Business
CORRECTING and REPLACING Alliance Resource Partners, L.P. Reports Second Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Updates 2024 Guidance
2024 Quarter Highlights Second quarter 2024 total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million Coal sales price
About this update from Alliance Resource Partners, L.p.
[{"type":"text","content":"\n2024 Quarter Highlights\n\n\n\nSecond quarter 2024 total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million\n\n\n\nCoal sales price realizations of $65.30 per ton sold, up 3.8% year-over-year\n\n\n\nIncreased oil & gas royalty volumes to 817 MBOE, up 6.8% year-over-year\n\n\n\nIn June 2024, issued $400 million in 8.625% Senior Notes due 2029 and redeemed outstanding balance of Senior Notes due 2025\n\n\n\nExtended revolving credit facility maturity to March 2028\n\n\n\nEnhanced liquidity position to $666.0 million, which included $203.7 million in cash and $462.3 million of borrowings available under credit facilities\n\n\n\nIn July 2024, declared quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized\n\n\n\n TULSA, Okla.--(BUSINESS WIRE)--\nIn the Condensed Consolidated Statements of Income and Operating Data table the figure for INCOME FROM OPERATIONS for the Three Months Ended June 2023 should read: 183,929 (instead of 10183,929).\n\n\nThe updated release reads:\n\n\nALLIANCE RESOURCE PARTNERS, L.P. REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS; DECLARES QUARTERLY CASH DISTRIBUTION OF $0.70 PER UNIT AND UPDATES 2024 GUIDANCE\n\n\n2024 Quarter Highlights\n\n\n\nSecond quarter 2024 total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million\n\n\n\nCoal sales price realizations of $65.30 per ton sold, up 3.8% year-over-year\n\n\n\nIncreased oil & gas royalty volumes to 817 MBOE, up 6.8% year-over-year\n\n\n\nIn June 2024, issued $400 million in 8.625% Senior Notes due 2029 and redeemed outstanding balance of Senior Notes due 2025\n\n\n\nExtended revolving credit facility maturity to March 2028\n\n\n\nEnhanced liquidity position to $666.0 million, which included $203.7 million in cash and $462.3 million of borrowings available under credit facilities\n\n\n\nIn July 2024, declared quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized\n\n\n\nAlliance Resource Partners, L.P. (NASDAQ: ARLP) (\"ARLP\" or the \"Partnership\") today reported financial and operating results for the three and six months ended June 30, 2024 (the \"2024 Quarter\" and \"2024 Period,\" respectively). This release includes comparisons of results to the three and six months ended June 30, 2023 (the \"2023 Quarter\" and \"2023 Period,\" respec...