Alliance Resource Partners LP Files Q3 2024 10-Q

TL;DR

ARLP's Q3 2024 10-Q is in. Check financials for energy & transport performance.

AI Summary

Alliance Resource Partners, LP (ARLP) filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operational updates. Key financial metrics and business segments are presented, reflecting the company's activities in the energy and transportation sectors.

Why It Matters

This filing provides investors and analysts with the latest financial and operational data for Alliance Resource Partners, LP, crucial for understanding the company's current performance and future outlook.

Risk Assessment

Risk Level: medium — The company operates in the volatile coal and energy sector, which is subject to significant market and regulatory risks.

Key Players & Entities

• Alliance Resource Partners, LP (company) — Filer of the 10-Q
• 0001558370-24-014867 (other) — Accession Number for the filing
• 20240930 (date) — Period of report
• 20241107 (date) — Filing date
• Tulsa, OK (location) — Company headquarters

FAQ

Filing Documents

• arlp-20240930x10q.htm (10-Q) — 3301KB
• arlp-20240930xex31d1.htm (EX-31.1) — 14KB
• arlp-20240930xex31d2.htm (EX-31.2) — 14KB
• arlp-20240930xex32d1.htm (EX-32.1) — 12KB
• arlp-20240930xex32d2.htm (EX-32.2) — 13KB
• arlp-20240930xex95d1.htm (EX-95.1) — 683KB
• arlp-20240930x10q017.gif (GRAPHIC) — 0KB
• 0001558370-24-014867.txt ( ) — 15501KB
• arlp-20240930.xsd (EX-101.SCH) — 61KB
• arlp-20240930_cal.xml (EX-101.CAL) — 69KB
• arlp-20240930_def.xml (EX-101.DEF) — 310KB
• arlp-20240930_lab.xml (EX-101.LAB) — 560KB
• arlp-20240930_pre.xml (EX-101.PRE) — 453KB
• arlp-20240930x10q_htm.xml (XML) — 3869KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) ALLIANCE RESOURCE PARTNERS, L.P. AND SUBSIDIARIES Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the nine months ended September 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) September 30, December 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 195,429 $ 59,813 Trade receivables 198,647 282,622 Other receivables 10,015 9,678 Inventories, net 177,503 127,556 Advance royalties 6,170 7,780 Digital assets 28,959 9,579 Prepaid expenses and other assets 9,785 19,093 Total current assets 626,508 516,121 PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment, at cost 4,451,796 4,172,544 Less accumulated depreciation, depletion and amortization ( 2,290,205 ) ( 2,149,881 ) Total property, plant and equipment, net 2,161,591 2,022,663 OTHER ASSETS: Advance royalties 76,295 71,125 Equity method investments 36,902 46,503 Equity securities 92,541 92,541 Operating lease right-of-use assets 16,092 16,569 Other long-term assets 22,244 22,904 Total other assets 244,074 249,642 TOTAL ASSETS $ 3,032,173 $ 2,788,426 LIABILITIES AND PARTNERS' CAPITAL CURRENT LIABILITIES: Accounts payable $ 115,719 $ 108,269 Accrued taxes other than income taxes 21,336 21,007 Accrued payroll and related expenses 32,733 29,884 Accrued interest 10,637 3,558 Workers' compensation and pneumoconiosis benefits 15,790 15,913 Other current liabilities 46,662 28,498 Current maturities, long-term debt, net 22,275 20,338 Total current liabilities 265,152 227,467 LONG-TERM LIABILITIES: Long-term debt, excluding current maturities, net 456,316 316,821 Pneumoconiosis benefits 131,727 127,249 Accrued pension benefit 7,005 8,618 Workers' compensation 36,981 37,257 Asset retirement obligations 148,849 146,925 Long-term operating lease obligations 13,838 13,661 Deferred income tax liabilities 32,019 33,450 Other l

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View this 10-Q filing on SEC EDGAR