Alliance Resource Partners (ARLP) Tops Q2 EPS by 32c

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Go back to Alliance Resource Partners (ARLP) Tops Q2 EPS by 32c

Alliance Resource Partners, L.P. Reports Strong Second Quarter 2021 Performance; Sequential Increases to Revenues, up 13.8%, Net Income, up 77.9%, and EBITDA, up 25.7%; Declares Quarterly Cash Distrib

July 26, 2021 7:00 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported increased financial and operating results for the quarter ended June 30, 2021 (the "2021 Quarter") compared to the quarter ended March 31, 2021 (the "Sequential Quarter"). Led by higher coal sales volumes and oil & gas prices, ARLPs total revenues increased 13.8% to $362.4 million, net income jumped 77.9% to $44.0 million and EBITDA rose 25.7% to $118.6 million, all as compared to the Sequential Quarter. For our coal operations, increased sales tons led coal sales revenues and Segment Adjusted EBITDA higher by 13.4% and 25.7%, respectively, compared to the Sequential Quarter. Our... More