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, L.P. (NASDAQ: ARLP) has appointed Cary P. Marshall as the new Senior Vice President and Chief Financial Officer, effective April 1, 2023. This decision follows the retirement of Brian L. Cantrell, who will assist in the transition until March 31, 2023. Cary Marshall has extensive experience, having served as Vice President, Corporate Finance and Treasurer since May 2003. Alliance is the second largest coal producer in the eastern U.S. and aims to strengthen its position in the energy sector.
Infinitum has secured $30 million in growth capital from investors including Alliance Resource Partners (ARLP) to enhance production of its sustainable air core motors. The funding will automate and expand operations at its 65,000 square foot facility in Mexico, addressing a significant rise in demand. Infinitum’s motors are noted for their efficiency, using 66% less copper and 10% less energy than traditional motors. The company is rebranding to Infinitum to highlight its commitment to sustainability and innovative design.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported significant financial growth in Q3 2022, with total revenues rising 51.3% to $628.4 million. This increase was driven by higher coal sales revenues of $550.6 million and a 75.6% boost in oil and gas royalties to $35.3 million. Net income soared 186% to $164.6 million, reflecting strong coal prices and increased sales volumes. ARLP's Board announced a cash distribution of $0.50 per unit, a 150% increase year-over-year. The firm anticipates continued favorable market conditions and plans to execute coal sales commitments totaling 5.6 million tons through 2025.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced an increased cash distribution of $0.50 per unit for the quarter ended September 30, 2022, marking a 150% increase compared to $0.20 per unit for the same quarter in 2021 and a 25% increase from $0.40 in the previous quarter. The distribution is payable on November 14, 2022, to unitholders of record as of November 7, 2022. Financial results for the quarter will be reported on October 31, 2022.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is set to announce its third quarter 2022 financial results on October 31, 2022, before market opening. A conference call to discuss the results will follow at 10:00 a.m. Eastern. Participants can join via phone or through ARLP's website. The company continues to be the largest coal producer in the Eastern United States and is also diversifying into energy by investing in the energy transition. More details can be obtained from their official website.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced the availability of its 2021 Schedule K-3 for unitholders, which contains essential items of international tax relevance. The document is particularly vital for foreign unitholders and those claiming a foreign tax credit. Unitholders can access their Schedule K-3 online at www.taxpackagesupport.com/arlp. For electronic copies, unitholders are encouraged to contact Tax Package Support. ARLP remains the largest coal producer in the eastern United States, focusing on future energy and infrastructure investments.
Alliance Resource Partners, L.P. (ARLP) reported record financial results for Q2 2022, with total revenues soaring 70.1% to $616.5 million compared to Q2 2021, driven by increased coal sales prices (up 43.3%) and volumes (up 13.9%). Net income reached $161.5 million, a 267% year-on-year rise, while EBITDA grew 105.6% to $243.8 million. Cash distributions to unitholders rose 300% to $0.40 per unit. The company anticipates continued growth in coal royalties and has executed new sales commitments for 24.9 million tons through 2025, further bolstered by strong market conditions.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced a significant cash distribution increase for the 2022 Quarter, now set at $0.40 per unit, reflecting a 300.0% rise from $0.10 in Q2 2021 and a 14.3% increase over $0.35 in Q1 2022. The distribution will be paid on August 12, 2022, to unitholders of record by August 5, 2022. ARLP is set to report its financial results on August 1, 2022, with a conference call scheduled for 10:00 a.m. Eastern.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will release its second quarter 2022 financial results on August 1, 2022, before market opening. A conference call to discuss the results will be held at 10:00 a.m. Eastern on the same day. Investors can join the call by dialing (877) 407-0784 or (201) 689-8560 for international callers. The audio replay will be available for one week post-call. ARLP is the largest coal producer in the Eastern United States, also generating revenue from mineral interests and positioning for future energy transitions.
Infinitum Electric has secured $80 million in Series D funding, bringing total investment to $135 million. This capital will enhance motor production for the commercial and industrial sectors and further develop an electric vehicle traction motor. The company, known for its innovative air-core motor technology, aims to reduce electricity demand and carbon footprint as electrification grows in various industries. Among the investors are Alliance Resource Partners and Riverstone Holdings, emphasizing strong industrial backing.
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