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ALLIANCE RESOURCE PARTNERS LP（ARLP）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.5倍（$786.9M vs $516.0M），RANGE RESOURCES CORP净利率更高（22.8% vs 2.1%，领先20.7%），RANGE RESOURCES CORP同比增速更快（18.0% vs -3.6%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
ARLP vs RRC — 直观对比
营收规模更大
RRC
是对方的1.5倍
$516.0M
营收增速更快
RRC
高出21.6%
-3.6%
净利率更高
RRC
高出20.7%
2.1%
两年增速更快
RRC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $786.9M |
| 净利润 | $10.7M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 4.2% | — |
| 净利率 | 2.1% | 22.8% |
| 营收同比 | -3.6% | 18.0% |
| 净利润同比 | — | 88.8% |
| 每股收益（稀释后） | — | $0.75 |
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ARLPRRC
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $786.9M | ||
| Q3 25 | $571.4M | $655.3M | ||
| Q2 25 | $547.5M | $699.6M | ||
| Q1 25 | $540.5M | $846.3M | ||
| Q4 24 | $590.1M | $667.0M | ||
| Q3 24 | $613.6M | $567.9M | ||
| Q2 24 | $593.4M | $513.2M |
净利润ARLPRRC
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $179.1M | ||
| Q3 25 | $95.1M | $144.3M | ||
| Q2 25 | $59.4M | $237.6M | ||
| Q1 25 | $74.0M | $97.1M | ||
| Q4 24 | $16.3M | $94.8M | ||
| Q3 24 | $86.3M | $50.7M | ||
| Q2 24 | $100.2M | $28.7M |
毛利率ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% |
营业利润率ARLPRRC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | 17.4% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 19.8% | — |
净利率ARLPRRC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 22.8% | ||
| Q3 25 | 16.6% | 22.0% | ||
| Q2 25 | 10.9% | 34.0% | ||
| Q1 25 | 13.7% | 11.5% | ||
| Q4 24 | 2.8% | 14.2% | ||
| Q3 24 | 14.1% | 8.9% | ||
| Q2 24 | 16.9% | 5.6% |
每股收益（稀释后）ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.60 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.12 |
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 | $204.0K |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $2.9B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资ARLPRRC
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $204.0K | ||
| Q3 25 | $94.5M | $175.0K | ||
| Q2 25 | $55.0M | $134.0K | ||
| Q1 25 | $81.3M | $344.6M | ||
| Q4 24 | $137.0M | $304.5M | ||
| Q3 24 | $195.4M | $277.4M | ||
| Q2 24 | $203.7M | $251.1M |
总债务ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
总资产ARLPRRC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $7.4B | ||
| Q3 25 | $2.9B | $7.2B | ||
| Q2 25 | $2.9B | $7.1B | ||
| Q1 25 | $2.9B | $7.4B | ||
| Q4 24 | $2.9B | $7.3B | ||
| Q3 24 | $3.0B | $7.2B | ||
| Q2 24 | $3.1B | $7.3B |
负债/权益比ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× |
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 | — | $257.5M |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 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ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $257.5M | ||
| Q3 25 | $209.9M | $247.5M | ||
| Q2 25 | $151.7M | $336.2M | ||
| Q1 25 | $145.7M | $330.1M | ||
| Q4 24 | $168.4M | $217.9M | ||
| Q3 24 | $209.3M | $245.9M | ||
| Q2 24 | $215.8M | $148.8M |
自由现金流ARLPRRC
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | — | ||
| 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ARLPRRC
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | — | ||
| 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ARLPRRC
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | — | ||
| 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ARLPRRC
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 1.44× | ||
| Q3 25 | 2.21× | 1.72× | ||
| Q2 25 | 2.55× | 1.42× | ||
| Q1 25 | 1.97× | 3.40× | ||
| Q4 24 | 10.31× | 2.30× | ||
| Q3 24 | 2.43× | 4.85× | ||
| Q2 24 | 2.15× | 5.18× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
