The Benchmark Company resumed coverage on Alliance Resource with a new price target
$ARLP
Coal Mining
Energy
The Benchmark Company resumed coverage of Alliance Resource with a rating of Buy and set a new price target of $7.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2022 | $22.00 | Outperform | Noble Capital Markets |
Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP") today announced that Ronna R. McDaniel has been appointed to the Board of Directors of Alliance Resource Management GP, LLC (the "MGP"), the general partner of ARLP, effective December 11, 2024. Ms. McDaniel will also serve as a member of the Audit, Compensation and Conflicts Committees of the Board of Directors. The Board of Directors will be comprised of seven directors through the balance of 2024 and will be comprised of six directors starting January 1, 2025 on account of the previously announced retirement on December 31, 2024 of long-time director John Robinson. "I am excited to announce the addition of Ronna to the ARLP team,"
Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP" or the "Partnership") today announced that the Partnership will attend the following investor conferences: Bank of America 2024 Leveraged Finance Conference, December 3, 2024; and Noble Capital Markets 20th Annual Emerging Growth Equity Conference, December 4, 2024. The Partnership will post an investor presentation ahead of the events in the "Investors" section of ARLP's website at www.arlp.com under "Events & Presentations." About Alliance Resource Partners, L.P. ARLP is a diversified energy company that is currently the largest coal producer in the eastern United States, supplying reliable, affordable energy domestically
Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP" or the "Partnership") announced today that its subsidiary, Excel Mining, LLC ("Excel"), issued Worker Adjustment and Retraining Notification ("WARN") Act notices to all of its approximately 280 employees of the MC Mining Complex in Pike County, Kentucky. "The decision to issue WARN notices at the MC Mining Complex was not made lightly," said Joseph W. Craft, III, Chairman, President and Chief Executive Officer. "Despite our continued efforts to navigate challenging geology and market conditions, persistent weakness in coal demand, compounded by some delays in timely payment for committed coal sales, has necessitated this difficult but
SC 13D/A - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Subject)
2024 Quarter Highlights Third quarter 2024 total revenue of $613.6 million, net income of $86.3 million, and EBITDA of $170.7 million Increased oil & gas royalty volumes to 864 MBOE, up 11.9% year-over-year Completed $10.5 million in oil & gas mineral interest acquisitions Declares quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized Increased committed & priced sales tons for the 2025 full year by 5.9 million tons to 22.5 million tons Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the three and nine months ended September 30, 2024 (the "2024 Quarter" and "2024 Period," respec
Alliance Resource Partners, L.P. (NASDAQ:ARLP) will report its third quarter 2024 financial results before the market opens on Monday, October 28, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day. To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP's website at www.arlp.com. An audio replay of the conference call will be available for
2024 Quarter Highlights Second quarter 2024 total revenue of $593.4 million, net income of $100.2 million, and EBITDA of $177.7 million Coal sales price realizations of $65.30 per ton sold, up 3.8% year-over-year Increased oil & gas royalty volumes to 817 MBOE, up 6.8% year-over-year In June 2024, issued $400 million in 8.625% Senior Notes due 2029 and redeemed outstanding balance of Senior Notes due 2025 Extended revolving credit facility maturity to March 2028 Enhanced liquidity position to $666.0 million, which included $203.7 million in cash and $462.3 million of borrowings available under credit facilities In July 2024, declared quarterly cash distribution of $0.70
4 - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Issuer)
4 - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Issuer)
4 - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Issuer)
Noble Capital Markets initiated coverage of Alliance Resource with a rating of Outperform and set a new price target of $22.00
The Benchmark Company resumed coverage of Alliance Resource with a rating of Buy and set a new price target of $7.00
8-K - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Filer)
8-K - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Filer)
8-K - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Filer)
This new innovative motor system will create lighter-weight, high performance mining equipment and help electrify heavy industry. Infinitum, creator of the sustainable air-core motor, and Matrix Design Group, LLC ("Matrix"), a wholly owned subsidiary of Alliance Resource Partners, L.P. ("ARLP") and leading safety and productivity technology provider for mining and industrial applications, today announced an agreement to jointly develop and distribute high-efficiency, reliable motors and advanced motor controllers designed specifically for the mining industry. Under the agreement, Matrix will integrate Infinitum's smaller, lighter motor technology into mining equipment of ARLP's operatin