Alliance Resources

Q2 FY2026 EarningsQ2 FY26 results slightly missed consensus on the top and bottom lines, with revenue of $551.6M vs. $556.0M expected and GAAP EPS of $0.61 vs. $0.64 expected. Despite the headline miss, record oil & gas royalty revenues (+30.5% YoY) and improved productivity in Appalachia coal operations provided a significant offset to lower realized coal prices. Management increased full-year oil & gas volume guidance following the $206.2M AllDale acquisition, while maintaining robust coal sales commitments (91%+ of FY26) despite a softened domestic pricing environment.