Alliance Resource Partners' (ARLP) Q4 earnings match estimates while total revenues lag the same.
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Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the January 27, 2020, distribution cut announcement by Alliance Resource Partners, L.P. (NASDAQ: ARLP), after the market closes on February 6, 2020, (the distribution ex-date) and effective on February 7, 2020, Holly Energy Partners, LP (NYSE: HEP) will replace ARLP as a constituent of the Index at ARLP's then-current weight.
Peabody Energy's (BTU) Q4 loss is narrower than expected and revenues beat the Zacks Consensus Estimate.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2020 financial results before the market opens on Friday, May 8, 2020. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
Alliance Resource Partners (ARLP) is set to implement certain changes to counter the challenges posed by the outbreak of COVID-19.
Arch Coal's (ARCH) Q4 loss is narrower than expected. The company is working on the development of a new mine, which is set to produce high-quality coking coal.
Earlier this morning, Alliance Resource Partners released its first quarter 2020 earnings, and we'll now discuss these results as well as our perspective on market conditions. As economic and market conditions began to shift significantly during the 2020 quarter, ARLP's financial and operating results evolved as well.
The coal industry remains a major supplier to key industries such as steel and utilities with coal-fired electricity plants. Its dominance remains despite growing global awareness of climate change and moves to reduce the use of the coal, one of the world's most plentiful fossil fuels.
Investors need to pay close attention to Alliance Resource (ARLP) stock based on the movements in the options market lately.
B.Riley FBR analyst Lucas Pipes reiterated a Hold rating on Alliance Resource (NASDAQ:ARLP) Partners L.P. on Monday, setting a price target of $7, which is approximately 108.33% above the present share price of $3.36.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced a series of actions in response to the rapidly evolving impact of the COVID-19 pandemic. The unprecedented decision by world leaders to lockdown the global economy to combat the deadly virus has crushed demand for energy. The price war initiated by Saudi Arabia and Russia has lowered oil prices even more. All Americans are having to adjust to a way of life none of us could have imagined two months ago.
Q1 2020 Alliance Resource Partners LP Earnings Call
Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the January 27, 2020, distribution cut announcement by Alliance Resource Partners, L.P. (NASDAQ: ARLP), after the market closes on February 6, 2020, (the distribution ex-date) and effective on February 7, 2020, Teekay LNG Partners L.P. (NYSE: TGP) will replace ARLP as a constituent of the Index at ARLP's then-current weight.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) previously announced several actions it was taking in response to the rapidly evolving impact of the COVID-19 pandemic, including temporarily ceasing coal production at all of its Illinois Basin mines (see March 30, 2020 Press Release). At that time, the temporary idling was scheduled to last through April 15, 2020, subject to change based on the business needs of our customers. Based on available data and customer feedback as of today, ARLP has determined that anticipated coal supply requirements can be met currently from remaining inventory at its Illinois Basin mines, and has temporarily extended the previously announced cessation of coal production at those operations through April 26, 2020.
Q4 2019 Alliance Resource Partners LP Earnings Call
Shares of Alliance Resource (NASDAQ:ARLP) rose 0.6% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 87.18% over the past year to $0.10, which missed the estimate of $0.13.Revenue of $350,763,000 less by 33.39% year over year, which missed the estimate of $403,930,000.Outlook Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: May 08, 2020View more earnings on ARLPWebcast URL: https://78449.choruscall.com/dataconf/productusers/arlp/mediaframe/37245/indexr.htmlPrice Action 52-week high: $19.0452-week low: $2.70Price action over last quarter: down 63.04%Company Description Alliance Resource Partners LP operates as a coal mining company based in the United States. It functions through threesegments; Illinois Basin, Appalachia, and and Minerals. The Illinois Basin activity comprises of underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia and it makes up for most of the company's revenue-generating operations. The Appalachia segment, on the other hand, consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Minerals segment includes oil & gas mineral interests held by AR Midland and AllDale I & II.See more from Benzinga * 10 Energy Stocks Gaining In Friday's Pre-Market Session * 14 Energy Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported a net loss attributable to ARLP of $144.8 million, or $(1.14) per basic and diluted limited partner unit for the quarter ended March 31, 2020 (the "2020 Quarter"), which included non-cash impairment charges of $157.0 million. This compares to net income attributable to ARLP of $276.4 million, or $2.12 per basic and diluted limited partner unit for the quarter ended March 31, 2019 (the "2019 Quarter"), which included a non-cash net gain of $170.0 million related to the AllDale Acquisition. Excluding the impact of non-cash items (each described in more detail below), for the 2020 Quarter Adjusted net income attributable to ARLP and Adjusted EBITDA decreased to $12.2 million and $98.3 million, respectively, compared to $106.5 million and $188.8 million for the 2019 Quarter. (Unless otherwise noted, all references in this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA, Adjusted net income attributable to ARLP, Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the January 27, 2020, distribution cut announcement by Alliance Resource Partners, L.P. (NASDAQ: ARLP), after the market closes on February 6, 2020, (the distribution ex-date) and effective on February 7, 2020, BP Midstream Partners LP (NYSE: BPMP) will replace ARLP as a constituent of the Index at ARLP's then-current weight.