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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的2.0倍（$516.0M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 2.1%，领先144.7%），Liberty Broadband Corp同比增速更快（6.1% vs -3.6%），Liberty Broadband Corp自由现金流更多（$37.0M vs $13.3M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -6.7%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
ARLP vs LBRDA — 直观对比
营收规模更大
ARLP
是对方的2.0倍
$261.0M
营收增速更快
LBRDA
高出9.7%
-3.6%
净利率更高
LBRDA
高出144.7%
2.1%
自由现金流更多
LBRDA
多$23.7M
$13.3M
两年增速更快
LBRDA
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $261.0M |
| 净利润 | $10.7M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 15.7% |
| 净利率 | 2.1% | 146.7% |
| 营收同比 | -3.6% | 6.1% |
| 净利润同比 | — | 96.4% |
| 每股收益（稀释后） | — | $2.68 |
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ARLPLBRDA
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | — | ||
| Q3 25 | $571.4M | — | ||
| Q2 25 | $547.5M | $261.0M | ||
| Q1 25 | $540.5M | $266.0M | ||
| Q4 24 | $590.1M | $263.0M | ||
| Q3 24 | $613.6M | $262.0M | ||
| Q2 24 | $593.4M | $246.0M |
净利润ARLPLBRDA
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | — | ||
| Q3 25 | $95.1M | — | ||
| Q2 25 | $59.4M | $383.0M | ||
| Q1 25 | $74.0M | $268.0M | ||
| Q4 24 | $16.3M | $291.0M | ||
| Q3 24 | $86.3M | $142.0M | ||
| Q2 24 | $100.2M | $195.0M |
营业利润率ARLPLBRDA
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 16.2% | 15.7% | ||
| Q1 25 | 17.4% | 16.2% | ||
| Q4 24 | 2.6% | 4.9% | ||
| Q3 24 | 16.5% | 11.5% | ||
| Q2 24 | 19.8% | 8.5% |
净利率ARLPLBRDA
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 10.9% | 146.7% | ||
| Q1 25 | 13.7% | 100.8% | ||
| Q4 24 | 2.8% | 110.6% | ||
| Q3 24 | 14.1% | 54.2% | ||
| Q2 24 | 16.9% | 79.3% |
每股收益（稀释后）ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.68 | ||
| Q1 25 | — | $1.87 | ||
| Q4 24 | — | $2.04 | ||
| Q3 24 | — | $0.99 | ||
| Q2 24 | — | $1.36 |
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 | $180.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | — | $10.4B |
| 总资产 | $2.9B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ARLPLBRDA
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | $180.0M | ||
| Q1 25 | $81.3M | $226.0M | ||
| Q4 24 | $137.0M | $163.0M | ||
| Q3 24 | $195.4M | $168.0M | ||
| Q2 24 | $203.7M | $73.0M |
总债务ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.6B |
股东权益ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $10.1B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.3B |
总资产ARLPLBRDA
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | $16.6B | ||
| Q1 25 | $2.9B | $17.0B | ||
| Q4 24 | $2.9B | $16.7B | ||
| Q3 24 | $3.0B | $16.3B | ||
| Q2 24 | $3.1B | $16.0B |
负债/权益比ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | — | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $37.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 14.2% |
| 资本支出强度资本支出/营收 | 18.5% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | — | ||
| Q3 25 | $209.9M | — | ||
| Q2 25 | $151.7M | $91.0M | ||
| Q1 25 | $145.7M | $78.0M | ||
| Q4 24 | $168.4M | $1.0M | ||
| Q3 24 | $209.3M | $24.0M | ||
| Q2 24 | $215.8M | $27.0M |
自由现金流ARLPLBRDA
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | $37.0M | ||
| Q1 25 | $58.9M | $13.0M | ||
| Q4 24 | $75.3M | $-63.0M | ||
| Q3 24 | $99.0M | $-36.0M | ||
| Q2 24 | $114.3M | $-35.0M |
自由现金流率ARLPLBRDA
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 15.5% | 14.2% | ||
| Q1 25 | 10.9% | 4.9% | ||
| Q4 24 | 12.8% | -24.0% | ||
| Q3 24 | 16.1% | -13.7% | ||
| Q2 24 | 19.3% | -14.2% |
资本支出强度ARLPLBRDA
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 12.2% | 20.7% | ||
| Q1 25 | 16.1% | 24.4% | ||
| Q4 24 | 15.8% | 24.3% | ||
| Q3 24 | 18.0% | 22.9% | ||
| Q2 24 | 17.1% | 25.2% |
现金转化率ARLPLBRDA
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 0.24× | ||
| Q1 25 | 1.97× | 0.29× | ||
| Q4 24 | 10.31× | 0.00× | ||
| Q3 24 | 2.43× | 0.17× | ||
| Q2 24 | 2.15× | 0.14× |
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% |
LBRDA
暂无分部数据
