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ALLIANCE RESOURCE PARTNERS LP（ARLP）与Liberty Energy Inc.（LBRT）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的2.0倍（$1.0B vs $516.0M），Liberty Energy Inc.净利率更高（2.2% vs 2.1%，领先0.1%），Liberty Energy Inc.同比增速更快（4.5% vs -3.6%），过去两年Liberty Energy Inc.的营收复合增速更高（-6.2% 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。
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
ARLP vs LBRT — 直观对比
营收规模更大
LBRT
是对方的2.0倍
$516.0M
营收增速更快
LBRT
高出8.1%
-3.6%
净利率更高
LBRT
高出0.1%
2.1%
两年增速更快
LBRT
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $1.0B |
| 净利润 | $10.7M | $22.6M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | 2.2% |
| 净利率 | 2.1% | 2.2% |
| 营收同比 | -3.6% | 4.5% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $0.14 |
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ARLPLBRT
| Q1 26 | $516.0M | $1.0B | ||
| Q4 25 | $535.5M | $1.0B | ||
| Q3 25 | $571.4M | $947.4M | ||
| Q2 25 | $547.5M | $1.0B | ||
| Q1 25 | $540.5M | $977.5M | ||
| Q4 24 | $590.1M | $943.6M | ||
| Q3 24 | $613.6M | $1.1B | ||
| Q2 24 | $593.4M | $1.2B |
净利润ARLPLBRT
| Q1 26 | $10.7M | $22.6M | ||
| Q4 25 | $82.7M | $13.7M | ||
| Q3 25 | $95.1M | $43.1M | ||
| Q2 25 | $59.4M | $71.0M | ||
| Q1 25 | $74.0M | $20.1M | ||
| Q4 24 | $16.3M | $51.9M | ||
| Q3 24 | $86.3M | $73.8M | ||
| Q2 24 | $100.2M | $108.4M |
毛利率ARLPLBRT
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
营业利润率ARLPLBRT
| Q1 26 | 4.2% | 2.2% | ||
| Q4 25 | 18.2% | 1.9% | ||
| Q3 25 | 18.4% | -0.3% | ||
| Q2 25 | 16.2% | 3.6% | ||
| Q1 25 | 17.4% | 1.9% | ||
| Q4 24 | 2.6% | 2.6% | ||
| Q3 24 | 16.5% | 9.4% | ||
| Q2 24 | 19.8% | 12.2% |
净利率ARLPLBRT
| Q1 26 | 2.1% | 2.2% | ||
| Q4 25 | 15.4% | 1.3% | ||
| Q3 25 | 16.6% | 4.5% | ||
| Q2 25 | 10.9% | 6.8% | ||
| Q1 25 | 13.7% | 2.1% | ||
| Q4 24 | 2.8% | 5.5% | ||
| Q3 24 | 14.1% | 6.5% | ||
| Q2 24 | 16.9% | 9.3% |
每股收益（稀释后）ARLPLBRT
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $0.64 |
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 | $699.1M |
| 总债务越低越好 | — | $7.1M |
| 股东权益账面价值 | — | $1.9B |
| 总资产 | $2.9B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ARLPLBRT
| Q1 26 | $28.9M | $699.1M | ||
| Q4 25 | $71.2M | $27.6M | ||
| Q3 25 | $94.5M | $13.5M | ||
| Q2 25 | $55.0M | $19.6M | ||
| Q1 25 | $81.3M | $24.1M | ||
| Q4 24 | $137.0M | $20.0M | ||
| Q3 24 | $195.4M | $23.0M | ||
| Q2 24 | $203.7M | $30.0M |
总债务ARLPLBRT
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARLPLBRT
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
总资产ARLPLBRT
| Q1 26 | $2.9B | $4.4B | ||
| Q4 25 | $2.9B | $3.6B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.9B | $3.4B | ||
| Q1 25 | $2.9B | $3.4B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $3.0B | $3.3B | ||
| Q2 24 | $3.1B | $3.2B |
负债/权益比ARLPLBRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $13.3M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 18.5% | 13.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 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ARLPLBRT
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $195.4M | ||
| Q3 25 | $209.9M | $51.5M | ||
| Q2 25 | $151.7M | $170.6M | ||
| Q1 25 | $145.7M | $192.1M | ||
| Q4 24 | $168.4M | $177.3M | ||
| Q3 24 | $209.3M | $244.5M | ||
| Q2 24 | $215.8M | $248.2M |
自由现金流ARLPLBRT
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-10.0M | ||
| Q3 25 | $145.2M | $-67.2M | ||
| Q2 25 | $84.7M | $33.1M | ||
| Q1 25 | $58.9M | $58.2M | ||
| Q4 24 | $75.3M | $-26.2M | ||
| Q3 24 | $99.0M | $77.9M | ||
| Q2 24 | $114.3M | $112.2M |
自由现金流率ARLPLBRT
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -1.0% | ||
| Q3 25 | 25.4% | -7.1% | ||
| Q2 25 | 15.5% | 3.2% | ||
| Q1 25 | 10.9% | 6.0% | ||
| Q4 24 | 12.8% | -2.8% | ||
| Q3 24 | 16.1% | 6.8% | ||
| Q2 24 | 19.3% | 9.7% |
资本支出强度ARLPLBRT
| Q1 26 | 18.5% | 13.1% | ||
| Q4 25 | 8.4% | 19.8% | ||
| Q3 25 | 11.3% | 12.5% | ||
| Q2 25 | 12.2% | 13.2% | ||
| Q1 25 | 16.1% | 13.7% | ||
| Q4 24 | 15.8% | 21.6% | ||
| Q3 24 | 18.0% | 14.6% | ||
| Q2 24 | 17.1% | 11.7% |
现金转化率ARLPLBRT
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 14.28× | ||
| Q3 25 | 2.21× | 1.20× | ||
| Q2 25 | 2.55× | 2.40× | ||
| Q1 25 | 1.97× | 9.55× | ||
| Q4 24 | 10.31× | 3.42× | ||
| Q3 24 | 2.43× | 3.31× | ||
| Q2 24 | 2.15× | 2.29× |
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% |
LBRT
暂无分部数据
