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ALLIANCE RESOURCE PARTNERS LP（ARLP）与IDACORP INC（IDA）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IDACORP INC的1.4倍（$516.0M vs $360.1M），IDACORP INC净利率更高（12.1% vs 2.1%，领先10.0%），ALLIANCE RESOURCE PARTNERS LP同比增速更快（-3.6% vs -4.2%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-216.2M），过去两年ALLIANCE RESOURCE PARTNERS LP的营收复合增速更高（-6.7% vs -7.2%）
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。
IDACORP Inc是注册于美国爱达荷州、总部设在博伊西的电力控股企业，成立于1998年10月1日，旗下拥有爱达荷电力公司、IDACORP金融公司及Ida-West能源公司，业务覆盖电力供应、能源服务及相关配套金融服务领域。
ARLP vs IDA — 直观对比
营收规模更大
ARLP
是对方的1.4倍
$360.1M
营收增速更快
ARLP
高出0.6%
-4.2%
净利率更高
IDA
高出10.0%
2.1%
自由现金流更多
ARLP
多$229.5M
$-216.2M
两年增速更快
ARLP
近两年复合增速
-7.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $360.1M |
| 净利润 | $10.7M | $43.6M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 14.9% |
| 净利率 | 2.1% | 12.1% |
| 营收同比 | -3.6% | -4.2% |
| 净利润同比 | — | 15.1% |
| 每股收益（稀释后） | — | $0.78 |
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ARLPIDA
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $360.1M | ||
| Q3 25 | $571.4M | $526.4M | ||
| Q2 25 | $547.5M | $449.3M | ||
| Q1 25 | $540.5M | $411.1M | ||
| Q4 24 | $590.1M | $375.9M | ||
| Q3 24 | $613.6M | $532.5M | ||
| Q2 24 | $593.4M | $442.6M |
净利润ARLPIDA
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $43.6M | ||
| Q3 25 | $95.1M | $124.4M | ||
| Q2 25 | $59.4M | $95.8M | ||
| Q1 25 | $74.0M | $59.6M | ||
| Q4 24 | $16.3M | $37.9M | ||
| Q3 24 | $86.3M | $113.6M | ||
| Q2 24 | $100.2M | $89.5M |
营业利润率ARLPIDA
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 14.9% | ||
| Q3 25 | 18.4% | 27.5% | ||
| Q2 25 | 16.2% | 22.4% | ||
| Q1 25 | 17.4% | 13.4% | ||
| Q4 24 | 2.6% | 11.0% | ||
| Q3 24 | 16.5% | 25.1% | ||
| Q2 24 | 19.8% | 23.3% |
净利率ARLPIDA
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 12.1% | ||
| Q3 25 | 16.6% | 23.6% | ||
| Q2 25 | 10.9% | 21.3% | ||
| Q1 25 | 13.7% | 14.5% | ||
| Q4 24 | 2.8% | 10.1% | ||
| Q3 24 | 14.1% | 21.3% | ||
| Q2 24 | 16.9% | 20.2% |
每股收益（稀释后）ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | — | $0.78 | ||
| Q3 25 | — | $2.26 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $1.10 | ||
| Q4 24 | — | $0.72 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $1.71 |
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 | $215.7M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | — | $3.6B |
| 总资产 | $2.9B | $10.2B |
| 负债/权益比越低杠杆越低 | — | 0.93× |
8季度趋势，按日历期对齐
现金及短期投资ARLPIDA
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $215.7M | ||
| Q3 25 | $94.5M | $333.2M | ||
| Q2 25 | $55.0M | $474.5M | ||
| Q1 25 | $81.3M | $634.5M | ||
| Q4 24 | $137.0M | $368.9M | ||
| Q3 24 | $195.4M | $427.9M | ||
| Q2 24 | $203.7M | $169.6M |
总债务ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.2B |
总资产ARLPIDA
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $10.2B | ||
| Q3 25 | $2.9B | $10.1B | ||
| Q2 25 | $2.9B | $9.9B | ||
| Q1 25 | $2.9B | $9.6B | ||
| Q4 24 | $2.9B | $9.2B | ||
| Q3 24 | $3.0B | $9.1B | ||
| Q2 24 | $3.1B | $8.7B |
负债/权益比ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.92× | ||
| 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 | — | $137.8M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-216.2M |
| 自由现金流率自由现金流/营收 | 2.6% | -60.0% |
| 资本支出强度资本支出/营收 | 18.5% | 98.3% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $-577.5M |
8季度趋势，按日历期对齐
经营现金流ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $137.8M | ||
| Q3 25 | $209.9M | $162.8M | ||
| Q2 25 | $151.7M | $176.9M | ||
| Q1 25 | $145.7M | $124.3M | ||
| Q4 24 | $168.4M | $136.4M | ||
| Q3 24 | $209.3M | $201.9M | ||
| Q2 24 | $215.8M | $146.4M |
自由现金流ARLPIDA
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-216.2M | ||
| Q3 25 | $145.2M | $-127.9M | ||
| Q2 25 | $84.7M | $-156.4M | ||
| Q1 25 | $58.9M | $-77.0M | ||
| Q4 24 | $75.3M | $-48.9M | ||
| Q3 24 | $99.0M | $-16.1M | ||
| Q2 24 | $114.3M | $-199.6M |
自由现金流率ARLPIDA
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -60.0% | ||
| Q3 25 | 25.4% | -24.3% | ||
| Q2 25 | 15.5% | -34.8% | ||
| Q1 25 | 10.9% | -18.7% | ||
| Q4 24 | 12.8% | -13.0% | ||
| Q3 24 | 16.1% | -3.0% | ||
| Q2 24 | 19.3% | -45.1% |
资本支出强度ARLPIDA
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 98.3% | ||
| Q3 25 | 11.3% | 55.2% | ||
| Q2 25 | 12.2% | 74.2% | ||
| Q1 25 | 16.1% | 49.0% | ||
| Q4 24 | 15.8% | 49.3% | ||
| Q3 24 | 18.0% | 41.0% | ||
| Q2 24 | 17.1% | 78.2% |
现金转化率ARLPIDA
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 3.16× | ||
| Q3 25 | 2.21× | 1.31× | ||
| Q2 25 | 2.55× | 1.85× | ||
| Q1 25 | 1.97× | 2.08× | ||
| Q4 24 | 10.31× | 3.60× | ||
| Q3 24 | 2.43× | 1.78× | ||
| Q2 24 | 2.15× | 1.63× |
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% |
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
