October 26, 2026 - Alliance Resource Partners posted Q3 2026 earnings per unit of $1.08, exceeding expectations and leaving the partnership ample room to cover its freshly declared quarterly distribution of $0.60 per unit.

Cost discipline in coal is doing the work: Segment Adjusted EBITDA Expense per ton sold fell 13.1% year over year, the payoff from years of capital spending at mines like Hamilton, River View, and Tunnel Ridge. CEO Joseph Craft said the investment is 'translating into a lower-cost, more reliable platform.'

The Oil and Gas Royalties segment is now a second growth engine, with the AllDale III and IV acquisition contributing its first full quarter and pushing BOE volumes up 61.3% year over year. The deal added roughly 48,500 net royalty acres across the Permian, Anadarko, Bakken, and Haynesville basins.

The reported GAAP figure also includes several one-time items, including a $16.5 million increase in the fair value of digital assets, an acquisition gain from the remeasurement of the previously held AllDale III equity investment, and a loss on derivative instruments from the AllDale III and IV transaction. Investors parsing the underlying run rate will want to account for those offsets.

Management guided full-year 2026 coal sales of 34.50 to 35.50 million tons and noted that 31.7 million tons are already committed and priced for 2027. Permitting, interconnection, and supply-chain constraints are slowing new generation buildout, extending the life of the existing coal fleet as data center-driven electricity demand shows up in customer coal burn.