Welcome to our dedicated page for Alliance Rsc news (Ticker: ARLP), a resource for investors and traders seeking the latest updates and insights on Alliance Rsc 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) is set to report its first quarter 2023 financial results prior to market open on Tuesday, May 2, 2023. The management will host a conference call at 10:00 a.m. Eastern to discuss the results. To participate, callers can dial (877) 407-0784, or internationally at (201) 689-8560. Additionally, investors can access the call via ARLP’s investor relations website. An audio replay of the call will be available for about a week after. ARLP is the largest coal producer in the eastern United States, providing reliable energy to utilities and industrial users while exploring future energy partnerships.
Alliance Resource Partners, L.P. (ARLP) reported a remarkable increase in financial results for the fourth quarter and full year of 2022. Fourth-quarter revenue reached $700.7 million, a 48.0% year-over-year rise, with net income soaring to $214.5 million, up 313.8%. For the full year, revenue hit a record $2.4 billion, up 53.3%, with net income growing 224.0% to $577.2 million. The company raised its quarterly cash distribution to $0.70 per unit and initiated a $100.0 million unit repurchase program. Additionally, ARLP successfully refinanced its credit facility, enhancing liquidity until March 2027, and expects 94% of 2023 coal sales volumes to be committed and priced above last year's levels.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced an increased cash distribution of
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is set to report its fourth quarter 2022 financial results on January 30, 2023, before market opening. The management will discuss the results during a conference call at 10:00 AM Eastern Time. Participants can join the call via phone or online, with a replay available for a week afterward. As the second largest coal producer in the eastern United States, ARLP also generates income from mineral interests in coal and oil & gas. The company is committed to investing in energy and infrastructure transitions to secure its future in the market.
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.
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