Earnings Releases·Oct 26, 2026, 8:00 AM ET

Alliance Resource Partners, L.P. — Third Quarter 2026 Earnings Summary

**Financial Performance:** Total revenues rose 5.5% YoY and 9.3% sequentially to $603.0 million, while net income surged 46.8% YoY and 75.5% sequentially to $139.6 million ($1.08/unit); Adjusted EBITDA increased 26.3% YoY to $233.9 million, supported by a 1.76x distribution coverage ratio.
**Guidance & Outlook:** Full-year 2026 coal sales volume guidance was raised to 34.50–35.50 million short tons with price guidance of $54.25–$54.75/ton; management expects 2027 results to exceed 2026 levels due to full-year mineral contributions and anticipates potential export volume upside.
**Strategic M&A:** The July 1, 2026, $206.2 million acquisition of AllDale III & IV added 48,500 net royalty acres across major basins, significantly boosting the Oil & Gas Royalties segment to a record $43.6 million Adjusted EBITDA.
**Capital Returns & Balance Sheet:** The Board declared a $0.60/unit quarterly distribution ($2.40 annualized) payable November 13, 2026; the partnership maintains a conservative 0.78x net leverage ratio with $430.8 million in total liquidity.