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January 29, 2013
07:26 EDTARLPAlliance Resource sees 2013 revenue $2.1B-$2.2B, consensus $2.27B
Coal volumes are currently expected to increase in 2013 to a range of 38.1M-39.1M tons produced and sold. ARLP has approximately 38.5M tons contractually committed and priced for 2013 and has also secured coal sales commitments for approximately 30.7M tons, 23.4M tons and 18.7M tons in 2014, 2015 and 2016, respectively, of which approximately 2.9M tons in both 2014 and 2015 and 3.3M tons in 2016 remain open to market pricing. Driven primarily by anticipated increases in coal sales volumes, ARLP is currently expecting 2013 revenues to increase by 6.0%-9.0% to a range of $2.1B-$2.2B, excluding transportation revenues. ARLP's guidance does not currently assume any coal sales into the metallurgical export markets in 2013 and, as a result, total average coal sales price realizations are expected to be approximately 1.0%-3.5% per ton lower than last year.
News For ARLP From The Last 14 Days
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January 28, 2015
07:15 EDTARLPAlliance Resource Partners coal reserves increase to about 1.6B tons
ARLP announced that, through a series of transactions agreed to during the 2014 quarter, its total coal reserve position will increase approximately 50.0% to 1.6B tons. The mining rights acquired and under contract to be acquired, the majority of which will be leased by ARLP from related and other third parties, are in the Kentucky Nos. 6, 7, 9, 11 and 13 coal seams and total approximately 452.2M tons. As a result of the transactions, ARLP will be able to reclassify approximately 85.0M tons of currently controlled non-reserve coal deposits as reserves, resulting in a total increase to its Illinois Basin coal reserves of approximately 537.2M tons. The reserves are located in Webster, Union, and Henderson Counties, Kentucky and provide ARLP with strategic advantages and opportunities in the region. The Webster County reserves significantly extend the life of ARLP’s Dotiki No. 13 seam mine. The remaining coal reserves are near our River View mine, providing ARLP the option to almost double River View’s current production and adding three new potential development projects to ARLP’s organic growth portfolio. ARLP paid $11.5M in cash and assumed approximately $6.0M of related reclamation liabilities for the reserves and related surface properties acquired in the 2014 Quarter. The coal supply agreements acquired from Patriot give ARLP the right to deliver approximately 5.1 to 5.6 million tons of coal from 2015 through 2017. The mining equipment and underground infrastructure to be acquired from Patriot is expected to be used by ARLP’s other operations in the region. Assuming consummation of the transactions, total consideration payable to Patriot by ARLP will be approximately $40M-$50M, which includes $21M paid in 2014.
07:13 EDTARLPAlliance Resource Partners sees FY15 revenue $2.39B-$2.48B, consensus $2.42B
During 2015, coal production is currently estimated in a range of 40.4 to 42.5 million tons and sales volumes are expected to increase to a range of 41.4 to 43.5 million tons. ARLP has secured price commitments for approximately 39.3 million tons in 2015 and has also secured coal sales and price commitments for approximately 28.9 million tons, 12.8 million tons and 9.6 million tons in 2016, 2017 and 2018, respectively. Total 2015 capital expenditures for ARLP’s operating activities are currently estimated in a range of $300M-$330M, including maintenance capital expenditures.
07:12 EDTARLPAlliance Resource Partners increases distribution 2% to 65c per unit
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07:07 EDTARLPAlliance Resource Partners reports Q4 EPS $1.18, consensus $1.18
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January 21, 2015
10:26 EDTARLPHigh option volume stocks
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