Coal mining's Alliance Resource Partners sees big gains in income - Oklahoma Energy Today
Tulsa's big coal mining company, Alliance Resource Partners, L.P. reported big gains in net income in the third quarter of the year and attributed much of the Tulsa coal mining company, Alliance Resource Partners, L.P., reported significant gains in net income in Q3, largely due to increased coal sales from its eastern U.S. operations. Total revenues were $603 million or 5.5% more than a year ago, while net income attributable to ARLP was $139.6 million, or 46.8% higher but 75% higher than the previous quarter. The firm's adjusted EBITDA was $233.9 million or 26.3% year-over-year, driven by record oil and gas royalty revenues and volumes. The company also declared a quarterly cash distribution of $0.60 per unit, or $2.40 per unit annualized.
نشرت : في الامس بواسطة Jerry Bohnen في Business Finance
Tulsa’s big coal mining company, Alliance Resource Partners, L.P. reported big gains in net income in the third quarter of the year and attributed much of the gain on increased coal sales from its eas... [3122 symbols]
