Welcome to our dedicated page for Alliance Resource Partners LP news (Ticker: ARLP), a resource for investors and traders seeking the latest updates and insights on Alliance Resource Partners LP stock.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a prominent coal mining company domiciled in the United States. The company operates through four distinct segments: Illinois Basin, Appalachia, Oil & Gas Royalties, and Coal Royalties. The Illinois Basin segment includes underground mining complexes located in Illinois, Indiana, Kentucky, Maryland, and West Virginia. The Appalachia segment features the Mettiki, Tunnel Ridge, and MC Mining complexes.
The Oil & Gas Royalties segment encompasses oil and gas mineral interests managed by AR Midland and AllDale I & II, as well as Alliance Minerals' stakes in AllDale III and Cavalier Minerals. The Coal Royalties segment includes coal mineral reserves and resources either owned or leased by Alliance Resource Properties.
Recently, Alliance Resource Partners has caught the attention of Stonegate Capital Partners, a leading capital markets advisory firm. Stonegate's latest coverage on ARLP highlights various key developments, including an increase in volumes by 2.4% year-over-year and anticipated debt payments of $284.6 million in the fiscal year 2024. Additionally, the company is exploring alternative revenue streams that show promising potential for future growth.
As a formidable player in the energy sector, Alliance Resource Partners continues to cement its position through strategic initiatives and robust financial management. The company's diverse portfolio and significant mineral interests underscore its importance in the energy and mining industries.
Alliance Resource Partners (NASDAQ: ARLP) has appointed Ronna R. McDaniel to the Board of Directors of Alliance Resource Management GP, , effective December 11, 2024. McDaniel will serve on the Audit, Compensation and Conflicts Committees. The board will consist of seven directors through 2024, reducing to six in 2025 following John Robinson's retirement.
McDaniel, former Chair of the Republican National Committee (2017-2024), brings expertise in leadership, governance, public relations, and regulatory environment navigation. She previously served as Chair of the Michigan Republican Party (2015-2017) and on the Board of Directors of the Romney Institute of Public Service and Ethics (2016-2021).
Alliance Resource Partners (NASDAQ: ARLP) has announced its participation in two upcoming investor conferences in December 2024. The Partnership will attend the Bank of America 2024 Leveraged Finance Conference on December 3 and the Noble Capital Markets 20th Annual Emerging Growth Equity Conference on December 4. An investor presentation will be made available on ARLP's website in the 'Investors' section under 'Events & Presentations' prior to the events.
Alliance Resource Partners (NASDAQ: ARLP) announced that its subsidiary, Excel Mining, has issued WARN Act notices to approximately 280 employees at the MC Mining Complex in Pike County, Kentucky. The decision comes due to challenging geology, persistent weakness in coal demand, and delays in payment for committed coal sales. Through October 31, 2024, the complex has generated 0.7 million tons of coal sales and 0.8 million tons of production. Starting November 15, 2024, production will be reduced to two units before permanent closure. The company maintains its previously announced guidance ranges.
Alliance Resource Partners (ARLP) reported Q3 2024 financial results with total revenue of $613.6 million, down 3.6% year-over-year, and net income of $86.3 million ($0.66 per unit), compared to $153.7 million ($1.18 per unit) in Q3 2023. EBITDA decreased to $170.7 million from $227.6 million. The decline was primarily due to reduced coal sales prices and higher operating expenses. Oil & gas royalty volumes increased 11.9% to 864 MBOE. The company declared a quarterly cash distribution of $0.70 per unit and increased committed & priced sales tons for 2025 by 5.9 million to 22.5 million tons.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results on Monday, October 28, 2024, before the market opens. Following the release, Alliance management will host a conference call at 10:00 a.m. Eastern to discuss the results.
Investors can participate in the call by dialing (877) 407-0784 (U.S. Toll Free) or (201) 689-8560 (International) and requesting to be connected to the Alliance Resource Partners, L.P. earnings conference call. Additionally, the call can be accessed through the "Investors" section of ARLP's website at www.arlp.com.
An audio replay will be available for approximately one week after the call. To access the replay, dial (844) 512-2921 (U.S. Toll Free) or (412) 317-6671 (International) and use the access code 13749425.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) has received an updated coverage report from Stonegate Capital Partners for Q2 2024. The key takeaways from the report include:
1. A 3.8% year-over-year increase in pricing
2. Successful completion of a $400.0 million Senior Note offering
3. A 6.8% year-over-year increase in royalty revenues
These highlights suggest positive developments in ARLP's pricing strategy, financial position, and royalty income streams. The updated coverage indicates ongoing analyst interest in the company's performance and potential market implications.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported second quarter 2024 results with total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million. Coal sales price realizations increased 3.8% year-over-year to $65.30 per ton sold, while oil & gas royalty volumes grew 6.8% to 817 MBOE. The company declared a quarterly cash distribution of $0.70 per unit. ARLP enhanced its liquidity position to $666.0 million, including $203.7 million in cash. The company updated its 2024 guidance, now expecting to sell approximately 34.0 million tons of coal, down 2.6% from original guidance. ARLP also increased volumetric guidance for its Oil & Gas Royalties segment due to strong performance and activity in the Permian Basin.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported its second-quarter 2024 financial results, highlighting a total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million. The company saw improved coal sales price realizations at $65.30 per ton, a 3.8% increase year-over-year, despite a decline in coal sales volumes by 11.8% due to transportation delays. Oil & gas royalty volumes increased by 6.8% to 817 MBOE. The company issued $400 million in senior notes due 2029, enhancing liquidity to $666.0 million.
In July 2024, ARLP declared a quarterly cash distribution of $0.70 per unit. The CEO emphasized the company's strong financial position and strategic energy supply capabilities. Challenging logistics affected coal sales, but the company sees potential growth in domestic markets due to higher summer demand.
For 2024, ARLP updated its guidance to reflect adjusted sales volumes, improved liquidity, and strong oil & gas performance. The company remains optimistic about future growth, driven by increased energy demands and strategic investments.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) has declared a quarterly cash distribution of $0.70 per unit for Q2 2024, payable on August 14, 2024, to unitholders of record as of August 7, 2024. This distribution is consistent with previous quarters. The company also announced several changes to its Board of Directors:
1. John H. Robinson will retire from the Board at the end of the year.
2. Paul H. Vining has been elected to the Board and will serve as lead director.
3. Nick Carter has been appointed Chairman of the Compensation Committee.
4. Wilson M. Torrence has been appointed as a member of the Conflicts Committee.
Additionally, Mark A. Watson has been promoted to Senior Vice President – Operations and Technology of the Partnership's general partner.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) has announced its upcoming second quarter 2024 earnings conference call. The company will release its financial results on Monday, July 29, 2024, before the market opens. Management will discuss these results during a conference call starting at 10:00 a.m. Eastern on the same day.
To participate in the call, U.S. investors can dial toll-free (877) 407-0784, while international callers should use (201) 689-8560. Both should request to be connected to the Alliance Resource Partners earnings conference call. The call can also be accessed through the 'Investors' section of ARLP's website. An audio replay will be available for about a week after the call, accessible by dialing U.S. Toll Free (844) 512-2921 or International Toll (412) 317-6671, using access code 13747640.
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