Alliance Resource Partners LP - ARLP STOCK NEWS

Alliance Resource Partners (NASDAQ: ARLP) announced that its intermediate partnership, Alliance Resource Operating Partners (AROP), along with Alliance Resource Finance , plans to offer $400 million in senior unsecured notes due 2029 in a private placement, subject to market conditions. AROP intends to use part of the proceeds to redeem its 7.5% Senior Notes due 2025 and the rest for general corporate purposes. A conditional notice of redemption has been delivered for the 2025 Notes, with the redemption date set for June 28, 2024. The new notes will be offered only to qualified institutional buyers and persons outside the U.S., and won't be registered or listed on any securities exchange.

Alliance Resource Partners, L.P. (ARLP) received an update from Stonegate Capital Partners, with key takeaways including a 2.4% y/y increase in volumes, $284.6M of debt payments expected in FY24, and promising alternative revenue streams.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported solid financial results for the first quarter of 2024, despite decreased total revenues of $651.7 million compared to the 2023 Quarter. However, quarterly cash distributions stood at an impressive $0.70 per unit. These results were primarily impacted by a decrease in average coal sales prices and increased total operating expenses. The good news is, EBITDA for the quarter stood at $235.0 million which is a positive aspect, showing healthy financial performance. The liquidity position improved to $551.3 million, with a strong cash position of $134.0 million. In a positive move, the company reiterated its 2024 guidance, and the CEO emphasized the significance of the heavily contracted coal order book and continued growth in the Oil & Gas Royalties business, setting the stage for another robust year. However, there were certain negative aspects, the company experienced a decrease in total adjusted EBITDA and net income compared to the 2023 Quarter. They also reported a slight increase in Segment Adjusted EBITDA Expense per ton in some coal operations.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced a quarterly distribution of $0.70 per unit for the 2024 Quarter, consistent with previous quarters, payable on May 15, 2024.

Alliance Resource Partners, L.P. (ARLP) will announce its first quarter 2024 financial results on April 29, 2024. The earnings conference call will take place at 10:00 a.m. Eastern on the same day. Investors can participate by dialing the provided numbers or listening through ARLP's website. An audio replay will be available for one week.

Stonegate Capital Partners updates coverage on Alliance Resource Partners, L.P., highlighting an 8.6% year-over-year increase in full-year coal pricing, $85.0M of debt payments in FY23, and a strong FY24 futures curve.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported record full year 2023 total revenue of $2.6 billion, coal sales price realizations of $64.17 per ton sold, and net income of $630.1 million. The EBITDA for the full year was $933.1 million. The company completed $24.8 million in oil & gas mineral interest acquisitions and reduced debt by $22.9 million during the fourth quarter of 2023. ARLP declared a quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized. The 2024 expected coal sales volumes are over 90% committed and priced at levels similar to 2023.

Alliance Resource Partners, L.P. (ARLP) has announced a cash distribution of $0.70 per unit for the quarter ended December 31, 2023, consistent with previous quarters. The distribution is payable on February 14, 2024, to unitholders of record as of February 7, 2024. ARLP will report financial results for the 2023 Quarter on January 29, 2024, and will hold a conference call to discuss the results. The company also provided notice to brokers and nominees regarding federal income tax withholding for non-U.S. investors.

Infinitum and Matrix Design Group, a subsidiary of Alliance Resource Partners, have announced an agreement to develop and distribute high-efficiency, reliable motors and advanced motor controllers for the mining industry. The new motor system is 50% smaller and lighter, uses 66% less copper, consumes 10% less energy, and aims to electrify heavy industry. This collaboration is expected to bring innovation to the mining industry, reduce operating costs, and boost productivity.