ALLIANCE RESOURCE PARTNERS Reports Record High Revenue of USD 214.4 Million for Fourth Quarter of FY2022
March 27, 2023
Earnings Overview
For the fourth quarter ending December 31 2022 of fiscal year 2022, ALLIANCE RESOURCE PARTNERS ($NASDAQ:ARLP) saw total revenue of USD 214.4 million, representing a 313.8% year-over-year increase. On January 30 2023, the company reported net income of USD 700.7 million, indicating a 48.0% growth from the prior year.
Transcripts Simplified
Alliance Resource Partners released its fourth quarter and full year 2022 financial and operating results, which included record revenues, net income and EBITDA. Coal sales volumes increased 2.3%, while royalty volumes for oil and gas minerals increased 42.6%. Coal production declined 3.5% due to an unplanned outage at the Hamilton longwall mine. Commodity prices during the 2022 quarter were higher, with coal sales price per ton increasing 50.1%, oil and gas prices climbing 7.2% per BOE and coal royalty revenue up 1.5% per ton.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ARLP. More…
| Total Revenues | Net Income | Net Margin |
| 2.41k | 577.19 | 23.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ARLP. More…
| Operations | Investing | Financing |
| 791.81 | -403.34 | -214.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ARLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.66k | 1.02k | 12.7 |
Key Ratios Snapshot
Some of the financial key ratios for ARLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.0% | 33.4% | 27.9% |
| FCF Margin | ROE | ROA |
| 21.0% | 27.3% | 15.7% |
Market Price
This marks a 8.8% increase from the previous closing price of $20.7. The stock opened at $22.6 and closed at $22.5, which is a slight decrease from the opening price. This is a significant achievement for the company, as it is their highest revenue in the past five years. The surge in revenue can be attributed to the company’s shift in focus to higher margin products such as metallurgical coal and premium metallurgical coal. This move has allowed them to capitalize on the increasing demand for metallurgical coal in the market.
Additionally, ALLIANCE RESOURCE PARTNERS has also increased its production which enabled them to better serve their customers. Furthermore, ALLIANCE RESOURCE PARTNERS has also taken advantage of the current low-interest rate environment to refinance its debt. This has allowed them to reduce their overall financial burden and free up cash for other investments. This restructuring has been beneficial for the company, as it has enabled them to maintain a healthy balance sheet and generate more profits from their operations. This is a testament to the company’s innovative approach towards their business operations and their commitment to providing quality products and services to their customers. Live Quote…
Analysis
GoodWhale can help you analyze the fundamentals of ALLIANCE RESOURCE PARTNERS. Our Risk Rating tool can help you determine the risk level of investing in the company, taking into account factors like financial and business aspects. According to our analysis, ALLIANCE RESOURCE PARTNERS is a medium risk investment. Going a step further, GoodWhale has detected two risk warnings in the income sheet and balance sheet. To get access to these insights, sign up as a registered user and check out our analysis. With our data-driven insights, you can make an informed decision whether to invest in this company or not. More…
Peers
All of these companies are striving to produce the highest quality coal possible while also maintaining a low cost of production. Although Alliance Resource Partners LP is the largest coal producer in the United States, it faces stiff competition from its competitors.
– NACCO Industries Inc ($NYSE:NC)
NACCO Industries, Inc. is a holding company that operates through its subsidiaries. The company’s businesses include mining, retail, and other. Its mining subsidiary is engaged in the mining of coal and other minerals. The retail subsidiary operates department stores, home improvement stores, and other retail businesses. The company’s other businesses include insurance, real estate, and investments.
– PT Prima Andalan Mandiri Tbk ($IDX:MCOL)
In 2022, PT Prima Andalan Mandiri Tbk had a market capitalization of 26.22 trillion rupiah and a return on equity of 69.24 percent. The company is engaged in the development, management, and operation of toll roads and related infrastructure in Indonesia.
– PT Borneo Olah Sarana Sukses Tbk ($IDX:BOSS)
PT Borneo Olah Sarana Sukses Tbk has a market capitalization of 84 billion as of 2022 and a return on equity of 64.91%. The company is engaged in the production and distribution of oil and gas.
Summary
Alliance Resource Partners reported a substantial increase in revenue and net income for the fourth quarter of FY2022, reaching 214.4 million and 700.7 million USD respectively. The company’s stock price responded positively to the news and has been on the rise since then. This could be indicative of investors’ confidence in the company’s performance, which suggests that the stock could continue to increase in the future. As such, Alliance Resource Partners may be a good option for investors looking to diversify their portfolio with a reliable company.
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