Alliance Resource Partners L.P. (ARLP) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Alliance Resource Partners L.P. (ARLP) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.52. The company posted revenue of $412.80 million in the period, compared to analysts expectations of $463.94 million. The company’s revenue was down -26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

Alliance Resource Partners L.P. opened for trading at $14.45 and hit $15.08 on the upside on Friday, eventually ending the session at $14.64, with a gain of 0.90% or 0.13 points. The heightened volatility saw the trading volume jump to 2,74,268 shares. Company has a market cap of $1,089 M.

In a different news, on Feb 11, 2016, John P Neafsey (director) purchased 5,000 shares at $12.15 per share price. According to the SEC, on Aug 6, 2015, Robert J Fouch (Vice President and Controller) purchased 11,000 shares at $23.47 per share price.

Alliance Resource Partners L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through four segments: the Illinois Basin Appalachia White Oak Resources LLC (White Oak) and Other and Corporate. The Company’s Illinois Basin mining operations are located in western Kentucky southern Illinois and southern Indiana. The Company’s Appalachian mining operations are located in eastern Kentucky Maryland and West Virginia. It owns and operates the coal handling and processing facilities and provides mine products and services. The Company also develops and markets additional services including ash and scrubber sludge removal coal yard maintenance and arranging alternate transportation services.

Alliance Resource Partners L.P.

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