Alliance Resource Partners Shares Holds Near Flat After Mixed Q1 Results
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Alliance Resource Partners, L.P. (ARLP) reported mixed Q1 results, with adjusted earnings per share of 31 cents, missing estimates of 34 cents, while revenue of $516.01 million exceeded expectations but showed a 4.5% decline year-over-year. The decline was attributed to lower coal sales pricing, despite record oil and gas royalty revenues. The company declared a quarterly cash distribution of $0.60 per unit. As of now, ARLP shares are trading 0.52% lower at $24.77.
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