Alliance Resource Partners, L.P. (ARLP - Free Report) reported first-quarter 2019 operating earnings of $1.03 per unit, beating the Zacks Consensus Estimate of 69 cents by 49.3%.
Total revenues in the reported quarter were $526.6 million, almost in line with the Zacks Consensus Estimate of $527 million. However, the reported revenues reflect year-over-year growth of 15.2%.
The year-over-year improvement in the top line was on account of overall higher coal sales volume and increased coal sales price per ton. Further, increased revenues from transportation aided its top-line growth.
In the reported quarter, Alliance Resource sold 10.321 million tons of coal at an average sales price of $46.12 per ton.
Total operating expenses in the quarter under review were $421.9 million, increasing 42.1% year over year.
However, interest expenses were $11.4 million, declining 4.6% year over year.
Alliance Resource Partners, L.P. Price, Consensus and EPS Surprise
Cash and cash equivalents as of Mar 31, 2019 were $30.2 million compared with $244.1 million at the end of 2018.
Long-term debt as of the same date was $414.8 million compared with $564 million at 2018-end.
Cash used in operating activities during first-quarter 2019 was $115.9 million compared with $62.2 million in the year-ago period.
Alliance Resource expects total 2019 production in the range of 43.5-45 million short tons. Net income in 2019 is expected in the range of $525.5-$5665.5 million and EBITDA is projected within $720-$760 million.
The company expects 2019 capital expenditure in the range of $360-$400 million.
Alliance Resource currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Warrior Met Coal Inc. (HCC - Free Report) is slated to report first-quarter earnings on May 1. The Zacks Consensus Estimate for earnings for the to-be-reported quarter is currently pegged at $1.75 per share.
Peabody Energy Corporation (BTU - Free Report) is expected to report first-quarter earnings on May 1. The Zacks Consensus Estimate for earnings is currently pegged at 50 cents per share.
CONSOL Coal Resources LP (CCR - Free Report) is expected to report first-quarter earnings on May 8. The Zacks Consensus Estimate for the partnership’s earnings is currently pegged at 45 cents per unit.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>