While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Alliance Resource Partners (ARLP - Free Report) . ARLP is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 9.28. This compares to its industry's average Forward P/E of 13.00. ARLP's Forward P/E has been as high as 11.04 and as low as 6.67, with a median of 9.31, all within the past year.
Finally, investors should note that ARLP has a P/CF ratio of 5.83. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ARLP's current P/CF looks attractive when compared to its industry's average P/CF of 9.95. Over the past year, ARLP's P/CF has been as high as 6.90 and as low as 3.82, with a median of 5.55.
These are just a handful of the figures considered in Alliance Resource Partners's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ARLP is an impressive value stock right now.
Alliance Resource Partners, L.P. (ARLP - Free Report) closed the last trading session at $24.94, gaining 2.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $31.25 indicates a 25.3% upside potential.
The mean estimate comprises four short-term price targets with a standard deviation of $1.71. While the lowest estimate of $29.00 indicates a 16.3% increase from the current price level, the most optimistic analyst expects the stock to surge 32.3% to reach $33.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in ARLP. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ARLP Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 0.4%, as one estimate has moved higher compared to no negative revision.
Moreover, ARLP currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ARLP could gain, the direction of price movement it implies does appear to be a good guide.
Alliance Resource Partners remains a Buy as it leverages strong coal cash flows to fund a strategic pivot into oil, gas, and future-facing royalties. Despite a Q1 DCF drop to $77.79M and lower coal prices, ARLP maintains robust distribution coverage and 95% of 2026 coal sales volumes committed and priced. The company's $206M oil and gas royalty acquisition diversifies its portfolio further, positioning it for long-term performance as coal cycles potentially wane and energy demand shifts.
Investors might want to bet on Alliance Resource Partners, L.P. (ARLP - Free Report) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Alliance Resource Partners basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Alliance Resource Partners imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Alliance Resource PartnersFor the fiscal year ending December 2026, this company is expected to earn $2.22 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Alliance Resource Partners. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.3%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Alliance Resource Partners to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.94% per year. These returns cover a period from January 1, 1988 through June 1, 2026. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Protagonist Therapeutics, Inc. (PTGX - Free Report) : This biotechnology company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.
DHI Group, Inc. (DHX - Free Report) : This recruitment technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.
Traeger, Inc. (COOK - Free Report) : This outdoor cooking equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
Block, Inc. (XYZ - Free Report) : This fintech company has seen the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.
Alliance Resource Partners, L.P. (ARLP - Free Report) : This diversified natural resource company has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP") today announced that it has completed its previously announced acquisition of certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for approximately $206.2 million, subject to customary post-closing adjustments.
ARLP funded the acquisition using a combination of cash on hand, borrowings under its revolving credit facility, and a new $150.0 million term loan at its wholly owned subsidiary Alliance Minerals, LLC.
Following the acquisition, ARLP now controls approximately 115,680 net royalty acres within its Oil & Gas Royalties segment, including over 44,770 net royalty acres in the Permian Basin. ARLP expects to provide additional commentary regarding the acquisition during its next quarterly earnings conference call.
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via email at [email protected].
The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.
FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to our future financial and operational performance, coal and oil & gas consumption and expected future prices, our ability to increase or maintain unitholder distributions in future quarters, business plans and potential growth with respect to our energy and infrastructure investments, optimizing cash flows, reducing operating and capital expenditures, infrastructure projects at our existing properties, growth in domestic electricity demand, preserving liquidity and maintaining financial flexibility, and our future repurchases of units. These risks to our ability to achieve these outcomes include, but are not limited to, the following: decline in the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion, the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels and the retirement of coal-fired power plants in the U.S.; our ability to provide fuel for growth in domestic energy demand, should it materialize; changes in macroeconomic and market conditions and market volatility, and the impact of such changes and volatility on our financial position; changes in global economic and geo-political conditions or changes in industries in which our customers operate; changes in commodity prices, demand and availability which could affect our operating results and cash flows; impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East; actions of the major oil-producing countries with respect to oil production volumes and prices and the direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by the operators of the properties in which we hold oil & gas mineral interests due to low commodity prices or the lack of downstream demand or storage capacity; risks associated with the expansion of and investments into the infrastructure of our operations and properties, including the timing of such investments coming online; our ability to identify and complete acquisitions and to successfully integrate such acquisitions into our business and achieve the anticipated benefits therefrom; our ability to identify and invest in new energy and infrastructure ventures; the success of our development and growth plans for our wholly owned subsidiary, Matrix Design Group, LLC, and our investments in emerging and other infrastructure and technology companies; dependence on significant customer contracts, and failure of customers to renew existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; the effects of and changes in trade, monetary and fiscal policies and laws, and the results of central bank policy actions including interest rates, bank failures, and associated liquidity risks; the effects of and changes in taxes or tariffs and other trade measures adopted or threatened by the United States and foreign governments, including the imposition of or increase in tariffs on steel and/or other raw materials; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, such as state legislation seeking to impose liability on a wide range of energy companies under greenhouse gas “superfund” laws, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors’ and other stakeholders’ attention to sustainability matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in equipment, raw material, service or labor costs or availability, including due to inflationary pressures or tariffs; changes in our ability to recruit, hire and maintain labor; our ability to maintain satisfactory relations with our employees; increases in labor costs, including increases in the costs of health insurance, adverse changes in work rules, or cash payments or projections associated with workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather, supply chain shortage of equipment or mine supplies, or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal mineral reserves and resources; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, malware, social engineering, physical breaches, or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.
Additional information concerning these, and other factors can be found in ARLP’s public periodic filings with the SEC, including ARLP’s Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, and ARLP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed on May 8, 2026. Except as required by applicable securities laws, ARLP does not intend to update its forward-looking statements.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Alliance Resource Partners (ARLP - Free Report) . ARLP is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.28, while its industry has an average P/E of 12.90. ARLP's Forward P/E has been as high as 11.04 and as low as 6.67, with a median of 9.31, all within the past year.
Finally, investors will want to recognize that ARLP has a P/CF ratio of 5.83. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. ARLP's current P/CF looks attractive when compared to its industry's average P/CF of 9.75. Over the past 52 weeks, ARLP's P/CF has been as high as 6.90 and as low as 3.82, with a median of 5.55.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Alliance Resource Partners is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ARLP feels like a great value stock at the moment.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARLP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Beyond Saving, Philip Mause, and Hidden Opportunities, all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The Zacks Coal industry is facing multiple headwinds as the use of coal in U.S. thermal power plants continues to decline. Per the U.S. Energy Information Administration (“EIA”), in 2026, demand for coal is projected to decline as usage of renewable sources increases for electricity generation. In addition, given the ongoing energy transition, marked by utility operators systematically phasing out coal assets, coal demand is expected to drop in 2026.
Amid the ongoing drop in coal usage and production, investors can watch coal stocks like Core Natural Resources, Inc., Alliance Resource Partners and Ramaco Resources, which have high-quality met coal production volumes, are expected to gain during this challenging phase.
About the IndustryThe Zacks Coal industry comprises companies involved in the exploration and extraction of coal through both surface and underground mining methods. Coal remains an important energy resource due to its high energy content and widespread use in electricity generation, as well as in steel and cement production. According to the EIA, the United States possesses nearly 252 billion short tons of recoverable coal reserves, with about 58% suitable for underground mining.
At current production rates, these reserves are expected to support coal supply for decades. Coal production is highly concentrated, with five states accounting for nearly 70% of total U.S. output and 60% of surface-mined coal. Yet, rising renewable energy adoption and the ongoing retirement of coal-fired power plants are expected to reduce coal demand over time, creating long-term challenges for the industry.
3 Trends That Could Weigh on the Coal IndustryDrop in U.S. Coal Production and Usage: Per EIA’s projection, coal production in the United States is expected to be 518 million short tons (MMst) in 2026, down 2% from the 2025 volume, due to lower usage of coal in power generation and higher usage of renewable sources. Coal production is expected to drop further by 4% year over year in 2027 and total 497 MMst.
Per EIA, coal’s share of U.S. electricity generation is projected to decline 100 basis points annually in 2026 and 2027, reaching 16% and 15%, respectively. EIA expects coal exports to increase modestly in 2026, supported mainly by higher metallurgical coal exports as additional production capacity comes online. Coal exports can help coal producers offset challenges arising from weakening domestic coal demand by providing access to additional markets and revenue opportunities.
Despite Reliability, the Emission Policy to Hurt the Coal Industry: Coal remains a dependable energy source, capable of providing around-the-clock electricity from generation units. However, rising environmental concerns are leading to a steady decline in its use for power generation. The United States’ Sustainability Plan targets a transition to 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050.
This shift is being accelerated by the increasing adoption of natural gas and renewable energy sources like solar and wind. Natural gas has become more cost-efficient due to advancements in fracking technology, while renewables have gained traction thanks to falling production costs and supportive government initiatives.
According to the EIA, U.S. coal consumption is expected to decline year over year in 2026 and 2027. 2026 U.S coal consumption is expected to drop 7.4% and 3.8% year over year in 2026 and 2027, respectively. Without substantial investment in pollution-control technologies for coal-fired power plants, domestic coal usage is likely to keep falling due to the retirement of coal-fired capacity.
Competition From Cleaner Energy Sources: Coal-fired power generation continues to face growing competition from lower-cost and cleaner energy sources, including natural gas, solar and wind. Abundant natural gas supplies and declining renewable energy costs have made these alternatives increasingly attractive to power producers.
Utilities are steadily reshaping their generation portfolios by adding more cost-efficient and environmentally friendly resources to reduce operating costs and meet stricter emissions requirements. Meanwhile, utility-scale solar projects paired with battery storage are becoming increasingly competitive with coal on a cost basis and are capturing the majority of new power-generation capacity additions. As renewable energy adoption expands and natural gas prices remain favorable, this will result in a decline in thermal coal demand.
Zacks Industry Rank Highlights a Gloomy Industry OutlookThe Zacks Coal industry is an eight-stock group within the broader Zacks Oil and Energy sector. The industry currently carries a Zacks Industry Rank #191, which places it in the bottom 23% of 247 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates lackluster performance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 23% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential. Since June 2025, the coal industry’s earnings estimates for 2026 have declined 53.3% to $1.65 per share.
Before we present a few coal stocks that you may want to keep track of, let’s take a look at the industry’s recent stock market performance and valuation.
Coal Industry Outperforms the S&P 500 and the SectorThe Zacks Coal industry has outperformed the Zacks Oil and Gas sector and the Zacks S&P 500 composite over the past year.
The stocks in the coal industry have gained 31.3% compared with the Zacks Oil-Energy sector’s rally of 28.1%. The Zacks S&P 500 composite has gained 24.3% in the same time frame.
Coal Industry's Current ValuationSince coal companies have a lot of debt on their balance sheet, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
The industry is currently trading at a trailing 12-month EV/EBITDA of 9.71X compared with the Zacks S&P 500 composite’s 18.23X and the sector’s 6.61X.
In the past five years, the coal industry has traded as high as 11.65X and as low as 1.82X, with the median being 4.34X.
3 Coal Stocks That Could Weather the Industry SlowdownCore Natural Resources: Canonsburg, PA- based company, along with its subsidiaries, produces, markets and exports both metallurgical and thermal coal domestically and globally. Core Natural Resources has restarted longwall mining at its Leer South mine. The company secured major contracts across its segments at favorable prices. CNR currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for its 2026 and 2027 earnings per share indicates year-over-year growth of 157.05% and 213.53%, respectively. The consensus estimate for its 2026 and 2027 sales implies year-over-year growth of 5.7% and 1.65%, respectively.
Alliance Resource Partners L.P.: Tulsa, OK-based Alliance Resource Partners produces and sells coal to utilities and industrial users in the United States. The firm produces coal from several mining complexes operated by its subsidiaries. ARLP earns royalty income from coal produced by the mining complexes and royalty income from mineral interests it owns in different basins. The contract to acquire certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for $206 million will boost ARLP’s royalty income.
The Zacks Consensus Estimate for its 2026 and 2027 sales has increased year-over-year by 1.62% and 3.86%, respectively. The current distribution yield is 9.9%. The firm currently has a Zacks Rank #3.
Ramaco Resources, Inc.: Lexington, KY-based Ramaco Resources is the developer of high-quality, low-cost metallurgical coal and poised to benefit from improving metallurgical coal demand. To meet the demand, the company has restarted the Laurel Fork Mine and is expanding operations at the Berwind Mine by adding a third mining section. The company expects full-year metallurgical coal production of 3.7-4.1 million tons and total sales volumes of 4.1-4.5 million tons.
The Zacks Consensus Estimate for its 2026 and 2027 sales indicates year-over-year growth of 16.86% and 13.33%, respectively. The consensus estimate for its 2026 and 2027 earnings per share implies year-over-year growth of 72.73% and 300%, respectively. Ramaco Resources currently has a Zacks Rank #3.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The Zacks Coal industry is facing multiple headwinds as the use of coal in U.S. thermal power plants continues to decline. Per the U.S. Energy Information Administration (“EIA”), in 2026, demand for coal is projected to decline as usage of renewable sources increases for electricity generation. In addition, given the ongoing energy transition, marked by utility operators systematically phasing out coal assets, coal demand is expected to drop in 2026.
Amid the ongoing drop in coal usage and production, investors can watch coal stocks like Core Natural Resources, Inc. (CNR - Free Report) , Alliance Resource Partners (ARLP - Free Report) and Ramaco Resources (METC - Free Report) , which have high-quality met coal production volumes, are expected to gain during this challenging phase.
About the Industry The Zacks Coal industry comprises companies involved in the exploration and extraction of coal through both surface and underground mining methods. Coal remains an important energy resource due to its high energy content and widespread use in electricity generation, as well as in steel and cement production. According to the EIA, the United States possesses nearly 252 billion short tons of recoverable coal reserves, with about 58% suitable for underground mining. At current production rates, these reserves are expected to support coal supply for decades. Coal production is highly concentrated, with five states accounting for nearly 70% of total U.S. output and 60% of surface-mined coal. Yet, rising renewable energy adoption and the ongoing retirement of coal-fired power plants are expected to reduce coal demand over time, creating long-term challenges for the industry.
3 Trends That Could Weigh on the Coal Industry Drop in U.S. Coal Production and Usage: Per EIA’s projection, coal production in the United States is expected to be 518 million short tons (MMst) in 2026, down 2% from the 2025 volume, due to lower usage of coal in power generation and higher usage of renewable sources. Coal production is expected to drop further by 4% year over year in 2027 and total 497 MMst. Per EIA, coal’s share of U.S. electricity generation is projected to decline 100 basis points annually in 2026 and 2027, reaching 16% and 15%, respectively. EIA expects coal exports to increase modestly in 2026, supported mainly by higher metallurgical coal exports as additional production capacity comes online. Coal exports can help coal producers offset challenges arising from weakening domestic coal demand by providing access to additional markets and revenue opportunities.
Despite Reliability, the Emission Policy to Hurt the Coal Industry: Coal remains a dependable energy source, capable of providing around-the-clock electricity from generation units. However, rising environmental concerns are leading to a steady decline in its use for power generation. The United States’ Sustainability Plan targets a transition to 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050. This shift is being accelerated by the increasing adoption of natural gas and renewable energy sources like solar and wind. Natural gas has become more cost-efficient due to advancements in fracking technology, while renewables have gained traction thanks to falling production costs and supportive government initiatives. According to the EIA, U.S. coal consumption is expected to decline year over year in 2026 and 2027. 2026 U.S coal consumption is expected to drop 7.4% and 3.8% year over year in 2026 and 2027, respectively. Without substantial investment in pollution-control technologies for coal-fired power plants, domestic coal usage is likely to keep falling due to the retirement of coal-fired capacity.
Competition From Cleaner Energy Sources: Coal-fired power generation continues to face growing competition from lower-cost and cleaner energy sources, including natural gas, solar and wind. Abundant natural gas supplies and declining renewable energy costs have made these alternatives increasingly attractive to power producers. Utilities are steadily reshaping their generation portfolios by adding more cost-efficient and environmentally friendly resources to reduce operating costs and meet stricter emissions requirements. Meanwhile, utility-scale solar projects paired with battery storage are becoming increasingly competitive with coal on a cost basis and are capturing the majority of new power-generation capacity additions. As renewable energy adoption expands and natural gas prices remain favorable, this will result in a decline in thermal coal demand.
Zacks Industry Rank Highlights a Gloomy Industry Outlook The Zacks Coal industry is an eight-stock group within the broader Zacks Oil and Energy sector. The industry currently carries a Zacks Industry Rank #191, which places it in the bottom 23% of 247 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates lackluster performance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 23% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential. Since June 2025, the coal industry’s earnings estimates for 2026 have declined 53.3% to $1.65 per share.
Before we present a few coal stocks that you may want to keep track of, let’s take a look at the industry’s recent stock market performance and valuation.
Coal Industry Outperforms the S&P 500 and the Sector The Zacks Coal industry has outperformed the Zacks Oil and Gas sector and the Zacks S&P 500 composite over the past year.
The stocks in the coal industry have gained 31.3% compared with the Zacks Oil-Energy sector’s rally of 28.1%. The Zacks S&P 500 composite has gained 24.3% in the same time frame.
One-Year Price Performance
Coal Industry's Current Valuation Since coal companies have a lot of debt on their balance sheet, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
The industry is currently trading at a trailing 12-month EV/EBITDA of 9.71X compared with the Zacks S&P 500 composite’s 18.23X and the sector’s 6.61X.
In the past five years, the coal industry has traded as high as 11.65X and as low as 1.82X, with the median being 4.34X.
Enterprise Value-to EBITDA (EV/EBITDA) Ratio vs. the S&P 500
Enterprise Value-to EBITDA (EV/EBITDA) Ratio vs. the Sector 3 Coal Stocks That Could Weather the Industry Slowdown Core Natural Resources: Canonsburg, PA- based company, along with its subsidiaries, produces, markets and exports both metallurgical and thermal coal domestically and globally. Core Natural Resources has restarted longwall mining at its Leer South mine. The company secured major contracts across its segments at favorable prices. CNR currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for its 2026 and 2027 earnings per share indicates year-over-year growth of 157.05% and 213.53%, respectively. The consensus estimate for its 2026 and 2027 sales implies year-over-year growth of 5.7% and 1.65%, respectively.
Price and Consensus: CNR
Alliance Resource Partners L.P.: Tulsa, OK-based Alliance Resource Partners produces and sells coal to utilities and industrial users in the United States. The firm produces coal from several mining complexes operated by its subsidiaries. ARLP earns royalty income from coal produced by the mining complexes and royalty income from mineral interests it owns in different basins. The contract to acquire certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for $206 million will boost ARLP’s royalty income.
The Zacks Consensus Estimate for its 2026 and 2027 sales has increased year-over-year by 1.62% and 3.86%, respectively. The current distribution yield is 9.9%. The firm currently has a Zacks Rank #3.
Price and Consensus: ARLP
Ramaco Resources, Inc.: Lexington, KY-based Ramaco Resources is the developer of high-quality, low-cost metallurgical coal and poised to benefit from improving metallurgical coal demand. To meet the demand, the company has restarted the Laurel Fork Mine and is expanding operations at the Berwind Mine by adding a third mining section. The company expects full-year metallurgical coal production of 3.7-4.1 million tons and total sales volumes of 4.1-4.5 million tons.
The Zacks Consensus Estimate for its 2026 and 2027 sales indicates year-over-year growth of 16.86% and 13.33%, respectively. The consensus estimate for its 2026 and 2027 earnings per share implies year-over-year growth of 72.73% and 300%, respectively. Ramaco Resources currently has a Zacks Rank #3.
Top ten large cap value (GASV) stocks are forecasted to deliver an average 38.12% net gain by mid-March 2027, with yields up to 13.03%. Analyst targets suggest the five lowest-priced, highest-yield GASV stocks could outperform, offering an 18.5% higher gain than the top ten as a group. Fourteen of twenty-nine 'safer' lowest-priced GASV stocks are currently buyable, with seven meeting the ideal dividend-to-price criteria for fair value.
Sirius XM Holdings exemplifies the "ideal" dividend dog, with dividends from $1k invested exceeding its share price, despite recent negative returns. Top 10 ReFa/Ro Dogs for February 2026 offer projected net gains of 15.5% to 57.43% by February 2027, based on analyst targets and high yields. All top 10 ReFa/Ro Dogs have share prices below projected annual dividends from $1k invested, aligning with the contrarian dividend dogcatcher strategy.
JPMorgan Chase & Co. cut its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 55.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,244 shares of the energy company’s stock after selling 99,541 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Alliance Resource Partners worth $2,054,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ARLP. Nomura Holdings Inc. purchased a new position in Alliance Resource Partners during the second quarter worth about $7,842,000. Mercer Global Advisors Inc. ADV raised its stake in Alliance Resource Partners by 1,636.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 268,637 shares of the energy company’s stock worth $6,792,000 after purchasing an additional 253,165 shares during the period. ING Groep NV raised its stake in Alliance Resource Partners by 167.8% during the third quarter. ING Groep NV now owns 378,100 shares of the energy company’s stock worth $9,560,000 after purchasing an additional 236,900 shares during the period. UBS Group AG raised its stake in Alliance Resource Partners by 383.5% during the third quarter. UBS Group AG now owns 269,165 shares of the energy company’s stock worth $6,806,000 after purchasing an additional 213,496 shares during the period. Finally, Progeny 3 Inc. raised its stake in Alliance Resource Partners by 6.9% during the third quarter. Progeny 3 Inc. now owns 3,274,381 shares of the energy company’s stock worth $82,793,000 after purchasing an additional 211,400 shares during the period. 18.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of brokerages have commented on ARLP. Benchmark reaffirmed a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 16th. Finally, Zacks Research lowered shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.50.
Check Out Our Latest Analysis on ARLP
Alliance Resource Partners Stock Performance Shares of ARLP stock opened at $28.18 on Tuesday. The firm’s 50 day moving average price is $26.58 and its 200-day moving average price is $25.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.41 and a current ratio of 2.10. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $29.45. The firm has a market cap of $3.63 billion, a P/E ratio of 11.74 and a beta of 0.31.
Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.41%. The firm had revenue of $535.51 million for the quarter, compared to analyst estimates of $556.82 million. As a group, equities research analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.
Alliance Resource Partners Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio is presently 100.00%.
Alliance Resource Partners Company Profile (Free Report)
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.
The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.
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TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2026 financial results before the market opens on Monday, April 27, 2026. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP’s website at www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13759702.
About Alliance Resource Partners, L.P.
ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].
Alliance Resource Partners, L.P. is rated Buy, leveraging strong coal operations and a strategic pivot into future-facing assets and royalties. ARLP's robust contract book, solid balance sheet, and 9.36% yield support an attractive valuation, with intrinsic value estimated above current levels. Management is actively reinvesting coal windfalls into oil, gas, battery materials, and even crypto mining, aiming to future-proof the business beyond thermal coal.
BCS Wealth Management grew its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 102.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,220 shares of the energy company’s stock after buying an additional 26,473 shares during the quarter. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $1,213,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Alliance Resource Partners during the fourth quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its stake in Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after buying an additional 875 shares during the period. Triumph Capital Management purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $46,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $51,000. Finally, US Bancorp DE grew its stake in Alliance Resource Partners by 28.5% during the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after buying an additional 570 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Zacks Research downgraded shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.
Read Our Latest Stock Report on Alliance Resource Partners
Alliance Resource Partners Trading Up 0.3% ARLP opened at $25.72 on Thursday. The stock has a market capitalization of $3.31 billion, a PE ratio of 10.72 and a beta of 0.31. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45. The firm’s fifty day moving average price is $26.87 and its 200 day moving average price is $25.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41.
Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last issued its earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $535.51 million for the quarter, compared to analysts’ expectations of $556.82 million. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.41%. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.
Alliance Resource Partners Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio is 100.00%.
Alliance Resource Partners Company Profile (Free Report)
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.
The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.
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Alliance stock is holding steady today. What should traders watch with ARLP? Q1 HighlightsAlliance reported adjusted earnings per share of 31 cents, missing the consensus estimate of $34 cents. In addition, it reported revenue of $516.01 million, beating the consensus estimate of $514.94 million, but representing a 4.5% year-over-year decline.
The company attributed the decline to lower coal sales pricing, partially offset by record oil and gas royalty revenues and higher coal sales volumes.
"Most of our coal operations performed better than expected during the quarter, however meaningful weather-related shipment disruptions relating to Winter Storm Fern delayed sales volumes for the quarter," said CEO Joseph W. Craft III.
Alliance ended the quarter with total liquidity of $431.2 million, including $28.9 million in cash and cash equivalents.
Alliance declared a quarterly cash distribution of $0.60 per unit, equivalent to $2.40 on an annualized basis.
Alliance Shares Edge LowerARLP Price Action: At the time of publication, Alliance shares are trading 0.52% lower at $24.77, according to data from Benzinga Pro.
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Alliance Resource Partners, L.P. (ARLP - Free Report) reported $516.02 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 4.5%. EPS of $0.37 for the same period compares to $0.60 a year ago.
The reported revenue represents a surprise of +2.31% over the Zacks Consensus Estimate of $504.37 million. With the consensus EPS estimate being $0.27, the EPS surprise was +37.04%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alliance Resource Partners performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
SALES AND OPERATING REVENUES- Oil & gas royalties: $41.34 million compared to the $36.26 million average estimate based on two analysts. The reported number represents a change of +14.6% year over year.SALES AND OPERATING REVENUES- Transportation revenues: $8.64 million compared to the $9.62 million average estimate based on two analysts. The reported number represents a change of -15.3% year over year.SALES AND OPERATING REVENUES- Other sales: $22.75 million versus $24.04 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.SALES AND OPERATING REVENUES- Coal sales: $443.28 million versus the two-analyst average estimate of $434.47 million. The reported number represents a year-over-year change of -5.4%.View all Key Company Metrics for Alliance Resource Partners here>>>
Shares of Alliance Resource Partners have returned -14.1% over the past month versus the Zacks S&P 500 composite's +9.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
The Strait of Hormuz closure by Iran and U.S. Navy blockade is having a significant impact on the global oil market. The world has lost about 1 billion barrels of oil supply since the war started. The global economy is offsetting this disruption by tapping emergency stockpiles and reducing demand.
Some of that oil demand might never recover as the world switches to alternative energy sources, including renewables, nuclear, and coal. Here's a look at the case for investing in these alternative energy sources.
Image source: Getty Images.
The Strait of Hormuz closure has disrupted up to 13 million barrels per day of oil supply and 20% of global liquefied natural gas (LNG) trade. The world is offsetting much of the oil supply shortfall by tapping into emergency stockpiles at a record pace of 11 million to 12 million barrels per day, while U.S. LNG exporters are helping fill in most of the LNG supply gap. However, these sources can't fill the gap forever.
We're already seeing some demand destruction, particularly in Asia. Japan, South Korea, China, and India are increasingly relying on coal-fired power generation amid surging LNG prices due to supply constraints. Additionally, countries are looking to accelerate the adoption of electric vehicles powered by renewable and nuclear energy to reduce future oil demand. This switch to alternatives could cause some permanent demand destruction for oil and LNG.
How to invest in the switch Coal producers will likely see an uptick in export demand this year. For example, Alliance Resource Partners (ARLP 0.56%) noted in its first quarter report that "During the quarter, the Iran conflict briefly reopened U.S. thermal coal export activity in early March." That enabled Alliance to secure contracts to deliver 1.8 million tons of coal in 2026 and 2027. The company has now sold more than 95% of its 2026 capacity. If supply disruptions continue, it could receive additional commitments for its remaining capacity for 2026 and 2027.
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While coal is providing customers with a near-term solution to the LNG supply shortage, renewable energy and nuclear would help lessen the impact of a future supply disruption by reducing a country's long-term oil and LNG demand. One company offering exposure to both markets is Brookfield Renewable (BEP 2.66%)(BEPC 3.37%). It's a leading global renewable energy and sustainable solutions company. It has renewable energy operations across Asia-Pacific, including South Korea, China, India, and Japan. Additionally, Brookfield owns an interest in the leading global nuclear energy service company, Westinghouse Electric. It could see a near-term pickup in fast-to-deploy renewable energy developments in Asia and a longer-term growth tailwind from increased interest in nuclear power.
The war might permanently alter the global energy landscape The war with Iran has caused a massive upheaval in the global energy market. Countries are using up their emergency stockpiles, getting supplies from other exporters, and switching to alternative fuel sources. It's fueling higher coal demand today and could power greater demand for renewables and nuclear in the future, making now the time to consider investing in these oil and LNG alternatives.
Matt DiLallo has positions in Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
Alliance Resource Partners (ARLP) generated enough cash to continue its $0.60 distribution. . Long-wall capital negatively impacted both production and revenue at one of its Illinois mines. The long-wall work will be completed in May.
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that senior management will participate in investor meetings at the 23rd Annual Energy Infrastructure CEO & Investor Conference on Tuesday, May 19, 2026.
A presentation will also be available May 19, 2026 on ARLP's website (www.arlp.com) under "Investors" and "Events & Presentations."
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].
Alliance Resource Partners is rated a cautious buy, offering a 9%+ yield, undemanding valuation, and improving balance sheet metrics. ARLP trades at 11.87x forward P/E and 5.2x EV/EBITDA, with a forward P/E dropping to 8.5x by 2028, supporting attractive risk/reward. Distribution coverage sits at 1.0x, with upside potential if coverage returns to 1.3x; payout is expected to hold at $0.60 per unit.
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today announced that it has entered into definitive agreements to acquire certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP (collectively, “AllDale III & IV”) for approximately $206.2 million, subject to customary closing price adjustments.
The transaction implies an aggregate gross valuation for AllDale III & IV of approximately $410.0 million. The general partner and limited partner interests being sold by the third-party selling interest holders are valued at approximately $306.2 million, with $206.2 million of the interests to be acquired by ARLP and $100.0 million of the interests to be acquired by related parties of Joseph W. Craft III, ARLP’s Chairman, President and Chief Executive Officer.
The difference between the $410.0 million aggregate gross valuation and the $306.2 million value of interests being acquired reflects existing interests already owned by ARLP and related parties of Mr. Craft.
Upon closing, ARLP’s aggregate economic interest across AllDale III & IV is expected to increase from approximately 5% to 61% and ARLP, through a wholly owned subsidiary, is expected to own 100% of the general partner interests of AllDale III & IV, that will be non-economic post-closing.
The agreements provide for an effective date of April 1, 2026, and the transaction is expected to close during July 2026, subject to customary closing conditions. Given the participation in the transaction by related parties of Mr. Craft, the terms of the transaction were approved by the conflicts committee of the Board of Directors of ARLP's general partner, which is comprised entirely of independent directors.
AllDale III & IV Acquisition Highlights
AllDale III & IV hold approximately 48,500 net royalty acres (“NRAs”) across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville The Permian represents approximately 7,300 of the NRAs and 52% of 1Q26 total royalty revenue Average 1Q26 production of approximately 5,940 BOE per day in total and 3,665 BOE per day net to ARLP’s economic interests(1), consisting of 27% oil, 18% NGLs, and 55% natural gas Approximately 67% of 1Q26 total royalty revenue was generated from oil The acquisition further de-risks ARLP’s existing minerals portfolio via a gross core acreage expansion with limited overlap to ARLP’s existing royalty asset base Meaningfully enhances ARLP’s northern Delaware, Anadarko, and Bakken positions, increasing trailing-twelve-month new wells placed on production by 59%, 78%, and 91%, respectively Provides entry into the Haynesville, a key natural gas resource play supporting LNG export demand Implied acquisition multiple on the general partner and limited partner interests being acquired by ARLP of approximately 5.0x projected next-twelve-month Adjusted EBITDA, based on commodity strip pricing as of June 5, 2026, and inclusive of existing AllDale III & IV hedges to be assumed at closing Expected to be immediately accretive to ARLP’s free cash flow per unit, based on current assumptions ARLP’s acquisition is expected to be funded through a combination of cash on hand, borrowings under ARLP’s revolving credit facility, and a new debt facility at Alliance Minerals, LLC, a wholly owned subsidiary of ARLP Pro forma total leverage is expected to remain below 1.0x following the closing of the transaction Pro Forma ARLP Oil & Gas Royalties Segment Highlights
Upon closing the transaction, ARLP is expected to have:
Control of approximately 115,680 NRAs, with over 44,770 NRAs in the Permian Average 1Q26 production of approximately 17,295 BOE per day in total, and 14,285 BOE per day net to ARLP’s economic interests(1) Exposure to 59 gross active rigs across the pro forma portfolio, including 47 gross active rigs on Permian acreage (1) Net BOE per day attributable to ARLP’s economic interests represents ARLP’s acquired share of production after excluding noncontrolling interests.
Management Commentary
"This acquisition accelerates the continued growth of our Oil & Gas Royalties segment," said Mr. Craft. "The AllDale III & IV portfolio adds scale and development upside across multiple U.S. basins, anchored by a meaningful Permian position. It also expands our natural gas footprint with entry into the Haynesville, a resource play well-positioned to benefit from long-term LNG export demand growth."
Mr. Craft continued, "We believe this acquisition strengthens ARLP’s long-term royalty platform, broadens our exposure to high-quality operators and advances our long-term strategy of building a durable, cash-generating royalties business that complements our existing coal operations."
Cary Marshall, Senior Vice President and Chief Financial Officer, added, "The participation by related parties of Mr. Craft is expected to enhance the capital efficiency of the transaction for ARLP. We expect this structure will generate attractive risk-adjusted returns, maintain pro forma leverage below 1.0x, and preserve liquidity for future growth opportunities."
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].
The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.
FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to our future financial and operational performance, coal and oil & gas consumption and expected future prices, our ability to increase or maintain unitholder distributions in future quarters, business plans and potential growth with respect to our energy and infrastructure investments, optimizing cash flows, reducing operating and capital expenditures, infrastructure projects at our existing properties, growth in domestic electricity demand, preserving liquidity and maintaining financial flexibility, and our future repurchases of units. These risks to our ability to achieve these outcomes include, but are not limited to, the following: decline in the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion, the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels and the retirement of coal-fired power plants in the U.S.; our ability to provide fuel for growth in domestic energy demand, should it materialize; changes in macroeconomic and market conditions and market volatility, and the impact of such changes and volatility on our financial position; changes in global economic and geo-political conditions or changes in industries in which our customers operate; changes in commodity prices, demand and availability which could affect our operating results and cash flows; impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East; actions of the major oil-producing countries with respect to oil production volumes and prices and the direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by the operators of the properties in which we hold oil & gas mineral interests due to low commodity prices or the lack of downstream demand or storage capacity; risks associated with the expansion of and investments into the infrastructure of our operations and properties, including the timing of such investments coming online; our ability to identify and complete acquisitions and to successfully integrate such acquisitions into our business and achieve the anticipated benefits therefrom; our ability to identify and invest in new energy and infrastructure ventures; the success of our development and growth plans for our wholly owned subsidiary, Matrix Design Group, LLC, and our investments in emerging and other infrastructure and technology companies; dependence on significant customer contracts, and failure of customers to renew existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; the effects of and changes in trade, monetary and fiscal policies and laws, and the results of central bank policy actions including interest rates, bank failures, and associated liquidity risks; the effects of and changes in taxes or tariffs and other trade measures adopted or threatened by the United States and foreign governments, including the imposition of or increase in tariffs on steel and/or other raw materials; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, such as state legislation seeking to impose liability on a wide range of energy companies under greenhouse gas “superfund” laws, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors’ and other stakeholders’ attention to sustainability matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in equipment, raw material, service or labor costs or availability, including due to inflationary pressures or tariffs; changes in our ability to recruit, hire and maintain labor; our ability to maintain satisfactory relations with our employees; increases in labor costs, including increases in the costs of health insurance, adverse changes in work rules, or cash payments or projections associated with workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather, supply chain shortage of equipment or mine supplies, or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal mineral reserves and resources; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, malware, social engineering, physical breaches, or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.
Additional information concerning these, and other factors can be found in ARLP’s public periodic filings with the SEC, including ARLP’s Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, and ARLP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed on May 8, 2026. Except as required by applicable securities laws, ARLP does not intend to update its forward-looking statements.
Alliance Resource Partners, L.P. Expands Oil & Gas Royalties Platform With $206 Million Acquisition Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today announced that it has entered into definitive agreements to acquire certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP (collectively, “AllDale III & IV”) for approximately $206.2 million, subject to customary closing price adjustments.
The transaction implies an aggregate gross valuation for AllDale III & IV of approximately $410.0 million. The general partner and limited partner interests being sold by the third-party selling interest holders are valued at approximately $306.2 million, with $206.2 million of the interests to be acquired by ARLP and $100.0 million of the interests to be acquired by related parties of Joseph W. Craft III, ARLP’s Chairman, President and Chief Executive Officer.
The difference between the $410.0 million aggregate gross valuation and the $306.2 million value of interests being acquired reflects existing interests already owned by ARLP and related parties of Mr. Craft.
Upon closing, ARLP’s aggregate economic interest across AllDale III & IV is expected to increase from approximately 5% to 61% and ARLP, through a wholly owned subsidiary, is expected to own 100% of the general partner interests of AllDale III & IV, that will be non-economic post-closing.
The agreements provide for an effective date of April 1, 2026, and the transaction is expected to close during July 2026, subject to customary closing conditions. Given the participation in the transaction by related parties of Mr. Craft, the terms of the transaction were approved by the conflicts committee of the Board of Directors of ARLP's general partner, which is comprised entirely of independent directors.
AllDale III & IV Acquisition Highlights
AllDale III & IV hold approximately 48,500 net royalty acres (“NRAs”) across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville The Permian represents approximately 7,300 of the NRAs and 52% of 1Q26 total royalty revenue Average 1Q26 production of approximately 5,940 BOE per day in total and 3,665 BOE per day net to ARLP’s economic interests(1), consisting of 27% oil, 18% NGLs, and 55% natural gas Approximately 67% of 1Q26 total royalty revenue was generated from oil The acquisition further de-risks ARLP’s existing minerals portfolio via a gross core acreage expansion with limited overlap to ARLP’s existing royalty asset base Meaningfully enhances ARLP’s northern Delaware, Anadarko, and Bakken positions, increasing trailing-twelve-month new wells placed on production by 59%, 78%, and 91%, respectively Provides entry into the Haynesville, a key natural gas resource play supporting LNG export demand Implied acquisition multiple on the general partner and limited partner interests being acquired by ARLP of approximately 5.0x projected next-twelve-month Adjusted EBITDA, based on commodity strip pricing as of June 5, 2026, and inclusive of existing AllDale III & IV hedges to be assumed at closing Expected to be immediately accretive to ARLP’s free cash flow per unit, based on current assumptions ARLP’s acquisition is expected to be funded through a combination of cash on hand, borrowings under ARLP’s revolving credit facility, and a new debt facility at Alliance Minerals, LLC, a wholly owned subsidiary of ARLP Pro forma total leverage is expected to remain below 1.0x following the closing of the transaction Pro Forma ARLP Oil & Gas Royalties Segment Highlights
Upon closing the transaction, ARLP is expected to have:
Control of approximately 115,680 NRAs, with over 44,770 NRAs in the Permian Average 1Q26 production of approximately 17,295 BOE per day in total, and 14,285 BOE per day net to ARLP’s economic interests(1) Exposure to 59 gross active rigs across the pro forma portfolio, including 47 gross active rigs on Permian acreage (1) Net BOE per day attributable to ARLP’s economic interests represents ARLP’s acquired share of production after excluding noncontrolling interests.
Management Commentary
"This acquisition accelerates the continued growth of our Oil & Gas Royalties segment," said Mr. Craft. "The AllDale III & IV portfolio adds scale and development upside across multiple U.S. basins, anchored by a meaningful Permian position. It also expands our natural gas footprint with entry into the Haynesville, a resource play well-positioned to benefit from long-term LNG export demand growth."
Mr. Craft continued, "We believe this acquisition strengthens ARLP’s long-term royalty platform, broadens our exposure to high-quality operators and advances our long-term strategy of building a durable, cash-generating royalties business that complements our existing coal operations."
Cary Marshall, Senior Vice President and Chief Financial Officer, added, "The participation by related parties of Mr. Craft is expected to enhance the capital efficiency of the transaction for ARLP. We expect this structure will generate attractive risk-adjusted returns, maintain pro forma leverage below 1.0x, and preserve liquidity for future growth opportunities."
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].
The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.
FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to our future financial and operational performance, coal and oil & gas consumption and expected future prices, our ability to increase or maintain unitholder distributions in future quarters, business plans and potential growth with respect to our energy and infrastructure investments, optimizing cash flows, reducing operating and capital expenditures, infrastructure projects at our existing properties, growth in domestic electricity demand, preserving liquidity and maintaining financial flexibility, and our future repurchases of units. These risks to our ability to achieve these outcomes include, but are not limited to, the following: decline in the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion, the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels and the retirement of coal-fired power plants in the U.S.; our ability to provide fuel for growth in domestic energy demand, should it materialize; changes in macroeconomic and market conditions and market volatility, and the impact of such changes and volatility on our financial position; changes in global economic and geo-political conditions or changes in industries in which our customers operate; changes in commodity prices, demand and availability which could affect our operating results and cash flows; impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East; actions of the major oil-producing countries with respect to oil production volumes and prices and the direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by the operators of the properties in which we hold oil & gas mineral interests due to low commodity prices or the lack of downstream demand or storage capacity; risks associated with the expansion of and investments into the infrastructure of our operations and properties, including the timing of such investments coming online; our ability to identify and complete acquisitions and to successfully integrate such acquisitions into our business and achieve the anticipated benefits therefrom; our ability to identify and invest in new energy and infrastructure ventures; the success of our development and growth plans for our wholly owned subsidiary, Matrix Design Group, LLC, and our investments in emerging and other infrastructure and technology companies; dependence on significant customer contracts, and failure of customers to renew existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; the effects of and changes in trade, monetary and fiscal policies and laws, and the results of central bank policy actions including interest rates, bank failures, and associated liquidity risks; the effects of and changes in taxes or tariffs and other trade measures adopted or threatened by the United States and foreign governments, including the imposition of or increase in tariffs on steel and/or other raw materials; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, such as state legislation seeking to impose liability on a wide range of energy companies under greenhouse gas “superfund” laws, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors’ and other stakeholders’ attention to sustainability matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in equipment, raw material, service or labor costs or availability, including due to inflationary pressures or tariffs; changes in our ability to recruit, hire and maintain labor; our ability to maintain satisfactory relations with our employees; increases in labor costs, including increases in the costs of health insurance, adverse changes in work rules, or cash payments or projections associated with workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather, supply chain shortage of equipment or mine supplies, or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal mineral reserves and resources; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, malware, social engineering, physical breaches, or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.
Additional information concerning these, and other factors can be found in ARLP’s public periodic filings with the SEC, including ARLP’s Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, and ARLP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed on May 8, 2026. Except as required by applicable securities laws, ARLP does not intend to update its forward-looking statements.
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