Alliance Resource Partners, L.P. (NASDAQ: ARLP) Reports Quarterly and Annual Financial Results

Alliance Resource Partners, L.P. (ARLP) recently disclosed its quarterly and annual financial outcomes for the quarter and year concluded on December 31, 2024, via an 8-K SEC filing. In the 2024 Quarter, total revenues decreased by 5.6% to $590.1 million compared to the same quarter in 2023. Net income for the quarter was $16.3 million, down from $115.4 million in the prior year, primarily due to lower revenues and increased expenses, including non-cash accruals and impairment charges. Adjusted EBITDA for the 2024 Quarter was $124.0 million, a decrease from $185.4 million reported in 2023.

In the segment results, Coal Operations witnessed a decline in tons sold in Appalachia by 17.1% and 24.6% compared to the 2023 Quarter and Sequential Quarter, respectively. Meanwhile, the Illinois Basin saw an increase in tons sold by 2.8% and 10.5% compared to the 2023 Quarter and Sequential Quarter, respectively. Additionally, the Royalties segment’s Adjusted EBITDA decreased to $25.6 million in the 2024 Quarter compared to $31.0 million in the 2023 Quarter.

ARLP ended the quarter with total debt and finance leases of $490.8 million, including $400 million in recently issued Senior Notes due 2029. The partnership reported total liquidity of $593.9 million at the end of the quarter, which included cash, cash equivalents, and available borrowings.

Regarding future outlook, ARLP expects improved coal production costs to balance out lower market prices, maintaining Coal segment margins. For the Oil & Gas Royalty segment, the partnership aims to grow in this area in 2025. ARLP’s CEO, Joseph W. Craft III, expressed optimism for the future, mentioning the impact of cold weather on natural gas prices and coal consumption, fostering opportunities for the partnership to reach its goal.

The financial filings also provided guidance for the full year 2025, outlining projections for sales tons, sales prices, and expenses in both the Coal Operations and Royalties segments. A conference call to discuss these results and guidance was scheduled for investors.

In 2024, ARLP distributed $0.70 per unit to unitholders for the quarter, consistent with previous periods. The partnership’s outlook for 2025 underscores investments in growth and energy transition initiatives to fortify its position in the evolving energy landscape.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Alliance Resource Partners’s 8K filing here.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.