Alliance Resource Partners, L.P (ARLP) Stock Price & How to Invest
Last updated July 2026
Short answer
ARLP is Alliance Resource Partners, a master limited partnership (MLP) that is one of the largest thermal coal producers in the eastern United States, and it trades as a high-distribution income play tied to coal demand plus a growing oil and gas royalty book. Investors typically hold it for the roughly $2.40 annualized distribution rather than for capital-growth momentum.
ARLP stock price
As of 2026-07-16, Alliance Resource Partners, L.P (ARLP) last closed at $24.59, down 9.0% over the past year. Over the past 52 weeks it has traded between $22.54 and $28.99.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Alliance Resource Partners, L.P's investor relations page. Walnut is informational, not investment advice.
What does Alliance Resource Partners, L.P (ARLP) do?
Alliance Resource Partners, L.P. (Nasdaq: ARLP) is a diversified natural resource company structured as a master limited partnership. Its core business mines and markets thermal (steam) coal to US electric utilities and industrial users from seven underground mining complexes across the Illinois Basin and Appalachia, making it one of the largest coal producers in the eastern US. Alongside coal, ARLP has built a meaningful mineral-interests business, earning royalty income from oil and gas production (record BOE volumes in recent quarters) and from coal royalties, which diversifies cash flow away from its own mining operations. The partnership has also accumulated a small digital-asset (bitcoin) position that adds some quarter-to-quarter earnings noise.
The investment picture centers on income and cash generation rather than growth. ARLP pays a sizable quarterly distribution (recently $0.60 per unit, or roughly $2.40 annualized) supported by long-term, largely pre-committed coal contracts, a low leverage profile, and royalty cash flow. The trade-off is exposure to structurally declining domestic thermal coal demand, volatile coal and energy prices, and the tax and structural quirks of owning an MLP. Recent results show the pressure: coal pricing has softened even as volumes and royalties held up, compressing net income sharply, while the royalty segment continues to grow.
What's driving Alliance Resource Partners, L.P (ARLP)?
1. Contracted coal cash flow
Over 95% of expected 2026 coal sales volumes are already committed and priced, with full-year guidance of roughly 33.75 to 35.25 million short tons. That visibility supports the distribution and smooths some of the commodity-price volatility that hits spot-exposed miners.
2. Oil and gas royalty growth
The Oil and Gas Royalties segment has become a real diversifier, with royalty revenue up about 16% year over year on higher BOE volumes. Royalties are capital-light and higher-margin than mining, and ARLP has continued to acquire mineral interests (including a roughly $206 million acquisition) to expand this stream.
3. Income and distribution profile
At a recent price near $25 and a $2.40 annualized distribution, ARLP offers a high single to low double digit yield, which is the primary reason many holders own it. Relatively modest debt (around $508 million) gives the partnership room to maintain distributions through commodity cycles.
4. Power-demand tailwind narrative
Rising electricity demand from data centers and AI has revived some interest in reliable baseload generation, including coal, which could slow the pace of plant retirements and firm up thermal coal demand at the margin over the near term.
What are the risks to Alliance Resource Partners, L.P (ARLP)?
ARLP faces structural decline in US thermal coal demand as utilities retire coal plants and shift to gas and renewables, which caps long-term volume growth. Earnings are sensitive to coal and energy prices, and recent quarters showed how quickly softer pricing plus non-cash items (a Mettiki longwall impairment and a bitcoin mark-to-market loss) can shrink net income. As an MLP, distributions are not guaranteed and can be cut if cash flow weakens, and the K-1 tax treatment adds complexity for many investors. Regulatory, environmental, and financing pressures on the coal industry are ongoing headwinds, and the small digital-asset position introduces additional earnings volatility.
How is Alliance Resource Partners, L.P (ARLP) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Alliance Resource Partners, L.P's investor relations page or your broker.
- Revenue (TTM): ~$2.19B
- Q1 2026 revenue: ~$516M
- Net income (2025): ~$311M
- Adjusted EBITDA (Q1 2026): ~$155M
- Market cap: ~$3.2B
- Annualized distribution / yield: ~$2.40 per unit (~9-10%)
ARLP's 2025 revenue of roughly $2.19 billion was down about 10% from 2024 as coal pricing softened, and Q1 2026 net income fell sharply to about $9 million on weaker coal prices plus non-cash impairment and digital-asset charges. With a market cap near $3.2 billion, modest debt of about $508 million, and around 128 million units outstanding, the units are valued largely on cash distributions rather than earnings growth. The high yield reflects both the cash-generative model and the market's discount for coal's long-term demand risk.
Who competes with Alliance Resource Partners, L.P (ARLP)?
Thermal coal producers
Peabody Energy (BTU), Core Natural Resources (formerly CONSOL and Arch), and Hallador Energy (HNRG) compete in domestic and export thermal coal, the market where ARLP sells most of its tonnage to utilities and industrial users.
Metallurgical coal and diversified miners
Warrior Met Coal (HCC) and Alpha Metallurgical Resources (AMR) focus on steelmaking (met) coal rather than thermal, so they overlap on mining operations and capital but serve different end markets than ARLP's utility-driven business.
Mineral and royalty partnerships
Natural Resource Partners (NRP) and other royalty-focused MLPs compete for the coal and oil and gas mineral interests that ARLP has been expanding through its royalty segments, and they offer investors a similar income-and-royalty profile.
How to invest in Alliance Resource Partners, L.P (ARLP)
There are three common ways to get ARLP exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ARLP sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where ARLP fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Alliance Resource Partners, L.P (ARLP)
ARLP is an income-oriented coal MLP where the appeal is the distribution and royalty diversification, weighed against long-term coal demand decline and commodity price swings.
More on Alliance Resource Partners, L.P (ARLP)
Whether ARLP is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ARLP a buy?, and where the stock could go from here in the ARLP stock forecast.
For income investors, whether ARLP pays a dividend and how the payout looks is covered in does ARLP pay a dividend?
Build a basket around ARLP with Walnut
Use Alliance Resource Partners, L.P as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is ARLP a stock or a partnership?
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ARLP is a master limited partnership (MLP), not a conventional corporation. When you buy units you become a limited partner, and the partnership passes through income and distributions to unitholders rather than paying a traditional corporate dividend.
What does Alliance Resource Partners do?
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It mines and markets thermal (steam) coal to US utilities and industrial users from seven underground complexes in the Illinois Basin and Appalachia, and it also earns royalty income from oil and gas production and from coal reserves it owns.
Does ARLP pay a distribution and what is the yield?
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Yes. ARLP recently declared a quarterly cash distribution of $0.60 per unit, or about $2.40 annualized. At a unit price near $25 that works out to a high single to low double digit yield, which is the main reason many investors hold it.
How is an MLP distribution taxed?
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MLP investors receive a Schedule K-1 rather than a 1099, and distributions are often partly treated as a return of capital that defers tax and lowers your cost basis. The treatment is more complex than a normal dividend, so many holders consult a tax professional.
How has ARLP performed recently?
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2025 revenue was about $2.19 billion, down roughly 10% from 2024 on softer coal pricing. Q1 2026 net income dropped to about $9 million as weaker coal prices combined with a mine impairment and a digital-asset loss, even though royalty revenue grew.
What are the biggest risks for ARLP?
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The main risks are the structural decline of US thermal coal demand, volatile coal and energy prices, the possibility of a distribution cut if cash flow weakens, MLP tax complexity, and environmental and regulatory pressure on the coal industry.
Why does ARLP hold bitcoin?
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ARLP has accumulated a small digital-asset position tied partly to its power and mining operations. It is minor relative to the coal and royalty business, but its mark-to-market changes can add noticeable swings to reported quarterly earnings.
Who competes with ARLP?
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Peers include thermal coal producers like Peabody Energy, Core Natural Resources, and Hallador Energy, metallurgical miners like Warrior Met Coal and Alpha Metallurgical Resources, and royalty partnerships like Natural Resource Partners that compete for mineral interests.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Alliance Resource Partners, L.P's investor relations page or your broker before making investment decisions.