Apr. 30 at 12:56 PM
Noble Capital Markets Research Report: Alliance Resource Partners (
$ARLP) – First Quarter Results Above Our Estimates; Stronger Second Half Expected
First quarter financial results. Alliance reported first quarter adjusted EBITDA and earnings per unit (EPU) of
$159.9 million and
$0.57, respectively, compared to
$238.4 million and
$1.21 during the prior year period. We had projected EBITDA and EPU of
$143.8 million and
$0.48. While total revenue of
$540.5 million was just shy of our
$541.1 million estimate, we underestimated coal sales and overstated transportation revenue. Consequently, transportation expense was also overstated. Total operating expenses were
$446.2 million compared to our
$462.3 million forecast.
Read more: https://www.channelchek.com/news-channel/alliance-resource-partners-arlp-first-quarter-results-above-our-estimates-stronger-second-half-expected
