Revenue Update on Alliance Holdings GP L.P.(NASDAQ:AHGP)

Alliance Holdings GP L.P.(NASDAQ:AHGP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $439.04M. Analysts estimated a revenue of $427.63M. Earnings per share were $0.76. Analysts had estimated an EPS of $0.66.

Alliance Holdings GP L.P. (AHGP) made into the market gainers list on Fridays trading session with the shares advancing 0.04% or 0.01 points. Due to strong positive momentum, the stock ended at $25.44, which is also near the day’s high of $25.98. The stock began the session at $25.44 and the volume stood at 48,286 shares. The 52-week high of the shares is $38.39 and the 52 week low is $12.05. The company has a current market capitalization of $1,523 M and it has 5,98,63,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Robert J Druten (director) sold 12,825 shares at $19.60 per share price.Also, On May 7, 2015, Cary P Marshall (Vice President and Treasurer) sold 4,000 shares at $51.51 per share price.

Alliance Holdings GP L.P. (AHGP) owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP LLC (MGP). MGP is a managing general partner of Alliance Resource Partners L.P. (ARLP). The ARLP Partnership is a diversified producer and marketer of coal primarily to United States utilities and industrial users. The Company operates in four segments: Illinois Basin Appalachia White Oak and Other and Corporate. The ARLP Partnership operates in the eastern U.S. as a producer and marketer of coal to major utilities and industrial users. The ARLP Partnership operates ten underground mining complexes in Illinois Indiana Kentucky Maryland and West Virginia. The ARLP Partnership also operates a coal loading terminal on the Ohio River at Mt. Vernon Indiana.

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