Alliance Resource Partners, L.P. (NASDAQ:ARLP) reported first-quarter financial results on Monday before the market opens. Here’s a rundown of the report.
- Alliance stock is holding steady today. What should traders watch with ARLP?
Q1 Highlights
Alliance reported adjusted earnings per share of 31 cents, missing the consensus estimate of $34 cents. In addition, it reported revenue of $516.01 million, beating the consensus estimate of $514.94 million, but representing a 4.5% year-over-year decline.
The company attributed the decline to lower coal sales pricing, partially offset by record oil and gas royalty revenues and higher coal sales volumes.
“Most of our coal operations performed better than expected during the quarter, however meaningful weather-related shipment disruptions relating to Winter Storm Fern delayed sales volumes for the quarter,” said CEO Joseph W. Craft III.
Alliance ended the quarter with total liquidity of $431.2 million, including $28.9 million in cash and cash equivalents.
Alliance declared a quarterly cash distribution of $0.60 per unit, equivalent to $2.40 on an annualized basis.
Alliance Shares Edge Lower
ARLP Price Action: At the time of publication, Alliance shares are trading 0.52% lower at $24.77, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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