What's In Store For Alliance Resource (ARLP) In Q3 Earnings?
Zacks Investment Research | Oct 23, 2019 08:51AM ET
Alliance Resource Partners, L.P. (NASDAQ:ARLP) is scheduled to release third-quarter 2019 earnings on Oct 28, before the market opens.
Notably, the partnership delivered an average negative earnings surprise of 3.87% in the last four quarters.
Factors to Consider
Alliance Resource Partners’ third-quarter earnings are likely to have benefited from the acquisition of an additional 9000 net royalty acres in the Midland portion of the Permian basin, which was declared in the second quarter. This acquisition is likely to have boosted the Mineral segment’s third-quarter performance.
The heat wave in July, which happened in the eastern U.S., has increased coal burning and must have boosted demand for coal during the quarter.
Keeping up with its usual trend, low-cost operations are expected to have favored the firm against high cost coal producers amid volatile market conditions and uncertainty in coal industry.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter 2019 earnings per unit is pegged at 48 cents. The projected figure suggests year-over-year decline of 12.73%. The Zacks Consensus Estimate for third-quarter sales is pegged at $503.40 million, which indicates year-over-year rise of 1.13%.
Alliance Resource Partners, L.P. Price and EPS Surprise
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