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Alliance Resource Partners LP vs Natural Resource Partners LP: ARLP and NRP compared
Alliance Resource Partners LP is the larger company: $603M of revenue in its latest quarter (Q3 2026) against $51.3M for Natural Resource Partners LP (Q1 2025). Alliance Resource Partners LP is growing faster (+6% against -22% a year earlier). Natural Resource Partners LP is more profitable, with an operating margin of 83.7% against 24.5%.
Where the money goes: ARLP and NRP
Alliance Resource Partners LP (ARLP) · Q3 2026
Alliance Resource Partners LP, Q3 2026: revenue $603M (+6% year over year), operating margin 24.5%, net earnings $140M, operating cash flow $253M. The chart follows the revenue to costs, profit and cash.
Natural Resource Partners LP (NRP) · Q1 2025
Natural Resource Partners LP, Q1 2025: revenue $51.3M (-22% year over year), operating margin 83.7%, net earnings $40.3M, operating cash flow $34.4M. The chart follows the revenue to costs, profit and cash.
| Alliance Resource Partners LP (ARLP) | Natural Resource Partners LP (NRP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2025 |
| Revenue | $603M | $51.3M |
| Revenue growth, Y/Y | +6% | -22% |
| Operating margin | 24.5% | 83.7% |
| Net earnings | $140M | $40.3M |
| Net margin | 23.1% | 78.5% |
| Operating cash flow | $253M | $34.4M |
| Free cash flow | $199M | — |
| Market value | $3.1B | — |
| P/E | 9.9× | — |
| Analysts’ mean target | $32.33 | — |
Where the revenue comes from
Alliance Resource Partners LP
- Coal sales: $504M (84%)
- Oil & gas royalties: $59.8M (10%)
- Other revenues: $28.8M (5%)
- Transportation revenues: $10.3M (2%)
Questions
Which is bigger, Alliance Resource Partners LP or Natural Resource Partners LP?
Alliance Resource Partners LP is the larger company: $603M of revenue in its latest quarter (Q3 2026) against $51.3M for Natural Resource Partners LP (Q1 2025).
Is Alliance Resource Partners LP or Natural Resource Partners LP growing faster?
Alliance Resource Partners LP is growing faster (+6% against -22% a year earlier).
Which is more profitable, Alliance Resource Partners LP or Natural Resource Partners LP?
Natural Resource Partners LP is more profitable, with an operating margin of 83.7% against 24.5%.
More: Alliance Resource Partners LP earnings · how Alliance Resource Partners LP makes money · Natural Resource Partners LP earnings · how Natural Resource Partners LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed May 6, 2025). Fiscal quarters can end on different dates. Not investment advice.