Alliance Resource Partners (ARLP) Tops Q3 EPS by 26c, Revenues Miss
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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
October 26, 2020 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported significant increases to financial and operating results for the quarter ended September 30, 2020 (the "2020 Quarter") on improved demand for coal and oil & gas compared to the quarter ended June 30, 2020 (the "Sequential Quarter"). On a consolidated basis, total revenues increased 39.4% to $355.7 million, net income rose 158.3% to $27.2 million and EBITDA climbed 146.4% to $118.8 million, all as compared to the Sequential Quarter. With improved coal demand and a resumption of production at all of ARLPs mining complexes, our coal operations delivered increases to coal... More
