Alliance Resource Partners, L.P. Reports Strong Sequential Rebound in Financial and Operating Performance for the Third Quarter 2020; Posting Significant Increases in Coal and Oil & Gas Volumes, R

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Go back to Alliance Resource Partners, L.P. Reports Strong Sequential Rebound in Financial and Operating Performance for the Third Quarter 2020; Posting Significant Increases in Coal and Oil & Gas Volumes, R

Alliance Resource Partners (ARLP) Tops Q3 EPS by 26c, Revenues Miss

October 26, 2020 7:03 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q3 EPS of $0.21, $0.26 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $355.65 million versus the consensus estimate of $357.65 million.

"As we expected, ARLPs performance during the 2020 Quarter benefited from improved economic activity, increased coal demand and recovering oil & gas production volumes and prices," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Our coal operations responded to increased customer requirements by successfully ramping up production to meet contractual commitments while effectively mitigating the impacts of COVID-19 through the enhanced... More