanding - Diluted (in units)	128.7M	128.5M	128.4M	128.4M

Balance sheet

Alliance Resource Partners LP balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$71.2M	$137.0M	$59.8M	$296.0M
Trade receivables (net of allowance of $5,360 and $2,087, respectively)	$129.7M	$166.8M	$282.6M	$238.6M
Other receivables	$2.0M	$10.2M	$9.7M	$8.6M
Inventories, net	$142.6M	$120.7M	$127.6M	$77.3M
Advance royalties	$10.5M	$11.4M	$7.8M	$7.6M
Digital assets	$51.8M	$45.0M	—	—
Prepaid expenses and other assets	$22.2M	$22.2M	$28.7M	$26.7M
Total current assets	$430.1M	$513.2M	$516.1M	$654.8M
Property, plant and equipment	$4.5B	$4.4B	$4.2B	$3.9B
Less accumulated depreciation, depletion and amortization	($2.4B)	($2.3B)	($2.1B)	($2.0B)
Total property, plant and equipment, net	$2.1B	$2.2B	$2.0B	$1.8B
Advance royalties	$72.4M	$70.3M	$71.1M	$67.7M
Equity method investments	$69.6M	$35.5M	$46.5M	$49.4M
Equity securities	$82.5M	$92.5M	$92.5M	$42.0M
Operating lease right-of-use assets	$17.1M	$15.9M	$16.6M	$14.9M
Other long-term assets	$43.7M	$22.0M	$22.9M	$15.7M
Total other assets	$285.3M	$236.2M	$249.6M	$189.8M
Total Assets	$2.9B	$2.9B	$2.8B	$2.7B
Accounts payable	$81.8M	$98.2M	$108.3M	$95.1M
Accrued taxes other than income taxes	$20.3M	$21.1M	$21.0M	$23.0M
Accrued payroll and related expenses	$31.2M	$26.9M	$29.9M	$39.6M
Accrued interest	$2.0M	$1.8M	$3.6M	$5.0M
Workers' compensation and pneumoconiosis benefits	$15.9M	$14.8M	$15.9M	$14.1M
Other current liabilities	$29.5M	$48.0M	$28.5M	$53.8M
Current maturities, long-term debt, net	$23.6M	$22.3M	$20.3M	$25.0M
Total current liabilities	$204.4M	$233.1M	$227.5M	$255.6M
Long-term debt, excluding current maturities, net	$427.1M	$450.9M	$316.8M	$397.2M
Pneumoconiosis benefits	$100.7M	$120.2M	$127.2M	$100.1M
Workers' compensation	$37.7M	$37.2M	$37.3M	$39.6M
Asset retirement obligations	$153.2M	$155.2M	$146.9M	$142.3M
Long-term operating lease obligations	$14.6M	$13.6M	$13.7M	$12.1M
Deferred income tax liabilities	$27.7M	$29.4M	$33.5M	$35.8M
Other liabilities	$28.0M	$22.7M	$18.4M	$24.8M
Total long-term liabilities	$789.1M	$829.1M	$702.4M	$764.4M
Total liabilities	$993.6M	$1.1B	$929.8M	$1.0B
Limited Partners - Common Unitholders 128,428,024 and 128,061,981 units outstanding, respectively	$1.8B	$1.9B	$1.9B	$1.7B
Accumulated other comprehensive loss	($1.0M)	($35.1M)	($61.5M)	($41.1M)
Total ARLP Partners' Capital	$1.8B	$1.8B	$1.8B	$1.6B
Noncontrolling interest	$17.6M	$20.8M	$24.1M	$26.5M
Total Partners' Capital	$1.9B	$1.9B	$1.9B	$1.6B
Total Liabilities and Partners' Capital	$2.9B	$2.9B	$2.8B	$2.7B

Alliance Resource Partners LP balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$111.2M	$28.9M	$94.5M	$55.0M
Trade receivables (net of allowance of $5,659 and $5,360, respectively)	$200.8M	$166.6M	$169.9M	$177.7M
Other receivables	$4.4M	$1.1M	$2.3M	$4.6M
Inventories, net	$125.1M	$143.6M	$130.6M	$138.7M
Advance royalties	$10.4M	$10.4M	$9.5M	$9.5M
Digital assets	$37.9M	$42.2M	$64.8M	$58.0M
Prepaid expenses and other assets	$18.8M	$16.0M	$14.5M	$17.6M
Total current assets	$508.6M	$408.7M	$486.1M	$461.1M
Property, plant and equipment	$4.4B	$4.4B	$4.5B	$4.5B
Less accumulated depreciation, depletion and amortization	($2.2B)	($2.3B)	($2.3B)	($2.3B)
Total property, plant and equipment, net	$2.1B	$2.1B	$2.2B	$2.2B
Advance royalties	$75.1M	$77.7M	$75.8M	$77.4M
Equity method investments	$71.3M	$71.0M	$54.6M	$29.6M
Equity securities	$86.4M	$86.4M	$67.5M	$67.5M
Operating lease right-of-use assets	$13.8M	$14.3M	$17.6M	$16.0M
Other long-term assets	$49.0M	$49.4M	$29.8M	$29.7M
Total other assets	$295.5M	$298.8M	$258.6M	$233.4M
Total Assets	$2.9B	$2.9B	$2.9B	$2.9B
Accounts payable	$90.5M	$94.6M	$103.8M	$98.2M
Accrued taxes other than income taxes	$27.6M	$20.6M	$24.6M	$24.6M
Accrued payroll and related expenses	$37.4M	$34.3M	$36.3M	$29.9M
Accrued interest	$2.4M	$10.9M	$10.7M	$1.9M
Workers' compensation and pneumoconiosis benefits	$15.8M	$15.9M	$14.8M	$14.8M
Other current liabilities	$35.4M	$34.2M	$42.1M	$42.3M
Current maturities, long-term debt, net	$81.1M	$69.8M	$23.4M	$23.1M
Total current liabilities	$290.2M	$280.3M	$255.6M	$234.8M
Long-term debt, excluding current maturities, net	$498.5M	$426.1M	$433.1M	$439.0M
Pneumoconiosis benefits	$102.9M	$101.7M	$124.8M	$123.2M
Workers' compensation	$37.0M	$37.7M	$38.9M	$38.5M
Asset retirement obligations	$163.1M	$162.5M	$157.8M	$157.1M
Long-term operating lease obligations	$11.3M	$11.9M	$15.1M	$14.0M
Deferred income tax liabilities	$27.0M	$27.1M	$27.4M	$28.6M
Other liabilities	$25.5M	$26.1M	$24.6M	$21.6M
Total long-term liabilities	$865.2M	$793.1M	$821.7M	$822.1M
Total liabilities	$1.2B	$1.1B	$1.1B	$1.1B
Limited Partners - Common Unitholders 128,658,801 and 128,428,024 units outstanding, respectively	$1.8B	$1.8B	$1.8B	$1.8B
Accumulated other comprehensive loss	($7.2M)	($7.4M)	($24.0M)	($23.6M)
Total ARLP Partners' Capital	$1.8B	$1.8B	$1.8B	$1.8B
Noncontrolling interest	$17.4M	$17.4M	$18.7M	$19.4M
Total Partners' Capital	$1.8B	$1.8B	$1.8B	$1.8B
Total Liabilities and Partners' Capital	$2.9B	$2.9B	$2.9B	$2.9B

Cash flow statement

Alliance Resource Partners LP cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$317.3M	$365.6M	($636.2M)	$579.1M
Depreciation, depletion and amortization	$299.4M	$285.4M	$268.0M	$273.8M
Non-cash compensation expense	$8.9M	$10.6M	$12.9M	$11.0M
Coal inventory adjustment to market	$4.9M	$24.6M	$33.3M	—
Net loss (income) on equity method investments	($21.0M)	$5.0M	$1.5M	($5.6M)
Distributions from equity method investments	$10.8M	$2.4M	$2.6M	$5.6M
Net gain on sale of property, plant and equipment	($1.5M)	($262.0K)	($3.2M)	($3.7M)
Asset impairment	$0	$31.1M	—	—
Change in deferred income tax	($884.0K)	($2.2M)	($9.0M)	$34.8M
Change in fair value of digital assets	$4.4M	($22.4M)	—	—
Other non-cash change in digital assets	($11.2M)	($10.4M)	—	—
Impairment loss on investments	$28.0M	—	—	—
Other	$20.3M	$20.8M	$11.3M	$5.7M
Trade receivables	$37.2M	$115.8M	($41.2M)	($107.5M)
Other receivables	$8.2M	($1.2M)	($1.1M)	($7.9M)
Inventories, net	($20.0M)	($22.2M)	($78.0M)	($20.1M)
Prepaid expenses and other assets	($10.0K)	($3.1M)	($2.9M)	($9.2M)
Advance royalties	($1.2M)	($2.8M)	($3.6M)	($6.8M)
Accounts payable	($5.6M)	($19.2M)	$17.8M	$14.6M
Accrued taxes other than income taxes	($727.0K)	$44.0K	($2.0M)	$5.2M
Accrued payroll and related benefits	$4.3M	($2.9M)	($9.7M)	$2.8M
Pneumoconiosis benefits	$7.2M	$9.2M	$3.9M	$3.8M
Workers' compensation	$1.5M	($105.0K)	($1.5M)	($4.0M)
Other	($39.0M)	$19.4M	($4.5M)	$20.2M
Total net adjustments	$333.9M	$437.6M	$194.5M	$212.7M
Net cash provided by operating activities	$651.1M	$803.1M	$830.6M	$791.8M
Capital expenditures	($263.3M)	($428.7M)	($379.3M)	($286.4M)
Change in accounts payable and accrued liabilities	($10.8M)	$9.1M	($29.7M)	$36.0M
Proceeds from sale of property, plant and equipment	$2.5M	$1.6M	$3.7M	$7.5M
Contributions to equity method investments	($25.4M)	($2.9M)	($2.5M)	$24.1M
Purchase of equity securities	($14.9M)	—	($49.6M)	($42.0M)
Purchase of debt securities	($3.0M)	—	—	—
JC Resources acquisition	$0	—	($65.0M)	—
Oil & gas reserve business combinations	($10.0M)	—	($14.5M)	($92.6M)
Oil & gas reserve asset acquisitions	($7.8M)	($24.7M)	($24.2M)	—
Other	$1.5M	$4.9M	$1.4M	($1.7M)
Net cash used in investing activities	($331.3M)	($440.7M)	($559.7M)	($403.3M)
Borrowings under securitization facility	$84.0M	$75.0M	—	$27.5M
Payments under securitization facility	($84.0M)	($75.0M)	—	($27.5M)
Proceeds from equipment financings	$0	$54.6M	—	—
Payments on equipment financings	($12.9M)	($12.0M)	($25.0M)	($16.1M)
Borrowings under revolving credit facilities	$0	$20.0M	—	—
Payments under revolving credit facilities	$0	($20.0M)	—	—
Borrowing under long-term debt	$0	$400.0M	$75.0M	—
Payments on long-term debt	($14.1M)	($299.8M)	($129.5M)	—

Alliance Resource Partners LP cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Cash Flows from Operating Activities	$258.5M	$105.5M	$507.3M	$297.4M
Capital expenditures	($145.7M)	($95.7M)	($218.5M)	($153.8M)
Change in accounts payable and accrued liabilities	($3.3M)	$3.5M	($5.6M)	($11.8M)
Proceeds from sale of property, plant and equipment	$411.0K	$278.0K	$2.1M	$709.0K
Contributions to equity method investments	($2.2M)	($586.0K)	($24.3M)	($1.4M)
Purchase of debt securities	$0	—	($3.0M)	($2.1M)
Oil & gas reserve business combinations	($22.0M)	($14.5M)	—	—
Oil & gas reserve asset acquisitions	($9.4M)	($1.7M)	($3.5M)	($2.7M)
Other	$938.0K	$945.0K	$1.7M	$2.9M
Net cash used in investing activities	($181.2M)	($107.8M)	($251.0M)	($168.3M)
Borrowings under securitization facility	$151.0M	$56.0M	$74.0M	$39.0M
Payments under securitization facility	($95.0M)	($11.0M)	($74.0M)	($39.0M)
Payments on equipment financings	($6.8M)	($3.4M)	($9.6M)	($6.3M)
Borrowings under revolving credit facilities	$181.0M	$17.0M	$0	$0
Payments under revolving credit facilities	($102.5M)	($17.0M)	$0	$0
Borrowing under long-term debt	$5.9M	$5.9M	$0	$0
Payments on long-term debt	($7.0M)	($3.5M)	($10.5M)	($7.0M)
Payments for tax withholdings related to settlements under deferred compensation plan	($4.1M)	($4.1M)	($7.1M)	($7.1M)
Distributions paid to Partners	($155.9M)	($78.0M)	($259.4M)	($181.6M)
Other	($3.9M)	($1.9M)	($12.3M)	($9.1M)
Net cash used in financing activities	($37.4M)	($40.0M)	($298.8M)	($211.2M)
Effect of exchange rate changes on cash and cash equivalents	$21.0K	($7.0K)	$66.0K	$76.0K
Net Change in Cash and Cash Equivalents	$40.0M	($42.3M)	($42.5M)	($82.0M)
Cash and Cash Equivalents at Beginning of Period	$71.2M	$71.2M	$137.0M	$137.0M
Cash and Cash Equivalents at End of Period	$111.2M	$28.9M	$94.5M	$55.0M
Accounts payable for purchase of property, plant and equipment	$9.6M	$16.4M	$18.2M	$11.9M
Change in property, plant and equipment for reclamation assets	$13.0M	$13.0M	—	—
Right-of-use assets acquired by operating lease	$0	$0	$3.7M	$1.6M
Market value of common units issued under deferred compensation plan before tax withholding requirements	$9.8M	$9.8M	$17.1M	$17.1M

Alliance Resource Partners LP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.