ARLP - Alliance Resource Partners: A Buy Amid A Strong Expansion Focus

• Alliance Resources has increased its cash levels by more than 224% since June 2021.
• Alliance's election to convert Alliance Minerals into a corporate taxable entity will lower the company’s tax on its oil and gas royalty. This taxation reduced net income by $42 million.
• Production on the company's acreage has substantially increased, leading to an increase in drilling and completion activities.
• The company is considering opportunities in mining beyond thermal coal to include metallurgical coal. It is also looking at EV charging, Smart cameras, energy storage, energy efficiency and renewable energy.

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