WallStSmart

Alliance Resource Partners LP (ARLP)vsNatural Resource Partners LP (NRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Alliance Resource Partners LP generates 904% more annual revenue ($2.19B vs $218.70M). NRP leads profitability with a 66.4% profit margin vs 14.2%. ARLP appears more attractively valued with a PEG of 0.62. ARLP earns a higher WallStSmart Score of 67/100 (B-).

ARLP

Strong Buy

67

out of 100

Grade: B-

Growth: 2.7Profit: 7.5Value: 10.0Quality: 5.0

NRP

Buy

56

out of 100

Grade: C

Growth: 3.3Profit: 9.5Value: 7.3Quality: 6.8
Piotroski: 3/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARLPUndervalued (+77.3%)

Margin of Safety

+77.3%

Fair Value

$112.32

Current Price

$28.60

$83.72 discount

UndervaluedFair: $112.32Overvalued
NRPUndervalued (+61.1%)

Margin of Safety

+61.1%

Fair Value

$318.28

Current Price

$125.00

$193.28 discount

UndervaluedFair: $318.28Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARLP3 strengths · Avg: 8.7/10
P/E RatioValuation
12.0x10/10

Attractively priced relative to earnings

PEG RatioValuation
0.628/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

NRP6 strengths · Avg: 9.3/10
P/E RatioValuation
9.5x10/10

Attractively priced relative to earnings

Profit MarginProfitability
66.4%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
66.5%10/10

Strong operational efficiency at 66.5%

Return on EquityProfitability
26.3%9/10

Every $100 of equity generates 26 in profit

Debt/EquityHealth
0.129/10

Conservative balance sheet, low leverage

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Areas to Watch

ARLP2 concerns · Avg: 3.0/10
EPS GrowthGrowth
3.9%4/10

3.9% earnings growth

Revenue GrowthGrowth
-9.2%2/10

Revenue declined 9.2%

NRP4 concerns · Avg: 2.5/10
Market CapQuality
$1.36B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
8.292/10

Expensive relative to growth rate

Revenue GrowthGrowth
-1.5%2/10

Revenue declined 1.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : ARLP

The strongest argument for ARLP centers on P/E Ratio, PEG Ratio, Price/Book. PEG of 0.62 suggests the stock is reasonably priced for its growth.

Bull Case : NRP

The strongest argument for NRP centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 66.4% and operating margin at 66.5%.

Bear Case : ARLP

The primary concerns for ARLP are EPS Growth, Revenue Growth.

Bear Case : NRP

The primary concerns for NRP are Market Cap, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

ARLP carries more volatility with a beta of 0.29 — expect wider price swings.

NRP is growing revenue faster at -1.5% — sustainability is the question.

ARLP generates stronger free cash flow (99M), providing more financial flexibility.

Monitor THERMAL COAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ARLP scores higher overall (67/100 vs 56/100). NRP offers better value entry with a 61.1% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Alliance Resource Partners LP

ENERGY · THERMAL COAL · USA

Alliance Resource Partners, LP, a diversified natural resources company, produces and markets coal primarily for industrial and utility users in the United States. The company is headquartered in Tulsa, Oklahoma.

Natural Resource Partners LP

ENERGY · THERMAL COAL · USA

Natural Resource Partners LP, owns, manages and leases a portfolio of mineral properties in the United States. The company is headquartered in Houston, Texas.

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