Filing Flows › Alliance Resource Partners LP (ARLP) › Q4 2025
Alliance Resource Partners LP (ARLP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Alliance Resource Partners LP (ARLP) reported revenue of $536M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before. Operating margin was 18.2%, net earnings $82.7M (15.4% of revenue).
Alliance Resource Partners LP, Q4 2025: revenue $536M (-9% year over year), operating margin 18.2%, net earnings $82.7M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $536M | -6% | -9% |
| Operating profit | $97.3M | -7% | +534% |
| Net earnings | $82.7M | -13% | +406% |
| Operating cash flow | $144M | -31% | -15% |
| Free cash flow | $93.8M | — | +25% |
What changed
Revenue was $535.5M in Q4 2025, down 9% year over year and down 6% from the previous quarter. Coal sales was the largest line at 87% of revenue.
Operating profit was $97.3M, a 18.2% margin (up 15.6 points year over year). Total costs fell 24% while revenue fell 9%. The fastest-growing cost line was General & admin (+18%). Net earnings were $82.7M, up 406% year over year. The effective tax rate was 3.8%.
Operating cash flow was $143.9M (down 15% year over year), 172% of net earnings. Non-cash charges added back $76.3M of depreciation and amortization. Working capital and other items used $16.2M. After capital expenditures ($44.8M) and change in accounts payable and accrued liabilities ($5.3M), free cash flow as the company reports it was $93.8M.
Questions
What was Alliance Resource Partners LP's revenue in the fourth quarter 2025?
Alliance Resource Partners LP (ARLP) reported revenue of $536M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before.
Was Alliance Resource Partners LP profitable in the fourth quarter 2025?
Operating profit was $97.3M (18.2% of revenue) and net earnings $82.7M.