Alliance Resource Partners LP Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Alliance Resource Partners LP filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing operations and financial performance.</b>

AI Summary

ALLIANCE RESOURCE PARTNERS LP (ARLP) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. Alliance Resource Partners LP reported financial results for the quarter ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. Key segments include Illinois Basin and Appalachia. The company is involved in coal mining and related services. The filing is a 10-Q, indicating a quarterly report.

Why It Matters

For investors and stakeholders tracking ALLIANCE RESOURCE PARTNERS LP, this filing contains several important signals. This 10-Q filing provides investors with an updated view of Alliance Resource Partners LP's financial health and operational performance for the first quarter of 2024. The detailed segment information for Illinois Basin and Appalachia allows for a deeper understanding of the company's revenue streams and operational focus within the coal industry.

Risk Assessment

Risk Level: medium — ALLIANCE RESOURCE PARTNERS LP shows moderate risk based on this filing. The company operates in the coal mining industry, which is subject to significant regulatory, environmental, and market risks, including fluctuating commodity prices and demand for coal.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-Q to assess the company's performance and outlook in the current energy market.

Revenue Breakdown

Key Numbers

• 2024-03-31 — CONFORMED PERIOD OF REPORT (20240331)
• 2024-05-09 — FILED AS OF DATE (20240509)
• 2024-05-09 — DATE AS OF CHANGE (20240509)
• 97 — PUBLIC DOCUMENT COUNT (97)
• 000-26823 — SEC FILE NUMBER (000-26823)
• 24929433 — FILM NUMBER (24929433)

Key Players & Entities

• ALLIANCE RESOURCE PARTNERS LP (company) — FILER
• 0001086600 (company) — CENTRAL INDEX KEY
• DE (company) — STATE OF INCORPORATION
• 731564280 (company) — IRS NUMBER
• 1717 SOUTH BOULDER AVENUE (company) — BUSINESS ADDRESS STREET 1
• TULSA (company) — BUSINESS ADDRESS CITY
• OK (company) — BUSINESS ADDRESS STATE
• 74119 (company) — BUSINESS ADDRESS ZIP

FAQ

Risk Factors

• Market Risks [medium — market]: The company is exposed to market risks associated with fluctuations in coal prices and demand.
• Regulatory Environment [medium — regulatory]: Operations are subject to extensive environmental and safety regulations.
• Operational Challenges [medium — operational]: Mining operations face inherent operational risks and potential disruptions.

Filing Documents

• arlp-20240331x10q.htm (10-Q) — 2237KB
• arlp-20240331xex31d1.htm (EX-31.1) — 14KB
• arlp-20240331xex31d2.htm (EX-31.2) — 14KB
• arlp-20240331xex32d1.htm (EX-32.1) — 12KB
• arlp-20240331xex32d2.htm (EX-32.2) — 13KB
• arlp-20240331xex95d1.htm (EX-95.1) — 685KB
• arlp-20240331x10q013.gif (GRAPHIC) — 0KB
• 0001558370-24-007517.txt (&nbsp;) — 11611KB
• arlp-20240331.xsd (EX-101.SCH) — 61KB
• arlp-20240331_cal.xml (EX-101.CAL) — 69KB
• arlp-20240331_def.xml (EX-101.DEF) — 296KB
• arlp-20240331_lab.xml (EX-101.LAB) — 529KB
• arlp-20240331_pre.xml (EX-101.PRE) — 433KB
• arlp-20240331x10q_htm.xml (XML) — 2453KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Income for the three months ended March 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 4 Notes to Condensed Consolidated Financial Statements 5 1. Organization and Presentation 5 2. New Accounting Standards 6 3. Acquisitions 6 4. Contingencies 7 5. Inventories 7 6. Digital Assets 8 7. Fair Value Measurements 8 8. Long-Term Debt 9 9. Income Taxes 11 10. Variable Interest Entities 11 11. Equity I nvestments 13 12. Partners' Capital 14 13. Revenue from Contracts with Customers 16 14. Earnings per Limited Partner Unit 16 15. Workers' Compensation and Pneumoconiosis 17 16. Common Unit-Based Compensation Plans 18 17. Components of Pension Plan Net Periodic Benefit Cost 19 18. Segment Information 19 ITEM 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 23 ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 30 ITEM 4.

Controls and Procedures

Controls and Procedures 31

Forward-Looking Statements

Forward-Looking Statements 32 PART II OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 34 ITEM 1A.

Risk Factors

Risk Factors 34 ITEM 2 . Unregistered Sales of Equity Securities and Use of Proceeds 34 ITEM 3. Defaults Upon Senior Securities 34 ITEM 4. Mine Safety Disclosures 34 ITEM 5. Other Information 35 ITEM 6. Exhibits 35 i Table of Contents PART I FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except unit data) (Unaudited) March 31, December 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 133,957 $ 59,813 Trade receivables 272,191 282,622 Other receivables 9,208 9,678 Inventories, net 162,197 127,556 Advance royalties 6,173 7,780 Digital assets 30,325 9,579 Prepaid expenses and other assets 16,891 19,093 Total current assets 630,942 516,121 PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment, at cost 4,284,051 4,172,544 Less accumulated depreciation, depletion and amortization ( 2,204,392 ) ( 2,149,881 ) Total property, plant and equipment, net 2,079,659 2,022,663 OTHER ASSETS: Advance royalties 78,933 71,125 Equity method investments 45,693 46,503 Equity securities 92,541 92,541 Operating lease right-of-use assets 16,357 16,569 Other long-term assets 21,662 22,904 Total other assets 255,186 249,642 TOTAL ASSETS $ 2,965,787 $ 2,788,426 LIABILITIES AND PARTNERS' CAPITAL CURRENT LIABILITIES: Accounts payable $ 107,600 $ 108,269 Accrued taxes other than income taxes 21,367 21,007 Accrued payroll and related expenses 27,301 29,884 Accrued interest 9,067 3,558 Workers' compensation and pneumoconiosis benefits 15,913 15,913 Other current liabilities 46,295 28,498 Current maturities, long-term debt, net 76,422 20,338 Total current liabilities 303,965 227,467 LONG-TERM LIABILITIES: Long-term debt, excluding current maturities, net 354,619 316,821 Pneumoconiosis benefits 128,809 127,249 Accrued pension benefit 8,112 8,618 Workers' compensation 36,843 37,257 Asset retirement obligations 147,769 146,925 Long-term operating lease obligations 13,684 13,661 Deferred income tax liabilities 33,060 33,450 Other liabil

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View this 10-Q filing on SEC EDGAR