earnings
confidence high
sentiment positive
materiality 0.90
ARLP Q2 2022: record revenue $616.5M, net income $161.5M, distribution raised to $0.40/unit
ALLIANCE RESOURCE PARTNERS LP
- Total revenue $616.5M (+70.1% YoY); net income $161.5M (+266.7% to $1.23/unit); EBITDA $243.8M (+105.6%).
- Coal sales price per ton up 43.3% YoY; tons sold up 13.9%; all regions saw higher prices and volumes.
- Quarterly distribution increased 300% YoY to $0.40/unit; management targets 10-15% quarterly increases through year-end.
- Committed $25M to NGP ETP IV, a private equity fund focused on the lower-carbon economy transition.
- Updated FY2022 guidance: total coal sales 35.5-37.0M tons; coal price $56-$63/ton; capex $230-$250M.