ARLP
Alliance Resource Partners, L.P.
ARLP's fundamentals are strong: it turned 18% of its revenue into free cash flow and its operating margin rose 3 points to 16%. At 11x earnings, it's trading above its usual 9.1x. Analysts expect strong earnings growth.
ARLP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
ARLP's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ARLP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.9x | $9.28 | -63% |
| Forward | 8.5x | $25.27 | — |
| Fair | 9x | $21.70 | -14% |
| Current | 11x | $25.27 | — |
| Expensive | 13x | $30.94 | +22% |
Historical ranges are pointers, not guarantees.
ARLP's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 8.5x next year's earnings.
ARLP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ARLP, with profitability improving.
ARLP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.99 | +25% |
| Q3 2026 | $2.40 | +27% |
| Q2 2026 | $2.05 | +13% |
| Q1 2026 | $1.90 | -11% |
| Q4 2025 | $2.40 | -13% |
| Q3 2025 | $1.89 | -46% |
| Q2 2025 | $1.82 | -55% |
| Q1 2025 | $2.13 | -53% |
| Q4 2024 | $2.77 | -42% |
ARLP's earnings per share have fallen from their peak: $2.40 over the past year, against $5.63 in mid-2023.
ARLP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $603M | +5.5% |
| Q2 2026 | $551.6M | +0.7% |
| Q1 2026 | $516M | -4.5% |
| Q4 2025 | $535.5M | -9.2% |
| Q3 2025 | $571.4M | -6.9% |
| Q2 2025 | $547.5M | -7.7% |
| Q1 2025 | $540.5M | -17% |
| Q4 2024 | $590.1M | -5.6% |
ARLP's revenue has held roughly level: $603M last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +6.1 points |
| Q2 2026 | 17% | +1.1 points |
| Q1 2026 | 4.2% | -13 points |
| Q4 2025 | 18% | +16 points |
| Q3 2025 | 18% | +1.9 points |
| Q2 2025 | 16% | -3.6 points |
| Q1 2025 | 17% | -7.2 points |
| Q4 2024 | 2.6% | -16 points |
ARLP's operating margin was 24% last quarter, up 6.1 points from the same quarter a year ago.
ARLP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $194M | +34% |
| Q2 2026 | $103M | +22% |
| Q1 2026 | $9.8M | -83% |
| Q4 2025 | $99.1M | +32% |
| Q3 2025 | $145.2M | +47% |
| Q2 2025 | $84.7M | -26% |
| Q1 2025 | $58.9M | -31% |
| Q4 2024 | $75.3M | +569% |
ARLP's free cash flow has been positive every quarter for seven years: $406M over the past year, up 12% from the year before.
ARLP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +231K shares |
| 3 years | +1.2% | +1.5M shares |
| 5 years | +1.2% | +1.5M shares |
| Available history | +1.2% | +1.5M shares |
ARLP has 129M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $1.2M |
| Q1 2023 | $18.2M |
| Q4 2019 | $17.6M |
ARLP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.5x | Very low |
ARLP's net debt is less than a year of its operating earnings (EBITDA).
ARLP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.3 | Neutral |
| Stochastic | 47.0 | Neutral |
ARLP's weekly RSI is 49 (neutral) and its Stochastic is 47 (neutral).
ARLP PE vs Energy Sector
| Metric | ARLP | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 20% below |
| PE % | 60 | 61 | 1 pt below |
ARLP is trading at 11x earnings, a 20% discount to the Energy sector's median of 13x.
ARLP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.3 | 0.2% below |
| 20 week MA | $25.4 | 0.4% below |
| 50 week MA | $25.3 | 0.2% below |
| 100 week MA | $25.5 | 0.9% below |
| 200 week MA | $23.7 | 6.8% above |
ARLP has fallen below most of its moving averages, though it's still 6.8% above its 200-week average.
ARLP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.3 | $4.51 | -60% |
| 2021 | $4.51 | $11.9 | +163% |
| 2022 | $11.9 | $22.1 | +87% |
| 2023 | $22.1 | $21.2 | -4.3% |
| 2024 | $21.2 | $25.9 | +22% |
| 2025 | $25.9 | $23.5 | -9.2% |
| 2026 YTD | $23.5 | $25.3 | +7.5% |
ARLP's yearly returns have swung widely, from +163% in 2021 to −60% in 2020. It's up 7.5% so far in 2026.