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

Alliance Resource Partners (ARLP) Misses Q3 EPS by 17c, Revenues Miss

October 28, 2019 7:04 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q3 EPS of $0.30, $0.17 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $464.7 million versus the consensus estimate of $518.27 million.

"Challenging coal market conditions continued to impact ARLPs financial and operating performance in the 2019 Quarter, as our coal inventories increased 1.0 million tons sequentially," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Weak power demand, persistently low prices for competing fuels and ongoing transportation issues have reduced coal-fired generation in the U.S. and internationally, leading to an oversupplied coal market and... More