Alliance Resource Partners (ARLP) Misses Q1 EPS by 29c

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Go back to Alliance Resource Partners (ARLP) Misses Q1 EPS by 29c

Alliance Resource Partners, L.P. Reports Increased Financial and Operating Results; Raises Quarterly Cash Distribution 40% to $0.35 Per Unit; and Outlines Current Energy Transition Strategy

May 2, 2022 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 March 31, 2022 (the "2022 Quarter"). Total revenues in the 2022 Quarter increased 44.6% to $460.9 million compared to $318.6 million for the quarter ended March 31, 2021 (the "2021 Quarter") as a result of higher coal sales volumes and prices, which rose 19.5% and 13.0%, respectively, and higher oil & gas royalty volumes and prices, which increased by 26.3% and 74.9%, respectively. Total operating expenses increased to $373.0 million in the 2022 Quarter, compared to $282.3 million in the 2021 Quarter, due primarily to increased coal sales volumes and... More