Core Insights - Alliance Resource Partners, L.P. (ARLP) reported a challenging 4Q24, with total revenues decreasing by 5.6% year-over-year to $590.1 million, primarily due to a 2.3% decline in coal sales volumes [1] - Net income for the quarter fell to $16.3 million compared to $115.4 million in 4Q23, impacted by higher operating costs and non-cash impairment charges of $31.1 million related to the MC Mining operation [1] - Adjusted EBITDA decreased by 27.2% sequentially to $124.0 million, reflecting the operational challenges faced during the quarter [1] - Despite these challenges, ARLP remains committed to its FY25 guidance, expecting improvements driven by operational efficiencies, a strengthening order book, and declining domestic inventories [1] Financial Performance - Total revenues for 4Q24 were $590.1 million, a decrease of 5.6% year-over-year [1] - Net income dropped to $16.3 million from $115.4 million in the same quarter last year [1] - Adjusted EBITDA for the quarter was $124.0 million, down 27.2% sequentially [1] Operational Highlights - ARLP expanded its oil and gas royalties business, completing $9.6 million in mineral interest acquisitions during the quarter [6] - The company achieved its coal inventory goal for FY24, reaching 0.6 million tons [6] - ARLP ended 4Q24 with a solid liquidity position of $593.9 million, which includes $137.0 million in cash and $456.9 million in available credit [6]
Stonegate Capital Partners Updates Coverage on Alliance Resource Partners, L.P. (ARLP) 2024 Q4