Quarterly ResultMay 8, 2026, 04:28 PM
Alliance Resource Q1 EPS $0.07; $37.8M Asset Impairment
AI Summary
Alliance Resource Partners LP reported a significant decline in Q1 2026 net income attributable to ARLP to $9.09 million, or $0.07 per unit, down from $73.98 million, or $0.57 per unit, in Q1 2025. This was primarily driven by a $37.8 million asset impairment charge related to the decision to cease longwall production at its Mettiki mining complex. The company also completed two oil & gas royalty acre acquisitions for a total of $14.5 million and saw a decrease in total revenues.
Key Highlights
- Net income attributable to ARLP decreased to $9.09 million in Q1 2026 from $73.98 million in Q1 2025.
- Earnings per limited partner unit (EPS) fell to $0.07 in Q1 2026 from $0.57 in Q1 2025.
- Recorded a $37.8 million asset impairment charge due to ceasing longwall production at Mettiki.
- Total revenues decreased to $516.02 million in Q1 2026 from $540.47 million in Q1 2025.
- Coal sales were $443.28 million in Q1 2026, down from $468.51 million in Q1 2025.
- Oil & gas royalties increased to $41.34 million in Q1 2026 from $36.08 million in Q1 2025.
- Acquired 177 oil & gas net royalty acres for $5.4 million and 397 acres for $9.1 million.
- Cash and cash equivalents decreased to $28.87 million at March 31, 2026, from $71.21 million at December 31, 2025.