Alliance Resource Partners (ARLP) Tops Q1 EPS by 33c

Alliance Resource Partners (NASDAQ: ARLP) reported Q1 EPS of $1.01, $0.33 better than the analyst estimate of $0.68. Revenue for the quarter came in at $461.1 million versus the consensus estimate of $435.43 million.

"ARLP started the year strong, posting increases to all of our major financial and operating metrics for the 2017 Quarter," said Joseph W. Craft III, President and Chief Executive Officer. "Operationally, we continued to benefit from recent efforts to reduce costs and minimize capital by shifting production to our lowest-cost mines. On the marketing front, we further strengthened ARLP’s sales contract portfolio by securing commitments for an additional 740,000 tons for deliveries through 2019 – including another 342,000 tons of 2017 shipments into the thermal and metallurgical export markets. We also recently completed our initial high-yield bond offering, successfully placing $400 million of senior unsecured notes due 2025 and garnering an industry-best corporate credit rating of Ba3/BB+. This financing provides ARLP with a stable, long-term capital structure with ample liquidity and flexibility to execute our strategy. With expectations for generating strong cash flows while maintaining a conservative balance sheet and robust distribution coverage, we believe ARLP is well positioned to once again consider gradually increasing distributions to our unitholders."

For earnings history and earnings-related data on Alliance Resource Partners (ARLP) click here.

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