Alliance Resource Partners, L.P. Q2 2026 Earnings Recap

The 4.9% stock increase reflects solid operational execution and better-than-expected results from the Oil & Gas Royalties segment, which delivered record revenue and adjusted EBITDA, supported by higher realized commodity prices and volume growth.

Key Takeaways

• Total revenues rose to $551.6 million, with net income up 33.9% year-over-year to $79.6 million ($0.61 per unit).
• Adjusted EBITDA increased 14.7% to $185.7 million, driven by higher coal volumes, improved cost efficiency, and strength in the Oil & Gas Royalties segment.
• Coal Operations segment saw sales volumes increase 2.1% year-over-year and achieved a 6.3% improvement in adjusted EBITDA expense per ton due to productivity gains and operational investments.
• Oil & Gas Royalties posted record quarterly revenue of $46.5 million (up 31.1%) and adjusted EBITDA of $38 million (up 27.2%), powered by higher prices (+22.7% per BOE) and volume growth.
• Distributable cash flow reached $108.2 million with a distribution coverage ratio of 1.39x, up 39% sequentially, supporting distribution sustainability despite a $6.3 million impairment on digital assets.