StoneX reiterates Buy on Alliance Resource Partners stock
StoneX reiterated a Buy rating and $29.00 price target for Alliance Resource Partners (ARLP). ARLP reported Q3 adjusted EBITDA of $234M, beating StoneX's estimate of $210M. The company expects higher coal demand from data centers and increased oil and gas royalties. ARLP's Q3 2026 earnings of $1.08 per unit and revenue of $603M exceeded expectations, with net income up 46.8% YoY.
How this was made
The 30-second read
Why it matters
The earnings beat and raised guidance support a higher valuation, but long‑term exposure to coal may attract scrutiny.
Market read
ARLP's earnings beat could trigger a short‑term rally, while sector peers may be re‑priced based on commodity exposure.
What to watch
Potential regulatory or environmental headwinds on coal shipments could affect future volumes.
Background
StoneX's analyst report follows ARLP's Q3 2026 earnings release, highlighting stronger-than-expected coal shipments and a new multi‑year contract.
Ticker impact
StoneX maintains a Buy rating and raises price target to $29 after ARLP reports Q3 earnings that beat estimates.
likely upward pressure as the market prices in the earnings beat and higher target.
Quarterly adjusted EBITDA of $234M exceeded $210M estimate; EPS $1.08 vs $0.85 forecast; dividend yield 9.09% and strong coal volume outlook.
Market effects
Higher coal and oil & gas royalty earnings may lift energy sector sentiment.
U.S. energy stocks could see modest gains.
Limited to investors tracking commodity‑linked royalty firms.
Counterpoint
Rising ESG concerns could pressure coal‑focused royalty stocks despite short‑term earnings beat.
Key entities
- analystStoneX
Equity research firm that issued the Buy rating and price target.
- companyAlliance Resource Partners
U.S. listed royalty and coal mining firm (NASDAQ:ARLP).
