Alliance Resource Partners (ARLP) Raises Quarterly Dividend 4% to $0.52; 10.9% Yield
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Alliance Resource Partners (ARLP) Reports In-Line Q2 EPS, Revenues Beat; Boosts FY Revenue Guidance
July 30, 2018 7:06 AM EDTAlliance Resource Partners (NASDAQ: ARLP) reported Q2 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $516.14 million versus the consensus estimate of $491.55 million.
"ARLP delivered strong financial and operating results for the 2018 Quarter," said Joseph W. Craft III, President and Chief Executive Officer. "Coal sales volumes increased significantly as we shipped substantially all of the 1.4 million tons impacted by weather-related transportation disruptions during the Sequential Quarter. U.S. coal market conditions remained favorable in the 2018 Quarter allowing us to secure new commitments for approximately 8.9 million tons to be... More
