Jul. 30 at 4:55 PM
Noble Capital Markets Research Report: Alliance Resource Partners (
$ARLP) – Solid Second Quarter Performance; Cash Flow Profile Remains Attractive
Second quarter financial results. Alliance reported second quarter adjusted EBITDA and earnings per unit (EPU) of
$161.9 million and
$0.46, respectively, compared to
$181.4 million and
$0.77 during the prior year period. We had projected EBITDA and EPU of
$159.8 million and
$0.57. Reported earnings per unit include a
$25 million non-cash impairment charge. Total revenue amounted to
$547.5 million compared to
$593.4 million during the prior year period and our
$577.4 million estimate. The variance compared to our revenue estimate was largely due to lower coal sales.
Read more: https://www.channelchek.com/news-channel/alliance-resource-partners-arlp-solid-second-quarter-performance-cash-flow-profile-remains-attractive