Alliance Resource Partners, L.P. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 08, 2020 at 08:00 am EDT
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Alliance Resource Partners, L.P. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 350.763 million compared to USD 526.602 million a year ago. Operating loss was USD 132.680 million compared to operating Income of USD 104.685 million a year ago. Net loss was USD 144.783 million compared to net income of USD 276.428 million a year ago. Basic loss per share was USD 1.14 compared to basic earnings per share of USD 2.12 a year ago.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
ALLIANCE RESOURCE PARTNERS, L.P. 
