Alliance Resource Partners, L.P. filings document a Delaware limited partnership with coal operations, mineral royalty interests, and publicly traded limited partner units. Form 8-K reports furnish quarterly and annual operating results, cash distribution announcements, guidance exhibits, and GAAP-to-non-GAAP measures such as Adjusted EBITDA.
The filing record also includes material definitive agreements involving coal reserves, surface rights, supply and services arrangements, and related-party disclosures. Mine-safety reporting covers MSHA matters at operating subsidiaries, including River View Mine, while other disclosures describe subsidiary activity, capital commitments, unitholder distributions, governance by the general partner, and regulatory compliance matters tied to coal mining operations.
Alliance Resource Partners, L.P. reported lower quarterly results for the three months ended March 31, 2026. Total revenues decreased 4.5% to $516,017 (in thousands), mainly from lower coal sales pricing partly offset by record oil & gas royalties and slightly higher coal volumes.
Net income attributable to ARLP fell to $9,094 (in thousands), or $0.07 per unit, from $73,983 (in thousands), or $0.57 per unit, primarily due to a $37,820 (in thousands) non-cash impairment at the Mettiki mine, higher depreciation, and an $11,629 (in thousands) negative fair value change in bitcoin holdings.
Segment Adjusted EBITDA was relatively stable at $179,049 (in thousands). Illinois Basin coal EBITDA declined on weaker pricing and higher costs, while Appalachia coal, Oil & Gas Royalties, and Coal Royalties all improved. The partnership invested in additional Permian Basin royalty acreage and Tunnel Ridge coal reserves and ended the quarter with $507,455 (in thousands) of long-term debt principal outstanding.
Alliance Resource Partners, L.P. reported first‑quarter 2026 results showing sharply lower GAAP earnings but resilient cash generation and strong royalty growth. Total revenues were $516.0 million, down 4.5% from the first quarter of 2025, as lower coal pricing more than offset higher volumes and record oil & gas royalties.
Net income attributable to ARLP fell to $9.1 million, or $0.07 per unit, from $74.0 million, or $0.57 per unit, a decline driven by weaker coal sales, higher depreciation, an $11.6 million unfavorable change in digital asset fair value and a $37.8 million non‑cash impairment tied to ceasing longwall production and uncertainty at the Mettiki mine. Adjusted EBITDA slipped only 3.1% year over year to $155.0 million.
The royalties business was a bright spot. Total royalty revenues rose to $61.2 million, up 16.1% year over year, with Oil & Gas Royalties Segment Adjusted EBITDA increasing to $34.6 million on 16.1% higher BOE volumes. ARLP ended the quarter with $507.7 million of total debt, total liquidity of $431.2 million, and held 618 bitcoins valued at $42.2 million.
The board declared a quarterly cash distribution of $0.60 per unit, annualized at $2.40 per unit. Management reaffirmed a largely contracted coal sales book for 2026, highlighted recovery from weather‑related shipment delays, and raised full‑year 2026 oil & gas volume guidance while maintaining detailed cost and capital expenditure targets.
Alliance Resource Partners, L.P. reported that its indirect subsidiary River View Coal LLC received an imminent danger order from the Mine Safety and Health Administration at the River View Mine on April 1, 2026, under Section 107(a) of the Federal Mine Safety and Health Act of 1977.
The order involved maintenance work on a shuttle car that was determined not to be adequately blocked against motion. Miners were removed from the area, corrective actions were taken, and MSHA terminated the order later the same day. No injuries occurred, and the partnership reserves the right to contest the order and any related citation or proposed assessment.
Alliance Resource Partners (ARLP) outlines a diversified natural resource business built on coal production, coal royalties, and oil & gas mineral interests across major U.S. basins. The partnership is the second largest coal producer in the eastern United States, operating seven underground mining complexes and a river terminal.
In 2025, ARLP produced 33.2 million tons of coal and sold 33.0 million tons, with 89.2% of sales going to domestic electric utilities and 8.6% into export markets. It controls approximately 586.3 million tons of coal reserves and 1.07 billion tons of coal resources, plus about 70,000 oil & gas net royalty acres that generated 3,648 MBbls of BOE production.
ARLP continued to expand its mineral and growth platforms with a $10.0 million Elk Range oil & gas royalty acquisition, an increased Infinitum investment to $82.5 million, and funding of $17.3 million toward a committed investment of up to $25 million in Gavin Generation. It also reports growing bitcoin mining activities, holding 592.01 bitcoin valued at $51.8 million.
ALLIANCE RESOURCE PARTNERS LP senior vice president and COO Thomas M. Wynne reported equity award activity involving restricted and common units. On February 17, 2026, 34,080 restricted units were exercised into 34,080 common units at a stated unit price of $24.37, with no cash paid on exercise.
To cover related tax liabilities, 15,228 common units were withheld at $24.37 per unit as a tax-withholding disposition, leaving Wynne with 908,886.9292 common units held directly after these transactions. In addition, 324,649 common units are held indirectly by Wynne Family LP and 99,745 common units are held through trusts associated with the Wynne family.
ALLIANCE RESOURCE PARTNERS LP senior vice president of sales Timothy J. Whelan reported equity transactions involving restricted and common units. On February 17, 2026, he exercised 29,211 restricted units for 29,211 common units at a stated price of $24.37 per unit. In connection with this vesting, 13,110 common units at $24.37 per unit were surrendered to cover tax liabilities, leaving him with 109,951 common units held directly.
ALLIANCE RESOURCE PARTNERS LP senior vice president Mark Allen Watson reported equity award activity involving restricted and common units. On February 17, 2026, he exercised 12,317 restricted units into 12,317 common units at a price of $24.37 per unit, recorded as a derivative exercise.
To satisfy associated tax obligations at the vesting price of $24.37, 5,711 common units were disposed of through a tax-withholding transaction rather than an open-market sale. After these transactions, he directly held 45,277 common units of the partnership.
ALLIANCE RESOURCE PARTNERS LP senior vice president Kirk Tholen reported equity-based compensation activity involving restricted units and common units. On February 17, 2026, he exercised or converted 34,080 restricted units into the same number of common units at a stated price of $0.00 per unit. After this exercise, his directly held common units increased to 187,857 units.
On the same date, 15,200 common units were disposed of at $24.37 per unit in a transaction coded "F," which represents units withheld to cover tax liability rather than an open-market sale. Following this tax-withholding disposition, Tholen directly owned 172,657 common units.
Alliance Resource Partners LP senior vice president and CFO Cary P. Marshall reported equity award activity involving restricted and common units. On February 17, 2026, 30,945 restricted units were exercised into common units at a reference price of $24.37, with the resulting common units held by the Cary P. Marshall Revocable Trust.
To cover tax liabilities, 13,880 common units were delivered back at the same $24.37 vesting price, reducing the trust’s post-transaction holdings to 1,017,728 common units. Separately, an affiliated entity, Marshall Children LLC, is shown as indirectly holding 93,125 common units.
ALLIANCE RESOURCE PARTNERS LP executive Megan J. Cordle reported equity award activity involving partnership units. She exercised or converted 6,086 restricted units into 6,086 common units on February 17, 2026 at a stated unit price of $24.37, reflecting the vesting of those awards.
To cover related tax liabilities, 2,992 common units were disposed of through a tax-withholding transaction at $24.37 per unit, rather than an open market sale. After these transactions, Cordle directly held 48,442 common units, showing her continuing equity stake in the partnership.