Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported its second-quarter 2025 financial results, revealing a decrease in total revenues by 7.7% year-over-year to $547.5 million. This decline was mainly due to an 11.3% drop in average coal sales prices and reduced transportation revenues. Despite these challenges, the company achieved a sequential increase in Adjusted EBITDA, which stood at $161.9 million, reflecting a 1.2% rise. Net income for the quarter fell to $59.4 million from $100.2 million in the same period last year. This decrease was largely attributed to lower revenues, increased depreciation, and a $25.0 million non-cash impairment on a battery materials equity investment. However, the company benefited from a $16.6 million increase in the fair value of digital assets. Alliance Resource Partners also reported record coal shipments at its Hamilton and River View operations, alongside a 7.7% year-over-year increase in oil and gas royalty volumes. The company declared a quarterly cash distribution of $0.60 per unit. Looking ahead, ARLP updated its full-year 2025 guidance, anticipating improved production at Tunnel Ridge, increased tons sold from the Illinois Basin, cost efficiencies, and robust contracted commitments to support its outlook. Additionally, the company has added 17.4 million committed and priced tons for 2025-2029, enhancing its long-term sales visibility.