Alliance Resource Partners, L.P.'s Financial Results Slip on Lower Coal Prices
As expected, coal-producing MLP Alliance Resource Partners' (NASDAQ: ARLP) revenue and cash flow declined in the second quarter due to lower realized prices, as some of the company's legacy contracts rolled off into new lower price agreements. However, overshadowing those solid results was the announcement of two strategic moves aimed at creating long-term value for investors.
Leading the way was a transaction with the MLP's general partner Alliance Holdings GP (NASDAQ: AHGP), which eliminated the company's incentive distribution rights (IDRs) in exchange for additional common units. The transaction enabled both companies to increase distributions to investors.
Metric
Source: Fool.com
Alliance Resource Partners Stock
€3.96
27.150%
Alliance Resource Partners is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
Based on the current price of 3.96 € the target price of 25 € shows a potential of 531.31% for Alliance Resource Partners which would more than double the current price.
