Alliance Resource Partners misses on Q2 earnings, revenues as coal sales slide [Seeking Alpha]
Alliance Resource Partners, L.P. - Common Units Representing Limited Partnership Interests (ARLP)
Last alliance resource partners, l.p. - common units representing limited partnership interests earnings: 1/27 07:00 am
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Q2 net income fell to $100.2M, or $0.77/share, from $169.8M, or $1.30/share, in the year-earlier quarter, and revenues slipped 7.6% to $593.4M from $641.8M a year ago, as total coal volumes sold fell 11.8% Y/Y and 9.5% Q/Q to 7.85M tons. Coal sales volumes in the quarter were affected by flooding on the Ohio River, which delayed barge deliveries, and rail and port logistics were disrupted by the Baltimore bridge incident, which slowed shipments from its Appalachia rail operations as time progressed, CEO Joseph Craft III said. Reduced sales volumes were partially offset by increased coal sales price realizations, which rose 3.8% to $65.30/ton sold in Q2 compared to $62.93/ton sold in the prior-year quarter. Alliance Resource ( ARLP ) lowered its full-year outlook for coal operations, now expect to sell ~34M tons in 2024, or 2.6% below the midpoint of previous guidance for the year, saying net back pricing for high sulfur Illinois Basin coal has declined to a level that requires
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ARLP
News
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) had its price target raised by analysts at Benchmark Co. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Alliance Resource Partners: The Yield Is Still High And The Case Looks Solid [Seeking Alpha]Seeking Alpha
- Alliance Resource Partners, L.P. Common Units (ARLP) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Alliance Resource Partners' Q2 Earnings Fall Short, Revenue Drops Amid Transportation Delays, Stock Falls [Yahoo! Finance]Yahoo! Finance
ARLP
Earnings
- 7/29/24 - Miss
ARLP
Sec Filings
- 8/16/24 - Form 4
- 8/16/24 - Form 4
- 8/16/24 - Form 4
- ARLP's page on the SEC website