Alliance Resource Partners (ARLP) Misses Q4 EPS by 39c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus
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Alliance Resource Partners, L.P. Reports Annual Increases to Revenues, Net Income, EBITDA and Coal Production and Record Coal Sales Volumes; Increases Quarterly Cash Distribution 1.0% to $0.53 Per Uni
January 28, 2019 7:00 AM ESTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the year and quarter ended December 31, 2018 (the "2018 Year" and "2018 Quarter", respectively).
For the 2018 Year, on the strength of record coal sales volumes and higher coal sales prices, total revenues increased 11.5% to $2.0 billion compared to the year ended December 31, 2017 (the "2017 Year"). Net income attributable to ARLP increased 20.7% to $366.6 million for the 2018 Year, compared to $303.6 million for the 2017 Year. Net income attributable to ARLP per basic and diluted limited partner unit was $2.74 for the 2018 Year... More
