ALLIANCE RESOURCE PARTNERS LP (ARLP) SEC Filings

Alliance Resource Partners generated second‑quarter 2026 revenues of $551,560 thousand, slightly above a year earlier, and net income attributable to ARLP of $79,562 thousand versus $59,410 thousand in 2025, with earnings per limited partner unit of $0.61 (up from $0.46). Results reflected lower coal sales but higher oil & gas royalties and equity‑method income, partly offset by an adverse change in the fair value of digital assets.

For the first six months of 2026, revenues were $1,067,577 thousand and net income attributable to ARLP was $88,656 thousand, down from $133,393 thousand, primarily due to a $37,820 thousand impairment after the decision to cease longwall production at the Mettiki mining complex and negative digital‑asset fair‑value movements. Operating cash flow was $258,520 thousand, funding $181,150 thousand of investing outflows, including $22,000 thousand of Permian oil & gas royalty acquisitions, while total long‑term debt including current maturities rose to $589,982 thousand. ARLP also closed the $206.2 million AllDale III & IV mineral and royalty acquisition on July 1, 2026, further expanding its oil & gas royalty portfolio and increasing its consolidation of related variable interest entities. The partnership held 645.96 Bitcoin with a fair value of $37,858 thousand at June 30, 2026 and paid year‑to‑date cash distributions of $1.80 per unit.

Alliance Resource Partners LP director Ronna R. McDaniel purchased 3,000 common units in an open-market transaction on July 31, 2026 at $26.115 per unit. After this trade, she directly owns 3,000 common units of ARLP.

Alliance Resource Partners, L.P. reported strong results for the quarter ended June 30, 2026, with net income attributable to ARLP up 33.9% to $79.6 million ($0.61 per unit) on total revenues of $551.6 million. Adjusted EBITDA rose 14.7% to $185.7 million, helped by record oil & gas royalty revenues, higher coal sales volumes and lower segment operating costs per ton.

Total coal tons sold grew to 8.6 million, while average coal price per ton declined to $54.87 as mix shifted toward lower-priced Appalachia tons. The Royalties segment delivered record oil & gas revenue of $46.3 million and Segment Adjusted EBITDA of $38.0 million. The Board declared a $0.60 per unit quarterly cash distribution, giving a Distribution Coverage Ratio of 1.39x.

On July 1, 2026, ARLP closed the $206.2 million AllDale III & IV oil & gas royalty acquisition, adding about 48,500 net royalty acres across major U.S. basins. As of June 30, 2026, total debt and finance leases were $590.2 million, total liquidity was $424.0 million, and the total leverage ratio was 0.82x. Management increased full-year 2026 oil & gas royalty volume guidance and emphasized a strategy focused on leverage reduction and disciplined acquisitions.

Alliance Resource Partners, L.P. entered into a related party Master Supply, Distribution and Services Agreement on July 1, 2026 through its subsidiary Matrix Design Africa (PTY) LTD with Saminco Solutions LLC.

The agreement allows Matrix Design Africa to act as a non-exclusive distributor for certain products in Africa and other territories outside the United States, purchase products, and obtain repair and refurbishment services from Saminco. Saminco may also buy products from Matrix Design Africa for incorporation into its own products.

The Master Supply Agreement has an initial five-year term with automatic one-year renewals, and can be terminated without cause on 90 days’ notice. Because Saminco is affiliated with ARLP’s President and CEO, the Conflicts Committee of the Board, composed entirely of independent directors, reviewed the terms and determined the transactions were fair and reasonable to the partnership and its unitholders.

Alliance Resource Partners, L.P. completed a roughly $206.2 million acquisition of additional general and limited partner interests in AllDale Minerals III & IV. The deal was funded with cash on hand, borrowings under its revolving credit facility, and a new $150 million Term Loan at subsidiary Alliance Minerals, LLC.

Following the transaction, the partnership holds 100% of the non‑economic general partner interests, a 46.92% limited partner interest in AllDale III, and a 78.57% limited partner interest in AllDale IV. It now controls about 115,680 net royalty acres in its Oil & Gas Royalties segment, including over 44,770 net royalty acres in the Permian Basin.

The Term Loan matures on January 1, 2028, with quarterly principal payments of $18.75 million beginning in the quarter ending September 30, 2026, and bears interest at SOFR or a Base Rate plus a margin tied to outstanding principal. Related‑party contribution and exchange transactions with entities linked to CEO Joseph W. Craft III were reviewed and approved by an independent conflicts committee.

Alliance Resource Partners, L.P. has entered into definitive agreements to acquire additional general and limited partner interests in AllDale Minerals III & IV for approximately $206.2 million. The deal values AllDale III & IV at an aggregate gross valuation of about $410.0 million, with the remaining value reflecting interests already owned by Alliance and entities related to Joseph W. Craft III.

Upon closing, Alliance’s aggregate economic interest in AllDale III & IV is expected to increase from roughly 5% to 61%, and it will own 100% of the non‑economic general partner interests through a wholly owned subsidiary. The acquisition is expected to be funded with cash on hand and borrowings under a new financing arrangement and the existing credit facility, with management stating it expects to keep pro forma leverage below 1.0x.

Certain Craft‑related entities will acquire an additional $100.0 million of limited partner interests in AllDale III on substantially the same terms as Alliance, making this a related party transaction. A conflicts committee of independent directors reviewed and approved the structure, determining it to be fair and reasonable and in the best interests of the partnership and its unitholders.

Alliance Resource Partners, L.P. reported lower quarterly results for the three months ended March 31, 2026. Total revenues decreased 4.5% to $516,017 (in thousands), mainly from lower coal sales pricing partly offset by record oil & gas royalties and slightly higher coal volumes.

Net income attributable to ARLP fell to $9,094 (in thousands), or $0.07 per unit, from $73,983 (in thousands), or $0.57 per unit, primarily due to a $37,820 (in thousands) non-cash impairment at the Mettiki mine, higher depreciation, and an $11,629 (in thousands) negative fair value change in bitcoin holdings.

Segment Adjusted EBITDA was relatively stable at $179,049 (in thousands). Illinois Basin coal EBITDA declined on weaker pricing and higher costs, while Appalachia coal, Oil & Gas Royalties, and Coal Royalties all improved. The partnership invested in additional Permian Basin royalty acreage and Tunnel Ridge coal reserves and ended the quarter with $507,455 (in thousands) of long-term debt principal outstanding.

Alliance Resource Partners, L.P. reported first‑quarter 2026 results showing sharply lower GAAP earnings but resilient cash generation and strong royalty growth. Total revenues were $516.0 million, down 4.5% from the first quarter of 2025, as lower coal pricing more than offset higher volumes and record oil & gas royalties.

Net income attributable to ARLP fell to $9.1 million, or $0.07 per unit, from $74.0 million, or $0.57 per unit, a decline driven by weaker coal sales, higher depreciation, an $11.6 million unfavorable change in digital asset fair value and a $37.8 million non‑cash impairment tied to ceasing longwall production and uncertainty at the Mettiki mine. Adjusted EBITDA slipped only 3.1% year over year to $155.0 million.

The royalties business was a bright spot. Total royalty revenues rose to $61.2 million, up 16.1% year over year, with Oil & Gas Royalties Segment Adjusted EBITDA increasing to $34.6 million on 16.1% higher BOE volumes. ARLP ended the quarter with $507.7 million of total debt, total liquidity of $431.2 million, and held 618 bitcoins valued at $42.2 million.

The board declared a quarterly cash distribution of $0.60 per unit, annualized at $2.40 per unit. Management reaffirmed a largely contracted coal sales book for 2026, highlighted recovery from weather‑related shipment delays, and raised full‑year 2026 oil & gas volume guidance while maintaining detailed cost and capital expenditure targets.

Alliance Resource Partners, L.P. reported that its indirect subsidiary River View Coal LLC received an imminent danger order from the Mine Safety and Health Administration at the River View Mine on April 1, 2026, under Section 107(a) of the Federal Mine Safety and Health Act of 1977.

The order involved maintenance work on a shuttle car that was determined not to be adequately blocked against motion. Miners were removed from the area, corrective actions were taken, and MSHA terminated the order later the same day. No injuries occurred, and the partnership reserves the right to contest the order and any related citation or proposed assessment.