Alliance Resource Partners, L.P. Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Key Financial Results (Q2 2022 vs. Q2 2021)
  • Total Revenue: $616.5M, up 70.1% YoY
  • Net Income: $161.5M, up 266.7% YoY
  • EBITDA: $243.8M, up 105.6% YoY
  • Free Cash Flow: $83.5M, up 5.1% YoY and 179.3% QoQ
  • Total Coal Sales Revenue: $531.8M, up 63.1% YoY
Segment Performance
  • Coal Operations:
    • Sales volumes ↑ 13.9% YoY
    • Production volumes ↑ 18.7% YoY
    • Price per ton ↑ 43.3% YoY
    • Segment adjusted EBITDA ↑ 95.4% YoY to $222.6M
  • Royalty Segments:
    • Oil & Gas: Volume ↑ 27.6%, Prices ↑ 64.7% per BOE, Segment EBITDA ↑ 97.4% YoY to $43.7M
    • Coal: Royalty revenue ↑ 11.3% per ton, volumes ↑ 11.9%
2022 Outlook Update
  • Increased planned coal production/sales by 1M tons in 2023 via mine expansion at Gibson South and Hamilton
  • Raised FY2022 oil & gas BOE expectations by 11.7% at midpoint
  • Increased coal sales price guidance midpoint due to new contracts (24.9M tons through 2025 added at higher-than-expected pricing)
  • Raised income tax expectation by $10M due to strong oil & gas performance

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Greetings. Welcome to Alliance Resource Partners Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded. I will now turn the program over to, Brian Cantrell, Senior Vice President and CFO. Thank you. You may begin. Brian Cantrell: Thank you, Sherry, and welcome, everyone. Earlier this morning, Alliance Resource Partners released its second quarter 2022 financial and operating results, and we’ll now discuss these results as well as our perspective on market conditions and outlook. Following our prepared remarks, we’ll open the call to your questions. Before we begin, a reminder that some of our remarks today may include forward-looking statements, subject to a variety of risks, uncertainties and assumptions that are contained in our filings from time-to-time with the Securities and Exchange Commission, and are also reflected in this morning’s press release. While these forward-looking statements are based on information currently available to us, if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, our actual results may vary materially from those we projected or expected. In providing these remarks, the partnership has no obligation to publicly update or revise any forward-looking statement, whether as a result of new informati

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional