A Business at a Glance
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ALLIANCE RESOURCE PARTNERS LP
ARLP
$3.2B
Mkt Cap
$24.71
-0.24%
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a current P/E ratio of 10.2, compared to its historical median P/E of 5.5. The stock is currently considered Expensive based on its historical valuation range.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a 5-year average return on invested capital (ROIC) of 23.7%. This indicates strong capital allocation and a potential competitive advantage.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a market capitalization of $3.2B. It is classified as a mid-cap stock.
ALLIANCE RESOURCE PARTNERS LP (ARLP) does not currently pay a regular dividend.
Based on historical P/E analysis, ALLIANCE RESOURCE PARTNERS LP (ARLP) appears expensive. The current P/E of 10.2 is 87% above its historical median of 5.5. The estimated fair value CAGR (P/E method) is 19.2%.
ALLIANCE RESOURCE PARTNERS LP (ARLP) operates in the Bituminous Coal & Lignite Surface Mining industry, within the Materials sector.
ALLIANCE RESOURCE PARTNERS LP (ARLP) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
We are a diversified natural resource company that generates operating and royalty income from the production and marketing of coal to major domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests located in key producing regions across the United States. Our core objective is to maximize the value of our mineral asset base—both through coal production from our mining operations and through the leasing and development of our coal and oil & gas mineral interests. Our strategy is to provide reliable, baseload fuel for electricity generating customers while positioning the Partnership for long-term growth through investments in energy and related infrastructure. Leveraging our relationships with electric utilities, industrial customers, and government partners, we intend to pursue strategic opportunities that complement our operational strengths.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.2B | 2.4B | 2.6B | 2.4B | 1.6B |
| Net Income | 311M | 311M | 361M | 630M | 586M | 183M |
| EPS | $2.42 | $2.42 | $2.80 | $4.91 | $4.58 | $1.40 |
| Free Cash Flow | 388M | 388M | 374M | 445M | 516M | 309M |
| ROIC | 16.2% | 16.5% | 17.6% | 33.8% | 36.5% | 14.2% |
| Gross Margin | 36.8% | 36.8% | 32.5% | 41.1% | 43.9% | 40.3% |
| Debt/Equity | 0.25 | 0.25 | 0.27 | 0.19 | 0.26 | 0.37 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 385M | 385M | 394M | 672M | 667M | 224M |
| Operating Margin | 17.6% | 17.6% | 16.1% | 26.2% | 27.6% | 14.2% |
| ROE | 16.9% | 16.9% | 19.7% | 35.8% | 40.5% | 16.1% |
| Shares Outstanding | 129M | 129M | 129M | 128M | 128M | 127M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.3B | 2.3B | 1.9B | 1.8B | 2.0B | 2.0B | 1.3B | 1.6B | 2.4B | 2.6B | 2.4B | 2.2B | 2.2B |
| Gross Margin | 39.9% | 39.0% | 41.9% | 39.2% | 39.7% | 39.7% | 35.3% | 40.3% | 43.9% | 41.1% | 32.5% | 36.8% | 36.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 73M | 67M | 73M | 62M | 68M | 73M | 60M | 70M | 80M | 79M | 82M | 83M | 83M |
| EBIT | 544M | 361M | 368M | 332M | 372M | 259M | -83M | 224M | 667M | 672M | 394M | 385M | 385M |
| Op. Margin | 23.7% | 15.9% | 19.1% | 18.5% | 18.6% | 13.2% | -6.2% | 14.2% | 27.6% | 26.2% | 16.1% | 17.6% | 17.6% |
| Net Income | 497M | 306M | 339M | 304M | 367M | 399M | -129M | 183M | 586M | 630M | 361M | 311M | 311M |
| Net Margin | 21.6% | 13.5% | 17.6% | 16.9% | 18.3% | 20.4% | -9.7% | 11.6% | 24.2% | 24.5% | 14.7% | 14.2% | 14.2% |
| Non-Recurring | 4.4M | 1K | 76K | 696K | 1.3M | -109K | 138M | 6.6M | 3.7M | 37M | 25M | 6.4M | 6.4M |
| Returns on Capital | |||||||||||||
| ROIC | 20.6% | 20.2% | 21.9% | 20.6% | 23.1% | 14.4% | -7.2% | 14.2% | 36.5% | 33.8% | 17.6% | 16.5% | 16.2% |
| ROE | 53.3% | 30.6% | 32.7% | 27.2% | 31.5% | 32.8% | -11.2% | 16.1% | 40.5% | 35.8% | 19.7% | 16.9% | 16.9% |
| ROA | 22.6% | 13.2% | 14.9% | 13.8% | 15.9% | 16.0% | -5.4% | 8.3% | 23.7% | 22.8% | 12.7% | 10.8% | 10.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 739M | 716M | 704M | 556M | 694M | 515M | 401M | 432M | 802M | 824M | 803M | 651M | 651M |
| Free Cash Flow | 432M | 504M | 612M | 411M | 461M | 209M | 280M | 309M | 516M | 445M | 374M | 388M | 388M |
| Owner Earnings | 453M | 380M | 353M | 275M | 402M | 194M | 84M | 162M | 515M | 543M | 507M | 343M | 343M |
| CapEx | 307M | 213M | 91M | 145M | 233M | 306M | 121M | 123M | 286M | 379M | 429M | 263M | 263M |
| Maint. CapEx | 275M | 324M | 337M | 269M | 280M | 309M | 313M | 265M | 277M | 268M | 285M | 299M | 299M |
| Growth CapEx | 33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.7M | 111M | 143M | 0 | 0 |
| D&A | 275M | 324M | 337M | 269M | 280M | 309M | 313M | 265M | 277M | 268M | 285M | 299M | 299M |
| CapEx/OCF | 41.6% | 29.7% | 12.9% | 26.1% | 33.6% | 59.4% | 30.2% | 28.9% | 35.7% | 46.0% | 53.4% | 40.4% | 40.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 71M | 23M | 0 | 0 | 0 | 19M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9% | N/A | N/A | 0.0% |
| Stock-Based Comp | 11M | 13M | 14M | 12M | 12M | 12M | 3.3M | 5.7M | 11M | 13M | 11M | 8.9M | 8.9M |
| Debt Repayment | 452M | 308M | 270M | 440M | 100M | 320M | 238M | 103M | 0 | 12M | 11M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 797M | 784M | 510M | 482M | 412M | 762M | 552M | 327M | 138M | 291M | 350M | 394M | 394M |
| Cash & Equiv. | 25M | 33M | 40M | 6.8M | 244M | 36M | 56M | 122M | 296M | 60M | 137M | 71M | 71M |
| Long-Term Debt | 591M | 578M | 399M | 416M | 564M | 768M | 519M | 419M | 397M | 317M | 451M | 427M | 427M |
| Debt/Equity | 0.81 | 0.83 | 0.50 | 0.43 | 0.55 | 0.64 | 0.57 | 0.37 | 0.26 | 0.19 | 0.27 | 0.25 | 0.25 |
| Interest Coverage | 16.2 | 11.6 | 12.0 | 8.4 | 9.3 | 5.7 | -1.8 | 5.7 | 17.9 | 18.6 | 11.2 | 9.7 | 9.7 |
| Equity | 1.0B | 987M | 1.1B | 1.1B | 1.2B | 1.3B | 1.1B | 1.2B | 1.7B | 1.8B | 1.8B | 1.8B | 1.8B |
| Total Assets | 2.3B | 2.4B | 2.2B | 2.2B | 2.4B | 2.6B | 2.2B | 2.2B | 2.7B | 2.8B | 2.9B | 2.9B | 2.9B |
| Total Liabilities | 1.3B | 1.4B | 1.1B | 1.1B | 1.2B | 1.3B | 1.1B | 933M | 1.0B | 930M | 1.1B | 994M | 994M |
| Intangibles | 25M | 21M | 27M | 16M | 9.3M | 9.7M | 6.0M | 2.2M | 1.0M | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | -80M | -108M | -50M | -8.0M | 170M | 124M | 31M | 162M | 402M | 289M | 280M | 226M | 226M |
| Current Assets | 341M | 315M | 277M | 282M | 501M | 320M | 246M | 339M | 658M | 516M | 513M | 430M | 430M |
| Current Liabilities | 421M | 423M | 327M | 290M | 331M | 196M | 215M | 178M | 256M | 227M | 233M | 204M | 204M |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.40 | 4.58 | 4.91 | 2.80 | 2.42 | 2.42 |
| Owner EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.27 | 4.02 | 4.23 | 3.94 | 2.66 | 2.66 |
| Book Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.55 | 13.13 | 14.28 | 14.25 | 14.32 | 14.32 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.34 | 6.27 | 6.42 | 6.24 | 5.06 | 4.75 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 127.2M | 128.1M | 128.4M | 128.7M | 128.7M | 128.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.5 | 3.1 | 3.3 | 8.2 | 9.5 | 10.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.2 | 3.5 | 4.7 | 7.9 | 7.6 | 8.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.4 | 2.5 | 3.5 | 8.0 | 8.5 | 9.3 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 | 1.1 | 1.1 | 1.6 | 1.6 | 1.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 | 0.7 | 0.8 | 1.0 | 1.4 | 1.4 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 31.7% | 28.7% | 21.3% | 12.7% | 13.1% | 12.2% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 974M | 1.8B | 2.1B | 2.9B | 3.0B | 3.2B |
| Avg. Price | 14.63 | 9.84 | 7.06 | 9.05 | 9.26 | 8.91 | 2.76 | 4.87 | 12.89 | 14.99 | 19.62 | 23.79 | 24.71 |
| Year-End Price | 14.30 | 5.21 | 9.49 | 8.86 | 9.05 | 6.58 | 2.62 | 7.66 | 14.04 | 16.28 | 22.88 | 22.94 | 24.71 |
ALLIANCE RESOURCE PARTNERS LP passes 6 of 9 quality checks, suggesting mixed fundamentals.
ALLIANCE RESOURCE PARTNERS LP trades at 10.2x trailing earnings, compared to its 15-year median P/E of 5.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 8.2x vs a median of 4.7x. The company's 5-year average ROIC is 23.7% with a gross margin of 38.9%. At current prices, the estimated annualized return to fair value is +6.2%.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a net profit margin of 14.2%. This is a healthy margin.
ALLIANCE RESOURCE PARTNERS LP (ARLP) generated $388 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
ALLIANCE RESOURCE PARTNERS LP (ARLP) reported earnings per share (EPS) of $2.42 in its most recent fiscal year.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a return on equity (ROE) of 16.9%. This indicates the company generates strong returns for shareholders.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a 5-year average gross margin of 38.9%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for ALLIANCE RESOURCE PARTNERS LP (ARLP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALLIANCE RESOURCE PARTNERS LP (ARLP) has a book value per share of $14.32, based on its most recent annual SEC filing.