Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported fourth-quarter and full-year 2024 financial and operating results. Q4 coal production totaled 8.9 million tons, relatively stable year-over-year. Full-year 2024 coal production reached 34.5 million tons.
Market Capitalization
Alliance Resource Partners had a market capitalization of approximately $3.2-3.4 billion as of February 3, 2026.
Q4 2024 Operating Results
Alliance Resource Partners produced 8.9 million tons of coal in Q4 2024, compared to 8.8 million tons in Q4 2023. Full-year 2024 coal production totaled 34.5 million tons. The company operates through its wholly-owned subsidiary, Alliance Coal, LLC, which operates coal mining operations across the United States.
Coal pricing remained under pressure during the fourth quarter as global coal markets faced headwinds from weak power generation demand and continued oversupply conditions. The company maintained operational efficiency while managing production volumes in line with customer demand.
Operating Performance
Alliance Resource Partners’ operations are concentrated in low-cost, large-scale coal mines. The company operates mines primarily serving the Eastern United States power generation market, with exposure to domestic utility and industrial customers. Production volumes were maintained despite challenging coal market dynamics throughout 2024.
Full-Year 2024 Results
For full-year 2024, Alliance Resource Partners reported consolidated coal production of 34.5 million tons. Operating results reflected the impact of lower coal prices and reduced customer demand in the fourth quarter. The company continued to focus on operational efficiency and cost management across its mining operations.
The company maintained its commitment to returning cash to unitholders through regular quarterly cash distributions. Operating cash flow remained stable despite coal market volatility throughout the year.
Quarterly Coal Production Trend
3-Month Trading Volume Trend
Business and Operations Update
Alliance Resource Partners operates through Alliance Coal, which owns and operates coal mines primarily in the Powder River Basin in Wyoming, the Illinois Basin in Illinois and Indiana, and the Appalachian Basin across Kentucky and West Virginia. The company serves power generation customers, industrial customers, and exports coal to international markets.
During 2024, the company continued optimization of its production operations to respond to shifting market dynamics. Alliance maintained its focus on operational excellence and cost management while navigating coal market headwinds driven by lower natural gas prices and increased renewable energy penetration.
Strategic Developments
Alliance Resource Partners increased its quarterly cash distribution for the fourth quarter. The company maintained its strategy of returning available cash to unitholders while investing in operational improvements across its mining assets.
Outlook
The coal market continues to face structural headwinds from power sector transition, lower natural gas prices, and increased renewable energy capacity additions. Alliance Resource Partners will continue to focus on cost efficiency and production optimization at its low-cost, large-scale mining operations. The company will monitor customer demand trends and adjust production volumes accordingly to optimize profitability and cash generation.
Management noted that global coal markets remain uncertain, with demand pressures from reduced utility generation at coal-fired power plants. The company remains committed to maintaining stable production at its established mines while prioritizing unitholders’ cash distributions based on available cash flow.
Performance Summary
Alliance Resource Partners produced 34.5 million tons of coal in full-year 2024, with Q4 production of 8.9 million tons. The company declared its fourth-quarter 2024 cash distribution. Coal markets remained challenged by weak power generation demand and oversupply conditions. Alliance maintained operational stability across its mining assets while managing production volumes in response to customer demand.