Alliance Resource Partners, L.P. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Consolidated Earnings and Production Guidance for the Fiscal Year 2019
January 28, 2019 at 12:00 pm
Share
Alliance Resource Partners, L.P. reported unaudited consolidated earnings and production results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total revenues of $531,840,000 against $483,231,000 a year ago. Income from operations was $49,276,000 against $78,387,000 a year ago. Net income was $51,068,000 against $74,373,000 a year ago. Basic and diluted earnings per share was $0.38 compared to $0.55 a year ago.
For the year, the company reported total revenues of $2,002,857,000 against $1,796,220,000 a year ago. Income from operations was $372,287,000 against $331,924,000 a year ago. Net income was $367,470,000 against $304,201,000 a year ago. Basic and diluted earnings per share was $2.74 compared to $2.80 a year ago.
For the quarter, the company reported total production of 10,196,000 tonnes against 9,398,000 tonnes a year ago.
For the year, the company reported total production of 40,266,000 tonnes against 37,609,000 tonnes a year ago.
The company provided consolidated earnings and production guidance for the fiscal year 2019. For the year, the company estimating 2019 revenues, excluding transportation revenues, in a range of $2.04 billion to $2.14 billion, net income attributable to ARLP in a range of $505.5 million to $545.5 million.
For the year 2019, the company's coal production is currently estimated in a range of 43.5 million to 45 million tons and sales volumes are expected in a range of 43.5 million to 45 million tons.
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.
Alliance Resource Partners, L.P. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Consolidated Earnings and Production Guidance for the Fiscal Year 2019