Reported 1 day ago
Alliance Resource Partners (ARLP) reported mixed second-quarter results with a notable decline in net income from $100.2 million to $59.4 million, primarily due to lower average coal sales prices. However, the company's free cash flow remained solid at $79 million, and it maintains a strong balance sheet with total liquidity of $499.2 million. The recent reduction in quarterly cash distributions to $0.60 per unit is seen as a strategic move to enhance financial flexibility for future investments, supported by favorable trends in U.S. policy which may lead to a revival in coal demand and a bullish long-term outlook for ARLP.
Source: YAHOO