Boston, MA 04/29/2014 (wallstreetpr) – Alliance Resources Partners, L.P. (NASDAQ:ARLP), is one of the leading coal producers of the world. Company announced its Q1 financial results on last Monday. Company said that the interest on net income in the current quarter climbed up to $82 million from last year’s $73 million.
Reuters analysts expected net income per share of $1.73, but company could only deliver $1.10 income per share. This downfall took place because of lack of coal’s demand globally.
When revenues of last year are compared with this year, then one can surely see a slight downturn as Alliance Resources Partners, L.P. (NASDAQ:ARLP) earned a revenue of $548.1 million in previous year, while this year’s revenue is $542 million. Even after this downturn, company’s overall profit increased in this time duration. Last year’s EBITDA was $720 million, while current year’s earnings before interest Tax Depreciation and Amortization cost is $780 million. Overall increment of $60 million was recorded over a period of one year. When it comes to net income, the last year’s figures will be recorded as $400 million while current year’s net income is $460 million.
When it comes to the total production, company reported total coal production and sales volume between 40.25 to 41 million tons. The total capital expenditures which are expected in the current year will sum up between the range of $320 million-$350 million.
Alliance Resources Partners, L.P. (NASDAQ:ARLP), which is known for its coal quality and distribution techniques in all over the world, these numbers can be a real boost. There are so many new entrains entering into the market and increasing the competition. In such fair market situations, Alliance Resource Partners will have to take all the moves quite strategically as there is no scope of mistake. Current year’s first quarter has been fantastic for the company, and next quarter has just started, so there is enough time left in front of the company to decide its strategies for Q2.
