earnings
confidence high
sentiment positive
materiality 0.75
ARLP Q3 net income $57.5M, revenues $415.4M; doubles distribution to $0.20/unit
ALLIANCE RESOURCE PARTNERS LP
- Total revenues $415.4M, up 14.6% sequentially; net income $57.5M ($0.44/unit), up 30.7% sequentially.
- EBITDA $135.9M, up 14.6% sequentially; coal sales volumes up 10.3% YoY and 8.3% sequentially.
- Quarterly cash distribution doubled to $0.20/unit (annualized $0.80), payable Nov 12 to record Nov 5.
- FY2021 guidance updated: total coal sales tons 32.1-32.6M; coal sales price per ton $42.10-$44.10.
- Coal contract book added ~15.3M tons through 2024; oil & gas royalty segment EBITDA record $28.3M.