ARLP

Energy

Alliance Resource Partners, L.P. · Coal · $3B

UQS Score — Balanced Preset
49.7
Below Average

Alliance Resource Partners, L.P. scores 49.7/100 using the Balanced preset.

UQS vs Energy Sector
ARLP
49.7
Sector avg
43.5
Quality
Neutral
Moat
Weak
Growth
Weak
Risk
Good
Valuation
Attractive

What is Alliance Resource Partners, L.P.?

Alliance Resource Partners, L.P. is a diversified natural resource company focused on coal production and royalty income across the United States. Headquartered in Tulsa, Oklahoma, ARLP operates as a master limited partnership serving utilities and industrial customers.

ARLP produces and markets thermal and metallurgical coal through seven underground mining complexes across Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. Beyond coal mining, the company generates royalty income from oil and gas mineral interests spanning roughly 1.5 million gross acres in the Permian, Anadarko, and Williston Basins. It also operates a coal loading terminal on the Ohio River and offers mining technology products including tracking systems and data analytics software.

The partnership was formed in 1999 and is headquartered in Tulsa, Oklahoma.

  • Thermal and metallurgical coal production from Illinois Basin and Appalachian operations
  • Oil and gas royalty interests across major U.S. producing basins
  • Coal royalty income from leased mineral rights
  • Coal loading and logistics terminal on the Ohio River
  • Mining technology products including proximity detection and data analytics systems

Is ARLP a Good Stock to Buy?

UQS Score rates ARLP as Good overall, reflecting a balanced profile with meaningful strengths offset by structural headwinds.

The Quality and Risk pillars both register as Good, suggesting the partnership maintains reasonable financial discipline and manageable risk relative to its sector peers. The Valuation pillar is rated Attractive, meaning the units appear priced favorably compared to the underlying business fundamentals.

The Moat and Growth pillars both register as Weak — coal faces long-term demand pressure from the energy transition, and ARLP's competitive differentiation is limited in a commoditized market.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does ARLP pay dividends?

Yes — Alliance Resource Partners, L.P. pays a dividend.

ARLP pays a regular distribution to unitholders, consistent with its master limited partnership structure, which is designed to return cash to investors. The partnership's coal operations generate meaningful cash flow that supports this distribution cadence. Income-focused investors often consider ARLP for its yield, though distribution levels can fluctuate with coal prices and operational performance.

When does ARLP report earnings?

Alliance Resource Partners reports financial results on a quarterly cadence, typical for U.S.-listed partnerships.

ARLP's results tend to reflect coal price cycles, contract volumes with utility customers, and contributions from its growing oil and gas royalty segment. The royalty business has provided some diversification relative to pure-play coal producers.

For the most recent quarter's results and guidance, visit Alliance Resource Partners' investor relations page directly.

ARLP Price History

+571.8% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Alliance Resource Partners, L.P.?

$
Today it would be worth
$70,829
That's a +608% total return, or +47.9% annualized.

Based on Alliance Resource Partners, L.P.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

ARLP Long-term Outlook

The Growth pillar's Weak rating reflects the structural challenges facing thermal coal demand as utilities shift toward cleaner energy sources over time. However, the Attractive Valuation and Good Risk profile suggest the market may already be pricing in significant headwinds. The oil and gas royalty segment represents a potential diversification lever that could partially offset coal volume pressure over the medium term.

Growth drivers

  • Expanding oil and gas royalty income from Permian, Anadarko, and Williston Basin interests
  • Contracted coal volumes with utility customers providing near-term revenue visibility
  • Mining technology products offering a nascent revenue stream beyond commodity exposure

Key risks

  • Accelerating energy transition reducing long-term thermal coal demand from utilities
  • Coal price volatility directly impacting cash flow available for distributions
  • Regulatory and environmental policy changes affecting coal mining operations

ARLP vs Peers

ARLP competes in the U.S. coal sector alongside several publicly traded producers, each with distinct operational profiles.

BTUARLP scores higher
Peabody Energy Corporation

Peabody operates as a corporation rather than a partnership and has a larger global footprint including Australian metallurgical coal exports.

AMRARLP scores higher
Alpha Metallurgical Resources, Inc.

Alpha focuses almost exclusively on metallurgical coal for steelmaking, giving it a different demand profile than ARLP's utility-heavy thermal coal business.

CNRARLP scores higher
Core Natural Resources, Inc.

Core Natural Resources combines coal and natural resource operations with a focus on Appalachian markets, overlapping with ARLP's eastern mining segment.

Frequently Asked Questions

What does Alliance Resource Partners do?

Alliance Resource Partners produces and markets coal — both thermal and metallurgical grades — to utilities and industrial customers across the United States. The company also earns royalty income from oil and gas mineral interests and operates mining technology businesses, making it more diversified than a pure-play coal miner.

Does ARLP pay dividends?

Yes, ARLP pays regular distributions to unitholders as a master limited partnership. The MLP structure is specifically designed to pass cash flow through to investors. Distribution amounts can vary based on coal market conditions and the partnership's financial performance each quarter.

When does ARLP report earnings?

Alliance Resource Partners follows a standard quarterly reporting schedule. Exact dates are announced in advance on the company's investor relations page, which is the most reliable source for upcoming earnings release timing.

Is ARLP a good stock to buy?

UQS Score rates ARLP as Good overall. The Valuation pillar is Attractive and both Quality and Risk score as Good, which may appeal to income-focused investors. However, the Weak Moat and Weak Growth pillars reflect real structural challenges in the coal industry. The full pillar breakdown is available to Pro members.

Is ARLP overvalued?

Based on the UQS Valuation pillar, ARLP is rated Attractive — meaning the units appear to be priced favorably relative to the underlying business. That said, valuation in commodity-linked businesses can shift quickly with energy prices, so context matters. View the complete valuation analysis with a Pro account.

How does ARLP compare to its competitors?

ARLP differentiates itself through its MLP structure, which prioritizes cash distributions, and its diversification into oil and gas royalties. Peers like Peabody Energy and Alpha Metallurgical Resources operate as corporations with different capital return approaches and coal mix profiles. See side-by-side UQS pillar comparisons on each competitor's page.

What is ARLP's market cap bracket?

Alliance Resource Partners is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap peers while remaining smaller than the major diversified energy conglomerates that dominate the sector.

Who founded Alliance Resource Partners?

Alliance Resource Partners was formed as a master limited partnership in 1999, with roots in coal operations that trace back to 1971. Detailed founding history is publicly available through the company's official filings and investor relations materials.

Is ARLP a long-term quality investment?

From a long-term quality perspective, the UQS framework flags both Weak Moat and Weak Growth as meaningful concerns — coal faces structural demand decline as the energy transition progresses. The Good Quality and Risk scores suggest operational discipline today, but long-term durability depends heavily on how the royalty diversification strategy develops.

What is the main competitive advantage of Alliance Resource Partners?

ARLP's primary advantages are its low-cost Illinois Basin mining operations and its contracted sales model with utility customers, which provides some revenue predictability. Its growing oil and gas royalty portfolio adds a passive income stream less exposed to coal operating costs. However, the UQS Moat pillar rates these advantages as Weak in a sector context.

What sector does ARLP belong to?

ARLP operates in the Energy sector, specifically within natural resource extraction. Its coal operations place it in the thermal and metallurgical coal sub-industry, while its oil and gas royalty segment adds exposure to broader energy commodity markets.

Is ARLP a growth stock or value stock?

Based on UQS pillar labels, ARLP leans toward value rather than growth. The Growth pillar is rated Weak, reflecting limited expansion prospects in a declining coal market. The Valuation pillar is Attractive, which is more consistent with a value-oriented investment profile than a high-growth one.

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Pro Analysis

ARLP — Score History

35404550556065Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 22 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 23, 202649.558.126.022.764.495.5-0.1
May 21, 202649.658.126.022.764.495.9+0.1
May 14, 202649.558.126.022.764.495.30.0
May 11, 202649.558.126.022.764.495.5-0.5
May 10, 202650.060.726.022.764.494.0-2.5
May 9, 202652.560.726.036.764.492.4+3.3
May 8, 202649.258.126.022.764.493.3-0.1
May 5, 202649.358.126.022.764.493.9-0.1
May 3, 202649.458.126.023.164.493.9-0.1
May 1, 202649.558.126.023.164.494.6+8.1

ARLP — Pillar Breakdown

Quality

58.1/100 (25%)

Alliance Resource Partners, L.P. shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Moderate

How effectively capital is deployed to generate returns.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsModerate

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

22.7/100 (20%)

Alliance Resource Partners, L.P. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

64.4/100 (15%)

Alliance Resource Partners, L.P. maintains a reasonable risk profile with manageable debt levels.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageModerate

Earnings capacity relative to interest payments.

Valuation

96.5/100 (15%)

Alliance Resource Partners, L.P. appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

26/100 (25%)

Alliance Resource Partners, L.P. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ARLP.

Score Composition

Quality
58.1×25%14.5
Growth
22.7×20%4.5
Risk
64.4×15%9.7
Valuation
96.5×15%14.5
Moat
26.0×25%6.5
Total
49.7Below Average

Financial Data

More Stock Analysis

How is the ARLP UQS Score Calculated?

The UQS (Unified Quality Score) for Alliance Resource Partners, L.P. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Alliance Resource Partners, L.P.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Alliance Resource Partners, L.P. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.