Alliance Resource Partners (ARLP) Tops Q2 EPS by 29c

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Go back to Alliance Resource Partners (ARLP) Tops Q2 EPS by 29c

Alliance Resource Partners, L.P. Reports Record Revenues up 70.1%, Net Income Rose 266.7% and EBITDA Increased 105.6%; Raises Quarterly Cash Distribution to $0.40 Per Unit; Announces New Energy Transi

August 1, 2022 7:00 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported significant increases to financial and operating results for the quarter ended June 30, 2022 (the "2022 Quarter") compared to both the quarter ended June 30, 2021 (the "2021 Quarter") and the quarter ended March 31, 2022 (the "Sequential Quarter"). Total revenues in the 2022 Quarter increased 70.1% to a record $616.5 million compared to $362.4 million for the 2021 Quarter as a result of higher coal sales prices and volumes, which rose 43.3% and 13.9%, respectively, and higher oil & gas royalty prices and volumes, which increased by 64.7% and 27.6%, respectively. Total operating expenses increased to $441.2... More