Alliance Resource (ARLP) Tops Q2 EPS by 11c; Adjusts FY1 Revs Outlook; to Develop Gibson South Mine
Alliance Resource Partners LP (NASDAQ: ARLP) reported Q2 EPS of $2.04, $0.11 better than the analyst estimate of $1.93. Revenue for the quarter came in at $457.9 million versus the consensus estimate of $441.65 million.
Alliance Resource Partners LP sees FY2011 revenue of $1.80-$1.85 billion, versus the consensus of $1.81 billion.
In addition, ARLP announced that the Board has approved development of the Gibson South mine. ARLP’s independent operating subsidiary Gibson County Coal (South), LLC will develop the Gibson South mine as an underground mining complex utilizing four continuous mining units employing room-and-pillar mining techniques to access approximately 48.4 million tons of medium-sulfur coal from the Indiana No. 5 coal seam.
Alliance Resource Partners LP sees FY2011 revenue of $1.80-$1.85 billion, versus the consensus of $1.81 billion.
In addition, ARLP announced that the Board has approved development of the Gibson South mine. ARLP’s independent operating subsidiary Gibson County Coal (South), LLC will develop the Gibson South mine as an underground mining complex utilizing four continuous mining units employing room-and-pillar mining techniques to access approximately 48.4 million tons of medium-sulfur coal from the Indiana No. 5 coal seam.