ALLIANCE RESOURCE PARTNERS LP

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

ARLP$24.76+1.5%Stored close · as of Nov 9, 2026

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Contents

6. Inventories

6.	INVENTORIES

Inventories consist of the following**:**


· · December 31, ·
· · 2025 · · 2024
· · (in thousands) ·
Coal	$61,528	$37,290
Finished goods (net of reserve for obsolescence of $1,133 and $2,481, respectively)	9,732	14,197
Work in process	2,660	1,560
Raw materials	6,106	7,192
	80,026	60,239
Supplies (net of reserve for obsolescence of $6,901 and $6,409, respectively)	62,593	60,422
Total inventories, net	$142,619	$120,661

The above coal inventory balances reflect lower of cost or net realizable value adjustments of $4.9 million and $24.6 million as of December 31, 2025 and 2024, respectively. The adjustment as of December 31, 2025 is the result of higher cost per ton at the Mettiki Coal, LLC and Mettiki Coal (WV), LLC (collectively “Mettiki”) mining complex due to lower production and challenging geological conditions in the longwall panel that reduced coal recovery. The adjustment as of December 31, 2024 is the result of lower coal sale prices and higher cost per ton primarily due to a longwall move at the Hamilton mining complex, lower production at Mettiki and MC Mining LLC (“MC Mining”) mining complexes, and ongoing development activities at the Henderson County mine at our River View Coal, LLC (“River View”) mining complex.

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