Key Highlights

  • 0.60 USD per unit is the third quarter cash distribution of Alliance Resource Partners, L.P. (NASDAQ:ARLP), payable on November 13, 2026 to holders of record on November 6, 2026, or USD 2.40 annualized (calculated).
  • 1.76x is the distribution coverage ratio, with distributable Cash Flow of USD 136.8 million against USD 77.9 million of distributions paid, up from 1.36x a year earlier and 1.38x in the second quarter.
  • 1.08 USD per unit was third quarter net income, against USD 0.73 a year earlier, on revenues of USD 603.0 million and adjusted EBITDA of USD 241.8 million, against USD 185.2 million a year earlier.
  • 0.89x is total Debt to trailing adjusted EBITDA, with debt of USD 679.9 million, Liquidity of USD 430.8 million and 673 bitcoins valued at USD 56.3 million held at September 30, 2026.

Dividend Profile: Yield, Payout and Distribution Record of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

The Partnership declared a quarterly distribution of USD 0.60 per unit, or USD 2.40 annualized, with a Record Date of November 6, 2026 and payment on November 13, 2026. That is a Yield of 9.5% on a price of USD 25.25 (calculated). Distributions paid to partners were USD 77.9 million in the third quarter, against USD 77.8 million in both the second quarter and the year earlier period.

The Rationale: Earnings, Cash Flow and Dividend Coverage at Alliance Resource Partners, L.P. (NASDAQ:ARLP)

For a Master Limited Partnership the measure that matters is distributable cash flow, which was USD 136.8 million against USD 105.7 million a year earlier, so distributions consume about 57% of it (calculated). Net Income attributable to the partnership was USD 139.6 million against USD 95.1 million, and free cash flow reached USD 198.6 million. Coal tons sold were 9.348 million at USD 53.93 per ton, down from USD 58.78, while segment adjusted EBITDA expense fell to USD 35.64 per ton from USD 40.99. Royalties delivered USD 87.5 million of revenue, and oil and gas volumes rose 61.3% to 1.450 million barrels of oil equivalent after the AllDale III and IV acquisition.

Valuation, Balance Sheet and Risks for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Market Capitalization is about USD 3.25 billion. Total debt and finance leases were USD 679.9 million, equal to 0.89x trailing adjusted EBITDA attributable to the partnership, or 0.78x net, with USD 84.8 million of cash and USD 346.0 million of available borrowings. Capital expenditures were USD 59.0 million in the quarter and USD 204.7 million for nine months. Committed and priced coal tons are 35.0 million for 2026 and 31.7 million for 2027, including 3.7 million and 3.0 million export tons. Risks include coal price realizations, export exposure, regulation and Commodity prices for the Royalty segment.

Where Things Stand

Alliance Resource Partners, L.P. (NASDAQ:ARLP) holds a distribution that is well covered, with 1.76x coverage and low Leverage leaving capacity for investment. Updated 2026 guidance calls for total coal sales of 34.50 million to 35.50 million tons at USD 54.25 to USD 54.75 per ton and segment adjusted EBITDA expense of USD 37.50 to USD 38.50 per ton, while oil and gas royalty guidance includes 1.900 million to 2.000 million barrels of oil. Because 35.0 million tons are already committed and priced for 2026, near term Earnings visibility is high. The principal uncertainty is lower realized coal prices than a year ago.