Risk Sleuth
ARLP · 10-K filed 26 Feb 2026 · year to 31 Dec 2025

Alliance Resource Partners

38 named things its latest annual report says its results depend on, each in the company's own words. 22 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Louisville Gas and Electric Company

earns from · more than 10% of our total revenuenamed as a risk
In 2025, we derived more than 10% of our total revenue from each of Louisville Gas and Electric Company and American Electric Power Company Inc.Business (Item 1)

American Electric Power Company Inc.

earns from · more than 10% of our total revenuenamed as a risk
In 2025, we derived more than 10% of our total revenue from each of Louisville Gas and Electric Company and American Electric Power Company Inc.Business (Item 1)

U.S. domestic electric utilities

concentrated in · 89.2% of our 2025 tons soldnamed as a risk
Demand for our coal remained concentrated in the domestic power sector, where 89.2% of our 2025 tons sold were purchased by domestic electric utilities and 8.6% were sold into the international markets through brokered transactions.Business (Item 1)

Partners and platforms

Barge transportation

depends on · 45.8% of our 2025 sales volumenamed as a risk
Approximately 45.8% of our 2025 sales volume was initially shipped from the mining complexes by barge, 34.8% was shipped from the mining complexes by rail, and 19.4% was shipped from the mining complexes by truck.Business (Item 1)

CSX

depends onnamed as a risk
If there are disruptions in the transportation services provided by our primary rail or barge carriers that transport our coal and we are unable to find alternative transportation providers to ship our coal, our business could be adversely affected.Risk factors (Item 1A)

Also named by HCC

Unaffiliated oil & gas operators

depends onnamed as a risk
Because we depend on unaffiliated third-party operators for all of the exploration, development, and production of our oil & gas properties, we have little to no control over the operations related to our oil & gas properties.Risk factors (Item 1A)

Other companies

Wildcat Insurance

depends on · $100.0 million per occurrencenamed as a risk
Our property insurance was procured from our wholly owned captive insurance company, Wildcat Insurance.Risk factors (Item 1A)

2029 Senior Notes

$400.0 millionnamed as a risk
For example, if prior to June 15, 2026, a Specified Minerals Disposition (as defined in the indenture governing the 2029 Senior Notes and which involves our oil and gas mineral interests) occurs, we will be required to make an offer to purchase up to 40% of the aggregate principal amount of 2029 Senior Notes.Risk factors (Item 1A)

Alliance Resource Properties

depends on · 73%
Of the 33.0 million tons sold, 73% were leased from Alliance Resource Properties.Business (Item 1)

Infinitum

$82.5 million
On December 31, 2025, we increased our investment in Infinitum to $82.5 million by purchasing $14.9 million of Series F Preferred Stock.Business (Item 1)

Joseph W. Craft III

depends onnamed as a risk
We depend on the leadership and involvement of Mr. Craft.Risk factors (Item 1A)

Places

International coal export markets

earns from · 8.6% of tons soldnamed as a risk
During the year ended December 31, 2025, export tons represented approximately 8.6% of tons sold.Business (Item 1)

Mettiki Mountain View mine

operates in · 1.2 million tonsnamed as a risk
On January 29, 2026, the decision was made to cease longwall production and primarily satisfy remaining contractual commitments from existing inventory.Business (Item 1)

Illinois Basin

concentrated in · 26.1
Our Illinois Basin mining operations are located in western Kentucky, southern Illinois, and southern Indiana.Business (Item 1)

Also named by DUK

Appalachia

operates in · 7.1
Our Appalachian mining operations are located in eastern Kentucky, western Maryland, western Pennsylvania, and northern West Virginia.Business (Item 1)

Permian Basin

concentrated in
Our mineral interest purchases have historically been Permian Basin-weighted in pursuit of the highest risk-adjusted returns.Business (Item 1)

Also named by AESI, APA, AROC, ATO, CRGY, CVX, DINO, DMLP and 20 more

Williston Basin

operates in
These include the Permian (Delaware and Midland), Anadarko (SCOOP/STACK), and Williston (Bakken) Basins.Business (Item 1)

Also named by CHRD, COP, DVN, OKE, TRGP

Ohio River

operates in
Coal produced from the River View complex is transported by overland belt to a barge loading facility on the Ohio River.Business (Item 1)

Also named by AM, AR

Anadarko Basin

operates in
These include the Permian (Delaware and Midland), Anadarko (SCOOP/STACK), and Williston (Bakken) Basins.Business (Item 1)

Also named by DVN

Commodities and inputs

Surety bonds

depends on · $237.8 millionnamed as a risk
At December 31, 2025, our total of such bonds was $237.8 million.Risk factors (Item 1A)

Also named by DHI, ECG, EME, FIX, LEN, PRIM, PWR, WCN

Bitcoin

exposed to its price · 592.01 bitcoin valued at $51.8 million
We hold 592.01 bitcoin valued at $51.8 million as of December 31, 2025.Business (Item 1)

Also named by BLK, BMNR, COIN, GLXY, MSTR, SNEX, XYZ

Crude oil

exposed to its pricenamed as a risk
Also, a significant decline in oil & gas prices would have a significant impact on our oil & gas royalty revenues.Market risk (Item 7A)

Also named by AESI, ALK, APA, BDX, CFR, CL, CLMT, COP and 48 more

Natural gas

exposed to its pricenamed as a risk
Our primary competition is from natural gas-fired plants that are relatively more efficient and less difficult to permit than coal-fired plants.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Steel

exposed to its pricenamed as a risk
While the ultimate impact of these tariffs is unknown at this time, a portion of our coal production is used by end users to produce steel, and we use a significant amount of steel in our own operations.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Coal

exposed to its pricenamed as a risk
Our results of operations are highly dependent upon the prices we receive for our coal, oil and natural gas.Market risk (Item 7A)

Also named by AA, AEE, AEP, AES, BKH, BRK/B, CNP, CSX and 19 more

Regulators

Mine Safety and Health Administration (MSHA)

subject tonamed as a risk
MSHA monitors and rigorously enforces compliance with these federal laws and regulations.Business (Item 1)

Also named by AESI, BTU, CDE, GVA, HCC, HL, MLM, MP and 4 more

Texas Railroad Commission (TRRC)

subject tonamed as a risk
Most recently, in May 2025, the TRRC released updated guidance for disposal well permits in the Permian Basis that placed new limits on maximum injection pressure and volumes to ensure safety.Risk factors (Item 1A)

Also named by CRGY, ET, FANG, L, LB, VNOM, WES, WMB and 1 more

Oklahoma Corporation Commission

subject tonamed as a risk
For example, the Oklahoma Corporation Commission (“OCC”) has released guidance to operators in the SCOOP and STACK areas for management of certain seismic activity that may be related to hydraulic fracturing activities, and has at times ordered well closures in response to seismic activities.Risk factors (Item 1A)

Also named by DMLP, EXP, OGE

DOL Office of Workers' Compensation Programs (OWCP)

subject tonamed as a risk
The impact of OWCP’s new actuarial assumptions is presently under review but can result in the Partnership’s estimated pneumoconiosis benefits obligations increasing significantly.Business (Item 1)

Laws and programs

U.S. Section 232 steel tariffs

subject to · 25% tariff on steel imports, which was increased to 50%named as a risk
For example, on March 12, 2025, the U.S. government imposed a 25% tariff on steel imports, which was increased to 50% on June 4, 2025, and on April 2, 2025, the U.S. government announced a 10% tariff on product imports from almost all foreign countries and individualized higher tariffs on certain other countries.Risk factors (Item 1A)

Also named by AESI, CLF, ET, JBI, NUE, RBC, SUN, SUNC and 2 more

Surface Mining Control and Reclamation Act (SMCRA)

subject to · $157.6 millionnamed as a risk
We have accrued $157.6 million for the estimated costs of reclamation and mine closing, including the cost of treating mine water discharge when necessary.Business (Item 1)

Also named by BTU, HCC, NRP

Black Lung Benefits Act

subject to · $31.7 millionnamed as a risk
The Partnership recognized expenses related to the BLBA excise tax of $31.7 million for the year ended December 31, 2025.Business (Item 1)

Also named by HCC

Mercury and Air Toxics Standards (MATS)

subject tonamed as a risk
Further, far-reaching federal regulations promulgated by the EPA in the last several years, such as MATS, have led to the retirement of coal-fired generating units and a significant reduction in the amount of coal-fired generating capacity in the United States.Risk factors (Item 1A)

Also named by NRG, NRP

Clean Water Act Section 404

subject tonamed as a risk
Currently, significant uncertainty exists regarding the obtaining of permits under the CWA for coal mining operations in Appalachia due to various initiatives launched by the EPA regarding these permits.Business (Item 1)

Also named by HCC, MOS

MSHA respirable crystalline silica rule

subject tonamed as a risk
In April 2024, MSHA adopted a rule on respirable crystalline silica, most commonly found in the mining environment through quartz.Business (Item 1)

Also named by AESI

EPA power plant GHG rule (May 2024)

subject tonamed as a risk
In May 2024, the EPA finalized a rule that repealed the ACE rule and established GHG standards and guidelines that require coal fired power plants to (1) convert to natural gas co-firing by January 1, 2030 and then retire by 2039, (2) install by 2032 carbon capture and sequestration technology capable of capturing 90% of all CO2 emissions, or (3) cease operations by 2032.Business (Item 1)

Also named by VST

New York Climate Superfund Act

subject tonamed as a risk
We, among others, have been identified by New York as a potentially responsible party under the law but, to date, have not received any cost recovery demands.Risk factors (Item 1A)

CCR and ELG rules

subject tonamed as a risk
Such retirements may adversely affect the demand for our coal.Business (Item 1)