Alliance Resource Partners, L.P. (ARLP) has reported its second quarter financial and operating results, declaring a quarterly cash distribution of $0.60 per unit and updating its 2025 guidance. In the second quarter of 2025, total revenue was $547.5 million, net income was $59.4 million, and adjusted EBITDA was $161.9 million. Coal sales volumes increased to 8.4 million tons, up 6.8% year-over-year, and oil & gas royalties volumes increased by 7.7% year-over-year.
However, compared to the same period in 2024, total revenues decreased by 7.7% primarily due to reduced coal sales prices, which declined 11.3%. Net income in the second quarter of 2025 was $59.4 million, down from $100.2 million in the same period in 2024. Adjusted EBITDA for the 2025 quarter was $161.9 million, down from $181.4 million in the 2024 quarter. In the sequential quarter, total revenues increased by $7.0 million due primarily to increased coal sales volumes, which rose 7.9%, partially offset by lower coal sales prices per ton.
For the 2025 period, total revenues decreased 12.6% to $1.09 billion compared to $1.25 billion for the same period in 2024. Net income for the 2025 period was $133.4 million, down from $258.2 million in the 2024 period. Adjusted EBITDA for the 2025 period was $321.9 million, down from $419.9 million for the 2024 period.
In terms of segment results and analysis, coal sales volumes increased by 15.2% in the Illinois Basin and decreased by 16.8% in Appalachia compared to the 2024 quarter. Oil & gas royalties segment adjusted EBITDA decreased to $29.9 million in the 2025 quarter compared to $31.3 million in the 2024 quarter.
ARLP ended the second quarter of 2025 with total debt and finance leases outstanding at $477.4 million and total liquidity of $499.2 million, including $55.0 million of cash and cash equivalents and $444.2 million of borrowings available under its revolving credit and accounts receivable securitization facilities. ARLP also held 542 bitcoins valued at $58.0 million as of June 30, 2025.
The board of directors of its general partner approved a cash distribution to unitholders for the 2025 quarter of $0.60 per unit, payable on August 14, 2025. ARLP also updated its 2025 guidance, reflecting an increase in full-year coal sales guidance in the Illinois Basin and a reduction in expected coal sales tons in the Appalachia region.
CEO Joseph W. Craft III commented on the quarter's performance, highlighting improved outlook for Tunnel Ridge and increased coal shipments. He also emphasized the constructive domestic market fundamentals and the company's cautious optimism for future growth opportunities.
Today the company's shares have moved -3.18% to a price of $27.09. For the full picture, make sure to review ALLIANCE RESOURCE PARTNERS LP's 8-K report.
