How did ARLP's revenue and expenses shift in Q4 2024?

Alliance Resource Partners (ARLP) experienced a significant shift in its revenue and expenses in Q4 2024, primarily driven by changes in its business segments. Here's a detailed analysis:

1. **Revenue Shift**:
- ARLP's total revenue for the quarter was $2.11 billion, with the majority coming from Coal Sales, which generated $1.61 billion. This segment was the largest contributor, accounting for approximately 76.7% of the total revenue.
- The Oil & Gas Royalties segment contributed $138.31 million, while the Transportation segment generated $112.59 million. The Other Sales and Operating segment accounted for $86 million.
- It's notable that the Coal Sales segment had a substantial revenue of $1.61 billion, which is a significant portion of the total revenue. This indicates that ARLP's core business remains coal-centric, with oil and gas royalties and transportation contributing additional revenue streams.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Other Sales and Operating|8.6004E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Other Sales and Operating|6.1453E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Other Sales and Operating|3.9596E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Other Sales and Operating|2.2035E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Other Sales and Operating|2.2035E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Coal Sales|5.61879E8|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Transportation|3.0753E7|185|
|ARLP|ARLP.O|Alliance Resource|20240101-2024|Oil & Gas Royalties|3.703E7|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|ARLP|ARLP.O|Alliance Resource|2024 Q1|-17.18462927786255|1.59567E8|185|
|ARLP|ARLP.O|Alliance Resource|2024 Q2|-40.743702752400694|1.01509E8|185|
|ARLP|ARLP.O|Alliance Resource|2024 Q3|-44.05185676307201|8.6916E7|185|
|ARLP|ARLP.O|Alliance Resource|2024 Q4|-84.9661063370879|1.7565E7|185|

2. **Expense Analysis**:
- The net income for the quarter was $17.57 million. This is a key figure to consider when evaluating the profitability of ARLP's operations.
- Operating expenses were not provided in the report, which makes it difficult to assess the cost structure of ARLP's business segments. However, knowing the net income allows us to understand that despite the absence of operating expenses data, ARLP was able to generate a positive net income.
3. **Conclusion**:
- ARLP's revenue in Q4 2024 was heavily influenced by its Coal Sales segment, which generated the bulk of the company's income. This suggests that ARLP's strategic focus on coal remains profitable, at least in the short term.
- The company's ability to generate a net income of $17.57 million indicates that it is managing its operations effectively, even without detailed information on operating expenses. This profitability is a positive sign for investors and stakeholders.

In summary, ARLP's revenue in Q4 2024 was predominantly driven by Coal Sales, with other segments contributing to a lesser extent. The company's ability to generate a positive net income highlights its operational efficiency, despite the lack of detailed expense data.