Alliance Resource Partners, L.P. Q4 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

Alliance Resource Partners Q4 & Full-Year 2024 Earnings Summary

  • Revenue: Q4 2024 revenue was $590.1 million, down 5.6% YoY from $625.4 million in Q4 2023. Full-year 2024 revenue totaled $2.4 billion, down from record levels in 2023.
  • Net Income: Q4 2024 net income was $16.3 million, significantly down from $115.4 million in Q4 2023. Full-year net income was $360.9 million, down from prior year.
  • Adjusted EBITDA: $124 million for Q4 2024. Full-year adjusted EBITDA was $714.2 million.
  • Earnings Per Unit: $2.77 per unit in full-year 2024.
  • Free Cash Flow: $383.5 million generated in 2024 after $410.9 million of investment in coal operations.
  • Liquidity: $593.9 million in total liquidity at year-end, including $137 million in cash.
  • Coal Sales & Production:
    • 2024 coal sales volumes were 33.3 million tons, down 1.1 million tons from 2023.
    • Q4 2024 coal production was 6.9 million tons (–12.4% YoY); coal sales volumes were 8.4 million tons (–2.3% YoY).
    • Illinois Basin sales increased YoY and sequentially; Appalachia volumes were down 17.1% YoY.
  • Coal Pricing:
    • 2024 average sales price: $63.38/ton vs $64.17/ton in 2023.

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 LP Fourth Quarter 2024 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] As a reminder, this conference is being recorded. It is now my pleasure to introduce Cary Marshall, Senior Vice President and Chief Financial Officer. Thank you. You may begin. Cary Marshall: Thank you, operator, and welcome, everyone. Earlier this morning, Alliance Resource Partners released its fourth quarter and full-year 2024 financial and operating results and we will now discuss those results, as well as our perspective on current market conditions and outlook for 2024. Following our prepared remarks, we will open the call to answer your questions. Before beginning, a reminder that some of our remarks today may include forward-looking statements subject to a variety of risks, uncertainties and assumptions 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, 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-looki

Continue Reading

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

Upgrade to Professional