WASHINGTON (dpa-AFX) - Alliance Resource Partners, L.P. (ARLP) Monday said its first-quarter limited partners' interest in net income rose to $82 million or $2.20 per share from $73 million or $1.95 per share in the same period last year.
On a proforma basis, net income per limited partner unit was $1.10 per share.On average, 9 analysts polled by Thomson Reuters expected earnings per share of $1.73 for the quarter. Analysts' estimates typically exclude one-time items.
The company posted revenues of $542.0 million which decreased slightly compared with $548.1 million in the quarter of 2013. Analysts estimated revenues of $552.34 million for the quarter.
In addition, the company said it is raising its full-year 2014 guidance, now expecting revenues, excluding transportation revenues, between $2.25 billion and $2.34 billion, earnings before interest tax depreciation and amortization between $720.0 and $780.0 million, and net income in the range of $400.0 million - $460.0 million.
ARLP is now anticipating annual coal production and sales volumes in a range of 40.25 - 41.00 million tons and also continues to anticipate total capital expenditures in a range of $320.0 million to $350.0 million for the full-year 2014.
Copyright RTT News/dpa-AFX