ALLIANCE RESOURCE PARTNERS LP
ARLP · Bituminous Coal & Lignite Surface Mining · 128.7M shares · EDGAR filings ↗
Net buyback after stock comp: $7M (gross $19M, SBC $13M)
Reference price $25.13 · est. market cap ~$3.2B — last insider sale, 2025-03-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82Low-cost coal producer diversified into oil & gas royalties, delivering top-decile returns and strong free cash flow.
Strengths
- Top-decile ROA (10.9%, 90th pct) with strong cash generation (FCF margin 17.7%, OCF margin 29.7%, FCF $388M)
- Diversified mineral platform (coal + ~70,000 royalty acres) and growth investments add durability
Risks
- Structural, long-term secular decline in thermal coal demand and tightening environmental regulation
- Commodity-price and customer/utility concentration exposure inherent to coal markets
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
17.6%
Net margin
14.2%
Return on assets
10.9%
Revenue growth (QoQ)
-3.6%
Net-income growth
-13.8%
Net debt / EBITDA
0.5×
Current ratio
2.1×
Free cash flow
$388M
EBITDA
$685M
Cash & investments
$71M
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-17 | Watson Mark Allen | Option exercise | 12K | — |
| 2026-02-17 | Watson Mark Allen | Tax withheld | 5.7K | $24.37 |
| 2026-02-17 | Tholen Kirk | Option exercise | 34K | — |
| 2026-02-17 | Tholen Kirk | Tax withheld | 15K | $24.37 |
| 2026-02-17 | Whelan Timothy J | Option exercise | 29K | — |
| 2026-02-17 | Whelan Timothy J | Tax withheld | 13K | $24.37 |
| 2026-02-17 | CORDLE MEGAN J | Option exercise | 6.1K | — |
| 2026-02-17 | CORDLE MEGAN J | Tax withheld | 3.0K | $24.37 |
| 2026-02-17 | MARSHALL CARY P | Option exercise | 31K | — |
| 2026-02-17 | MARSHALL CARY P | Tax withheld | 14K | $24.37 |
| 2026-02-17 | WYNNE THOMAS M | Option exercise | 34K | — |
| 2026-02-17 | WYNNE THOMAS M | Tax withheld | 15K | $24.37 |
| 2025-03-14 | Whelan Timothy J | Sell | 50K | $25.13 |
| 2025-02-10 | WYNNE THOMAS M | Option exercise | 55K | — |
| 2025-02-10 | WYNNE THOMAS M | Tax withheld | 25K | $27.28 |
| 2025-02-10 | Whelan Timothy J | Option exercise | 47K | — |
| 2025-02-10 | Whelan Timothy J | Tax withheld | 21K | $27.28 |
| 2025-02-10 | Watson Mark Allen | Option exercise | 20K | — |
| 2025-02-10 | Watson Mark Allen | Tax withheld | 6.1K | $27.28 |
| 2025-02-10 | Tholen Kirk | Option exercise | 78K | — |
| 2025-02-10 | Tholen Kirk | Tax withheld | 35K | $27.28 |
| 2025-02-10 | MARSHALL CARY P | Option exercise | 29K | — |
| 2025-02-10 | MARSHALL CARY P | Tax withheld | 13K | $27.28 |
| 2025-02-10 | CORDLE MEGAN J | Option exercise | 7.8K | — |
| 2025-02-10 | CORDLE MEGAN J | Tax withheld | 3.7K | $27.28 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-27 | ResultsExhibits | filing ↗ |
| 2026-04-07 | 1.04Exhibits | filing ↗ |
| 2026-02-04 | Material agreementExhibits | filing ↗ |
| 2026-02-02 | ResultsExhibits | filing ↗ |
| 2025-10-27 | ResultsExhibits | filing ↗ |
| 2025-10-10 | Material agreementExhibits | filing ↗ |
| 2025-07-28 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-05 | 0001104659-26-071203 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001104659-26-057964 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001104659-26-049042 ↗ |
| 8-K | 2026-04-07 | 2026-04-01 | 0001104659-26-040406 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001104659-26-020468 ↗ |
| 8-K | 2026-02-04 | 2026-01-29 | 0001104659-26-010337 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001104659-26-008972 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001104659-25-108518 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001104659-25-102328 ↗ |
| 8-K | 2025-10-10 | 2025-10-10 | 0001104659-25-098774 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001558370-25-010804 ↗ |
| 8-K | 2025-07-28 | 2025-07-28 | 0001558370-25-009637 ↗ |