Alliance Resource Partners Yönetim
Yönetim kriter kontrolleri 4/4
Alliance Resource Partners CEO'su Joe Craft, Aug1999 tarihinde atandı, in görev süresi 26.83 yıldır. in toplam yıllık tazminatı $ 1.00 olup, şirket hissesi ve opsiyonları dahil olmak üzere 100% maaş ve 0% ikramiyelerden oluşmaktadır. şirketin hisselerinin 14.61% ine doğrudan sahiptir ve bu hisseler $ 476.96M değerindedir. Yönetim ekibinin ve yönetim kurulunun ortalama görev süresi sırasıyla 4.3 yıl ve 9.3 yıldır.
Anahtar bilgiler
Joe Craft
İcra Kurulu Başkanı
US$1.0
Toplam tazminat
| CEO maaş yüzdesi | 100.00% |
| CEO görev süresi | 26.8yrs |
| CEO sahipliği | 14.6% |
| Yönetim ortalama görev süresi | 4.3yrs |
| Yönetim Kurulu ortalama görev süresi | 9.3yrs |
Son yönetim güncellemeleri
Recent updates
Seeking Alpha • Jun 06
Alliance Resource Partners: High-Yield Is Covered, Cheap, And Getting Safer
Summary Alliance Resource Partners is rated a cautious buy, offering a 9%+ yield, undemanding valuation, and improving balance sheet metrics. ARLP trades at 11.87x forward P/E and 5.2x EV/EBITDA, with a forward P/E dropping to 8.5x by 2028, supporting attractive risk/reward. Distribution coverage sits at 1.0x, with upside potential if coverage returns to 1.3x; payout is expected to hold at $0.60 per unit. Royalty segments are growing, coal remains 80% of EBITDA, and policy support plus global demand provide near-term stability, but commodity and policy risks persist. Read the full article on Seeking AlphaSeeking Alpha • Apr 09
Alliance Resource Partners: A High-Yield Contrarian Bet On Energy Security
Summary Alliance Resource Partners offers a compelling mix of coal mining, oil and gas royalties, and Bitcoin mining, providing a diversified cash flow and a forward yield of over 11%. Despite strong financials and a conservative balance sheet, ARLP trades at a high yield due to market skepticism about coal's long-term viability and ESG concerns. ARLP's increasingly diversified revenue streams and strategic positioning make it resilient to geopolitical tensions and tariffs, potentially thriving in an isolationist environment. While ARLP's distribution appears stable and the balance sheet strong, investors should be prepared for volatility due to commodity price fluctuations. Read the full article on Seeking AlphaSeeking Alpha • Feb 26
Alliance Resource Partners: Well-Positioned To Benefit From Rising U.S. Electricity Demand
Summary Alliance Resource Partners owns seven underground coal complexes in the Illinois and Appalachian basins of the eastern United States with a production volume of ~33 million tons per annum. Approximately 50% of the company's production is shipped to clients by barge using the Ohio River. Moreover, ~80% of ARLP's production is sold to domestic electric utilities. After cumulative investments of $745 million since 2014, Alliance derives ~25% of its adjusted EBITDA from oil, gas and coal royalties. With a portfolio heavily weighted towards U.S. thermal coal, the company is uniquely positioned to benefit from rising electricity demand in the United States. My 'Hold' rating reflects my discomfort buying a thermal coal producer trading close to multi-year highs. Read the full article on Seeking AlphaSeeking Alpha • Feb 10
Alliance Resource Partners: Buying Coal With Diversification, Dividend
Summary Alliance Resource Partners demonstrates consistent financial performance in boring energy businesses with reliable dividends. The continued focus on its coal operations and diversifying into the oil and gas sectors underpin its long-term growth potential. The company made capital improvements in 2024 that should reduce operating expenses in 2025 to offset commodity price decreases. The company uses excess energy to mine bitcoin and hold it on its balance sheet. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
Critically Evaluating The Bull Thesis For Alliance Resource Partners
Summary The coal industry and coal stocks are one of the most hated and neglected areas of the market. Such conditions have historically been an ample source of investment opportunity. Alliance Resource Partners is one of the more attractive investment ideas within this space. Closer examination offers potential insight investors need before diving in headfirst. Read the full article on Seeking Alpha
Yeni Anlatı • Sep 05
High Hopes In Diversification Amid Analysts' Concerns Over Coal's Future And Shrinking Margins
Alliance Resource Partners' strategic financial moves and diversification signal strong investor confidence and potential for growth in earnings and stability.Seeking Alpha • Jul 29
Alliance Resource Partners: The Yield Is Still High And The Case Looks Solid
Summary In March this year, I issued a bullish article on ARLP. Since then, the stock has massively outperformed the S&P 500. In this article I dissect the key data points that have emerged over this period and provide my updated view on the overall investment thesis here. Read the full article on Seeking AlphaSeeking Alpha • Jun 09
Alliance Resource Partners: Good Value, Healthy Dividends, And Upside Potential
Summary Alliance Resource Partners is a diversified natural resource company that generates over a 14% free cash flow yield, pays a healthy dividend, and trades at a P/E of roughly 6x. Environmental, Social, and Governance restraints may be the reason that the opportunity exists, since ARLP's primary product is thermal coal. Guidance for 2024 is similar to last year, when the company paid out $2.80/share in dividends. In addition to thermal coal, the partnership has expanded its supplementary business segments to include a small Bitcoin mining operation, as of Q1 2024. Read the full article on Seeking AlphaSeeking Alpha • May 31
Alliance Resource: Poised For Significant Shareholder Returns
Summary The domestic thermal coal market has significantly more runway than the market is pricing in. Alliance (and its peers) have proven to deliver significant free cash flow even in the face of near all time low natural gas prices. Following a capex-heavy 2024, management will have the opportunity to unlock significant returns through share buybacks in the medium term. The market has not given management credit for the buildout of its oil and gas royalty business worth a third of the company's equity value today. In the long run, Alliance is in the unique position to use years of 'melting ice cube' cash flows to opportunistically expand its capital-light O&G royalty business. Read the full article on Seeking AlphaSeeking Alpha • Mar 25
Alliance Resource Partners: A Transitioning Story That Might Yield Great Results
Summary Alliance Resource Partners is transitioning from the coal business to the Oil & Gas royalty business for long-term survival. The company is actively pursuing new investments in undeveloped oil and gas fields to grow its portfolio of royalties-generating assets. The market is currently undervaluing the company as a coal business, but a successful transition could lead to a re-rate of the stock and a potential 50% upside to $29 per share. Read the full article on Seeking AlphaSeeking Alpha • Jan 30
Alliance Resource Partners: High Distributions To Unitholders
Summary Alliance Resource Partners, L.P. reported its 2023 result yesterday, January 29th, with somewhat disappointing figures from Appalachia towards the end of the year. Alliance Resource Partners has 4 operating mines in the Illinois Basin and 3 in Appalachia, where most mines have a reserve life of 10-20 years. The majority of Alliance Resource Partners' coal sales are in the domestic market, with 87% of committed 2024 sales in the domestic market. Read the full article on Seeking AlphaSeeking Alpha • Oct 11
Alliance Resource Partners: The Dividend And Capital Gains Will Be Transitory In The Long Term
Summary Alliance Resource Partners is riding a boom in coal prices caused by a combination of unique events. The company's fortune up until last year was heavily defined by a blossoming ESG movement with high disdain for fossil fuels. The now faltering old ESG orthodoxy is set to be revived by the recently signed Inflation Reduction Act. The unprecedented fiscal program is about to catalyse an explosion in the climate economy like never before. It's truly vast in its scope and scale and stands to create runway adoption of nuclear and renewable power in the United States. Let's start with the obvious. Coal prices are spiking to new highs as a scramble for energy around the world on the back of post-pandemic economic reopenings and the disruption wrought by Russia's weaponization of energy. EU sanctions have all but shut Russian coal out of its continent and exacerbated a global scramble for the rock. Thermal coal also still remains important for electricity generation around the world. India uses it for 70% of its total electricity needs and China is looking to add 270 GW of coal thermal capacity in the next five years through 2025. Even Germany, Europe's largest economy, has pivoted more heavily to coal in recent months as its nuclear power station shutdowns progressed. Seeking Alpha Tulsa, Oklahoma-based Alliance Resource Partners (ARLP) is now enjoying a near-generational intersection of unique geopolitical events and policy failures. Indeed, US coal prices have surged to a record high past $200/ton. The party has arrived for thermal coal investors with an increased quarterly dividend payout and positive capital gains fully in the swing of the lyrical beat. However, the market sentiment has failed to consider the bigger picture, and whilst the ESG movement might have been too euphoric on its initial timelines for the runway adoption of renewables, the recently signed Inflation Reduction Act represents a step change for the industry. To be clear, coal remains fundamentally incompatible with the drive towards net zero. The Act looks to allocate at least $370 billion to accelerate the drive towards net zero over the next decade. Coal bulls need to understand that this is not the fringe dreams of a small number of environmentalists. It represents what is fast becoming the single most defining change in contemporary American history. The Inflation Reduction Act is simply unprecedented in its scope and scale and represents the most pertinent effort by any government on earth and against any time in human history to heavily influence the winds of change for its entire energy system. The incentives included in the act go beyond the initial $370 billion cost. They will fast become the ignition that sees coal's contribution to the US electricity grid continue to realize a permanent decline. US Demand For Coal Is Eroding As Renewables Become Even Cheaper Coal's contribution to the US electricity grid has been on a structural decline since the start of the new millennium as natural gas took over and renewables experienced explosive growth from a few hundred MWs in the 90s. Energy Information Association Analysts from Credit Suisse in late October published a research note on the Act that highlights just how staggering in scope it is. Firstly, the Act might spend twice as much as the currently earmarked $370 billion figure as many important provisions including subsidies for solar and utility-scale battery storage systems are uncapped tax credits. Essentially, the US government has written a blank check to the renewable industry. The frequently cited figure is wrong. As long as a project meets the terms, the government will award credits. There is no upper ceiling, no budget, and no restrictions. The Act's total spending is likely to be more than $800 billion, 2x more than what the frequently cited figure. When you adjust for the crowding-in effects of private capital layering on top of government subsidies, the total allocated capital into technologies that compete directly with coal could top $1.7 trillion over the next decade until 2032. Consultants from the Boston Consulting Group have estimated that the incentives included in the Act could increase the deployment of zero-carbon energy to up to 80% of electricity production as soon as 2030. This would be ahead of the Energy Information Association chart and would see coal fall to a single-digit per cent by the end of this decade. US solar and wind by 2029 could be the cheapest in the world at less than $5 per MWh due to the Act with utility-scale solar deployments alone set to increase by 40%, around 62 GW, over pre-IRA projections through 2027. Hence whilst the ESG orthodoxy is under siege from the rapacious rise of coal and oil in this distinctive and unique period, it is set to bloom again. The USA's zero-carbon transition, seemingly faltering, has been resuscitated with the terms of the Act that can only be described as an 800-pound gorilla crushing anything that does not adhere to its scope and requirements. The Party Will Come To An End But Not Before Risks Alliance Resource Partners has seen its market cap rise to $3.10 billion on the back of rising coal prices. However, the company's broader valuation is understandably still quite favourable to its bulls with its price to trailing 12-months non-GAAP earnings multiple at 10.34x. Whilst this is higher than its sector median, its drops to 5.11x when forward earnings are considered. Seeking Alpha This represents the most pertinent risk for a contrarian bearish view of the company. The financials are improving with revenue growing to $616 million for its fiscal 2022 second quarter, up 70.1% from its year-ago quarter. Coal prices could stay at their elevated levels for years which would support increased dividend payouts and further gains on the common shares.Seeking Alpha • Sep 30
Alliance Resource Partners: The Second Half Results Should Be Better
Summary Coal prices in the third quarter of 2022 are higher than in the second quarter of the year. The average weekly coal spot price in Appalachia and Illinois Basin increased during the past month. Alliance Resource Partners’ cash and capital structure illustrates a well-performed condition that can assure future benefits for unitholders. Alliance Resource Partners stock is a buy. Alliance Resource Partners, L.P. (ARLP) stock price has increased by more than 50% over the last six months as coal demand increased worldwide. Due to the high natural gas prices in the European Union and the United States, the demand outlook for coal should be strong for the rest of 2022 and 2023. I expect the company's financial results in the second half of 2022 to be better than in 1H 2022. ARLP stock is a buy. Quarterly highlights In its 2Q 2022 financial results, ARLP reported total revenues of $617 million, compared with 2Q 2021 total revenues of $362 million, up 70.1%, driven by higher coal sales prices and volumes and higher oil & gas royalty prices and volumes. The company's adjusted EBITDA increased by 95.7% YoY to $266 million in the second quarter of 2022. "Segment Adjusted EBITDA at our coal operations climbed sharply to $222.6 million for the 2022 Quarter as increased coal sales volumes and prices more than offset continued inflationary cost pressures, supply chain challenges, and ongoing shipping delays due to poor rail performance. Our royalties businesses also continued to benefit from strong energy markets, once again posting record Segment Adjusted EBITDA during the 2022 Quarter," the CEO commented. "ARLP also continued to make progress during the 2022 Quarter on its energy transition strategy we outlined last quarter," he continued. The company produced 8878 thousand tons of coal in 2Q 2022, compared with 7481 thousand tons in 2Q 2021. Also, ARLP sold 8933 thousand tons of coal in the second quarter of 2022, compared with 7846 thousand tons in the same period last year. The company's coal sales increased from $326 million in 2Q 2021 to $532 million in 2Q 2022. Its oil & gas royalties increased from 17 million in 2Q 2021 to $36 million in 2Q 2022. Finally, the company's transportation revenues increased from $12 million in 2Q 2021 to $35 million in 2Q 2022. ARLP reported 2Q 2022 total operating expenses of $441 million in the second quarter of 2022, compared with 2Q 2021 operating revenues of $307 million in the same period last year, driven by increased coal sales volumes and inflationary cost pressures. The company's net income (attributable to ARLP) increased from $44 million in 2Q 2021 to $161 million in 2Q 2022, up 266%. The market outlook In the second quarter of 2022, in Illinois Basin, ARLP sold 5.8 million tons of coal, up 7.5% YoY and down 0.9% QoQ. In Illinois Basin, the company's coal sales price per ton increased by 28.5% YoY and 15.4% QoQ to $49.80. In 2Q 2022, in Appalachia, ARLP sold 3.1 million tons of coal, up 28.1% YoY and 36.1% QoQ. In Appalachia, the company's coal sales price per ton increased by 62.7% YoY and 32.0% QoQ to $77.83. I expect ARLP's coal sales in the second half of 2022 to be higher than in 1H 2022 as high natural gas prices in European Union and the United States caused the demand for coal to increase. In the second quarter of 2022, in Central and Northern Appalachia employment increased. Meanwhile, employment in Illinois Basin increased. According to Figure 1, coal price per ton increased from $218 on 30 September 2021 to $436 on 28 September 2022. Also, we can see that coal prices in the third quarter of 2022 are higher than in 2Q 2022. Figure 1 - Newcastle coal futures tradingeconomics.com Figure 2 shows that the average weekly coal spot price in Central Appalachia increased from $187 per short ton on the week ending 26 August 2022 to $199 in the week ending 23 September 2022. The average weekly coal spot price in Northern Appalachia increased from $146 per short ton in the week ending 26 August 2022 to $182 in the week ending 23 September 2022. Moreover, the average weekly coal spot price in Illinois Basin increased from $190 per short ton in the week ending 26 August 2022 to $197 in the week ending 23 September 2022. Furthermore, according to Figure 3, coal consumption in China and India in 2023 is expected to be higher than in 2022. On the other hand, coal consumption in the United States and Europe in 2023 is expected to be lower than in 2022. However, coal consumption in the United States and EU in 2022 is expected to be higher than in 2021. Figure 4 shows that U.S. coal production in 2022 is expected to be higher than in 2021. However, in 2023, U.S. coal production is expected to decrease. According to ARLP's 2022 full-year guidance, the company expects its coal sales to be between 35.5 to 37.0 million short tons. Based on the current market condition, the company's 2022 coal sales may be more than 37.0 million tons. Figure 2 - Average weekly coal commodity spot prices EIA Figure 3 - Global coal consumption EIA Figure 4 - U.S. coal consumption EIA ARLP performance outlook After the COVID-19 assault on the energy industry and the drop in energy prices, Alliance Resource Partners could recover in 2022 due to the Russian invasion of Ukraine and the following energy shortage. The company's operating condition performed stronger than expectations in the recent quarter. ARLP's cash flow performance represents that the company's operating cash flow of $89 million during the first quarter of 2022 surged about 64% and sat at $146 million in the second quarter of 2022. Albeit a slight decline in the cash generation in 2Q 2022 compared with the previous quarter, ARLP's $106 million cash balance surged amazingly year-over-year compared with its level of $37.7 million during the second quarter of 2021. In short, in light of their up-to-now performance, we can expect stronger cash and capital structure outlook for the rest of 2022. Moreover, the company's growth of 64% in operating cash in the 2Q2022, aligned with a 6% increase in capital expenditure to $62.8 million, resulted in $83.5 million free cash flow in 2Q2022, versus its previous level of $29.8 million at the end of 1Q2022.CEO Tazminat Analizi
| Tarih | Toplam Tazminat | Maaş | Şirket Kazançları |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$243m |
| Dec 31 2025 | n/a | n/a | US$308m |
| Sep 30 2025 | n/a | n/a | US$243m |
| Jun 30 2025 | n/a | n/a | US$233m |
| Mar 31 2025 | n/a | n/a | US$273m |
| Dec 31 2024 | US$1 | US$1 | US$355m |
| Sep 30 2024 | n/a | n/a | US$449m |
| Jun 30 2024 | n/a | n/a | US$514m |
| Mar 31 2024 | n/a | n/a | US$581m |
| Dec 31 2023 | US$1 | US$1 | US$612m |
| Sep 30 2023 | n/a | n/a | US$702m |
| Jun 30 2023 | n/a | n/a | US$714m |
| Mar 31 2023 | n/a | n/a | US$707m |
| Dec 31 2022 | US$1 | US$1 | US$558m |
| Sep 30 2022 | n/a | n/a | US$408m |
| Jun 30 2022 | n/a | n/a | US$301m |
| Mar 31 2022 | n/a | n/a | US$186m |
| Dec 31 2021 | US$1 | US$1 | US$173m |
| Sep 30 2021 | n/a | n/a | US$158m |
| Jun 30 2021 | n/a | n/a | US$129m |
| Mar 31 2021 | n/a | n/a | US$40m |
| Dec 31 2020 | US$1 | US$1 | -US$129m |
| Sep 30 2020 | n/a | n/a | -US$139m |
| Jun 30 2020 | n/a | n/a | -US$128m |
| Mar 31 2020 | n/a | n/a | -US$24m |
| Dec 31 2019 | US$13k | US$1 | US$393m |
Tazminat ve Piyasa: Joe 'nin toplam tazminatı ($USD 1.00 ), US pazarındaki benzer büyüklükteki şirketler için ortalamanın altındadır ($USD 7.03M ).
Tazminat ve Kazançlar: Joe 'in tazminatı, şirketin son bir yıldaki performansıyla tutarlıydı.
CEO
Joe Craft (75 yo)
26.8yrs
Görev süresi
US$1
Tazminat
Mr. Joseph W. Craft, III, J.D., also known as Joe, has the been the President and Chief Executive Officer of Alliance Resource Management GP LLC, the General Partner at Alliance Resource Partners L.P. sinc...
Liderlik Ekibi
| İsim | Pozisyon | Görev süresi | Tazminat | Sahiplik |
|---|---|---|---|---|
| Senior VP & CFO of Alliance Resource Management GP | 3.2yrs | US$1.34m | 0.86% $ 28.2m | |
| Senior VP & COO of Alliance Resource Management GP | 17.3yrs | US$1.85m | 1.04% $ 33.8m | |
| Senior VP | 2.3yrs | US$2.05m | 0.0037% $ 119.8k | |
| Senior VP of Alliance Resource Management GP | 6.5yrs | US$1.87m | 0.13% $ 4.4m | |
| Chairman | 26.8yrs | US$1.00 | 14.61% $ 477.0m | |
| VP, Controller & Chief Accounting Officer of Alliance Resource Management GP | 4.3yrs | Veri yok | 0.038% $ 1.2m | |
| SVP of Operations & Technology and CEO of Matrix Design Group | 1.9yrs | Veri yok | 0.035% $ 1.1m | |
| Senior Vice President of Sales & Marketing - Alliance Coal | 13.1yrs | US$1.28m | 0.085% $ 2.8m | |
| Senior VP & Chief Commercial Officer of Alliance Coal | less than a year | Veri yok | 0.00030% $ 9.8k |
4.3yrs
Ortalama Görev Süresi
61yo
Ortalama Yaş
Deneyimli Yönetim: ARLP 'un yönetim ekibi deneyimli olarak değerlendirilmektedir (ortalama görev süresi 4.3 yıldır).
Yönetim Kurulu Üyeleri
| İsim | Pozisyon | Görev süresi | Tazminat | Sahiplik |
|---|---|---|---|---|
| Chairman | 26.8yrs | US$1.00 | 14.61% $ 477.0m | |
| Independent Director of Alliance Resource Management GP | 7.4yrs | US$267.95k | 0.020% $ 650.2k | |
| Independent Lead Director of Alliance Resource Management GP | 1.9yrs | US$150.00k | Veri yok | |
| Independent Director of Alliance Resource Management GP | 11.2yrs | US$220.00k | 0.016% $ 507.2k | |
| Independent Director of Alliance Resource Management GP | 19.4yrs | US$280.29k | 0.031% $ 1.0m | |
| Independent Director of Alliance Resource Management GP | 1.5yrs | US$12.27k | Veri yok |
9.3yrs
Ortalama Görev Süresi
76.5yo
Ortalama Yaş
Deneyimli Yönetim Kurulu: ARLP 'nin yönetim kurulu üyeleri deneyimli olarak kabul edilir (ortalama görev süresi 9.3 yıldır).
Şirket Analizi ve Finansal Veri Durumu
| Veri | Son Güncelleme (UTC saati) |
|---|---|
| Şirket Analizi | 2026/06/10 00:54 |
| Gün Sonu Hisse Fiyatı | 2026/06/10 00:00 |
| Kazançlar | 2026/03/31 |
| Yıllık Kazançlar | 2025/12/31 |
Veri Kaynakları
Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.
| Paket | Veri | Zaman Çerçevesi | Örnek ABD Kaynağı * |
|---|---|---|---|
| Şirket Finansalları | 10 yıl |
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| Analist Konsensüs Tahminleri | +3 yıl |
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| Piyasa Fiyatları | 30 yıl |
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| Sahiplik | 10 yıl |
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| Yönetim | 10 yıl |
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| Önemli Gelişmeler | 10 yıl |
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* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.
Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.
Analiz Modeli ve Kar Tanesi
Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.
Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.
Endüstri ve Sektör Metrikleri
Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.
Analist Kaynakları
Alliance Resource Partners, L.P. 15 Bu analistlerden 3, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.
| Analist | Kurum |
|---|---|
| Peter Ward | Barclays |
| Mark Levin | Benchmark Company |
| Nathan Martin | Benchmark Company |