Alliance Resource Partners, L.P. Reports Quarterly Financial and Operating Results; Raises Quarterly Cash Distribution to $0.54 Per Unit; and Updates Guidance

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Go back to Alliance Resource Partners, L.P. Reports Quarterly Financial and Operating Results; Raises Quarterly Cash Distribution to $0.54 Per Unit; and Updates Guidance

Alliance Resource Partners (ARLP) Misses Q2 EPS by 22c, Revenues Miss

July 26, 2019 7:03 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q2 EPS of $0.44, $0.22 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $517.1 million versus the consensus estimate of $535.6 million.

"Mild temperatures, swollen rivers and declining natural gas prices led to lower coal demand in the 2019 Quarter. Flooding and high water continued to delay approximately 500,000 tons of planned export shipments in the 2019 Quarter, which we expect will be shipped in the second half of the year," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Operating cost per ton sold for the 2019... More