ARLP · ALLIANCE RESOURC Q2 FY2026 earnings call record财报电话会记录

“Compared to the first quarter of 2026, which we refer to as the sequential quarter, total revenues increased 6.9%, net income increased $70.5 million, and adjusted EBITDA increased 19.8%.”

“Total coal sales volumes were 8.6 million tons in the 2026 quarter, up 2.1% compared to the 2025 quarter, and up 8.9% compared to the sequential quarter.”

“Segment adjusted EBITDA from coal operations was $151.7 million, up 6.9% year-over-year and 21.3% sequentially.”

“Segment adjusted EBITDA expense per ton was $38.68, improving 6.3% year-over-year and 6.6% sequentially.”

“In the Illinois Basin, coal sales volumes were 6.4 million tons, down 4.5% year-over-year and up 4.9% sequentially.”

“One of the most notable highlights in the region was segment adjusted EBITDA expense per ton at $46.22, which improved 29.7% year-over-year and 25.7% sequentially due to higher productivity and improved recoveries at Tunnel Ridge.”

“As a result, our total and net leverage ratios were 0.82- and 0.67-times debt to trailing 12 months adjusted EBITDA.”

“Turning to our updated 2026 guidance, we are maintaining our overall coal sales volume guidance of 33.75 million-35.25 million tons, coal sales price guidance of $54-$56 per ton, and total segment adjusted EBITDA expense guidance of $37-$39 per ton.”

“Combining that interest and the existing non-controlling interest in Cavalier Minerals JV, our guidance includes an estimated $13 million-$15 million of net income attributable to non-controlling interest, reflecting six months of AllDale III and IV and a full year of Cavalier.”

“We expect this acquisition to be immediately accretive to ARLP's free cash flow per unit, increasing our estimated distributable cash flow per unit by 8%-9% next year.”

“They're going to need to be called upon to meet the demand that's being discussed by all of our customers in PJM.”

“I think Matthew kind of touched on this, but how should investors think about the balance between, say, debt reduction, additional royalty acquisitions, unit distributions, and maybe even potential unit repurchases over the next 12 to 24 months?”