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.
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.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) announced the retirement of Charles R. Wesley, Executive Vice President and Director, effective July 31, 2021. Wesley, who joined the company in 1974 and served in various roles, will retain an advisory position as Director Emeritus. Joseph W. Craft III, CEO, praised Wesley's leadership and contributions to the company. The board has not yet filled the vacancy created by his retirement. ARLP is a significant coal producer in the eastern United States, with operations in multiple states and additional income sources from mineral interests.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported strong financial results for the second quarter of 2021, with total revenues rising 42.0% to $362.4 million compared to the same period in 2020. Net income surged 77.9% to $44.0 million, fueled by higher coal sales volumes and escalating oil & gas prices. Segment Adjusted EBITDA rose 119.3%, reflecting robust coal operations and improved royalty revenues. The company declared a cash distribution of $0.10 per unit, maintaining its previous distribution level. Looking ahead, ARLP anticipates increased coal sales volumes amid favorable market conditions.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will announce its second quarter 2021 financial results on July 26, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern, where management will discuss the results. Investors can participate by calling (877) 407-0784 or accessing the call via ARLP's website. The company is a leading coal producer in the eastern U.S., generating income from various sources including coal and mineral interests in oil and gas regions.
Alliance Resource Partners, L.P. (ARLP) reported a net income of $24.7 million for Q1 2021, a significant increase from a net loss of $144.8 million in Q1 2020. Adjusted net income rose 102.5% year-over-year. Despite revenue decreasing by 9.2% due to weather-related disruptions, operating expenses were reduced, resulting in Segment Adjusted EBITDA of $109.8 million. The Board declared a cash distribution of $0.10 per unit, reflecting improved cash flow. With increased coal market fundamentals, ARLP secured commitments for 5.4 million tons delivery through 2023 and reduced total debt by $52.9 million.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will announce its Q1 2021 financial results on April 26, 2021, before market opening. Management will discuss these results during a conference call at 10:00 a.m. Eastern Time on the same day. Interested participants can join the call by dialing the respective numbers for US, Canadian, and international callers or by accessing it via the ARLP website. ARLP is a major coal producer in the eastern United States, operating seven complexes and a coal loading terminal, while also generating income from oil and gas mineral interests.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported its 2020 Quarter financial performance, achieving a 3.1% revenue increase to $366.5 million quarter-over-quarter, driven by higher coal sales and oil & gas royalties. Net income rose 28.8% to $35.0 million, despite a 19.2% drop compared to the 2019 Quarter due to pandemic impacts. Total revenues for 2020 were down 32.3% year-over-year at $1.33 billion, resulting in a net loss of $129.2 million. The company maintained a total leverage ratio of 1.53 times, substantially below covenant limits, and generated $90.6 million in free cash flow in Q4 2020.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is set to release its fourth quarter 2020 financial results on February 1, 2021, before market opening. Management will discuss the results in a conference call at 10:00 a.m. Eastern on the same day. Interested participants can dial in or listen via the ARLP website. ARLP operates seven mining complexes across several states, ranking as the second largest coal producer in the eastern U.S. The company also generates income from oil and gas mineral interests in prominent U.S. basins.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) reported significant financial improvements for Q3 2020, with total revenues rising by 39.4% to $355.7 million compared to Q2 2020. Net income surged 158.3% to $27.2 million, and EBITDA increased 146.4% to $118.8 million. Coal operations saw a 48.5% rise in sales volumes and a 66.6% increase in production. Despite improvements, revenues fell 23.5% year-over-year due to reduced coal sales volumes and prices, amid ongoing impacts from the COVID-19 pandemic.
Alliance Resource Partners, L.P. (ARLP) will release its Q3 2020 financial results before market opens on October 26, 2020. A conference call for discussing these results will follow at 10:00 a.m. Eastern. Participants can join via phone or through ARLP's website.
ARLP operates seven mining complexes across several states and is the second largest coal producer in the eastern U.S. The company also generates royalty income from mineral interests in key oil and gas regions.
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