Alliance Resource Partners LP Q2 2024 Earnings

TL;DR

**ARLP posts $1.16B revenue and $248.3M net income for H1 2024. Solid ops cash flow.**

AI Summary

Alliance Resource Partners, LP reported its financial results for the six months ended June 30, 2024. The company generated total revenues of $1.16 billion for the period. Net income attributable to controlling interests was $248.3 million, or $1.90 per diluted unit. The company also reported cash flows from operations of $575.7 million.

Why It Matters

This filing provides insight into Alliance Resource Partners' financial performance in the first half of 2024, impacting investor decisions and market sentiment for coal and energy companies.

Risk Assessment

Risk Level: medium — The company operates in the volatile coal industry, which faces regulatory and environmental pressures.

Key Numbers

• $1.16 billion — Total Revenues (Generated for the six months ended June 30, 2024.)
• $248.3 million — Net Income (Attributable to controlling interests for the six months ended June 30, 2024.)
• $1.90 — Diluted Earnings Per Unit (For the six months ended June 30, 2024.)
• $575.7 million — Cash Flows from Operations (For the six months ended June 30, 2024.)

Key Players & Entities

• Alliance Resource Partners, LP (company) — Filer of the 10-Q
• 0001086600 (company) — Central Index Key
• BITUMINOUS COAL & LIGNITE SURFACE MINING (company) — Standard Industrial Classification
• 731564280 (company) — IRS Number
• DE (company) — State of Incorporation
• 1717 SOUTH BOULDER AVENUE (company) — Business Street Address
• TULSA (company) — Business City
• OK (company) — Business State
• 74119 (company) — Business Zip Code
• 9182957600 (company) — Business Phone

FAQ

Filing Documents

• arlp-20240630x10q.htm (10-Q) — 3174KB
• arlp-20240630xex3d7.htm (EX-3.7) — 27KB
• arlp-20240630xex3d8.htm (EX-3.8) — 19KB
• arlp-20240630xex3d9.htm (EX-3.9) — 26KB
• arlp-20240630xex31d1.htm (EX-31.1) — 14KB
• arlp-20240630xex31d2.htm (EX-31.2) — 14KB
• arlp-20240630xex32d1.htm (EX-32.1) — 12KB
• arlp-20240630xex32d2.htm (EX-32.2) — 13KB
• arlp-20240630xex95d1.htm (EX-95.1) — 683KB
• arlp-20240630x10q016.gif (GRAPHIC) — 0KB
• 0001558370-24-011365.txt ( ) — 14972KB
• arlp-20240630.xsd (EX-101.SCH) — 60KB
• arlp-20240630_cal.xml (EX-101.CAL) — 69KB
• arlp-20240630_def.xml (EX-101.DEF) — 307KB
• arlp-20240630_lab.xml (EX-101.LAB) — 543KB
• arlp-20240630_pre.xml (EX-101.PRE) — 447KB
• arlp-20240630x10q_htm.xml (XML) — 3638KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Income for the three and six months ended June 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 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 12 11. Equity I nvestments 13 12. Partners' Capital 15 13. Revenue from Contracts with Customers 18 14. Earnings per Limited Partner Unit 19 15. Workers' Compensation and Pneumoconiosis 20 16. Common Unit-Based Compensation Plans 21 17. Components of Pension Plan Net Periodic Benefit Cost 22 18. Segment Information 22 ITEM 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 26 ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 ITEM 4.

Controls and Procedures

Controls and Procedures 38

Forward-Looking Statements

Forward-Looking Statements 39 PART II OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 41 ITEM 1A.

Risk Factors

Risk Factors 41 ITEM 2 . Unregistered Sales of Equity Securities and Use of Proceeds 41 ITEM 3. Defaults Upon Senior Securities 41 ITEM 4. Mine Safety Disclosures 41 ITEM 5. Other Information 42 ITEM 6. Exhibits 42 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) June 30, December 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 203,703 $ 59,813 Trade receivables 226,436 282,622 Other receivables 9,677 9,678 Inventories, net 196,225 127,556 Advance royalties 6,173 7,780 Digital assets 28,335 9,579 Prepaid expenses and other assets 14,492 19,093 Total current assets 685,041 516,121 PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment, at cost 4,350,389 4,172,544 Less accumulated depreciation, depletion and amortization ( 2,240,277 ) ( 2,149,881 ) Total property, plant and equipment, net 2,110,112 2,022,663 OTHER ASSETS: Advance royalties 77,518 71,125 Equity method investments 45,088 46,503 Equity securities 92,541 92,541 Operating lease right-of-use assets 16,694 16,569 Other long-term assets 25,952 22,904 Total other assets 257,793 249,642 TOTAL ASSETS $ 3,052,946 $ 2,788,426 LIABILITIES AND PARTNERS' CAPITAL CURRENT LIABILITIES: Accounts payable $ 131,547 $ 108,269 Accrued taxes other than income taxes 22,291 21,007 Accrued payroll and related expenses 31,569 29,884 Accrued interest 1,821 3,558 Workers' compensation and pneumoconiosis benefits 15,856 15,913 Other current liabilities 46,061 28,498 Current maturities, long-term debt, net 22,029 20,338 Total current liabilities 271,174 227,467 LONG-TERM LIABILITIES: Long-term debt, excluding current maturities, net 461,995 316,821 Pneumoconiosis benefits 130,187 127,249 Accrued pension benefit 7,620 8,618 Workers' compensation 36,532 37,257 Asset retirement obligations 148,284 146,925 Long-term operating lease obligations 14,107 13,661 Deferred income tax liabilities 32,758 33,450 Other liabili

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