Stonegate Capital Partners Updates Coverage on Alliance Resource Partners, L.P. (ARLP) 2024 Q4
Alliance Resource Partners (ARLP) faced challenges in Q4 2024, with total revenues declining 5.6% year-over-year to $590.1M. The decrease was primarily attributed to a 2.3% reduction in coal sales volumes and lower coal sales pricing. Net income significantly dropped to $16.3M from $115.4M in Q4 2023, impacted by higher operating expenses and $31.1M in non-cash impairment charges related to MC Mining operations.
Adjusted EBITDA decreased 27.2% sequentially to $124.0M. Despite these challenges, ARLP maintains its FY2025 guidance, expecting improvements from operational efficiencies, strengthening order book, and declining domestic inventories. The company completed $9.6M in mineral interest acquisitions for its O&G royalties business and achieved its coal inventory target of 0.6 million tons. ARLP ended Q4 with $593.9M in liquidity, including $137.0M in cash and $456.9M in available credit.
Alliance Resource Partners (ARLP) ha affrontato delle difficoltà nel quarto trimestre del 2024, con ricavi totali in calo del 5,6% rispetto all'anno precedente, per un totale di 590,1 milioni di dollari. La diminuzione è stata principalmente attribuita a una riduzione del 2,3% nei volumi di vendita di carbone e a un abbassamento dei prezzi di vendita del carbone. L'utile netto è crollato sensibilmente a 16,3 milioni di dollari, rispetto ai 115,4 milioni di dollari del quarto trimestre del 2023, influenzato da costi operativi più elevati e da 31,1 milioni di dollari in oneri di svalutazione non monetari relativi alle operazioni di MC Mining.
L'EBITDA rettificato è diminuito del 27,2% su base sequenziale, attestandosi a 124,0 milioni di dollari. Nonostante queste difficoltà, ARLP mantiene le previsioni per l'anno fiscale 2025, aspettandosi miglioramenti grazie all'efficienza operativa, al rafforzamento del portafoglio ordini e alla diminuzione delle scorte domestiche. L'azienda ha completato acquisizioni di interessi minerali per 9,6 milioni di dollari per la sua attività di royalties O&G e ha raggiunto l'obiettivo di inventario di carbone di 0,6 milioni di tonnellate. ARLP ha chiuso il quarto trimestre con una liquidità di 593,9 milioni di dollari, inclusi 137,0 milioni di dollari in contante e 456,9 milioni di dollari in credito disponibile.
Alliance Resource Partners (ARLP) enfrentó desafíos en el cuarto trimestre de 2024, con ingresos totales que disminuyeron un 5.6% interanual, alcanzando los 590.1 millones de dólares. La disminución se atribuyó principalmente a una reducción del 2.3% en los volúmenes de ventas de carbón y a precios de venta de carbón más bajos. La utilidad neta cayó significativamente a 16.3 millones de dólares desde 115.4 millones de dólares en el cuarto trimestre de 2023, afectada por mayores gastos operativos y 31.1 millones de dólares en cargos por deterioro no monetarios relacionados con las operaciones de MC Mining.
El EBITDA ajustado disminuyó un 27.2% secuencialmente, situándose en 124.0 millones de dólares. A pesar de estos desafíos, ARLP mantiene su guía para el año fiscal 2025, esperando mejoras por eficiencias operativas, un portafolio de pedidos fortalecido y la disminución de inventarios locales. La compañía completó adquisiciones de intereses minerales por 9.6 millones de dólares para su negocio de regalías de O&G y alcanzó su objetivo de inventario de carbón de 0.6 millones de toneladas. ARLP finalizó el cuarto trimestre con 593.9 millones de dólares en liquidez, incluyendo 137.0 millones de dólares en efectivo y 456.9 millones de dólares en crédito disponible.
Alliance Resource Partners (ARLP)는 2024년 4분기에 어려움을 겪었으며, 총 수익이 전년 대비 5.6% 감소한 5억 9천 1백만 달러를 기록했습니다. 이 감소는 주로 석탄 판매량이 2.3% 줄어들고 석탄 판매 가격이 낮아진 데 기인합니다. 순이익은 2023년 4분기의 1억 1천 5백 4십만 달러에서 1천 6백 3십만 달러로 크게 떨어졌으며, 이는 높은 운영 비용과 MC Mining 운영과 관련된 3천 1백 10만 달러의 비현금 감액 비용에 영향을 받았습니다.
조정된 EBITDA는 순차적으로 27.2% 감소하여 1억 2천 4백만 달러에 이릅니다. 이러한 도전에도 불구하고, ARLP는 2025 회계연도 가이던스를 유지하고 있으며, 운영 효율성, 강화된 주문서 및 국내 재고 감소로 인한 개선을 기대하고 있습니다. 이 회사는 O&G 로열티 비즈니스를 위한 광물 이자 인수에 9.6백만 달러를 완료했으며, 석탄 재고 목표인 60만 톤을 달성했습니다. ARLP는 4분기를 5억 9천 3백 9십만 달러의 유동성을 보유하고 종료했으며, 이에는 1억 3천 7백만 달러의 현금과 4억 5천 6백 9십만 달러의 사용 가능한 신용이 포함됩니다.
Alliance Resource Partners (ARLP) a rencontré des difficultés au quatrième trimestre 2024, avec un chiffre d'affaires total en baisse de 5,6 % par rapport à l'année précédente, s'élevant à 590,1 millions de dollars. Cette diminution est principalement due à une réduction de 2,3 % des volumes de ventes de charbon et à des prix de vente de charbon plus faibles. Le bénéfice net a considérablement chuté à 16,3 millions de dollars contre 115,4 millions de dollars au quatrième trimestre 2023, impacté par des charges d'exploitation plus élevées et 31,1 millions de dollars de charges de dépréciation non monétaires liées aux opérations de MC Mining.
L'EBITDA ajusté a diminué de 27,2 % par rapport au trimestre précédent, atteignant 124,0 millions de dollars. Malgré ces défis, ARLP maintient ses prévisions pour l'exercice 2025, s'attendant à des améliorations grâce à l'efficacité opérationnelle, à un carnet de commandes renforcé et à la diminution des stocks domestiques. L'entreprise a complété des acquisitions d'intérêts minéraux pour 9,6 millions de dollars pour son activité de redevances O&G et a atteint son objectif d'inventaire de charbon de 0,6 million de tonnes. ARLP a terminé le quatrième trimestre avec une liquidité de 593,9 millions de dollars, dont 137,0 millions de dollars en espèces et 456,9 millions de dollars en crédit disponible.
Alliance Resource Partners (ARLP) sah sich im vierten Quartal 2024 mit Herausforderungen konfrontiert, da die Gesamtumsätze um 5,6 % im Vergleich zum Vorjahr auf 590,1 Millionen Dollar zurückgingen. Der Rückgang war hauptsächlich auf einen Rückgang der Kohlenverkaufsvolumen um 2,3 % und niedrigere Kohlenverkaufspreise zurückzuführen. Der Nettogewinn fiel erheblich von 115,4 Millionen Dollar im vierten Quartal 2023 auf 16,3 Millionen Dollar, was durch gestiegene Betriebskosten und 31,1 Millionen Dollar an nicht monetären Wertminderungsaufwendungen im Zusammenhang mit den MC Mining-Betrieben beeinflusst wurde.
Das bereinigte EBITDA fiel sequenziell um 27,2 % auf 124,0 Millionen Dollar. Trotz dieser Herausforderungen hält ARLP an seiner Prognose für das Geschäftsjahr 2025 fest und erwartet Verbesserungen durch betriebliche Effizienz, einen stärkeren Auftragsbestand und sinkende Inlandsbestände. Das Unternehmen hat Mineralinteressen für 9,6 Millionen Dollar für sein O&G-Royalty-Geschäft erworben und sein Kohleninventar-Ziel von 0,6 Millionen Tonnen erreicht. ARLP schloss das vierten Quartal mit einer Liquidität von 593,9 Millionen Dollar ab, einschließlich 137,0 Millionen Dollar Bargeld und 456,9 Millionen Dollar verfügbarer Kreditlinie.
- Strong liquidity position of $593.9M
- Achieved coal inventory target of 0.6 million tons
- Continued expansion in O&G royalties with $9.6M in acquisitions
- Revenue declined 5.6% YoY to $590.1M
- Net income dropped 85.9% to $16.3M from $115.4M YoY
- Adj. EBITDA decreased 27.2% sequentially
- $31.1M non-cash impairment charges for MC Mining operation
- 2.3% decline in coal sales volumes
Insights
The Q4 2024 results for Alliance Resource Partners present a complex picture of near-term challenges and strategic positioning. The 85.9% year-over-year decline in net income to
The
The company's continued investment in O&G royalties (
The robust liquidity position of
Key indicators to monitor include:
- Efficiency realization progress in mining operations
- Order book strength and pricing trends
- Domestic inventory levels and their impact on market dynamics
- Performance of the O&G royalties segment as a diversification strategy
Dallas Texas--(Newsfile Corp. - February 4, 2025) - Alliance Resource Partners, L.P. (NASDAQ: ARLP): Stonegate Capital Partners updates coverage on Alliance Resource Partners, L.P. ARLP reported a challenging 4Q24, impacted by lower coal sales pricing and higher operating expenses. Total revenues for the quarter decreased by
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- ARLP continued to expand its O&G royalties' business, completing
$9.6M in mineral interest acquisitions during the quarter. - ARLP reached its coal inventory goal for FY24, reaching 0.6 million tons.
- The Company ended 4Q24 with a solid liquidity position of
$593.9M , consisting of$137.0M in cash and$456.9M in available credit.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239566
FAQ
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