ALLIANCE RESOURCE PARTNERS LP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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19. Revenue From Contracts With Customers
The following table illustrates the disaggregation of our revenues by type, including a reconciliation to our segment presentation as presented in Note 25 – Segment Information.
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Coal Operations · · Royalties · · Other, · · · · | |||||||||||||||||||
| · · Illinois · · · · · · · · Corporate and · · · · | |||||||||||||||||||
| · · Basin · · Appalachia · · Oil & Gas · · Coal · · Elimination · · Consolidated · | |||||||||||||||||||
| · · (in thousands) · | |||||||||||||||||||
| Year Ended December 31, 2025 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Coal sales | | $1,342,334 | | $590,181 | | $— | | $— | | $— | | $1,932,515 | | ||||||
| Oil & gas royalties | | | — | | | — | | | 137,849 | | | — | | | — | | | 137,849 | |
| Coal royalties | | | — | | | — | | | — | | | 80,471 | | | (80,471) | | | — | |
| Transportation revenues | | | 24,967 | | | 11,645 | | | — | | | — | | | — | | | 36,612 | |
| Other revenues | | | 8,861 | | | 2,877 | | | 1,707 | | | — | | | 74,390 | | | 87,835 | |
| Total revenues | | $1,376,162 | | $604,703 | | $139,556 | | $80,471 | | $(6,081) | | $2,194,811 | | ||||||
| | | | | | | | | | | | | | | | | | | | |
| Year Ended December 31, 2024 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Coal sales | | $1,399,100 | | $712,703 | | $— | | $— | | $— | | $2,111,803 | | ||||||
| Oil & gas royalties | | | — | | | — | | | 138,311 | | | — | | | — | | | 138,311 | |
| Coal royalties | | | — | | | — | | | — | | | 69,676 | | | (69,676) | | | — | |
| Transportation revenues | | | 85,142 | | | 27,448 | | | — | | | — | | | — | | | 112,590 | |
| Other revenues | | | 11,901 | | | 3,091 | | | 825 | | | 65 | | | 70,122 | | | 86,004 | |
| Total revenues | | $1,496,143 | | $743,242 | | $139,136 | | $69,741 | | $446 | | $2,448,708 | | ||||||
| | | | | | | | | | | | | | | | | | | | |
| Year Ended December 31, 2023 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Coal sales | | $1,364,901 | | $845,309 | | $— | | $— | | $— | | $2,210,210 | | ||||||
| Oil & gas royalties | | | — | | | — | | | 137,751 | | | — | | | — | | | 137,751 | |
| Coal royalties | | | — | | | — | | | — | | | 65,572 | | | (65,572) | | | — | |
| Transportation revenues | | | 106,150 | | | 36,140 | | | — | | | — | | | — | | | 142,290 | |
| Other revenues | | | 10,505 | | | 1,885 | | | 3,774 | | | 42 | | | 60,244 | | | 76,450 | |
| Total revenues | | $1,481,556 | | $883,334 | | $141,525 | | $65,614 | | $(5,328) | | $2,566,701 | | ||||||
The following table illustrates the beginning and ending balances of our trade receivables:
| · · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, | |||||||
| · 2025 · · 2024 · · 2023 · | |||||||
| · · (in thousands) · | |||||||
| Beginning balance | $166,829 | | $282,622 | | $241,412 | | |
| Ending balance | | $129,686 | | $166,829 | | $282,622 | |
The following table illustrates the projected revenue for all coal supply contracts allocated to performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2025 and disaggregated by segment and contract duration.
| | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · 2029 and · · | |||||||||||||||
| · · 2026 · · 2027 · · 2028 · · Thereafter · · Total | |||||||||||||||
| · · (in thousands) | |||||||||||||||
| | | | | | | | | | | | | | | | |
| Illinois Basin Coal Operations coal revenues | | $1,199,480 | | $770,364 | | $453,259 | | $310,474 | | $2,733,577 | |||||
| Appalachia Coal Operations coal revenues | | | 449,944 | | | 298,139 | | | 236,920 | | | 18,000 | | | 1,003,003 |
| Total coal revenues | | $1,649,424 | | $1,068,503 | | $690,179 | | $328,474 | | $3,736,580 | |||||
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