Key Highlights

  • Alliance Resource Partners, L.P. set its third-quarter cash distribution at USD 0.60 per unit, payable November 13, 2026 to unitholders of record on November 6, 2026, which annualizes to USD 2.40 (calculated).
  • Distribution coverage hit 1.76x, as distributable Cash Flow of USD 136.8 million compared with USD 77.9 million of distributions paid. Last year's comparable figure was 1.36x, and the second quarter printed 1.38x.
  • Third-quarter Net Income per unit was USD 1.08, compared with USD 0.73 a year before, with Revenue at USD 603.0 million, while adjusted EBITDA of USD 241.8 million compares with USD 185.2 million a year earlier.
  • Total Debt to trailing adjusted EBITDA was 0.89x. At September 30, 2026, debt stood at USD 679.9 million and Liquidity at USD 430.8 million, while the holding of 673 bitcoins was valued at USD 56.3 million.

Distribution Schedule and Yield at Alliance Resource Partners, L.P. (NASDAQ:ARLP)

For the quarter, the Partnership is distributing USD 0.60 per unit, which totals USD 2.40 over a year, to holders on the register at November 6, 2026, with cash arriving November 13, 2026. The implied yield on the USD 25.25 price is 9.5% (calculated). Third-quarter distributions to partners totalled USD 77.9 million, level with the USD 77.8 million paid in the second quarter and in the year-earlier period.

Cash Flow Behind the Coverage Ratio at Alliance Resource Partners, L.P. (NASDAQ:ARLP)

For Alliance Resource Partners, L.P. (NASDAQ:ARLP), the measure that counts is distributable cash flow. It climbed to USD 136.8 million from USD 105.7 million twelve months before, so distributions absorb roughly 57% of it (calculated). Net income attributable to the partnership rose to USD 139.6 million from USD 95.1 million, and free cash flow hit USD 198.6 million. Coal Volume was 9.348 million tons sold at USD 53.93 per ton, versus USD 58.78, while segment adjusted EBITDA expense per ton dropped to USD 35.64 from USD 40.99. Royalties brought in USD 87.5 million of revenue, and oil and gas volumes climbed 61.3% to 1.450 million barrels of oil equivalent following the AllDale III and IV acquisition.

Leverage, Liquidity and Coal Commitments at Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Market Capitalization for Alliance Resource Partners, L.P. (NASDAQ:ARLP) sits near USD 3.25 billion. Total debt and finance leases came to USD 679.9 million, or 0.89x trailing adjusted EBITDA attributable to the partnership and 0.78x on a net basis, together with USD 84.8 million in cash and USD 346.0 million of borrowings still available. Capital spending totalled USD 59.0 million for the quarter, with USD 204.7 million across nine months. Committed and priced coal volumes total 35.0 million tons for 2026 and 31.7 million for 2027, of which 3.7 million and 3.0 million are exports. Risks centre on realized coal prices, export exposure, regulation and royalty-segment Commodity prices.

Where Things Stand

Alliance Resource Partners, L.P. (NASDAQ:ARLP) carries a distribution that is comfortably covered at 1.76x, with low Leverage leaving room for investment. Revised 2026 guidance points to coal sales of 34.50 million to 35.50 million tons, priced between USD 54.25 and USD 54.75 per ton, with per-ton segment adjusted EBITDA expense between USD 37.50 and USD 38.50 and oil output of 1.900 million to 2.000 million barrels in the Royalty business. With 35.0 million tons already committed and priced for 2026, near-term Earnings visibility is strong. The main uncertainty is that realized coal prices are lower than a year ago.