Alliance Resource Partners, L.P. (ARLP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.51	$0.56	+9.8%	—	$551.6M	—
Q1 26	$0.29	$0.38	+31.0%	—	$516M	—
Q4 25	$0.57	$0.78	+36.8%	—	$535.5M	—
Q3 25	$0.68	$0.71	+4.4%	—	$571.4M	—
Q2 25	$0.6	$0.55	-8.3%	—	$547.5M	—
Q1 25	$0.51	$0.62	+21.6%	—	$540.5M	—
Q4 24	$0.67	$0.24	-64.2%	—	$590.1M	—
Q3 24	$0.82	$0.67	-18.3%	—	$613.6M	—
Q2 24	$0.86	$0.77	-10.5%	—	$593.4M	—
Q1 24	$1.01	$1.35	+33.7%	—	$651.7M	—
Q4 23	$1.14	$0.88	-22.8%	—	$625.4M	—
Q3 23	$1.32	$1.18	-10.6%	—	$636.5M	—
Q2 23	$1.3	$1.3	0.0%	—	$641.8M	—
Q1 23	$1.25	$1.45	+16.0%	—	$662.9M	—
Q4 22	$1.42	$1.63	+14.8%	—	$700.7M	—
Q3 22	$1.54	$1.25	-18.8%	—	$632.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.4	—	—	$2.2B	—
FY24	—	$2.77	—	—	$2.4B	—
FY23	—	$4.81	—	—	$2.6B	—
FY22	—	$4.39	—	—	$2.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.9B	$1.8B	$2B	$2B	$1.3B	$1.6B	$2.4B	$2.6B	$2.4B	$2.2B
YoY change	-15.1%	-7%	+11.5%	-2.05%	-32.3%	+18.9%	+53.2%	+6.06%	-4.6%	-10.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.9B	1.8B	2B	2B	1.3B	1.6B	2.4B	2.6B	2.4B	2.2B
Cost of revenue	1.5B	1.4B	1.6B	1.6B	1.2B	1.3B	1.7B	1.8B	1.9B	1.7B
Gross profit	440.6M	393.7M	401.1M	347.7M	134M	294M	741.2M	751.5M	507.5M	468.4M
Gross margin	22.8%	21.9%	20%	17.7%	10.1%	18.6%	30.6%	29.3%	20.7%	21.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	72.5M	61.8M	68.3M	73M	59.8M	70.3M	80.4M	79.1M	82.2M	83.1M
Operating expenses	1.2B	1.2B	1.3B	1.3B	59.8M	70.3M	80.4M	79.1M	82.2M	83.1M
Operating income	368.1M	331.9M	332.8M	274.7M	74.2M	223.8M	660.8M	672.4M	425.3M	385.3M
Operating margin	19.1%	18.5%	16.6%	14%	5.58%	14.2%	27.3%	26.2%	17.4%	17.6%
Non-operating income, net	2.1M	11.8M	74.8M	177.5M	-157.7M	-836K	16.7M	-1.3M	-15.8M	-12.3M
Pretax income	339.6M	304.4M	367.5M	406.7M	-129M	183.8M	642.1M	644.5M	381.5M	336M
Income tax	13K	210K	22K	-211K	35K	417K	54M	8.3M	15.9M	18.8M
Net income	339.5M	304.2M	367.5M	406.9M	-129.1M	183.4M	588.2M	636.2M	365.6M	317.3M
Net margin	17.6%	16.9%	18.3%	20.7%	-9.72%	11.6%	24.3%	24.8%	14.9%	14.5%
EBITDA	706.7M	614.5M	632.7M	586.9M	387M	487.8M	949.5M	948.5M	710.9M	707.6M
EPS	3.39	2.8	2.74	3.07	-1.02	1.36	4.39	4.81	2.77	2.4
Diluted EPS	3.39	2.8	2.74	3.07	-1.02	1.36	4.39	4.81	2.77	2.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	636.5M	625.4M	651.7M	593.4M	613.6M	590.1M	540.5M	547.5M	571.4M	535.5M	516M	551.6M
Cost of revenue	451M	491.9M	74.7M	455.4M	490.6M	526M	425.6M	438.4M	445M	417.4M	432.3M	430.1M
Gross profit	185.5M	133.5M	577M	138M	122.9M	64.1M	114.9M	109.1M	126.3M	118.1M	83.7M	121.4M
Gross margin	29.1%	21.3%	88.5%	23.3%	20%	10.9%	21.3%	19.9%	22.1%	22.1%	16.2%	22%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	20.1M	17.8M	22.1M	20.6M	21.9M	17.7M	20.6M	20.4M	21.4M	20.8M	24M	25.8M
Operating expenses	20.1M	17.8M	416.7M	20.6M	21.9M	17.7M	20.6M	20.4M	21.4M	20.8M	24M	25.8M
Operating income	165.4M	115.7M	160.3M	117.4M	101.1M	46.5M	94.3M	88.7M	105M	97.3M	59.7M	95.6M
Operating margin	26%	18.5%	24.6%	19.8%	16.5%	7.88%	17.4%	16.2%	18.4%	18.2%	11.6%	17.3%
Non-operating income, net	-1.6M	2.7M	10.7M	-4.9M	-2.7M	-18.9M	-7M	-13.7M	8.1M	237K	-34.8M	4.5M
Pretax income	158.8M	113.5M	164.5M	105.4M	91M	20.6M	79.7M	66.4M	102.7M	87.2M	13.4M	87.8M
Income tax	3.4M	-3.4M	4.9M	3.9M	4.1M	3M	4.2M	5.3M	5.9M	3.3M	2.7M	6.2M
Net income	155.4M	116.8M	159.6M	101.5M	86.9M	17.6M	75.6M	61M	96.8M	83.8M	10.7M	81.5M
Net margin	24.4%	18.7%	24.5%	17.1%	14.2%	2.98%	14%	11.1%	16.9%	15.7%	2.08%	14.8%
EBITDA	166.5M	119.7M	172.3M	118.4M	100.2M	46.4M	93.8M	87.8M	110M	116.6M	74.6M	106.7M
EPS	1.18	0.88	1.21	0.77	0.66	0.12	0.57	0.46	0.73	0.64	0.07	0.61
Diluted EPS	1.18	0.88	1.21	0.77	0.66	0.12	0.57	0.46	0.73	0.64	0.07	0.61

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	—	—	1.4B	569.7M	1.6B	2.6B	2.7B	3.4B	3B	3.2B
Enterprise value	2.3B	—	—	2.2B	1.1B	1.9B	2.7B	3B	3.7B	3.4B	3.7B
Shares outstanding	74.4M	98.7M	130.8M	128.1M	127.2M	127.2M	127.2M	127.2M	128M	128.4M	128.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	4.92	—	—	3.41	—	8.77	4.39	4.23	9.2	9.4	12.2
P/S	0.86	—	—	0.71	0.43	1.02	1.07	1.05	1.37	1.36	1.48
P/B	1.53	—	—	1.1	0.53	1.31	1.51	1.45	1.82	1.6	1.81
EV/EBITDA	3.24	—	—	3.68	2.9	3.96	2.87	3.15	5.22	4.77	5.5
EV/Sales	1.19	—	—	1.1	0.85	1.22	1.13	1.16	1.52	1.54	1.72
Earnings yield	20.3%	—	—	29.4%	—	11.4%	22.8%	23.6%	10.9%	10.6%	8.22%
FCF yield	35.3%	—	—	15.1%	49.1%	19.2%	20%	16.8%	10.4%	12.7%	8.13%
PEG	—	—	—	—	—	—	—	—	—	—	0.37

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	22.8%	21.9%	20%	17.7%	10.1%	18.6%	30.6%	29.3%	20.7%	21.3%	22%
Operating margin	19.1%	18.5%	16.6%	14%	5.58%	14.2%	27.3%	26.2%	17.4%	17.6%	17%
Net margin	17.6%	16.9%	18.3%	20.7%	-9.72%	11.6%	24.3%	24.8%	14.9%	14.5%	12.3%
ROE	31.1%	26.4%	30.9%	32.2%	-12%	15%	34.4%	34.2%	19.7%	17.1%	15.2%
ROA	15.5%	13.7%	15.3%	15.7%	-5.96%	8.49%	21.6%	22.8%	12.5%	11.1%	7.76%
ROIC	21.5%	19.3%	20.1%	13.5%	4.56%	14.4%	32.8%	30.9%	18.5%	16.1%	14.8%
Return on tangible assets	17.7%	15.6%	17.3%	17.6%	-5.98%	8.53%	21.6%	22.8%	12.5%	11.1%	9.28%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.85	0.97	1.51	1.63	1.15	1.91	2.57	2.27	2.2	2.1	1.75
Quick ratio	0.66	0.76	1.33	1.12	0.88	1.57	2.27	1.71	1.68	1.41	1.32
Debt / equity	0.61	0.5	0.6	0.64	0.57	0.36	0.25	0.19	0.26	0.25	0.33
Debt / assets	0.3	0.26	0.3	0.31	0.28	0.21	0.16	0.13	0.17	0.16	0.2
Net debt / EBITDA	0.88	0.92	0.74	1.32	1.43	0.67	0.15	0.31	0.49	0.56	1.18
Interest coverage	12.1	8.73	10.1	9.87	-1.83	5.68	18.2	18.9	11.8	9.46	7.28
Effective tax rate	0%	0.07%	0.01%	0%	0%	0.23%	8.41%	1.28%	4.18%	5.58%	6.24%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	26	18.2	15.3	15.3	10.4	12.4	19	20.2	19.1	17.1	16.9
EPS (basic)	3.39	2.8	2.74	3.07	-1.02	1.36	4.39	4.81	2.77	2.4	2.4
EPS (diluted)	3.39	2.8	2.74	3.07	-1.02	1.36	4.39	4.81	2.77	2.4	2.05
Book value per share	14.7	11.7	9.08	9.88	8.43	9.64	13.4	14.6	14.5	14.5	13.8
FCF per share	7.93	4.16	3.52	1.63	2.2	2.43	4.06	3.55	2.73	2.96	2.66
Cash per share	0.54	0.07	1.87	0.28	0.44	0.96	2.33	0.47	1.07	0.55	0.86
Capex per share	0.02	0.02	0.02	0.01	0.03	0.06	0.06	0.03	0.18	2.05	1.98

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.06%	0.12%	0.12%	0.06%	0.28%	0.49%	0.31%	0.14%	0.94%	12%	11.7%
Capex / operating cash flow	0.17%	0.37%	0.36%	0.24%	1.46%	1.73%	0.92%	0.44%	2.9%	40.4%	41.7%
Payout ratio	73%	79.2%	75.1%	68.4%	-40.1%	28.4%	33.4%	57.3%	99.4%	106.3%	117.1%
Dividend yield	14.9%	—	—	20.1%	9.08%	3.24%	7.6%	13.5%	10.8%	11.3%	9.69%

Yield

9.69%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.60

ex-dividend Aug 7, 2026

Payout ratio

117%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 7, 2026	$0.60
May 8, 2026	$0.60
Feb 6, 2026	$0.60

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$636.5M	$625.4M	$651.7M	$593.4M	$613.6M	$590.1M	$540.5M	$547.5M	$571.4M	$535.5M	$516M	$551.6M
YoY change	+0.64%	-10.7%	-1.69%	-7.55%	-3.61%	-5.65%	-17.1%	-7.73%	-6.88%	-9.25%	-4.52%	+0.75%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	39.8M	6.8M	244.2M	36.5M	55.6M	122.4M	296M	59.8M	137M	71.2M
Receivables	152M	181.7M	174.9M	161.7M	104.6M	129.5M	241.4M	282.6M	166.8M	129.7M
Inventory	61.1M	60.3M	59.2M	101.3M	56.4M	60.3M	77.3M	127.6M	120.7M	142.6M
Total current assets	276.7M	281.6M	500.7M	319.6M	245.8M	339.2M	657.6M	516.1M	513.2M	430.1M
Property, plant & equipment	-1.3B	-1.5B	-1.5B	-1.7B	1.8B	-1.9B	-2B	-2.1B	-2.3B	-2.3B
Goodwill & intangibles	272.8M	272.8M	272.8M	272.8M	8.7M	8.7M	—	—	—	—
Total assets	2.2B	2.2B	2.4B	2.6B	2.2B	2.2B	2.7B	2.8B	2.9B	2.9B
Accounts payable	64.1M	97M	96.4M	80.6M	47.5M	69.6M	95.1M	108.3M	98.2M	81.8M
Short-term debt	177.1M	101M	138.7M	24.8M	75.8M	16.1M	25M	20.3M	22.3M	23.6M
Total current liabilities	326.9M	289.6M	330.9M	195.6M	214.6M	177.6M	255.6M	227.5M	233.1M	204.4M
Long-term debt	485M	473M	574.6M	784.7M	534M	431.3M	409.3M	330.5M	464.5M	441.7M
Total liabilities	1.1B	1.1B	1.2B	1.3B	1.1B	933.3M	1B	929.8M	1.1B	993.6M
Shareholders' equity	1.1B	1.2B	1.2B	1.3B	1.1B	1.2B	1.7B	1.9B	1.9B	1.9B
Total debt	662.1M	574M	713.3M	809.5M	609.8M	447.4M	434.3M	350.8M	486.8M	465.4M
Net debt	622.3M	567.3M	469.2M	773M	554.2M	325M	138.3M	291M	349.8M	394.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	197.2M	59.8M	134M	203.7M	195.4M	137M	81.3M	55M	94.5M	71.2M	28.9M	111.2M
Receivables	220.1M	282.6M	272.2M	226.4M	198.6M	166.8M	177.5M	177.7M	169.9M	129.7M	166.6M	200.8M
Inventory	135.9M	127.6M	162.2M	196.2M	177.5M	120.7M	138.8M	138.7M	130.6M	142.6M	143.6M	125.1M
Total current assets	587.9M	516.1M	630.9M	685M	626.5M	513.2M	476.5M	461.1M	486.1M	430.1M	408.7M	508.6M
Property, plant & equipment	-2.1B	-2.1B	-2.2B	-2.2B	-2.3B	-2.3B	2.2B	2.2B	2.2B	-2.3B	2.2B	2.2B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	2.8B	2.8B	3B	3.1B	3B	2.9B	2.9B	2.9B	2.9B	2.9B	2.9B	2.9B
Accounts payable	116.8M	108.3M	107.6M	131.5M	115.7M	98.2M	104.5M	98.2M	103.8M	81.8M	94.6M	90.5M
Short-term debt	38.6M	20.3M	76.4M	22M	22.3M	22.3M	22.8M	23.1M	23.4M	23.6M	69.8M	81.1M
Total current liabilities	274.1M	227.5M	304M	271.2M	265.2M	233.1M	246.9M	234.8M	255.6M	204.4M	280.3M	290.2M
Long-term debt	335.6M	330.5M	368.3M	476.1M	470.2M	464.5M	459.2M	453M	448.2M	441.7M	438M	509.8M
Total liabilities	961.1M	929.8M	1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	993.6M	1.1B	1.2B
Shareholders' equity	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.8B	1.8B	1.8B	1.9B	1.8B	1.8B
Total debt	374.2M	350.8M	444.7M	498.1M	492.4M	486.8M	482M	476.1M	471.5M	465.4M	507.8M	590.9M
Net debt	176.9M	291M	310.8M	294.4M	297M	349.8M	400.7M	421.1M	377.1M	394.2M	478.9M	479.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	339.5M	304.2M	367.5M	406.9M	-129.1M	183.4M	588.2M	636.2M	365.6M	317.3M
Depreciation & amortization	336.5M	269M	280.2M	309.1M	313.4M	264.8M	276.7M	268M	285.4M	299.4M
Stock-based compensation	13.9M	12.3M	12.1M	11.9M	3.3M	5.7M	11M	12.9M	10.6M	8.9M
Change in working capital	-12.9M	-14.2M	1.9M	-42.1M	56.8M	-13.1M	-102.3M	-104.5M	101.6M	-10.5M
Operating cash flow	682.7M	578.4M	668.7M	523.1M	258.5M	445.1M	814M	848.1M	796.1M	651.1M
Capital expenditure	1.2M	2.1M	2.4M	1.3M	3.8M	7.7M	7.5M	3.7M	-23.1M	-263.3M
Investing cash flow	-81M	-111.1M	-14.2M	-184.8M	-4M	-19.7M	-116.9M	-180.4M	-11.9M	-326M
Dividends paid	-247.9M	-240.8M	-275.9M	-278.4M	-51.8M	-52.2M	-196.3M	-364.6M	-363.4M	-337.2M
Share repurchases	0	0	-70.6M	-7.8M	0	-1.1M	0	-19.4M	-15.5M	-7.1M
Financing cash flow	-775.4M	-784.9M	-311.7M	-531.6M	-493.9M	-331.6M	-225.4M	-499.9M	-285.3M	-385.7M
Net change in cash	-173.8M	-317.6M	342.8M	-193.3M	-239.5M	93.8M	471.6M	167.8M	498.8M	-60.6M
Free cash flow	589.5M	411M	460.9M	209M	279.5M	309.2M	516M	451.3M	349.7M	380M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	—	209.9M	143.9M	105.5M	153M
Capital expenditure	-9M	14.2M	-1.7M	-2.1M	-10M	-9.3M	208K	-2.2M	-64.7M	-44.8M	-95.7M	-50M
Investing cash flow	-54.7M	-31.3M	3.3M	-1M	-4.1M	-10.1M	-6.3M	-6M	-83.4M	-76.4M	-106.4M	-65.8M
Dividends paid	-90.9M	-90.8M	-91.2M	-90.7M	-90.7M	-90.7M	-90.9M	-90.7M	-77.8M	-77.8M	-78M	-77.8M
Share repurchases	0	0	0	0	—	—	—	—	—	—	—	—
Financing cash flow	-144.9M	-117.4M	-15M	-43.5M	-103.1M	-108.1M	-108.3M	-102.9M	-87.7M	-79.8M	-40M	-178.4M
Net change in cash	-199.6M	-148.7M	-11.7M	-44.6M	-107.2M	-118.2M	-114.6M	-108.9M	38.8M	-12.3M	-40.9M	-91.2M
Free cash flow	109.3M	25.2M	84M	111.4M	88.5M	65.7M	58.9M	82M	144.4M	94.8M	8.1M	95.4M

Date	Ratio
Jun 17, 2014	2:1
Sep 16, 2005	2:1

Alliance Resource Partners, L.P. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history