Alliance Resource Partners, L.P. Reports Third Quarter Financial and Operating Results

Alliance Resource Partners, L.P. (ARLP), a diversified energy company and the second largest coal producer in the eastern United States, has released its financial and operating results for the third quarter of 2025. The company also declared a quarterly cash distribution of $0.60 per unit and updated its guidance for 2025.

Financial Highlights

For the third quarter of 2025, ARLP reported a net income of $95.1 million, or $0.73 per basic and diluted limited partner unit, marking a 10.2% increase from the same period in 2024. The company's total revenues for the quarter were $571.4 million, a 6.9% decrease from the third quarter of 2024. Adjusted EBITDA for the quarter was $185.8 million, up 9.0% from the same period last year.

Business and Operational Highlights

ARLP's coal sales and production volumes saw significant increases, with 8.7 million tons sold and 8.4 million tons produced in the third quarter of 2025. The Appalachia Segment Adjusted EBITDA Expense per ton improved by 11.7% year-over-year and 12.1% sequentially. The company also invested $22.1 million as part of a $25.0 million commitment in a limited partnership that indirectly owns and operates a 2.7 gigawatt coal-fired power plant.

Strategic Initiatives and Corporate Developments

ARLP declared a quarterly cash distribution of $0.60 per unit, or $2.40 per unit annualized. The company ended the quarter with total liquidity of $541.8 million, including $94.5 million in cash and cash equivalents. ARLP also held 568 bitcoins valued at $64.8 million as of September 30, 2025.

Management's Perspective

Joseph W. Craft III, Chairman, President, and CEO, commented on the strong operational and financial performance in the third quarter, highlighting the significant infrastructure investments made over the past three years. He noted improvements in the Illinois Basin operations and the successful transition to a new longwall district at the Tunnel Ridge operation in Appalachia.

Future Outlook

ARLP expects the operating and financial results for the fourth quarter to match the outstanding third quarter results. The company has tightened its guidance ranges for coal sales volumes and per ton expenses, reflecting steady operational execution and continued cost improvements. ARLP's 2026 book now includes 29.1 million tons committed and priced, up 9% from the previous quarter.

Original SEC Filing: ALLIANCE RESOURCE PARTNERS LP [ ARLP ] - 8-K - Oct. 27, 2025