Alliance Resource Partners reports Q4 EPS 12c, consensus 67c

Reports Q4 revenue $590.09M, consensus $635.6M. The decrease in EPS was a result of lower revenues, higher per ton operating expenses, which include $13.1M of non-cash accruals for certain long-term liabilities, and $31.1M of non-cash impairment charges in the 2024 quarter due to market uncertainty at our MC Mining operation, partially offset by a $14M increase in the fair value of our digital assets. “Due to the continued strength of our coal contracts, our average coal sales price per ton for the 2024 Full Year of $63.38 came close to the record level achieved in the 2023 Full Year of $64.17. However, lower sales volumes, higher operating costs and several non-cash accruals caused 2024 Full Year financial results to fall short of last year’s record revenues and net income,” said Joseph Craft, chairman, president and CEO. “The cold winter weather at the start of this year has driven higher natural gas prices and increased coal consumption in the eastern United States, helping reduce inventories. We are seeing customer solicitations for both near-term and long-term supply contracts, and if the colder weather continues to be above normal, we are hopeful we can reach our goal to ship 30 million tons to the domestic market in 2025.”