earnings
confidence high
sentiment neutral
materiality 0.65
ARLP Q1 net income falls to $158.1M ($1.21/unit) from $191.2M; holds distribution at $0.70/unit
ALLIANCE RESOURCE PARTNERS LP
- Total revenue $651.7M, down 1.7% YoY; net income $158.1M vs $191.2M in Q1 2023.
- Coal sales volumes up 2.4% to 8.7M tons; Illinois Basin price +5.8%, Appalachia -19.4% YoY.
- Record oil & gas royalty volumes of 898 MBOE, up 18.3% YoY; segment EBITDA $31.4M.
- Quarterly cash distribution of $0.70/unit declared, payable May 15, 2024 to holders of record May 8.
- Full-year 2024 guidance reaffirmed: total coal sales 34.0–35.8M tons; capex $450–500M.