Alliance Resource Partners (ARLP) Reports In-Line Q2 EPS, Revenues Beat; Boosts FY Revenue Guidance
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Alliance Resource Partners, L.P. Reports Increased Coal Sales Volumes, Revenues, Net Income Attributable to ARLP and EBITDA; Raises Quarterly Cash Distribution to $0.52 Per Unit; and Increases Guidanc
July 30, 2018 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, 2018 (the "2018 Quarter"). Strong coal sales volumes in the 2018 Quarter led total revenues higher to $516.1 million, an increase of 29.4% compared to the quarter ended June 30, 2017 (the "2017 Quarter"). Net income attributable to ARLP also increased in the 2018 Quarter compared to the 2017 Quarter, climbing 36.3% to $86.2 million. Net income attributable to ARLP per basic and diluted limited partner unit was $0.64 for the 2018 Quarter compared to $0.82 for the 2017 Quarter as higher net income was... More
