US01877R1086
ALLIANCE RESOURCE PARTNERS
NASDAQ:ARLP (11/22/2024, 8:23:51 PM)
After market: 27.5472 -0.94 (-3.31%)28.49
+0.61 (+2.19%)
Alliance Resource Partners LP is a natural resource company, which produces and markets coal to United States utilities and industrial users. The company is headquartered in Tulsa, Oklahoma and currently employs 3,595 full-time employees. The company is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
ALLIANCE RESOURCE PARTNERS
1717 S Boulder Ave
Tulsa OKLAHOMA 74119
P: 19182957600
CEO: Joseph W. Craft III
Employees: 3595
Website: https://www.arlp.com/
DALLAS - (NewMediaWire) - October 31, 2024 - Alliance Resource Partners, L.P. (NASDAQ: ARLP): Stonegate Capital Partners updates coverage on Alliance Resource Partners, L.P. ARLP reported modest 3Q24 results. Coal sales volumes increased by 6.7% q/q, offset by a 2.1% decrease in pricing. ARLP maintained its FY24 guidance, following the slight reduction made in 2Q24. Therefore, we have updated our model accordingly. We also note that management is optimistic when looking into FY25 due to the strengthening order book and demand outlook, which is expected to result in modest ASP improvement. This combined with the numerous capital-intensive projects designed to improve efficiencies that are expected to wrap prior to FY25 gives us confidence in ARLP’s ability to drive profitability when looking into 2025, supported by a long dated and growing order book.
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ARLP earnings call for the period ending September 30, 2024.
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