Alliance Resource Partners promotes Jesse Parrish to chief commercial officer

TULSA - Alliance Resource Partners, L.P. (NASDAQ:ARLP), a $3.25 billion market cap coal producer with a robust 9.5% dividend yield, announced the promotion of Jesse M. Parrish to Senior Vice President and Chief Commercial Officer of its subsidiary, Alliance Coal, LLC, effective immediately.

In his expanded role, Parrish will oversee Alliance Coal’s commercial strategy, including sales, marketing, logistics, and government relations functions. He will continue to report to Joseph W. Craft III, President and Chief Executive Officer of Alliance Coal and ARLP.

According to the company, Parrish joined Alliance Coal in April 2025 as Senior Vice President of Operations after spending over a decade in various senior positions in the eastern U.S. coal industry.

"Jesse’s expanded role is a natural evolution of our vision for him as he assumes more of my day-to-day responsibilities allowing me more time to focus on strategic growth opportunities for ARLP," said Craft in the press release statement.

The company noted that Timothy J. Whelan will maintain his role as Senior Vice President of Sales and Marketing, remaining the primary contact for Alliance Coal’s customers and commercial partners.

Alliance Resource Partners describes itself as the second largest coal producer in the eastern United States, supplying energy to utilities, metallurgical and industrial users both domestically and internationally. The company also generates income from mineral interests in coal and oil & gas producing regions in the United States.

This information is based on a press release issued by the company. With a P/E ratio of 13.85 and trading below its Fair Value according to InvestingPro analysis, ARLP presents an interesting opportunity for value-focused investors seeking both growth potential and steady dividend income.

In other recent news, Alliance Resource Partners reported its second-quarter earnings, revealing a shortfall in both earnings per share (EPS) and revenue expectations. The company’s EPS was $0.46, which was below the forecasted $0.61, representing a 24.59% decrease. Additionally, revenue was reported at $547.5 million, falling short of the anticipated $578.73 million by 5.4%. Despite these results, Benchmark has maintained its Buy rating on Alliance Resource Partners with a price target of $29.00. The underperformance was mainly due to weaker results in the Appalachia segment, although the Illinois Basin segment showed favorable performance. Benchmark’s report noted that the adjusted EBITDA was $162 million, slightly below the $169 million consensus estimate. These developments highlight the challenges and opportunities currently facing Alliance Resource Partners.

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