Alliance Resource Partners, L.P.: Reports Quarterly Financial and Operating Results; Declares Quarterly Cash Distribution of $0.10 Per Unit; Adds New Coal Royalties Segment; and Increases Guidance

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Alliance Resource Partners (ARLP) Misses Q1 EPS by 4c, Revenues Miss

April 26, 2021 7:09 AM EDT

Alliance Resource Partners (NASDAQ: ARLP) reported Q1 EPS of $0.19, $0.04 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $318.62 million versus the consensus estimate of $353.4 million.

"ARLPs financial performance during the 2021 Quarter was generally in line with our expectations, despite 950,000 tons of delayed shipments impacting EBITDA and cash flow by approximately $13.0 million," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Our coal operations efficiency initiatives continued to provide cost reduction benefits. Improved coal market fundamentals and favorable weather-patterns during the 2021 Quarter supported buying activity by domestic and... More