Alliance Resource Partners LP Reports 30% Decline In Q3 Earnings

(RTTNews) - Alliance Resource Partners LP (ARLP) reported earnings for third quarter that retreated from last year.

The company said its profit totaled $83.4 million, or $0.61 per share. This was down from $120.0 million, or $1.13 per share, in last year's third quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.5% to $566.45 million. This was down from $569.33 million last year.

Alliance Resource Partners LP earnings at a glance:

-Earnings (Q3): $83.4 Mln. vs. $120.0 Mln. last year. -Earnings Decline (Y-o-Y): -30.5% -EPS (Q3): $0.61 vs. $1.13 last year. -EPS Decline (Y-o-Y): -46.0% -Analysts Estimate: $0.88 -Revenue (Q3): $566.45 Mln vs. $569.33 Mln last year. -Revenue Change (Y-o-Y): -0.5%

-Guidance: Full year EPS guidance: $2.27 - $2.30 Bln