Nathan Martin

Mark Reichman

Dave Storms

David Joseph Storms

David Marsh

David Storms

Mark La Reichman

Matthew Key

Michael Matheson

Tim Snyder

Michael Mathison

- Alliance Resource Partners (ARLP) reported **Q3 2025 total revenues of $571.4 million**, **net income attributable to ARLP of $95.1 million**, and **Adjusted EBITDA of $185.8 million**.  **[0001086600_2205365_1]** **[0001086600_2205365_2]** 
- Total coal sales volumes increased **3.9%** year-over-year to **8.7 million tons** at an average sales price of **$58.78 per ton**.  **[0001086600_2205365_1]** 
- The company tightened its full-year 2025 sales guidance to **32.5 to 33.25 million tons** and updated segment-adjusted EBITDA expense per ton guidance for Appalachia to **$60 to $62 per ton** and Illinois Basin to **$34 to $36 per ton**.  **[0001086600_2205365_3]** 
- ARLP anticipates increasing sales volumes by approximately **2 million tons** in 2026, driven by strong market fundamentals and growing electricity demand from data centers.  **[0001086600_2205365_9]** **[0001086600_2205365_4]** 
- For Q3 2025, the company declared a quarterly cash distribution of **$0.60 per unit**, with a calculated distribution coverage ratio of **1.37 times**.  **[0001086600_2205365_3]** **[0001086600_2205365_5]**

Alliance Resource Partners Reports Q3 2025 Results and Updates 2025 Guidance

- Alliance Resource Partners (ARLP) reported **Q3 2025 total revenues of $571.4 million** and **Adjusted EBITDA of $185.8 million**, an increase of **9%** from Q3 2024.  **[0001086600_2205376_1]** **[0001086600_2205376_2]**  Net income attributable to ARLP was **$95.1 million**.  **[0001086600_2205376_2]** 
- Coal sales volumes for Q3 2025 increased **3.9% year-over-year to 8.7 million tons**, while the average coal sales price per ton decreased **7.5% to $58.78** compared to Q3 2024.  **[0001086600_2205376_1]** 
- The company updated its **2025 guidance for segment adjusted EBITDA expense per ton** to **$60 to $62 for Appalachia** and **$34 to $36 for Illinois Basin**, reflecting operational improvements at mines like Tunnel Ridge and Hamilton.  **[0001086600_2205376_3]** **[0001086600_2205376_4]** 
- ARLP has **32.8 million tons committed and priced for 2025** and **29.1 million tons for 2026**, with expectations for a **2 million ton increase in sales volume for 2026** driven by strong market demand from data centers and a favorable market outlook.  **[0001086600_2205376_3]** **[0001086600_2205376_8]** 
- ARLP maintained a strong financial position with **$541.8 million in total liquidity** as of September 30, 2025, and declared a **quarterly cash distribution of $0.60 per unit**, resulting in a **1.37x distribution coverage ratio**.  **[0001086600_2205376_3]**

Alliance Resource Partners Reports Q3 2025 Financial and Operational Results

- Alliance Resource Partners reported **total revenues of $571.4 million** for Q3 2025, an increase of **4.4%** compared to the sequential quarter, driven by higher coal sales volumes and prices.  **[0001086600_2205447_1]** 
- **Net income attributable to ARLP was $95.1 million**, and **Adjusted EBITDA reached $185.8 million**, representing a **9% increase** from Q3 2024 and a **14.8% increase** sequentially.  **[0001086600_2205447_2]** 
- Total coal sales volumes for Q3 2025 increased by **3.9% to 8.7 million tons** compared to Q3 2024, with the average coal sales price per ton at **$58.78**.  **[0001086600_2205447_1]**  Operational improvements at Tunnel Ridge contributed to a **19.3% sequential decrease** in cost per ton sold in Appalachia.  **[0001086600_2205447_4]** 
- The company tightened its full-year 2025 sales guidance to **32.5 to 33.25 million tons** and increased the low end of coal sales pricing guidance ranges for both the Illinois Basin and Appalachia.  **[0001086600_2205447_3]**  For 2026, **29.1 million sales tons are already contracted and priced**, and the company anticipates a potential **2 million ton increase** in total sales volume compared to 2025.  **[0001086600_2205447_3]** **[0001086600_2205447_8]** 
- ARLP invested **$22.1 million** in a limited partnership that indirectly acquired a coal-fired plant in the PJM service area, positioning the company to benefit from tightening power markets and growing demand for reliable base load generation.  **[0001086600_2205447_5]**

Alliance Resource Partners Reports Q3 2025 Results

- Alliance Resource Partners reported **Q3 2025 total revenues of $571.4 million** and **Adjusted EBITDA of $185.8 million**, marking a 9% increase year-over-year and 14.8% sequentially.  **[0001086600_2205517_1]** **[0001086600_2205517_2]**  Net income attributable to ARLP was **$95.1 million**.  **[0001086600_2205517_2]** 
- Total coal production increased **8.5%** year-over-year to **8.4 million tons**, and total coal sales volumes rose **3.9%** to **8.7 million tons**.  **[0001086600_2205517_1]**  Operational improvements, particularly at Tunnel Ridge, led to an **11.7% improvement** in Appalachia's segment-adjusted EBITDA expense per ton compared to Q3 2024.  **[0001086600_2205517_2]** **[0001086600_2205517_4]** 
- The company tightened its full-year 2025 sales guidance to **32.5 million tons to 33.25 million tons** and has already contracted and priced **29.1 million sales tons for 2026**.  **[0001086600_2205517_3]**  Management anticipates a **2 million ton increase** in total overall sales in 2026 compared to 2025, without requiring additional personnel.  **[0001086600_2205517_8]** **[0001086600_2205517_9]** 
- Strong U.S. coal demand is driven by rapid electricity growth from data centers, with utility coal consumption increasing **15% in MISO** and **16% in PJM** year-to-date.  **[0001086600_2205517_4]**  ARLP also invested **$22.1 million** in a limited partnership that acquired a coal-fired plant in the PJM service area.  **[0001086600_2205517_5]**

Alliance Resource Partners Reports Strong Q3 2025 Results and Positive 2026 Outlook

- Alliance Resource Partners, L.P. (ARLP) reported **Q3 2025 revenue of $571.4 million**, **net income of $95.1 million**, and **Adjusted EBITDA of $185.8 million**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]**  Net income per unit was **$0.73**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]**  Compared to the prior year, net income increased **10.2%**, while total revenues decreased **6.9%**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]**  Sequentially, revenue, net income, and Adjusted EBITDA increased by **4.4%**, **60.1%**, and **14.8%**, respectively.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]** 
- Coal sales volumes increased **3.9%** year-over-year to **8.7 million tons**, and coal production rose **8.5%** year-over-year to **8.4 million tons**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]** **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:1]**  The Appalachia Segment Adjusted EBITDA Expense per ton improved **11.7% year-over-year** and **12.1% sequentially**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]** 
- ARLP declared a quarterly cash distribution of **$0.60 per unit**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]** **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:4]**  The company **tightened its 2025 full-year guidance** for coal sales volumes and per ton expenses, projecting total sales tons between **32.50 \u2014 33.25 million short tons**.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:4]** **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:6]** 
- During Q3 2025, ARLP invested **$22.1 million** as part of a $25.0 million commitment in a limited partnership that indirectly owns and operates a coal-fired power plant.  **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:0]** **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:1]** **[1086600_0001104659-25-102328_arlp-20251027xex99d1.htm:3]**

Alliance Resource Partners, L.P. Reports Q3 2025 Financial and Operating Results, Declares Distribution, and Updates Guidance

- **Alliance Resource Partners, L.P. (ARLP)** reported **third quarter 2025 revenue of $571.4 million**, **net income of $95.1 million**, and **Adjusted EBITDA of $185.8 million**, which increased sequentially by 4.4%, 60.1%, and 14.8%, respectively.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_0]** 
- **Coal sales volumes increased 3.9% year-over-year to 8.7 million tons sold** and **production volumes rose 3.8% sequentially to 8.4 million tons** in the third quarter of 2025.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_0]** **[1086600_cd3592c69a034ea0bf1481cf00a5210a_1]**  The Appalachia Segment Adjusted EBITDA Expense per ton improved **11.7% year-over-year** and **12.1% sequentially**.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_0]** 
- ARLP declared a **quarterly cash distribution of $0.60 per unit**, or **$2.40 per unit annualized**, payable on November 14, 2025.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_0]** **[1086600_cd3592c69a034ea0bf1481cf00a5210a_6]** 
- The company updated its **full-year 2025 guidance**, tightening ranges for coal sales volumes and per-ton expenses, and adjusting Oil & Gas Royalties BOE volume guidance.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_7]** **[1086600_cd3592c69a034ea0bf1481cf00a5210a_8]** 
- ARLP invested **$22.1 million** in a limited partnership that indirectly owns and operates a coal-fired power plant and ended the quarter with **total liquidity of $541.8 million**, including **$94.5 million of cash and cash equivalents**.  **[1086600_cd3592c69a034ea0bf1481cf00a5210a_0]** **[1086600_cd3592c69a034ea0bf1481cf00a5210a_6]**

Alliance Resource Partners, L.P. Reports Third Quarter 2025 Results and Updates Guidance

- Alliance Resource Partners (ARLP) is a **Master Limited Partnership (MLP)**, celebrating its **26th year** as a publicly traded entity, with a current market capitalization of approximately **$3.5 billion**.  **[0001086600_2172519_1]** 
- The company operates three main business segments: **legacy coal operations**, which generate **80% to 85% of its cash flow**; a growing portfolio of **oil and gas mineral interests**, contributing **15% to 20% of cash flows** and generating **$115 million of segment-adjusted EBITDA in 2024**; and **other growth investments**, including an energy technology company (Matrix), Bitcoin mining (BitTiki), and a recent equity investment in the Gavin Coal-Fired Power Plant.  **[0001086600_2172519_1]** **[0001086600_2172519_2]** **[0001086600_2172519_5]** 
- ARLP is positioned as a **low-cost producer** in the coal industry, benefiting from policy tailwinds that support grid reliability and anticipate increased U.S. electricity demand. The company projects **92% of its 2025 coal sales** will be to the domestic market, driven by more attractive pricing and stability compared to export markets.  **[0001086600_2172519_2]** **[0001086600_2172519_3]** 
- The company's capital allocation priorities include maintaining a **strong balance sheet** (0.8 times gross debt to trailing 12 months adjusted EBITDA), investing **$285 million to $320 million** in coal operations in 2025, reinvesting approximately **$100 million** in oil and gas royalties, and providing **cash distributions to unitholders**.  **[0001086600_2172519_6]**

ALLIANCE RESOURCE PARTNERS (ARLP)