Financial Data and Key Metrics Changes - For the full year 2024, total revenues were $2.4 billion, adjusted EBITDA was $714.2 million, net income was $360.9 million, and earnings per unit were $2.77 [5] - Q4 2024 total revenues were $590.1 million, down from $625.4 million in Q4 2023, primarily due to lower coal and oil and gas prices, reduced coal sales volumes, and lower transportation revenues [5][6] - Net income for Q4 2024 was $16.3 million compared to $115.4 million in Q4 2023, reflecting lower coal sales volumes and realized prices [11] Business Line Data and Key Metrics Changes - Total coal production in Q4 2024 was 6.9 million tons, a decrease of 12.4% compared to Q4 2023, while coal sales volumes decreased by 2.3% to 8.4 million tons [7][8] - In the Illinois Basin, coal sales volumes increased by 2.8% compared to Q4 2023 due to increased volumes from specific mines [7] - Royalty segment revenues in Q4 2024 were $48.5 million, down 8.6% compared to Q4 2023, reflecting lower realized oil and gas commodity pricing [9] Market Data and Key Metrics Changes - The average coal sales price per ton for the full year 2024 was $63.38, close to the record level of $64.17 achieved in 2023 [6] - The total coal sales price per ton in Q4 2024 was $59.97, a decrease of 1% year-over-year and 5.7% sequentially [7] - The company anticipates coal sales volumes in 2025 to be in the range of 32.25 to 34.25 million tons, with over 78% of these volumes committed and priced [14] Company Strategy and Development Direction - The company plans to run two production units at MC Mining for all of 2025 to reduce operating costs [8] - Strategic capital improvements were executed at several mines, and the company remains committed to investing in its oil and gas minerals business [12][19] - The company expects improved coal production costs to counterbalance lower market prices, maintaining coal segment margins near 2024 levels [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about gradually improving market fundamentals and the potential for increased domestic sales in 2025 [15][21] - The company highlighted the importance of coal in meeting growing electricity demand and the strategic need for grid reliability [21][22] - Management noted that the new administration's policies are expected to support the continued operation of coal generation assets [23] Other Important Information - The company generated free cash flow of $383.5 million in 2024 after investing $410.9 million in coal operations [12] - The company declared a quarterly distribution of $0.70 per unit for Q4 2024, unchanged from the previous quarter [13] - The fair value of the company's digital assets was approximately $45 million at year-end 2024, positively impacting net income [24] Q&A Session Summary Question: Impact of recent tariffs on ARLP's business - Management indicated uncertainty regarding the impact of tariffs, suggesting that recent announcements appear to be more about negotiation than creating a tariff war [28][30] Question: Confidence in reaching domestic shipment goals - Management expressed confidence in reaching the 30 million ton goal for domestic shipments, with ongoing conversations expected to conclude soon [32][33] Question: Pricing expectations for 2024 - Management noted that pricing is influenced by supply and demand dynamics, with potential upside if weather conditions are favorable [61][62] Question: Changes in the oil and gas segment - Management acknowledged increased competition for acquiring new properties but remains focused on opportunities in the Permian Basin [84][85]

Financial Performance - Total revenues for the 2024 Quarter decreased by 5.6% to $590.1 million compared to $625.4 million for the 2023 Quarter, primarily due to reduced coal sales volumes[3]. - Net income for the 2024 Quarter was $16.3 million, a decrease of 81.1% compared to $115.4 million in the 2023 Quarter, attributed to lower revenues and higher operating expenses[3][4]. - Adjusted EBITDA for the 2024 Quarter was $124.0 million, down 33.1% from $185.4 million in the 2023 Quarter[3]. - Full year 2024 total revenue was $2.4 billion, with net income of $360.9 million and Adjusted EBITDA of $714.2 million, reflecting a decrease from $2.57 billion, $630.1 million, and $933.1 million respectively in 2023[5]. - Total revenues for Q4 2024 were $590,092, a decrease of 5.7% from $625,422 in Q4 2023[31]. - Net income attributable to ARLP for the year ended December 31, 2024, was $360,855, a decrease of 42.7% from $630,118 in 2023[31]. - Adjusted EBITDA for the year ended December 31, 2024, was $714.23 million, down from $933.08 million in 2023, reflecting a decline of 23.5%[46]. - Free cash flow for the three months ended December 31, 2024, was $75.22 million, significantly up from $3.26 million in the same period of 2023[41]. - Cash flows from operating activities for the year ended December 31, 2024, were $803.13 million, compared to $824.23 million in 2023, a decrease of 2.55%[41]. Sales and Production - Average coal sales price per ton for the 2024 Full Year was $63.38, nearly matching the record of $64.17 achieved in 2023[6]. - Coal sales amounted to $504,618 in Q4 2024, down from $521,972 in Q4 2023, reflecting a decline of 3.4%[31]. - Tons sold in Q4 2024 were 8,415, a decrease of 2.3% compared to 8,613 tons sold in Q4 2023[31]. - For 2025, the company expects coal production costs to improve, maintaining Coal segment margins near 2024 levels, with total sales tons projected between 32.25 million and 34.25 million short tons[16][18]. - The guidance for coal sales price per ton sold is projected at $57.00 to $61.00, with Illinois Basin sales price between $50.00 and $53.00 and Appalachia between $76.00 and $82.00[18]. Oil & Gas Segment - The company completed $9.6 million in oil & gas mineral interest acquisitions during the fourth quarter[3]. - Record full year 2024 oil & gas royalty volumes reached 3.4 million BOE, an increase of 9.6% year-over-year[3]. - Segment Adjusted EBITDA for the Oil & Gas Royalties segment decreased to $25.6 million in the 2024 Quarter, down 17.6% from $31.0 million in the 2023 Quarter[12]. - The company aims to actively pursue growth in the Oil & Gas Royalties segment in 2025, leveraging its cash flow generation profile[16]. - Oil & Gas Royalties are expected to produce 1,550 to 1,650 thousand barrels of oil and 6,100 to 6,500 thousand MCF of natural gas in 2025[18]. Expenses and Liabilities - Operating expenses for the year ended December 31, 2024, were $2,054,579, an increase of 8.5% from $1,894,304 in 2023[31]. - Operating expenses for the three months ended December 31, 2024, increased to $407.09 million from $356.56 million in 2023, marking a rise of 14.1%[43]. - The company recorded asset impairments of $31.13 million for the year ended December 31, 2024, with no impairments reported in 2023[39]. - The litigation expense accrual for the year ended December 31, 2024, was $15.25 million, related to a settlement subject to court approval[39]. - As of December 31, 2024, total debt and finance leases outstanding were $490.8 million, with a total liquidity of $593.9 million, including $137.0 million in cash and cash equivalents[14]. Cash Distribution and Capital Expenditures - The Board approved a cash distribution of $0.70 per unit for the 2024 Quarter, consistent with previous quarters, resulting in an annualized rate of $2.80 per unit[15]. - Capital expenditures for 2024 were $428,741, up from $379,338 in 2023, indicating a 13% increase[33]. - The company expects average annual estimated maintenance capital expenditures to decrease to $7.28 per ton produced in 2025 from $7.76 per ton in 2024[40]. - The company anticipates total capital expenditures between $285 million and $320 million, with maintenance capital expenditures projected at $280 million to $310 million[18]. Assets and Liquidity - Cash and cash equivalents increased to $136,962 at the end of 2024, up from $59,813 at the end of 2023[32]. - Total assets rose to $2,915,730 in 2024, compared to $2,788,426 in 2023, marking an increase of 4.6%[32]. - The company holds 482 bitcoins valued at $45.0 million as of December 31, 2024, contributing to its liquidity[14]. Regulatory Environment - The company expects a more supportive regulatory environment to enhance energy security and address the need for affordable baseload power[16].

Financial Performance - Total revenues for Q3 2024 decreased by 3.6% to $613.6 million compared to $636.5 million in Q3 2023, primarily due to reduced coal sales prices and lower transportation revenues [140]. - Net income attributable to the company for Q3 2024 was $86.3 million, or $0.66 per unit, down from $153.7 million, or $1.18 per unit, in Q3 2023, reflecting lower revenues and increased operating expenses [143]. - Total revenues for the nine months ended September 30, 2024, decreased 4.3% to $1.86 billion compared to $1.94 billion for the same period in 2023, mainly due to lower coal sales and transportation revenues [159]. - Net income attributable to the company for the 2024 Period was $344.5 million, or $2.64 per unit, down from $514.7 million, or $3.93 per unit, in the 2023 Period [161]. Coal Operations - Coal sales decreased to $532.6 million in Q3 2024 from $549.1 million in Q3 2023, driven by a 2.1% decline in average coal sales prices and lower tons sold [144]. - Segment Adjusted EBITDA for coal operations increased by 10.9% to $386.3 million, with per ton costs rising 11.9% to $46.11 per ton sold in Q3 2024 [145]. - Segment Adjusted EBITDA decreased by $55.4 million to $192.3 million in Q3 2024 from $247.7 million in Q3 2023 [152]. - Segment Adjusted EBITDA for Illinois Basin Coal Operations decreased 13.4% to $114.6 million in Q3 2024 from $132.4 million in Q3 2023, primarily due to lower coal sales volumes and higher operating expenses [156]. - Appalachia Coal Operations saw a 49.9% decrease in Segment Adjusted EBITDA to $37.5 million in Q3 2024 from $74.8 million in Q3 2023, attributed to lower coal sales and higher operating expenses [157]. - Coal sales decreased to $1.61 billion for the 2024 Period compared to $1.69 billion for the 2023 Period, with a 3.6% decrease in sales volumes primarily due to reduced domestic demand [163]. - Segment Adjusted EBITDA Expense for coal operations increased 7.4% to $1.10 billion, with per ton costs rising 11.4% to $44.04 per ton sold in the 2024 Period [164]. - Illinois Basin Coal Operations reported a 2.9% increase in coal sales to $1.04 billion, while Segment Adjusted EBITDA decreased by 2.9% to $373.0 million [177]. - Appalachia Coal Operations experienced a 47.8% decline in Segment Adjusted EBITDA to $157.1 million, with coal sales decreasing by 16.3% to $566.8 million [178]. - Coal Royalties Segment Adjusted EBITDA rose to $33.5 million, reflecting higher average royalty rates and increased tons sold [180]. Transportation Revenues - Transportation revenues decreased to $24.6 million in Q3 2024 from $35.0 million in Q3 2023, attributed to lower average third-party transportation rates and decreased coal shipments [151]. - Transportation revenues decreased by $13.6 million to $82.1 million in the 2024 Period, primarily due to decreased coal shipments [169]. Operating Expenses - Total operating expenses increased to $1.48 billion in the 2024 Period from $1.38 billion in the 2023 Period, primarily due to higher cost purchased coal and a $15.3 million litigation expense accrual [160]. - Segment Adjusted EBITDA Expense increased by 8.5% to $1.12 billion, primarily due to higher operating expenses across segments [1]. Cash Flow and Investments - Cash provided by operating activities decreased to $634.7 million in the 2024 Period from $730.3 million in the 2023 Period [190]. - Net cash used in investing activities decreased to $337.4 million for the 2024 Period from $439.4 million in the 2023 Period, primarily due to reduced acquisitions of oil & gas reserves [191]. - Net cash used in financing activities decreased to $161.7 million for the 2024 Period from $389.7 million in the 2023 Period, mainly due to the issuance of Senior Notes and borrowings under Equipment Financing [192]. - The company anticipates total capital expenditures for 2024 to be in the range of $420.0 million to $460.0 million, with average estimated annual maintenance capital expenditures projected at approximately $7.76 per ton produced [193]. - As of September 30, 2024, the company had $195.4 million in cash and cash equivalents, which is expected to be sufficient to meet 2024 cash requirements [193]. Oil & Gas Operations - The company owns oil & gas mineral interests in approximately 69,000 net royalty acres in premier producing regions, supporting its strategy to grow its oil & gas mineral interest business [129]. - The company has committed up to $25.0 million to acquire additional oil & gas mineral interests in the Midland and Delaware Basins for an additional one-year term [131]. - Oil & Gas Royalties Segment Adjusted EBITDA decreased 8.5% to $28.7 million in Q3 2024 compared to $31.4 million in Q3 2023, driven by reduced average sales prices despite an 11.9% increase in volumes sold [158]. - Oil & Gas Royalties Segment Adjusted EBITDA increased to $91.4 million, driven by a 12.3% rise in oil & gas volumes to 2,579 MBOE [179]. Risk Factors - The company is exposed to commodity price risks, particularly in coal, oil, and natural gas, which could significantly impact revenues if prices decline [200]. - Credit risk is primarily associated with domestic electric power generators and reputable global brokerage firms, with measures in place to evaluate and monitor customer creditworthiness [202]. - The company does not have material exposure to currency exchange-rate risks as most transactions are in U.S. dollars, but foreign competitors may gain advantages from currency fluctuations [203]. - Borrowings under the Revolving Credit Facility and Securitization Facility are at variable rates, exposing the company to interest rate risks [204]. - There were no significant changes in the company's quantitative and qualitative disclosures about market risk compared to the previous annual report [205].

Financial Data and Key Metrics Changes - Consolidated revenue for Q3 2024 was $613.6 million, down 3.6% from $636.5 million in the prior year, but up 3.4% sequentially due to higher coal sales tons [12] - Net income attributable to ARLP was $86.3 million or $0.66 per unit, compared to $153.7 million or $1.18 per unit in the year-ago period [12] - Adjusted EBITDA for Q3 2024 was $170.4 million, down from $227.6 million in the prior-year period, reflecting lower revenues and higher operating costs [12] Business Line Data and Key Metrics Changes - Coal sales volumes were 8.4 million tons, essentially in line with the 2023 quarter, but increased 6.7% sequentially [6] - Coal production was 7.8 million tons, down 7.2% year-over-year and 8.1% sequentially [6] - In the Illinois Basin, tons sold increased by 3.1% sequentially, while in Appalachia, tons sold increased by 16.9% compared to the previous quarter [7] Market Data and Key Metrics Changes - Average realized coal sales price per ton sold was $63.57, down 2.1% year-over-year and 2.6% sequentially [8] - Oil and Gas Royalties segment volumes reached 864,000 barrels of oil equivalent, representing an 11.9% increase year-over-year and a 5.8% increase sequentially [11] - Coal royalty volumes increased by 2.3% year-over-year, while coal royalty revenue per ton decreased by 3% compared to the prior year [11] Company Strategy and Development Direction - The company is maintaining its full-year guidance for coal sales volumes and prices, expecting to be closer to the lower end of the ranges [17] - Major capital and infrastructure projects are being advanced to improve productivity and reduce costs starting in early 2025 [22] - The company is focused on leveraging its well-capitalized operations to grow market share amid increasing demand for coal due to electricity needs [26] Management's Comments on Operating Environment and Future Outlook - Management noted that the underlying demand for coal is expected to grow due to nontraditional demand from data centers and AI [23] - The company anticipates that the push for electrification will require more reliable generation capacity, which coal can provide [25] - Management expressed confidence in the long-term fundamentals for electricity demand and the company's position to benefit from this growth [29] Other Important Information - The company generated $209.3 million in cash flow from operating activities in Q3 2024 [13] - Total and net leverage ratios were 0.64 and 0.39 times total debt to trailing 12 months adjusted EBITDA, with liquidity at $657.7 million [13] - The company is actively pursuing acquisitions in the oil and gas royalties segment, closing $10.5 million in transactions during the quarter [27] Q&A Session Summary Question: Opportunities for ramping up export sales in Q4 - Management indicated there are opportunities to participate in the export market in Q4, with ongoing discussions with partners [31] Question: Inventory drawdown expectations - Current inventory at quarter-end was approximately 2 million tons, with expectations to reduce to 0.5 million to 1 million tons by year-end [33] Question: Cost challenges in Appalachia - Management acknowledged that Appalachian costs are above guidance due to challenging mining conditions but noted improvements are expected [35][36] Question: Outlook for committed and priced tons in 2025 - The company added 5.9 million tons of committed and priced tons, primarily from domestic customers, with expectations for margins to remain around 30% [37] Question: Steps to address roof control and maintenance expenses - Management highlighted geological challenges but expressed optimism for improved conditions in upcoming mining panels [39][40] Question: Impact of EPA emissions rule - Management believes the EPA emissions rule may be overturned in court, and if Trump is elected, he could reverse it [56][57]

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE ALLIANCE RESOURCE PARTNERS, L.P. Reports Third Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Updates Committed & Priced Sales Tons 2024 Quarter Highlights ● Third quarter 2024 total revenue of $613.6 million, net income of $86.3 million, and EBITDA of $170.7 million ● Increased oil & gas royalty volumes to 864 MBOE, up 11.9% year-over-year ● Completed $10.5 million in oil & gas mineral interest acquisition ...

Three high-octane income stocks -- sporting yields of 10.4% to 12.8% -- are perfectly positioned to fatten the pocketbooks of patient investors.One of the best aspects about putting your money to work on Wall Street is that you have the ability to chart your own path to financial freedom. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there is no one-size-fits-all strategy that you'll have to stick to.But among these seemingly countless ways to grow your wealth ...

Income investors looking for high yields should take a closer look at master limited partnerships (MLPs). These publicly traded limited partnerships benefit from the liquidity of publicly traded companies while enjoying tax benefits of a private partnership.It is common to find MLPs with high yields above 5%, which make them an attractive option for those seeking income from their investments. This article will discuss three of our top high yield MLPs that we believe will continue to pay high yields to inve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File No.: 0-26823 ALLIANCE RESOURCE PARTNERS, L.P. (Exact name of registrant as specified in its charter) ...

Investors in Alliance Resource Partners (ARLP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2024 $02.50 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...

Background I am a retired engineer. I have a diversified portfolio composed of 49% equity funds, 30% individual stocks, 10% high yield bonds, 5% government bonds, 5% bond funds, and about 1% cash plus cryptocurrency. I invest in bonds and dividend stocks to provide the cash flow required to fund my retirement. That said, I am not just interested in yield. Total return is just as, if not more, important than yield. I wrote three articles this year on how to find investments with superior total returns. The a ...