Alliance Resource Partners reports Q1 EPS $1.21, consensus 93c

Reports Q1 revenue $651.7M, consensus $620.06M. Increased coal sales volumes to 8.7 million tons, up 2.4% year-over-year. Record oil & gas royalty volumes of 898 MBOE, up 18.3% year-over-year and 11.0% sequentially. “We had a solid start to the year operationally, with all our mines running as expected and strong volumes coming from our Oil & Gas Royalties segment,” commented CEO Joseph Craft III. “Our contracted coal position also contributed to our performance for the 2024 Quarter mitigating the impact of mild winter weather and low natural gas prices. On the strength of our heavily contracted coal order book and continued growth in our Oil & Gas Royalties business, we are pleased to reiterate full-year guidance.”