earnings
confidence high
sentiment positive
materiality 0.78
Alliance Resource Q1 revenue $460.9M, net income $36.7M; dividend raised 40% to $0.35/unit; FY guidance up
ALLIANCE RESOURCE PARTNERS LP
- Q1 revenues $460.9M (+44.6% YoY); net income $36.7M ($0.28/unit) vs $24.7M ($0.19) YoY; EBITDA $152.3M (+61.5%).
- Quarterly cash distribution raised 40% to $0.35/unit, payable May 13, 2022 to holders of record May 6.
- FY2022 guidance raised: coal sales 35.5-37.0M tons at $54-63/ton; oil & gas royalty volumes and prices up.
- Coal shipment delays of ~1.1M tons in Q1 due to barge/rail issues; expects catch-up rest of year.
- One-time non-cash deferred tax charge of $37.3M from converting oil & gas royalties to corporate entity.