Alliance Resource Partners LP Files 2023 Annual Report

Ticker: ARLP · Form: 10-K · Filed: Feb 23, 2024 · CIK: 1086600

Alliance Resource Partners LP 10-K Filing Summary
FieldDetail
CompanyAlliance Resource Partners LP (ARLP)
Form Type10-K
Filed DateFeb 23, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$177.0 million, $425 million, $15.0 million, $90.0 million, $400.0 million
Sentimentneutral

Sentiment: neutral

Topics: 10-K, Financial Report, Alliance Resource Partners, ARLP, Coal Mining

TL;DR

<b>Alliance Resource Partners LP filed its 2023 10-K, detailing financial positions including $4.81B in assets and $4.39B in debt.</b>

AI Summary

ALLIANCE RESOURCE PARTNERS LP (ARLP) filed a Annual Report (10-K) with the SEC on February 23, 2024. Alliance Resource Partners LP reported total assets of $4.81 billion and total debt of $4.39 billion for the fiscal year ending December 31, 2023. The company's net income and EPS figures for the fiscal year 2023 were not explicitly detailed in the provided snippet. Operating lease liabilities (noncurrent) were $1.36 billion as of December 31, 2023. The filing includes details on related party members and their transactions, with specific dates and amounts not fully enumerated. Key dates mentioned include January 24, 2024, for the ARLP LTIP, and various debt maturity dates ranging from 2025 to 2027.

Why It Matters

For investors and stakeholders tracking ALLIANCE RESOURCE PARTNERS LP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Alliance Resource Partners LP's financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The inclusion of specific financial figures like total assets and debt, along with lease liabilities, offers transparency into the company's balance sheet and its financial commitments.

Risk Assessment

Risk Level: medium — ALLIANCE RESOURCE PARTNERS LP shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information. However, the provided snippet lacks specific performance metrics like revenue and net income, making a precise risk assessment difficult without the full document.

Analyst Insight

Investors should review the full 10-K filing to understand the company's revenue streams, profitability, and any specific risk factors detailed within the business and financial sections.

Financial Highlights

total Assets
4.81
total Debt
4.39

Key Numbers

  • 4.81 — Total Assets (As of December 31, 2023)
  • 4.39 — Total Debt (As of December 31, 2023)
  • 1.36 — Operating Lease Liability (Noncurrent) (As of December 31, 2023)
  • 0.29 — Related Party Member Percentage (Context not fully specified)
  • 5300000 — Related Party Transaction Amount (Context not fully specified)
  • 0.50 — Related Party Transaction Percentage (Context not fully specified)

Key Players & Entities

  • ALLIANCE RESOURCE PARTNERS LP (company) — Filer
  • ARLP (company) — Ticker Symbol
  • 20231231 (date) — Conformed Period of Report
  • 20240223 (date) — Filed as of Date
  • DE (jurisdiction) — State of Incorporation
  • 731564280 (identifier) — IRS Number
  • 9182957600 (phone) — Business Phone
  • Cavalier Minerals Member (company) — Related Party Member

FAQ

When did ALLIANCE RESOURCE PARTNERS LP file this 10-K?

ALLIANCE RESOURCE PARTNERS LP filed this Annual Report (10-K) with the SEC on February 23, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by ALLIANCE RESOURCE PARTNERS LP (ARLP).

Where can I read the original 10-K filing from ALLIANCE RESOURCE PARTNERS LP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ALLIANCE RESOURCE PARTNERS LP.

What are the key takeaways from ALLIANCE RESOURCE PARTNERS LP's 10-K?

ALLIANCE RESOURCE PARTNERS LP filed this 10-K on February 23, 2024. Key takeaways: Alliance Resource Partners LP reported total assets of $4.81 billion and total debt of $4.39 billion for the fiscal year ending December 31, 2023.. The company's net income and EPS figures for the fiscal year 2023 were not explicitly detailed in the provided snippet.. Operating lease liabilities (noncurrent) were $1.36 billion as of December 31, 2023..

Is ALLIANCE RESOURCE PARTNERS LP a risky investment based on this filing?

Based on this 10-K, ALLIANCE RESOURCE PARTNERS LP presents a moderate-risk profile. The filing is a standard 10-K, which typically contains a broad range of information. However, the provided snippet lacks specific performance metrics like revenue and net income, making a precise risk assessment difficult without the full document.

What should investors do after reading ALLIANCE RESOURCE PARTNERS LP's 10-K?

Investors should review the full 10-K filing to understand the company's revenue streams, profitability, and any specific risk factors detailed within the business and financial sections. The overall sentiment from this filing is neutral.

Risk Factors

  • Financial Position [medium — financial]: The company reported significant total assets and total debt, indicating substantial financial leverage and commitments.
  • Segment Operations [low — operational]: Details on operations within the Appalachia and Illinois Basin segments are mentioned, suggesting distinct operational areas.
  • Lease Liabilities [medium — financial]: The company has substantial noncurrent operating lease liabilities, representing long-term financial obligations.

Key Dates

  • 2023-12-31: Fiscal Year End — Reporting period for financial statements

Filing Stats: 4,432 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-02-23 15:29:55

Key Financial Figures

  • $177.0 million — ean Energy Rule Acquisition Gain The $177.0 million non-cash acquisition gain recognized in
  • $425 million — y The Credit Agreement provides for a $425 million revolving credit facility, which includ
  • $15.0 million — facility, which includes a sublimit of $15.0 million for swingline borrowings and permits th
  • $90.0 million — Intermediate Partnership are party to a $90.0 million accounts receivable securitization faci
  • $400.0 million — aggregate original principal amount of $400.0 million of senior unsecured notes due 2025 issu
  • $75 million — oan in an aggregate principal amount of $75 million. Thermal coal Coal used primarily in

Filing Documents

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 28 Item 1B. Unresolved Staff Comments 57 Item 1C. Cybersecurity 57 Item 2.

Properties

Properties 60 Item 3.

Legal Proceedings

Legal Proceedings 77 Item 4. Mine Safety Disclosures 78 PART II Item 5. Market for Registrant's Common Equity, Related Unitholder Matters and Issuer Purchases of Equity Securities 79 Item 6. [Reserved] 80 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 80 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 97 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 99 Report of Independent Registered Public Accounting Firm-Grant Thornton LLP (PCAOB ID Number 248) 100 Consolidated Balance Sheets 102 Consolidated Statements of Income 103 Consolidated Statements of Comprehensive Income 104 Consolidated Statements of Cash Flows 105 Consolidated Statement of Partners' Capital 106

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 107 1. Organization and Presentation 107 2. Summary of Significant Accounting Policies 109 3. Acquisitions 117 4. Inventories 120 5. Property, Plant and Equipment 121 6. Long-Term Debt 122 7. Income Taxes 124 8. Leases 126 9. Fair Value Measurements 127 10. Partners' Capital 127 11. Variable Interest Entities 128 12. E quity Investments 130 13. Revenue From Contracts With Customers 131 14. Earnings Per Limited Partner Unit 132 15. Employee Benefit Plans 133 16. Common Unit-Based Compensation Plans 137 17. Supplemental Cash Flow Information 138 18. Asset Retirement Obligations 139 19. Accrued Workers' Compensation and Pneumoconiosis Benefits 140 20. Related-Party Transactions 142 21. Commitments and Contingencies 144 22. Concentration of Credit Risk and Major Customers 144 23. Segment Information 145 Supplemental Oil & Gas Reserve Information (Unaudited) 148 Schedule I – Condensed Financial Information of Registrant 153 Item 9. Changes in and Disagreements with Accountant on Accounting and Financial Disclosure 155 Item 9A.

Controls and Procedures

Controls and Procedures 155 Item 9B. Other Information 158 PART III Item 10. Directors, Executive Officers and Corporate Governance of the General Partner 159 Item 11.

Executive Compensation

Executive Compensation 164 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters 182 Item 13. Certain Relationships and Related Transactions, and Director Independence 183 Item 14. Principal Accountant Fees and Services 184 PART IV Item 15. Exhibits and Financial Statement Schedules 185 ii Table of Contents GLOSSARY The following are abbreviations and definitions of certain terms used in this document, some of which are defined by authoritative sources and others reflect those we commonly use in the coal and oil & gas industries: 2020 Grants Restricted units that were granted in 2020 2022 Registration Statement In February 2022, we filed with the SEC a universal shelf registration statement which allows us to issue from time to time an indeterminate amount of debt or equity securities. A&D Acquisitions and Divestitures ACE Rule The Affordable Clean Energy Rule Acquisition Gain The $177.0 million non-cash acquisition gain recognized in 2019 related to the acquisition of the remaining interests in AllDale Minerals LP and AllDale Minerals II, LP AGP Alliance GP, LLC AHGP Our subsidiary, Alliance Holdings GP, L.P. AllDale I Our subsidiary, AllDale Minerals, LP AllDale I & II Collectively our subsidiaries, AllDale Minerals, LP and AllDale Minerals II, LP AllDale II Our subsidiary, AllDale Minerals II, LP AllDale III AllDale Minerals III, LP Alliance Coal Alliance Coal, LLC, an indirect wholly owned subsidiary of ARLP Alliance Design Our subsidiary, Alliance Design Group, LLC Alliance Finance Our subsidiary, Alliance Resource Finance Corporation Alliance Minerals Alliance Minerals, LLC, an indirect wholly owned subsidiary of ARLP Alliance Properties Our subsidiary, Alliance Properties, LLC Alliance Resource Properties Alliance Resource Properties, LLC, an indirect wholly owned subsidiary of ARLP Alliance WOR Properties Our subsidiary, Alliance WOR Properties, LLC Allocation Date

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