Nathan Martin

Mark Reichman

Dave Storms

David Joseph Storms

David Marsh

David Storms

Mark La Reichman

Michael Mathison

- 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)