earnings
confidence high
sentiment positive
materiality 0.85
ARLP Q3 net income jumps 186% to $164.6M; raises distribution to $0.50/unit
ALLIANCE RESOURCE PARTNERS LP
- Record total revenues $628.4M (+51.3% YoY); coal sales price record $59.94/ton (+40.5%).
- Net income $164.6M ($1.25/unit) vs $57.5M ($0.44) a year ago; EBITDA $250.2M (+84%).
- Quarterly cash distribution raised 150% YoY to $0.50/unit (annualized $2.00), payable Nov 14.
- FY22 guidance: coal sales 35.5-35.9M tons at $57.50-$59.00/ton; capex $300-325M.
- Acquired $94.5M of Permian Basin oil & gas royalty acres (4,322 net acres).