Alliance Resource Partners' Q2 Earnings Fall Short, Revenue Drops Amid Transportation Delays, Stock Falls
Alliance Resource Partners' Q2 Earnings Fall Short, Revenue Drops Amid Transportation Delays, Stock Falls
Segment adjusted EBITDA stood at $202 million, down 25% Y/Y, in the quarter, and margin fell 793 bps to 34%.Alliance Resource Partners LP (NASDAQ:ARLP) shares are trading lower after the company reported second-quarter results below the consensus.
聯合資源合夥LP（NASDAQ：ARLP）股票價格下跌，因該公司報告的第二季度業績低於共識。
Revenue declined 7.6% year-over-year to $593.35 million, missing the consensus of $632.338 million.
營業收入同比下降7.6％，爲59335萬美元，低於共識的63233.8萬美元。
Total revenues fell due to an 11.8% drop in coal sales volumes from transportation delays, partially offset by a 3.8% increase in coal sales prices.
由於運輸延遲導致煤炭銷售量下降了11.8％，總收入下降，部分抵消了煤炭銷售價格增長3.8％。
Segment adjusted EBITDA stood at $202 million, down 25% Y/Y, in the quarter, and margin fell 793 bps to 34%.
當季段調整後的EBITDA爲20200萬美元，同比下降25％，利潤率下降793個點子至34％。
Earnings per unit of $0.77 fell short of the consensus of $0.95.
每股收益爲0.77美元，低於共識的0.95美元。
As of June 30, 2024, the company had a total liquidity of $666 million, including $203.7 million of cash and cash equivalents.
截至2024年6月30日，公司總流動資產爲66600萬美元，包括20370萬美元的現金及現金等價物。
Coal sales prices rose 3.8% year-over-year to $65.30 per ton, while oil & gas royalty volumes increased 6.8% to 817 MBOE.
煤炭銷售價格同比增長3.8％，至65.30美元/噸，而油氣產權體積增加6.8％，至817 MBOE。
"Coal sales volumes during the 2024 Quarter were impacted by flooding on the Ohio River, delaying barge deliveries. Rail and port logistics were disrupted by the Baltimore bridge incident, which as time progressed impacted shipments from our Appalachia rail operations. These delays, combined with lower export sales, lifted our inventories higher by 0.8 million tons compared to the Sequential Quarter," commented Joseph W. Craft III, Chairman, President, and Chief Executive Officer.
“由於俄亥俄河上的洪水延遲了駁船的送貨，導致2024年第二季度的煤炭銷售量受到影響。由於時間的推移，鐵路和港口物流受到了巴爾的摩橋樑事件的影響，這影響了我們阿巴拉契亞鐵路作業的貨物運輸。與低出口銷售相結合，我們的庫存比順序季度增加了80萬噸，” Joseph W. Craft III，董事長，總裁兼首席執行官這樣說。
Additionally, our Oil & Gas Royalties segment reported a 6.8% increase in BOE volumes year-over-year during the 2024 Quarter as our Permian-weighted minerals portfolio continues to realize production growth from recently drilled and completed wells."
此外，我們的石油和天然氣特許權業務務段報告了BOE體積同比增長6.8％，這是由於我們的波斯菲爾德礦物質組合繼續實現最近鑽探和完鑽井的生產增長。”
FY24 Guidance, updated: The company now expects sales volumes in coal operations of 33.50M-34.50M short tons (prior 34.0M-35.8M short tons)
全年2024指引，更新：公司現預計煤炭營運銷售量爲3350萬至3450萬短噸（之前爲3400萬至3580萬短噸）
Distributions: On July 26, 2024, ARLP's Board approved 2024 Q2 cash distribution of $0.70 per unit, payable on August 14, to unitholders of record on August 7, 2024.
派息日期：2024年7月26日，ARLP董事會批准派發2024年第二季度0.70美元每單位的現金分配，於8月14日付給2024年8月7日的單位持有人。
Mr. Craft concluded, "The increase in coal-fired generation and inventory drawdown is constructive for the U.S. thermal coal market and for ARLP as we look forward to next year and beyond. We remain confident in the core fundamentals expected to drive rapid growth in electricity demand for many years to come, including the increasing power requirements stemming from AI, data centers, and the onshoring of U.S. manufacturing."
克拉夫特先生總結道:"煤電發電量的增加和庫存減少有利於美國動力煤市場和ARLP，因爲我們展望未來的明年和未來。我們對未來多年中預計推動電力需求快速增長的基本面保持信心，包括人工智能，數據中心和美國製造本土化所產生的不斷增長的動力需求。"
Price Action: ARLP shares are trading lower by 4.85% at $24.54 at the last check on Monday.
價格因應美國東部時間星期一最後交易時段下跌4.85％至24.54美元。
Photo by Andrey Andreyev on Unsplash.
由Andrey Andreyev在Unsplash拍攝的照片。
譯文內容由第三人軟體翻譯。