Alliance Resource Partners (ARLP) Tops Q3 EPS by 8c

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Go back to Alliance Resource Partners (ARLP) Tops Q3 EPS by 8c

Alliance Resource Partners, L.P.: Strong Performance in Third Quarter Delivers Sequential Increases to Revenues, up 14.6%, Net Income, up 30.7%, and EBITDA, up 14.6%; Doubles Quarterly Cash Distributi

October 25, 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 September 30, 2021 (the "2021 Quarter") compared to the quarter ended June 30, 2021 (the "Sequential Quarter"). Primarily on the strength of increased coal sales volumes and price realizations, total revenues for the 2021 Quarter rose 14.6% to $415.4 million. Increased total revenues, partially offset by higher total operating expenses, drove net income for the 2021 Quarter up by 30.7% to $57.5 million, or $0.44 per basic and diluted limited partner unit, while EBITDA climbed 14.6% to $135.9 million. Increased coal sales volumes... More