Alliance Resource Partners LP (NASDAQ:ARLP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.25%.
Alliance Resource Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.62% to $1.95 in the quarter versus EPS of $1.54 in the year-earlier quarter.
Revenue: Rose 23.55% to $548.06 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alliance Resource Partners LP reported adjusted EPS income of $1.95 per share. By that measure, the company beat the mean analyst estimate of $1.39. It beat the average revenue estimate of $529.47 million.
Quoting Management: “ARLP came out of the gate strong in 2013, posting solid increases to coal sales volumes, revenues and net income and setting new quarterly records for coal production and EBITDA,” said Joseph W. Craft III, President and Chief Executive Officer. “Our first quarter results have us on track for a thirteenth consecutive year of record operating and financial performance. As a result, we have provided ARLP’s unitholders with an attractive distribution increase for the twentieth consecutive quarter.”
Key Stats (on next page)…