Alliance Resource Partners, L.P. Reports Increased Coal Volumes, Revenues, Net Income Attributable to ARLP and EBITDA; Raises Quarterly Cash Distribution to $0.535 Per Unit; and Updates Guidance

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Go back to Alliance Resource Partners, L.P. Reports Increased Coal Volumes, Revenues, Net Income Attributable to ARLP and EBITDA; Raises Quarterly Cash Distribution to $0.535 Per Unit; and Updates Guidance

Alliance Resource (ARLP) Actively Talking w/Advisors on Oil, Gas M&A - Bloomberg, Citing Earnings Call

April 29, 2019 10:23 AM EDT

(Updated - April 29, 2019 10:24 AM EDT)

Alliance Resource (NASDAQ: ARLP) Actively Talking w/Advisors on Oil, Gas M&A - Bloomberg, Citing Earnings Call

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Alliance Resource Partners (ARLP) Reports Q1 Revenues Above Estimates

April 29, 2019 7:05 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q1 EPS of $2.12, versus $0.69 reported last year. Revenue for the quarter came in at $526.6 million versus the consensus estimate of $520.5 million.

Increased coal sales volumes, improved coal sales prices and the addition of oil & gas royalty revenues in the 2019 Quarter drove total revenues higher by 15.2% to $526.6 million, compared to $457.1 million for the quarter ended March 31, 2018 (the "2018 Quarter").Higher revenues, combined with gains related to the AllDale transaction and the redemption of our preferred interest in Kodiak (each described in more detail below) led to increased net... More