Revenue Update on Alliance Resource Partners L.P.(NASDAQ:ARLP)

Alliance Resource Partners L.P.(NASDAQ:ARLP) 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 $439.51M. Analysts estimated a revenue of $444.13M. Earnings per share were $0.82. Analysts had estimated an EPS of $0.52.

Alliance Resource Partners L.P. (ARLP) made into the market gainers list on Fridays trading session with the shares advancing 0.63% or 0.12 points. Due to strong positive momentum, the stock ended at $19.25, which is also near the day’s high of $19.35. The stock began the session at $19.04 and the volume stood at 3,51,228 shares. The 52-week high of the shares is $26.18 and the 52 week low is $9.95. The company has a current market capitalization of $1,432 M and it has 7,43,75,025 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 24, 2016, Joseph W Iii Craft (director officer 10% owner (President and Chief E) sold 357,450 shares at $36.90 per share price.Also, On Feb 11, 2016, John P Neafsey (director) purchased 5,000 shares at $12.15 per share price.On Aug 6, 2015, Robert J Fouch (Vice President and Controller) purchased 11,000 shares at $23.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Alliance Resource Partners L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through four segments: the Illinois Basin Appalachia White Oak Resources LLC (White Oak) and Other and Corporate. The Company’s Illinois Basin mining operations are located in western Kentucky southern Illinois and southern Indiana. The Company’s Appalachian mining operations are located in eastern Kentucky Maryland and West Virginia. It owns and operates the coal handling and processing facilities and provides mine products and services. The Company also develops and markets additional services including ash and scrubber sludge removal coal yard maintenance and arranging alternate transportation services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Alliance Resource Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Alliance Resource Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.