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Alliance Resource Partners: 1Q24 Earnings Confirm That The Value Is Durable
Seeking Alpha· 2024-04-30 16:53
Abstract Aerial ArtEarly March this year, I issued a bullish thesis on Alliance Resource Partners, L.P. (NASDAQ:ARLP), which is the largest coal producer in the eastern U.S. It is also worth noting that ARLP's business is not only about coal, but also increasingly about revenue generation from mineral and royalty interests in strategic oil & gas basins (albeit this share is relatively minor as of now). My investment case boiled down to the underlying value and its cheapness in the context of the balance ...
Alliance Resource Partners(ARLP) - 2024 Q1 - Earnings Call Transcript
2024-04-29 15:59
Alliance Resource Partners, L.P. Common Units (NASDAQ:ARLP) Q1 2024 Earnings Conference Call April 29, 2024 10:00 AM ET Company Participants Cary Marshall - Senior Vice President and Chief Financial Officer Joe Craft - Chairman, President, and Chief Executive Officer Conference Call Participants Nathan Martin - Benchmark Company Mark Reichman - Noble Capital Markets Dave Storms - Stonegate Capital Markets David Marsh - Singular Research Eve Segal - Segal Assets Operator Greetings and welcome to Alliance Res ...
Alliance Resource (ARLP) Q1 Earnings & Sales Beat Estimates
Zacks Investment Research· 2024-04-29 13:36
Core Insights - Alliance Resource Partners, L.P. (ARLP) reported first-quarter 2024 operating earnings per unit (EPU) of $1.21, exceeding the Zacks Consensus Estimate of $1.01 by 19.8%, but down 16.6% from $1.45 in the same quarter last year [1] - Total revenues reached $651.7 million, surpassing the Zacks Consensus Estimate of $625 million by 4.3%, but decreased 1.7% from $662.9 million year-over-year [2] Financial Performance - Total operating expenses were $491.4 million, an increase of 7.8% year-over-year, with operating expenses (excluding depreciation, depletion, and amortization) at $363.9 million, up 7.4% [3] - Income from operations was $160.3 million, down 22.7% from the prior-year quarter [3] - Interest expense decreased to $7.7 million from $12.7 million in the prior-year period [3] Cash Flow and Debt - Cash and cash equivalents stood at $133.9 million as of March 31, 2024, compared to $59.8 million as of December 31, 2023 [4] - Long-term debt increased to $354.6 million as of March 31, 2024, from $316.8 million as of December 31, 2023 [4] - Cash provided by operating activities for the first three months of 2024 totaled $209.7 million, down from $221.7 million in the year-ago period [4] Guidance - Alliance Resource expects total sales for 2024 to be between 34-35.8 million short tons, with coal sales prices projected to be in the range of $61.75-$63.75 per ton [5] - Total capital expenditures for 2024 are anticipated to be between $450-$500 million, with net interest expense projected at $20-$25 million [5] Market Position - Alliance Resource currently holds a Zacks Rank 4 (Sell) [6]
Alliance Resource Partners(ARLP) - 2024 Q1 - Quarterly Results
2024-04-29 12:00
PRESS RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE ALLIANCE RESOURCE PARTNERS, L.P. Reports Solid First Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Reiterates 2024 Guidance Highlights ● Increased coal sales volumes to 8.7 million tons, up 2.4% year-over-year ● Record oil & gas royalty volumes of 898 MBOE, up 18.3% year-over-year and 11.0% sequentially ● First quarter 2024 total revenue of $651.7 million, net income of $158.1 million, and EBITDA of $235.0 ...
April's Hidden Gems: 3 Overlooked Stocks to Freshen Up Your Portfolio
InvestorPlace· 2024-04-09 16:24
​Today we dive deeper than the headlines ​to uncover overlooked stocks​. In the ​artificial intelligence (AI​) market of ​2024, tech giants dominated the first quarter. Yet, savvy investors are ​n​ow looking for undervalued companies with breakout potential. The S&P 500 and Nasdaq 100 ​have seen respectable gains of​ over​ 7%​ year to date (YTD). However, a number of prominent growth stocks are showing signs of cooling off. Thus, the decline in their stock prices could be a prime opportunity for a market ro ...
Alliance Resource Partners, L.P. (ARLP) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-03-15 23:21
Alliance Resource Partners, L.P. (ARLP) closed the latest trading day at $19.76, indicating a +0.56% change from the previous session's end. This move outpaced the S&P 500's daily loss of 0.65%. Elsewhere, the Dow saw a downswing of 0.49%, while the tech-heavy Nasdaq depreciated by 0.96%.Coming into today, shares of the company had gained 0.26% in the past month. In that same time, the Oils-Energy sector gained 6.72%, while the S&P 500 gained 3.27%.The investment community will be closely monitoring the per ...
Want $600 in Super Safe Annual Dividend Income? Invest $5,925 Into the Following 3 Ultra-High-Yield "Vice" Stocks.
The Motley Fool· 2024-03-14 09:21
Wall Street offers investors a multitude of pathways to grow their wealth. Among these countless strategies, few have delivered more robust long-term returns than buying and holding dividend stocks.Last year, researchers at Hartford Funds released a lengthy report that examined the power and potential that dividend stocks bring to the table for long-term-minded investors. In particular, a collaboration with Ned Davis Research revealed a stark disparity in average annual returns between non-payers and compan ...
Alliance Resource Partners: Strong Buy At P/FCF Of 5.6x And Dividend Yield Of 14%
Seeking Alpha· 2024-03-10 14:36
Schroptschop Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a master limited partnership operating primarily in the coal space. It has seven underground coal mining complexes, which position ARLP as the largest coal producer in the eastern U.S. There is also a component of mineral and royalty interests in strategic oil & gas basins as well as some cash flows from energy infrastructure joint ventures, but in the grand scheme of things all of this plays an immaterial role in ARLP's business. The overal ...
Alliance Resource Partners, L.P. Names Steven Schnitzer Senior Vice President, General Counsel and Secretary
Businesswire· 2024-02-27 21:15
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP's legal activities. "Mr. Schnitzer is well-known to ARLP and several members of our management team," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Steven was involved in 1996 in the leverage ...
Alliance Resource Partners(ARLP) - 2023 Q4 - Annual Report
2024-02-22 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________TO_____________ COMMISSION FILE NO.: 0-26823 ALLIANCE RESOURCE PARTNERS, L.P. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 7 ...