Alliance Resource Partners, L.P. Reports Third Quarter 2026 Financial and Operating Results; Declares Quarterly Cash Distribution of $0.60 Per Unit; and Updates Guidance
2026 Quarter Highlights
Total revenues of $603.0 million and net income attributable to ARLP of $139.6 million, up year-over-year 5.5% and 46.8%, respectively
Adjusted EBITDA attributable to ARLP of $233.9 million, up 26.3% year-over-year
Segment Adjusted EBITDA Expense per ton sold at our Coal Operations improved 13.1% year-over-year and 7.9% sequentially
Record oil & gas royalty revenues and volumes, driven by $223.5 million of acquisitions completed during the quarter
Distributable Cash Flow of $136.8 million and Distribution Coverage Ratio of 1.76x improved over 27% sequentially
Declares quarterly cash distribution of $0.60 per unit, or $2.40 per unit annualized
TULSA, Okla., October 26, 2026--Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("we," "us," "our," "ARLP" or the "Partnership") today reported financial and operating results for the three and nine months ended September 30, 2026 (the "2026 Quarter" and "2026 Period," respectively). This release includes comparisons of results to the three and nine months ended September 30, 2025 (the "2025 Quarter" and "2025 Period," respectively) and to the quarter ended June 30, 2026 (the "Sequential Quarter").
The use of "attributable to ARLP" indicates the exclusion of noncontrolling interests. For a definition of EBITDA, Adjusted EBITDA, Adjusted EBITDA attributable to ARLP and Segment Adjusted EBITDA Expense and related reconciliations to comparable GAAP financial measures, please see the end of this release.
Financial Summary
| % Change | % Change | ||||||||||||||||||||||||
| 2026 | 2025 | Quarter / | Sequential | % Change | 2026 | 2025 | Period / | ||||||||||||||||||
| (in millions, except per unit data) | Quarter | Quarter | Quarter | Quarter | Sequential | Period | Period | Period | |||||||||||||||||
| Total revenues | $ | 603.0 | $ | 571.4 | 5.5 | % | $ | 551.6 | 9.3 | % | $ | 1,670.6 | $ | 1,659.3 | 0.7 | % | |||||||||
| Operating expenses | $ | 339.2 | $ | 354.6 | (4.4) | % | $ | 341.4 | (0.6) | % | $ | 1,021.8 | $ | 1,040.3 | (1.8) | % | |||||||||
| Net income attributable to ARLP | $ | 139.6 | $ | 95.1 | 46.8 | % | $ | 79.6 | 75.5 | % | $ | 228.3 | $ | 228.5 | (0.1) | % | |||||||||
| Earnings per basic and diluted unit | $ | 1.08 | $ | 0.73 | 47.9 | % | $ | 0.61 | 77.0 | % | $ | 1.76 | $ | 1.76 | — | % | |||||||||
| Adjusted EBITDA attributable to ARLP | $ | 233.9 | $ | 185.2 | 26.3 | % | $ | 185.1 | 26.4 | % | $ | 573.3 | $ | 505.5 | 13.4 | % |
Total revenues in the 2026 Quarter increased 5.5% and 9.3% compared to the 2025 Quarter and Sequential Quarter, respectively, as a result of record oil & gas royalty revenues, increased coal sales volumes and higher other revenues, partially offset by lower coal sales price per ton.
Net income attributable to ARLP increased 46.8% and 75.5% compared to the 2025 Quarter and Sequential Quarter, respectively, primarily as a result of higher total revenues and equity method investment income, lower operating expenses, a $16.5 million increase in the fair value of our digital assets and a $6.3 million gain recognized as a result of the remeasurement of our previously held equity investment in AllDale III in connection with the AllDale III & IV acquisition. Partially offsetting these increases were higher income tax expenses and a $7.3 million loss on the derivative instruments acquired in the AllDale III & IV acquisition.
Adjusted EBITDA attributable to ARLP increased 26.3% and 26.4% compared to the 2025 Quarter and Sequential Quarter, respectively, primarily driven by higher Coal Operations Segment Adjusted EBITDA, the contribution from the AllDale III & IV acquisition and higher equity method investment income, partially offset by higher general and administrative expenses.