Alliance Resource Partners (ARLP) Misses Q2 EPS by 12c
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Alliance Resource Partners, L.P. Reports Quarterly Financial and Operating Results; Increases Quarterly Cash Distribution 1.9% to $0.675 Per Unit
July 28, 2015 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended June 30, 2015 (the "2015 Quarter"). Reflecting higher other sales and operating revenues, total revenues increased to a record $604.7 million compared to $598.6 million for the quarter ended June 30, 2014 (the "2014 Quarter"). Although total revenue increased, higher operating expenses and equity in loss of affiliates from White Oak led to lower EBITDA, which decreased $30.7 million to $182.4 million for the 2015 Quarter. These factors and increased depreciation, depletion and amortization expense contributed to lower net income for the 2015 Quarter, which... More
