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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Diversified Energy Co（DEC）财务数据对比。点击上方公司名可切换其他公司
Diversified Energy Co的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.3倍（$666.5M vs $516.0M），Diversified Energy Co净利率更高（29.3% vs 2.1%，领先27.2%），Diversified Energy Co自由现金流更多（$280.0M vs $13.3M）
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。
DTE能源是一家总部位于底特律的综合能源企业，在美国与加拿大开展能源相关业务的开发与运营。公司业务板块涵盖电力与燃气公用事业，其中电力业务为密歇根州220万客户服务，燃气业务则服务于该州130万客户。
ARLP vs DEC — 直观对比
营收规模更大
DEC
是对方的1.3倍
$516.0M
净利率更高
DEC
高出27.2%
2.1%
自由现金流更多
DEC
多$266.7M
$13.3M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $666.5M |
| 净利润 | $10.7M | $195.5M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 37.6% |
| 净利率 | 2.1% | 29.3% |
| 营收同比 | -3.6% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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
营收ARLPDEC
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $666.5M | ||
| Q3 25 | $571.4M | $499.8M | ||
| Q2 25 | $547.5M | $600.3M | ||
| Q1 25 | $540.5M | — | ||
| Q4 24 | $590.1M | — | ||
| Q3 24 | $613.6M | — | ||
| Q2 24 | $593.4M | — |
净利润ARLPDEC
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $195.5M | ||
| Q3 25 | $95.1M | $171.1M | ||
| Q2 25 | $59.4M | $297.7M | ||
| Q1 25 | $74.0M | — | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $86.3M | — | ||
| Q2 24 | $100.2M | — |
毛利率ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率ARLPDEC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 37.6% | ||
| Q3 25 | 18.4% | 36.2% | ||
| Q2 25 | 16.2% | 48.5% | ||
| Q1 25 | 17.4% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 19.8% | — |
净利率ARLPDEC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 29.3% | ||
| Q3 25 | 16.6% | 34.2% | ||
| Q2 25 | 10.9% | 49.6% | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 14.1% | — | ||
| Q2 24 | 16.9% | — |
每股收益（稀释后）ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.14 | ||
| Q2 25 | — | $3.67 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $28.9M | $29.7M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | — | $984.1M |
| 总资产 | $2.9B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 2.76× |
8季度趋势，按日历期对齐
现金及短期投资ARLPDEC
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $29.7M | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | $23.7M | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | — | ||
| Q2 24 | $203.7M | — |
总债务ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | — | $984.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $727.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总资产ARLPDEC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $6.2B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | $5.7B | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.1B | — |
负债/权益比ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $464.6M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $280.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 42.0% |
| 资本支出强度资本支出/营收 | 18.5% | 27.7% |
| 现金转化率经营现金流/净利润 | — | 2.38× |
| 过去12个月自由现金流最近4个季度 | $342.2M | — |
8季度趋势，按日历期对齐
经营现金流ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $464.6M | ||
| Q3 25 | $209.9M | — | ||
| Q2 25 | $151.7M | $264.1M | ||
| Q1 25 | $145.7M | — | ||
| Q4 24 | $168.4M | — | ||
| Q3 24 | $209.3M | — | ||
| Q2 24 | $215.8M | — |
自由现金流ARLPDEC
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $280.0M | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | — | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | — | ||
| Q2 24 | $114.3M | — |
自由现金流率ARLPDEC
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 42.0% | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 19.3% | — |
资本支出强度ARLPDEC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 27.7% | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.1% | — |
现金转化率ARLPDEC
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.38× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 0.89× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 2.15× | — |
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
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
DEC
暂无分部数据
