Alliance Resource Partners, L.P. Reports Increased Financial and Operating Results; Raises Quarterly Cash Distribution to $0.525 Per Unit; and Updates Guidance

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Go back to Alliance Resource Partners, L.P. Reports Increased Financial and Operating Results; Raises Quarterly Cash Distribution to $0.525 Per Unit; and Updates Guidance

Alliance Resource Partners (ARLP) Misses Q3 EPS by 20c, Revenues Miss; Updates Guidances

October 29, 2018 7:05 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q3 EPS of $0.55, $0.20 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $497.76 million versus the consensus estimate of $504.98 million.

Market Update and Outlook

"Favorable seaborne thermal coal markets continue to create significant opportunities for ARLP," said Mr. Craft. "Around the world, increased coal-fired power generation, strong power demand and lack of supply response point to sustained... More