Alliance Resource (ARLP) Q1 Earnings Top Estimates, Sales Up
Zacks Investment Research | Apr 28, 2019 11:22PM ET
Alliance Resource Partners, L.P. (NASDAQ:ARLP) reported first-quarter 2019 operating earnings of $1.03 per unit, beating the Zacks Consensus Estimate of 69 cents by 49.3%.
Total Revenues
Total revenues in the reported quarter were $526.6 million, almost in line with the Zacks Consensus Estimate of $527 million. However, the reported revenues reflect year-over-year growth of 15.2%.
The year-over-year improvement in the top line was on account of overall higher coal sales volume and increased coal sales price per ton. Further, increased revenues from transportation aided its top-line growth.
Operational Update
In the reported quarter, Alliance Resource sold 10.321 million tons of coal at an average sales price of $46.12 per ton.
Total operating expenses in the quarter under review were $421.9 million, increasing 42.1% year over year.
However, interest expenses were $11.4 million, declining 4.6% year over year.
Alliance Resource Partners, L.P. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.