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Stock Market & Financial Investment News

News Breaks
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.
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August 14, 2014
08:21 EDTARLPWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link

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