ARLP

Alliance Resource Partners

Energy · fiscal year ending 2025-12-31

Through the investors’ lenses

3 of 4 cleared8 of 10 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 4/4

Measure	ARLP	Checked against
Owner earnings	$347.32m	positive	✓
Return on equity	16.9%	US median 2.8%	✓
Debt to equity	0.24x	US median 0.57x	✓
Operating margin	17.6%	US median 3.1%	✓

Passes 4 of 4. These are the measures Warren Buffett published, applied to Alliance Resource Partners’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 1/3

Measure	ARLP	Checked against
Current ratio	2.10x	2.00x published	✓
Long-term debt to working capital	1.89x	1.00x published	✗
Positive earnings, ten years running	5 yrs	10 published	✗

Passes 1 of 3. These are the measures Benjamin Graham published, applied to Alliance Resource Partners’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 1/1

Measure	ARLP	Checked against
Return on capital employed	16.8%	US median 5.1%	✓

Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Alliance Resource Partners’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 2/2

Measure	ARLP	Checked against
Debt to equity	0.24x	US median 0.57x	✓
Net margin	14.2%	US median 2.0%	✓

Passes 2 of 2. These are the measures Peter Lynch published, applied to Alliance Resource Partners’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
Operating cash flow	51.8%	why Before capital spending.
Free cash flow	86.9%	why What producers set distributions against. Check for variable or special dividends before reading a trend.

No GAAP earnings figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.

Spread between highest and lowest: 35.2 percentage points. Same filings, different denominators.

Coverage rating 5 / 100 — Not covered. ? Peer standing 5/50Direction 0/30Stability 0/20

Against its own history: 86.9% this year vs 38.1% median over the prior 5. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.

Free cash flow payout, last 6 years

Fiscal year	Payout
2025-12-31	86.9%
2024-12-31	97.1%
2023-12-31	81.9%
2022-12-31	38.1%
2021-12-31	16.9%
2020-12-31	18.5%

10% of the 31 energy here pay out more — at the demanding end.

The arithmetic

Operating cash flow — dividends paid $337m ÷ operating cash flow $651m
Free cash flow — dividends paid $337m ÷ (operating cash flow $651m − capex $263m)

Where the figures came from

10-K filed 2026-02-26 · accession 0001104659-26-020468

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

What the free cash flow payout ratio measures, and where every company here sits on it.

Also on: rated not covered · when it files.

Who else looks like this

Every figure above is computed from Alliance Resource Partners’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

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