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Alpha Metallurgical Resources, Inc.（AMR）与ALLIANCE RESOURCE PARTNERS LP（ARLP）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是Alpha Metallurgical Resources, Inc.的1.0倍（$535.5M vs $519.1M）。ALLIANCE RESOURCE PARTNERS LP净利率更高（15.4% vs -3.3%，领先18.8%）。ALLIANCE RESOURCE PARTNERS LP同比增速更快（-9.2% vs -15.7%）。ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$99.1M vs $-10.0M）。过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-9.4% vs -22.4%）
阿尔法冶金资源（前身为康图拉能源）是行业领先的煤炭供应商，在阿巴拉契亚北部和中部拥有地下及露天煤矿综合体，在宾夕法尼亚州、弗吉尼亚州和西弗吉尼亚州坐拥大型煤田，生产用于炼钢的冶金煤和用于发电的动力煤，供应全球下游客户。
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
AMR vs ARLP — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $519.1M | $535.5M |
| 净利润 | $-17.3M | $82.7M |
| 毛利率 | — | — |
| 营业利润率 | -4.1% | 18.2% |
| 净利率 | -3.3% | 15.4% |
| 营收同比 | -15.7% | -9.2% |
| 净利润同比 | -711.2% | 406.2% |
| 每股收益（稀释后） | $-1.35 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $519.1M | $535.5M | ||
| Q3 25 | $525.2M | $571.4M | ||
| Q2 25 | $548.7M | $547.5M | ||
| Q1 25 | $529.7M | $540.5M | ||
| Q4 24 | $615.4M | $590.1M | ||
| Q3 24 | $669.8M | $613.6M | ||
| Q2 24 | $800.1M | $593.4M | ||
| Q1 24 | $861.3M | $651.7M |
| Q4 25 | $-17.3M | $82.7M | ||
| Q3 25 | $-5.5M | $95.1M | ||
| Q2 25 | $-5.0M | $59.4M | ||
| Q1 25 | $-33.9M | $74.0M | ||
| Q4 24 | $-2.1M | $16.3M | ||
| Q3 24 | $3.8M | $86.3M | ||
| Q2 24 | $58.9M | $100.2M | ||
| Q1 24 | $127.0M | $158.1M |
| Q4 25 | -4.1% | 18.2% | ||
| Q3 25 | -0.5% | 18.4% | ||
| Q2 25 | 0.5% | 16.2% | ||
| Q1 25 | -7.6% | 17.4% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 0.8% | 16.5% | ||
| Q2 24 | 8.8% | 19.8% | ||
| Q1 24 | 16.5% | 24.6% |
| Q4 25 | -3.3% | 15.4% | ||
| Q3 25 | -1.1% | 16.6% | ||
| Q2 25 | -0.9% | 10.9% | ||
| Q1 25 | -6.4% | 13.7% | ||
| Q4 24 | -0.3% | 2.8% | ||
| Q3 24 | 0.6% | 14.1% | ||
| Q2 24 | 7.4% | 16.9% | ||
| Q1 24 | 14.7% | 24.3% |
| Q4 25 | $-1.35 | — | ||
| Q3 25 | $-0.42 | — | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-2.60 | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $4.49 | — | ||
| Q1 24 | $9.59 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $415.6M | $71.2M |
| 总债务越低越好 | $9.8M | — |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $2.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
| Q4 25 | $415.6M | $71.2M | ||
| Q3 25 | $457.9M | $94.5M | ||
| Q2 25 | $449.0M | $55.0M | ||
| Q1 25 | $448.0M | $81.3M | ||
| Q4 24 | $481.6M | $137.0M | ||
| Q3 24 | $484.6M | $195.4M | ||
| Q2 24 | $336.1M | $203.7M | ||
| Q1 24 | $269.4M | $134.0M |
| Q4 25 | $9.8M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $3.1M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $5.3M | — | ||
| Q1 24 | $6.0M | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.4B | $2.9B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.5B | $3.0B | ||
| Q2 24 | $2.5B | $3.1B | ||
| Q1 24 | $2.5B | $3.0B |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $19.0M | $143.9M |
| 自由现金流经营现金流 - 资本支出 | $-10.0M | $99.1M |
| 自由现金流率自由现金流/营收 | -1.9% | 18.5% |
| 资本支出强度资本支出/营收 | 5.6% | 8.4% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $17.8M | $387.9M |
8季度趋势，按日历期对齐
| Q4 25 | $19.0M | $143.9M | ||
| Q3 25 | $50.5M | $209.9M | ||
| Q2 25 | $53.2M | $151.7M | ||
| Q1 25 | $22.2M | $145.7M | ||
| Q4 24 | $56.3M | $168.4M | ||
| Q3 24 | $189.5M | $209.3M | ||
| Q2 24 | $138.1M | $215.8M | ||
| Q1 24 | $196.1M | $209.7M |
| Q4 25 | $-10.0M | $99.1M | ||
| Q3 25 | $25.4M | $145.2M | ||
| Q2 25 | $18.6M | $84.7M | ||
| Q1 25 | $-16.3M | $58.9M | ||
| Q4 24 | $13.6M | $75.3M | ||
| Q3 24 | $158.0M | $99.0M | ||
| Q2 24 | $77.0M | $114.3M | ||
| Q1 24 | $132.5M | $85.8M |
| Q4 25 | -1.9% | 18.5% | ||
| Q3 25 | 4.8% | 25.4% | ||
| Q2 25 | 3.4% | 15.5% | ||
| Q1 25 | -3.1% | 10.9% | ||
| Q4 24 | 2.2% | 12.8% | ||
| Q3 24 | 23.6% | 16.1% | ||
| Q2 24 | 9.6% | 19.3% | ||
| Q1 24 | 15.4% | 13.2% |
| Q4 25 | 5.6% | 8.4% | ||
| Q3 25 | 4.8% | 11.3% | ||
| Q2 25 | 6.3% | 12.2% | ||
| Q1 25 | 7.3% | 16.1% | ||
| Q4 24 | 6.9% | 15.8% | ||
| Q3 24 | 4.7% | 18.0% | ||
| Q2 24 | 7.6% | 17.1% | ||
| Q1 24 | 7.4% | 19.0% |
| Q4 25 | — | 1.74× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 10.31× | ||
| Q3 24 | 49.81× | 2.43× | ||
| Q2 24 | 2.34× | 2.15× | ||
| Q1 24 | 1.54× | 1.33× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMR
暂无分部数据
ARLP
| Illinois Basin Segment | $339.0M | 63% |
| Appalachia Segment | $141.4M | 26% |
| Other | $24.2M | 5% |
| Royalties Coal Segment | $22.4M | 4% |
| Shipping And Handling | $10.2M | 2% |
