Alliance Resource Partners, L.P. to Host Fourth Quarter 2024 Earnings Conference Call
Alliance Resource Partners, L.P. (ARLP) recently announced its financial results for the first quarter of the year. The company reported net income of $171.3 million, or $2.60 per basic and diluted limited partner unit, compared to $84.7 million, or $1.29 per basic and diluted limited partner unit in the first quarter of the previous year.
According to Joe Craft, Chairman, President, and Chief Executive Officer of ARLP, these positive results were driven by higher coal sales prices and volumes, along with increased production from its mines. The company’s revenues for the first quarter totaled $517.2 million, up from $422.5 million in the same period last year.
ARLP managed to achieve a record-level production of coal during the first quarter, with 10.1 million tons produced, representing a 23.5% increase from the previous year. The company’s average coal sales price also rose to $51.05 per ton, compared to $44.72 per ton in the first quarter of 2020.
Craft expressed confidence in ARLP’s ability to continue delivering strong operational and financial performance in the coming quarters, citing the company’s diversified customer base and solid contract portfolio as key factors driving its success. He highlighted the strategic investments made by ARLP in recent years to enhance its production capabilities and expand market opportunities.
ARLP’s strong financial position has allowed it to return value to its unitholders through distributions. The company declared a cash distribution of $0.515 per unit for the first quarter of 2021, marking its 44th consecutive quarterly distribution to unitholders. Craft emphasized ARLP’s commitment to delivering consistent returns to investors while maintaining a disciplined approach to capital allocation.
Looking ahead, ARLP remains focused on optimizing its operations, controlling costs, and capitalizing on market opportunities to drive continued growth and shareholder value. With a solid foundation in place and a positive outlook for the coal industry, ARLP is well-positioned to navigate the challenges and capitalize on the opportunities that lie ahead.
Investors and stakeholders can find more information about ARLP’s financial performance, including filings with the Securities and Exchange Commission, on the company’s website. As ARLP continues to deliver strong results and execute its strategic initiatives, the company remains committed to creating long-term value for its partners and investors.
