Alliance Holdings GP L.P. (AHGP) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.66. The company posted revenue of $439.04 million in the period, compared to analysts expectations of $427.60 million. The company’s revenue was down -27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.
Alliance Holdings GP L.P. opened for trading at $23.25 and hit $24.32 on the upside on Wednesday, eventually ending the session at $23.98, with a gain of 2.43% or 0.57 points. The heightened volatility saw the trading volume jump to 81,051 shares. Company has a market cap of $1,436 M.
In a different news, on Jun 10, 2016, Robert J Druten (director) sold 12,825 shares at $19.60 per share price. According to the SEC, on May 7, 2015, Cary P Marshall (Vice President and Treasurer) sold 4,000 shares at $51.51 per share price.
Alliance Holdings GP L.P. (AHGP) owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP LLC (MGP). MGP is a managing general partner of Alliance Resource Partners L.P. (ARLP). The ARLP Partnership is a diversified producer and marketer of coal primarily to United States utilities and industrial users. The Company operates in four segments: Illinois Basin Appalachia White Oak and Other and Corporate. The ARLP Partnership operates in the eastern U.S. as a producer and marketer of coal to major utilities and industrial users. The ARLP Partnership operates ten underground mining complexes in Illinois Indiana Kentucky Maryland and West Virginia. The ARLP Partnership also operates a coal loading terminal on the Ohio River at Mt. Vernon Indiana.