ARLP Q3 net income $153.7M ($1.18/unit); distribution raised 40% to $0.70/unit

ALLIANCE RESOURCE PARTNERS LP

Net income $153.7M ($1.18/unit) vs $167.7M ($1.25/unit) in Q3 2022; revenue $636.5M (flat YoY).
Coal sales price $64.94/ton (+8.3% YoY); total tons sold 8.456M (-7.9% YoY, -5.0% sequential).
Oil & gas royalty volumes record 772 MBOE sold (+28.2% YoY); segment EBITDA $31.4M (-20.4% YoY).
Quarterly cash distribution increased 40% to $0.70/unit, payable Nov 14, 2023 to holders of record Nov 7.
Invested $50M in Ascend Elements ($25M) and Infinitum ($24.6M); reduced senior notes by $54.6M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALLIANCE RESOURCE PARTNERS LP reported the quarter ended September 30, 2023 results: revenue $636.5 million, net income $153.7 million, EPS $1.18 per basic and diluted limited partner unit.

Period: the quarter ended September 30, 2023
Revenue: $636.5 million
Net income: $153.7 million
EPS: $1.18 per basic and diluted limited partner unit
Result: reported results

Exact text from the filing

Total revenues in the 2023 Quarter increased slightly to $636.5 million compared to $632.5 million for the quarter ended September 30, 2022 (the "2022 Quarter") primarily as a result of higher transportation and other revenues, partially offset by lower oil & gas royalties. Net income for the 2023 Quarter was $153.7 million, or $1.18 per basic and diluted limited partner unit, compared to $167.7 million, or $1.25 per basic and diluted limited partner unit, for the 2022 Quarter as a result of increased total operating expenses, partially offset by higher interest income and lower income tax expense.

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Source: SEC EDGAR

accession 0001558370-23-016904

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