Alliance Resource Partners, L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 27, 2020 at 12:00 pm
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Alliance Resource Partners, L.P. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 255.202 million compared to USD 517.054 million a year ago. Operating loss was USD 35.100 million compared to operating Income of USD 68.406 million a year ago. Net loss was USD 46.664 million compared to net income of USD 58.070 million a year ago. Basic loss per share was USD 0.37 compared to basic earnings per share of USD 0.44 a year ago. For the half year, total revenue was USD 605.965 million compared to USD 1,043.656 million a year ago. Operating loss was USD 167.780 million compared to operating Income of USD 173.091 million a year ago. Net loss was USD 191.447 million compared to net income of USD 334.498 million a year ago. Basic loss per share was USD 1.51 compared to basic earnings per share of USD 2.57 a year ago.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.