Alliance Resource Partners

What Alliance Resource Partners does

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a publicly traded Master Limited Partnership founded in 1999 and headquartered in Tulsa, Oklahoma. ARLP is the second-largest coal producer in the Eastern United States, operating seven underground mining complexes across the Illinois Basin and Appalachia that produce thermal and metallurgical coal for domestic electric utilities, industrial customers, steelmakers, and export markets. Coal production reached 33.2 million tons in 2025, with over 95% of 2026 expected sales volumes already contracted and priced before the year begins, and the company controls 424 million tons of proven and probable coal reserves through wholly-owned subsidiary Alliance Resource Properties. Distribution infrastructure includes the 8 million ton-per-year Mt. Vernon Transfer Terminal on the Ohio River, served by the Evansville Western Railroad.

The company's revenue model blends direct coal production and sales with a growing royalty and minerals business. The oil and gas minerals segment holds approximately 70,000 net royalty acres concentrated in premier U.S. basins (Permian, Anadarko, Williston, Appalachian) with roughly $773 million invested since 2014, generating royalty income from leased acreage. Beyond core operations, ARLP pursues strategic growth investments through subsidiary Matrix Design Group (safety and productivity technology for mining/industrial markets, including the HiVision AI-powered collision avoidance system for material handling), Bitiki KY LLC (cryptocurrency mining monetizing underutilized electricity load, holding 618 bitcoin as of March 2026), and minority stakes in NGP ETP IV, Infinitum, Ascend Elements, and Gavin Generation (a PJM coal-fired power plant). The AllDale Minerals III & IV acquisition (~$206.2M, expected close July 2026) will scale royalty economics from ~5% to 61% aggregate economic interest.

ARLP sells to a concentrated base of enterprise utility, industrial, and steelmaking customers through a dedicated domestic and export field sales team, with contracts structured as fixed-price, index-linked, or cost-adjustment agreements ranging from single trainloads to multi-million-ton deals. The MLP structure passes income through to unitholders, supporting 28 consecutive years of dividend payments and over $4.8 billion in distributions since 1999. The strategic posture is one of cash-generative coal operations funding diversification into royalties, technology, and power assets to mitigate domestic thermal coal secular decline.

Name

Alliance Resource Partners

Legal name

Alliance Resource Partners, L.P.

Website

https://arlp.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alliance Resource Partners is a Tulsa-based Master Limited Partnership and the second-largest coal producer in the Eastern U.S., operating seven underground mining complexes serving utilities, steelmakers, and industrial/export customers while growing an oil & gas royalty portfolio.

Ownership category

akta.pro rank

Product category

Coal Mining and Energy Royalties

NAICS

Support Activities for Coal Mining (213113)

SIC

Oil Royalty Traders (6792), Mineral Royalty Traders (6795)

akta.pro primary industry

Coal Exploration & Resource Development (IMAKAIAE)

akta.pro secondary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Thermal coal production
• Metallurgical coal mining
• Oil gas royalties
• Mineral rights leasing
• Underground mining operations

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Coal Production and Sales: Coal production and marketing through seven underground mining complexes producing thermal and metallurgical coal. Revenue is generated from sales to domestic electric utilities, industrial customers, and steelmaking customers both domestically and for export. Coal sales volumes of approximately 33 million tons per year with majority contracted and priced before the year begins.
2. Oil & Gas Royalties: Royalty income from oil and gas mineral interests concentrated in premier U.S. basins including Permian, Anadarko, Williston, and Appalachian. Revenue generated from leasing mineral interests to operators and receiving royalty payments based on production volumes and commodity prices. Approximately 3.6 million barrels of oil equivalent produced by lessees in 2025, with record volumes driving segment growth.
3. Coal Royalties: Coal royalty income from mineral reserves and resources owned by wholly-owned subsidiary Alliance Resource Properties. Approximately 424 million tons of proven and probable reserves leased to mining complexes under long-term leases with royalty payments based on percentage of sale price or fixed per-ton rates.
4. Matrix Design Group Technology Sales: Revenue from safety and productivity technology products including proximity-detection systems, collision-avoidance systems, communication and tracking systems, and data analytics software for mining and industrial applications.
5. Bitiki Cryptocurrency Mining: Digital asset technology company engaged in crypto-mining activities to monetize underutilized electricity load. As of March 31, 2026, held 618.0 bitcoin valued at approximately $42.2 million and operated 3,702 active miners plus 1,056 hosted machines.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Alliance Resource Partners is a diversified energy Master Limited Partnership that produces and markets thermal and metallurgical coal from seven underground mining complexes in the eastern United States, serving domestic and international electric utilities, industrial customers, and steelmakers. The partnership also generates royalty income from mineral and royalty interests in strategic oil & gas producing regions and from coal reserves leased to its mining complexes, with ancillary investments in mining safety technology and digital asset mining.

Product overview

Alliance Resource Partners is a diversified natural resource company operating three main business segments: Coal Operations (the second largest coal producer in the Eastern U.S. with seven underground mining complexes producing thermal and metallurgical coal), Royalties (oil & gas mineral interests across ~70,000 net royalty acres and coal royalty reserves), and Other Growth Investments (including Matrix Design Group safety technology subsidiary and Bitiki cryptocurrency mining). The company also recently launched HiVision powered by OmniPro Vision AI, an AI-powered collision avoidance system for material handling equipment through a partnership with Hyundai Material Handling.

Differentiator

Problem solved

Functional benefit

Brands

• Matrix: Safety and productivity technology leader for mining and industrial applications, providing hardware, software and analytics platform with leading-edge products and actionable insights
• Bitiki
• HiVision

Products and services

• Coal Operations Production and sale of thermal and metallurgical coal from seven underground mining complexes (River View, Hamilton, Gibson South, Warrior, Tunnel Ridge, MC Mining, Mettiki) for major domestic and international electric utilities, industrial customers, and steelmaking customers. Annual production of approximately 33.2 million tons with diversified heat and sulfur content specifications.
• Oil & Gas Royalties Portfolio of approximately 70,000 net mineral and royalty acres in premier U.S. basins (Permian, Anadarko, Williston/Bakken, Appalachian) leased to oil and gas operators, generating royalty income based on production volumes and commodity prices. Approximately $773 million invested since 2014.
• Coal Royalties Royalty income from approximately 424 million tons of proven and probable coal reserves owned by Alliance Resource Properties and leased to mining complexes under long-term agreements with royalty payments based on a percentage of sale price or fixed per-ton rates.
• Matrix Design Group Safety and Productivity Technology Hardware, software, and analytics platform delivering proximity-detection systems, collision-avoidance systems, communication and tracking systems, and data analytics software for mining and industrial customers. Wholly-owned subsidiary operating from Newburgh, Indiana.
• Bitiki Cryptocurrency Mining Bitcoin mining operations operated through Bitiki KY LLC from Waverly, Kentucky. As of March 31, 2026, held 618.0 bitcoin valued at approximately $42.2 million and operated 3,702 active miners plus 1,056 hosted machines.

Quantifiable outcome

• 33.2 million tons of coal produced in 2025
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Hyundai Material HandlingcoreTechnology or Integration · 9 June 2026Matrix Design Group LLC, a wholly owned subsidiary of Alliance Resource Partners, partnered with Hyundai Material Handling to integrate HiVision powered by OmniPro Vision AI collision avoidance technology into lift truck operations. The AI-powered system uses edge-based detection to identify pedestrians, vehicles and objects, escalating visual alerts from green to yellow to red while triggering speed reduction via CAN-bus integration. Technology was demonstrated at MODEX 2026 in Atlanta. Partnership positioned as foundation for safer, more connected warehouse fleets and future automation capabilities.
• InfinitumminorStrategic or Co-development Partner · 1 January 2022Strategic investment in Infinitum, an innovative developer of more efficient electric motors designed with future generations in mind. Motor design goes beyond efficiency by using fewer resources to produce, less energy to run, and commitment to remanufacture.
• Ascend ElementsminorStrategic or Co-development PartnerInvestment in Ascend Elements, a developer of sustainable battery materials, as part of portfolio reorientation toward growth capital to mitigate decline in coal production and pursue diversification initiatives.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Warrior Met Coal: Pure-play metallurgical coal producer for global steel industry, headquartered in Alabama; comparable to ARLP's metallurgical coal sales to steelmaking customers, though ARLP is more diversified across thermal and royalty segments.
• Arch Resources: Major U.S. metallurgical and thermal coal producer operating in Appalachia and the Illinois Basin; directly comparable to ARLP's coal operations footprint and customer base of utilities and steelmakers.
• Westmoreland Mining: U.S. thermal and lignite coal producer operating multiple mine-mouth complexes serving utility customers; comparable as a coal-only operator with utility-customer focus, though primarily western U.S. and Canada.
• Hallador Energy: Indiana Basin coal producer operating the Sunrise/Somerset complex with a long-term supply contract to Vectren; comparable as a smaller-scale, baseload-oriented thermal coal producer in ARLP's Illinois Basin footprint.
• CONSOL Energy: Pennsylvania-based coal producer focused on high-BTU thermal coal from the Northern Appalachian basin; closely comparable to ARLP's eastern U.S. underground mining model and utility customer base.
• Peabody Energy: Largest U.S. coal producer with thermal and metallurgical coal exposure across similar basins; directly comparable as a publicly traded coal producer with global export reach and a similar diversified strategy.
• Alpha Metallurgical Resources: Largest U.S. metallurgical coal supplier with operations in Appalachia; comparable product mix to ARLP's metallurgical coal business serving global steelmakers.
• Natural Resource Partners: Master limited partnership that owns coal royalties, mineral rights, and coal-related assets; highly comparable to ARLP's royalty strategy and MLP structure, with overlap in coal reserve royalties and diversification efforts.

Broad incumbents

• NACCO Industries: Diversified holding company with coal mining (North American Coal) and Hamilton Beach small appliances; comparable coal-operating subsidiary but ARLP is more purely focused on coal and royalties.

Emerging players

• Blackhawk Mining: Private metallurgical coal producer in Appalachia (former employer of ARLP's Chief Commercial Officer); comparable product mix and basin exposure but smaller scale and private status.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alliance-resource-partners-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alliance Resource Partners