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 (ARLP) announced an equity investment in Francis Energy, which operates the first comprehensive statewide network of electric vehicle (EV) fast charging stations in the U.S. This partnership aims to support the growing EV market and enhance charging infrastructure. ARLP will hold a board seat and contribute its expertise, while Francis Energy plans to expand its network beyond the Midwest. The initiative is seen as a significant step in the energy transition and boosting EV adoption across America.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported a 44.6% increase in total revenues for the quarter ended March 31, 2022, totaling $460.9 million, driven by higher coal and oil & gas sales. Net income increased to $36.7 million, or $0.28 per unit. EBITDA rose 61.5% to $152.3 million. Operating expenses increased to $373.0 million, influenced by inflation and sales volume growth. The Board increased cash distributions to $0.35 per unit, a 250% rise from the previous year. The company anticipates continued strong market conditions and potential quarterly distribution increases of 10-15%.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced a cash distribution of $0.35 per unit for the quarter ended March 31, 2022, a 250% increase from $0.10 in the same quarter of 2021. The increase reflects strong energy market conditions, yet delays in coal shipments resulted in a projected $72 million decrease in coal revenues for the quarter. ARLP anticipates net income between $35 million and $37 million, compared to $24.7 million in the prior year, aided by favorable market trends and updated guidance for coal sales volumes.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will release its first quarter 2022 financial results on May 2, 2022, before market opening. A conference call is scheduled for 10:00 a.m. Eastern the same day to discuss these results. Participants can join by dialing (877) 407-0784 or listening via ARLP's website. ARLP is a major coal producer in the eastern United States with operations across multiple states and also engages in mineral interests from oil and gas regions, generating diverse revenue streams.
Alliance Resource Partners, L.P. (ARLP) reported significant financial growth for the 2021 Quarter, with a 48% rise in net income to $51.8 million, and a 29.2% increase in total revenues to $473.5 million. The growth was driven by higher coal sales volumes and prices, alongside a 93.1% jump in oil & gas prices. However, total operating expenses rose to $300.5 million due to increased production and inflationary costs. For the 2021 Year, net income reached $178.2 million, a significant recovery from a net loss in 2020, supported by coal and oil & gas price increases. A cash distribution of $0.25 per unit was declared.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced a cash distribution increase to its unitholders for the quarter ending December 31, 2021. The distribution will be $0.25 per unit, reflecting a 25% rise from the previous quarter's $0.20. This translates to an annualized rate of $1.00 per unit, payable on February 14, 2022, to unitholders of record by February 7, 2022. The earnings report for the fourth quarter will be released before market open on January 31, 2022, followed by a conference call at 10:00 a.m. Eastern.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) plans to report its fourth quarter 2021 financial results on January 31, 2022, before market opening. The results will be discussed in a conference call at 10:00 a.m. Eastern on the same day. Interested participants can join the call by dialing (877) 407-0784 or via the investor section of ARLP's website. An audio replay will be accessible for about a week. ARLP operates seven mining complexes across states, including Illinois, Indiana, and Kentucky, making it the second largest coal producer in the eastern United States.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported strong financial results for Q3 2021, with total revenues rising 14.6% to $415.4 million, driven by increased coal sales volumes and prices. Net income surged 30.7% to $57.5 million, or $0.44 per unit, while EBITDA also increased by 14.6% to $135.9 million. Compared to Q3 2020, total revenues were up 16.8%, reflecting a robust recovery post-COVID. The company declared a cash distribution of $0.20 per unit, a 100% increase from the previous quarter. ARLP anticipates continued strong performance due to favorable market conditions in the coal and energy sectors.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will announce its third quarter 2021 financial results on October 25, 2021, before market opening. A conference call to discuss these results is scheduled for 10:00 a.m. Eastern the same day. Participants can join by calling (877) 407-0784 or internationally at (201) 689-8560 and accessing the call via the company’s website. ARLP is a leading coal producer in the eastern United States, generating income from coal and mineral interests in key regions.
Cushing Asset Management and Swank Capital announced the rebalancing of The Cushing MLP Market Cap Index, effective September 20, 2021. Following market closure on September 17, Alliance Resource Partners, L.P. (NASDAQ: ARLP) will be added as a constituent, while Global Partners LP (NYSE: GLP) will be removed. The Index tracks midstream energy infrastructure companies and is calculated by S&P Dow Jones Indices. It serves as a benchmark to monitor the performance of master limited partnerships and non-MLP midstream corporations.
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