The following is a summary of the Alliance Resource Partners, L.P. Common Units (ARLP) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Alliance Resource Partners reported revenue of $651.7 million in Q1 2024, down 1.7% YoY but up 4.2% sequentially.

• Coal sales volume increased 2.4% to 8.7 million tons, while production fell 1.4%.

• Lower average coal sales price per ton and higher EBITDA expense made a negative financial impact.

• Net income stood at $158.1 million or $1.21 per unit, down from $191.2 million or $1.45 per unit YoY.

• EBITDA for the quarter was $235 million, a decrease from $270.9 million YoY.

• Generated cash flows from operating activities of $209.7 million.

Business Progress:

• $123.8 million was invested in capital expenditures as part of the 2024 capital program.

• Infrastructure projects at Tunnel Ridge, Hamilton, Warrior, and River View complex are set to be completed within the year.

• Exploring growth potential in oil and gas royalties and potential platforms for future lines of business.

• Reported coal sales of 32.6 million tons for 2024, nearly hitting mid-point of their guidance.

• Bitcoin mining contributed profitably, mined 69 in Q1, retained 51, with a Bitcoin inventory valued at $30 million at quarter end.

• Longwall moves expected in Q2 and second half of the year.

• Expanded into Bitcoin mining with an expectation to mine between 175-190 Bitcoins within the year.

• Looking into potential technology investments, specifically in the field of data centers.

More details: Alliance Resource IR

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