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How Did Alliance Resource Partners’ 4Q16 Earnings Stack Up?

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How Did Alliance Resource Partners’ 4Q16 Earnings Stack Up? PART 1 OF 6

Did Alliance Resource Partners Beat 4Q16 Estimates?

Earnings announcement

Alliance Resource Partners (ARLP) announced its 4Q16 and 2016 earnings results before market hours on January 30, 2017. 

In this series, we’ll analyze the company’s 4Q16 results, compare its results with analysts’ expectations, and analyze the factors that caused the deviation, if any. We’ll also take a look at management’s guidance, analysts’ expectations, and the outlook for the company in 2017.

Did Alliance Resource Partners Beat 4Q16 Estimates?

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Alliance Resource Partners’ stock reaction

Alliance Resource Partners posted strong operating performance for 4Q16. The company’s adjusted EPS (earnings per share) came in at $1.30 against analysts’ consensus EPS estimate of $0.82.

ARLP’s stock price rose marginally by 0.4% during the intraday trading session on January 30, 2017. Though Alliance Resource Partners reported strong operational performance for 4Q16, the company expects lower 2017 revenue compared to 2016. However, ARLP maintains a positive outlook on supply-demand fundamentals in the domestic thermal market for 2017.

Peer performance

On the day of ARLP’s earnings release, its peers Cloud Peak Energy (CLD) and Peabody Energy (BTUUQ) rose nearly 1.2% and 18.6%, respectively. Westmoreland Coal Company (WLB) stock fell nearly 1% during the intraday trading session.

The broader coal market, tracked by the VanEck Vectors Coal ETF (KOL), closed at a fall of ~1.1%, and the SPDR S&P 500 ETF (SPY) closed at a fall of nearly 0.6% during the same period.

Next, we’ll look at Alliance Resource Partners’ coal shipments in 4Q16.

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