Alliance Resource Partners LP

Most Recent

  • uploads///CSX Carloads
    Macroeconomic Analysis

    Which Commodities Pulled Down CSX’s Carloads in the Week?

    In the week ended October 1, 2016, CSX’s overall carloads reported a fall of 5.6% compared to the week ended October 3, 2015.

    By Samuel Prince
  • uploads///lev
    Company & Industry Overviews

    Understanding Arch Coal’s Financial Position

    Arch Coal’s leverage On June 30, 2017, the book value of Arch Coal’s (ARCH) long-term debt was about $315.6 million, of which ~$297 million is due for payment in 2024. Arch Coal’s leverage, which is its net debt divided by EBITDA (earnings before interest, tax, depreciation, and amortization), has increased since the acquisition of International […]

    By Alexis Tate
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Union Pacific’s Carloads Slide Less than Rival BNSF Railway’s Railcars

    Union Pacific’s combined coal and coke carloads fell by 26.2% in the latest reported week of 2016 on a year-over-year basis.

    By Samuel Prince
  • uploads///CSX Carloads
    Macroeconomic Analysis

    CSX Trails Norfolk Southern in Total Railcar Units

    In the week ending March 26, 2016, CSX’s (CSX) railcar units, excluding coal and coke, fell by 8.0%.

    By Samuel Prince
  • uploads///part
    Macroeconomic Analysis

    Coal Prices Stabilized Last Week after the Previous Week’s Fall

    PRB coal prices have remained under pressure since the start of the year due to low natural gas prices.

    By Mike Sonnenberg
  • uploads///CSX Carloads
    Earnings Report

    Did Coal Boost CSX’s Carloads in the Second Week of 2017?

    CSX’s carloads In the week ended January 14, 2017, CSX’s (CSX) overall railcar volumes rose 3.1% YoY (year-over-year). In the second week of 2017, CSX hauled over 68,000 railcars, compared with over 66,000 railcars in the comparable week last year. The company’s carloads, excluding coal and coke, rose 0.8%—a smaller rise than Norfolk Southern’s (NSC). […]

    By Samuel Prince
  • uploads///NG prices
    Macroeconomic Analysis

    How Low Natural Gas Prices Could Impact Coal Miners

    Henry Hub benchmark natural gas prices came in at $3.01 per MMBtu for the week ended September 30, 2016. This compares to $3.11 per MMBtu for the previous week.

    By Sheldon Krieger
  • uploads///Part  coal prices
    Macroeconomic Analysis

    Powder River Basin Coal Breaks the $10 Barrier: Will It Stay Up?

    Powder River Basin coal prices averaged $10.55 per ton for the week ended July 24. Prices averaged above $10 a ton for the first time in the last five weeks.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Why Are Utilities Not Stocking Cheap Coal Aggressively?

    Coal is an important commodity for railroad companies such as Union Pacific (UNP) and CSX (CSX). However, coal’s importance in freight is falling due to the emergence of shale oil.

    By Mike Sonnenberg
  • uploads///CSX Carloads
    Miscellaneous

    Despite a Rise in Coal, CSX’s Volumes Fell in Week 16

    In the week ended April 22, 2017, CSX Corporation’s (CSX) overall railcar volumes fell ~0.6% YoY (year-over-year).

    By Samuel Prince
  • uploads///PArt
    Macroeconomic Analysis

    Rising Natural Gas Inventory Makes Coal Producers Sweat

    The change of 94 Bcf in the underground natural gas inventory during the week of August 28 came in higher than Wall Street analysts’ expectation of 84 Bcf.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Crude oil prices recover a bit—what does it mean for coal?

    Crude oil prices as of January 22 Crude oil prices recovered marginally during the week ended January 22, 2016. WTI (West Texas Intermediate) crude oil prices closed at $30.99 per MMBtu (million British thermal units) on January 22, 2016, compared to the closing price of $29.42 per barrel on January 15, 2016. Meanwhile, Brent crude […]

    By Mike Sonnenberg
  • uploads///UNP Carloads
    Macroeconomic Analysis

    How Union Pacific’s Carloads Compared with Overall US Railroads

    In the week ended December 3, Union Pacific’s (UNP) overall railcars fell 2.6% to 95,000-plus units from ~98,000 units in the corresponding week of 2015.

    By Samuel Prince
  • uploads///CSX Carloads
    Energy & Utilities

    Why Did CSX’s Carloads Slump in the Week Ending July 16?

    CSX (CSX) is a major operator in the Eastern US that competes with Norfolk Southern (NSC).

    By Samuel Prince
  • uploads///Stock price
    Earnings Report

    What Could Drive Arch Coal Stock in 2017?

    Although the majority of coal (KOL) stocks began 2016 on a weak note, they outperformed the broader market in 2016.

    By Sheldon Krieger
  • uploads///csx carlaads
    Macroeconomic Analysis

    Comparing CSX’s Carloads with US Railroads

    In the week ended December 10, 2016, CSX’s (CSX) overall carloads fell 6.1%. The company hauled 72,000 railcars against 77,000 in the corresponding week last year.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Comparing Union Pacific’s Carloads

    Union Pacific’s carloads In the western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B). In the week ended February 18, 2017, UNP’s overall railcar volumes grew 7.2% YoY (year-over-year) to ~96,000 units. Railcar volumes, excluding coal and coke, rose 1.8% YoY to 70,000 units, compared with 69,000 units in […]

    By Samuel Prince
  • Energy & Utilities

    Why Russian coal could hinder US coal exports to China

    Coal accounts for less than a 20% share in electricity generation in Russia (RSX). Coal production is much higher than the domestic demand. As a result, most of Russia’s thermal coal is exported.

    By Mike Sonnenberg
  • uploads///guidance
    Earnings Report

    What to Expect from Major Coal Mining Companies in Their Future Earnings

    Alliance Resource Partners (ARLP) revised its fiscal 2016 shipments guidance to 36.5 million–37.0 million tons from its prior guidance of 35.0 million–36.0 million tons.

    By Sheldon Krieger
  • uploads///part
    Company & Industry Overviews

    Introducing Alliance Resource Partners: A Company Overview

    In this series, we’ll explore how Alliance Resource Partners has expanded its business and evaluate its key operational metrics and financial position.

    By Alexis Tate
  • uploads///copri
    Energy & Utilities

    Coal Spot Prices Remained Steady in the Week Ended October 20

    During the week ended October 20, 2017, coal spot prices from all the regions remained steady compared to their prices in the week ended October 13.

    By Alexis Tate
  • uploads///Part
    Company & Industry Overviews

    2015: A Year of Bankruptcies in the Coal Sector

    Arch Coal (ACI) has narrowly escaped bankruptcy in 2015 so far. However, it may happen anytime, considering the dilapidated situation of Arch Coal’s finances.

    By Mike Sonnenberg
  • uploads///Stock price
    Earnings Report

    Factors Driving Major Coal Company Stocks So Far in 4Q16

    Stocks of all major coal mining companies remained upbeat after the US election results on November 9, 2016. The recent rally in natural gas prices helped coal stocks continue their momentum so far in December 2016.

    By Sheldon Krieger
  • uploads///CSX Carloads
    Macroeconomic Analysis

    A Huge Fall in Coal Pulls Down CSX Corporation’s Carloads

    In the week ended June 18, 2016, CSX Corporation’s carloads excluding coal and coke fell by 3.6%

    By Samuel Prince
  • uploads///Loss
    Energy & Utilities

    Top MLP Losses in the Week Ending April 13

    Alliance Holdings GP (AHGP), the GP of Alliance Resource Partners (ARLP), was the top MLP loss in the week ending April 13, 2018.

    By Kurt Gallon
  • uploads///GWR Europe
    Energy & Utilities

    Genesee and Wyoming Saw Dive in European Carloads in July 2017

    Genesee and Wyoming moved ~91,000 railcars in July 2017 compared to ~97,000 carloads in the same month last year.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    How Did BNSF’s Traffic Fare in Week Ending July 16?

    BNSF Railway’s total railcars for the week ended July 16, 2016, fell by 1.8% to 99,000 units compared with 100,000 plus units on a year-over-year basis.

    By Samuel Prince
  • uploads///PArt
    Macroeconomic Analysis

    Coal Shipments Continue to Rise amid Weak Natural Gas Prices

    According to EIA estimates, US coal shipments increased marginally to 18.7 million tons during the week ending August 28.

    By Mike Sonnenberg
  • uploads///copri
    Energy & Utilities

    Coal Spot Prices Remain Steady for the Second Month

    On December 18–22, the PRB and Illinois Basin coal prices remained at $12.10 per short ton and $32.60 per short ton, respectively.

    By Alexis Tate
  • uploads///NSC Carloads
    Macroeconomic Analysis

    How Norfolk Southern’s Carloads Stacked Up against Peers

    In the week ended March 11, 2017, NSC’s overall railcar volumes rose 3%.

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Coal Volume Boosts Norfolk Southern’s Carloads

    Norfolk Southern’s carloads Norfolk Southern (NSC) and CSX (CSX) run a virtual duopoly in the eastern United States. In the week ended January 28, 2017, NSC’s overall railcar volumes grew 10.4%. There were over 71,000 railcars, compared with ~65,000 in the week ended January 30, 2016. Railcar volumes, excluding coal and coke traffic, rose 2.4% in […]

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    How Union Pacific’s Carloads Compare to BNSF Railway’s

    In the Western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B).

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Comparing Norfolk Southern’s Carloads with US Railroads’ Volumes

    Coal (CNX) formed 15% of NSC’s 3Q16 revenues, coming down from 23% in 2009.

    By Samuel Prince
  • uploads///NSC Carloads
    Earnings Report

    Comparing Norfolk Southern’s Carloads

    Norfolk Southern’s carloads In the eastern United States, Norfolk Southern (NSC) operates alongside CSX (CSX). In the week ended January 14, 2017—the second week of the year—NSC’s overall railcar volumes grew 7.5%. The number of railcars topped ~66,000, compared with 61,000 in the week ended January 16, 2016. Railcar volumes, excluding coal and coke traffic, rose […]

    By Samuel Prince
  • uploads///stock price
    Earnings Report

    What Factors Drove the Major Coal Company Stocks in 1Q16?

    Uncertainty surrounding the recovery of coal prices and the enactment of environmental regulations such as the Clean Power Plan impacted coal stocks in 1Q16.

    By Sheldon Krieger
  • uploads///CSX Carloads
    Energy & Utilities

    How Did CSX’s Carloads Perform in the Week Ending July 9?

    CSX (CSX) is a major operator in the Eastern US that competes with Norfolk Southern (NSC).

    By Samuel Prince
  • uploads///mlp
    Company & Industry Overviews

    Understanding the Master Limited Partnership Structure of Alliance Resource Partners

    As of December 31, 2016, Alliance Resource Partners was being managed by its MGP, which is 100% owned, directly and indirectly, by AGHP.

    By Alexis Tate
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Which Commodity Groups Pulled Down Norfolk Southern’s Carloads?

    Norfolk Southern’s carloads Norfolk Southern (NSC) and CSX (CSX) run a near duopoly in the eastern United States. In the week ended December 17, 2016, NSC’s overall railcars fell 6.4%. Total railcars were above 63,000, compared with ~68,000 in the corresponding week last year. Railcars, excluding coal and coke traffic, fell 11.2% that week on […]

    By Samuel Prince
  • uploads///Guidance
    Earnings Report

    A Closer Look at Arch Coal’s Financial Position and 2017 Guidance

    Arch Coal’s (ARCH) 4Q16 earnings were driven by a strong rebound in metallurgical coal prices.

    By Sheldon Krieger
  • uploads///copri
    Energy & Utilities

    No Change in Coal Prices Week-Over-Week

    Powder River Basin coal prices Powder River Basin (or PRB) coal stood at $12.10 per short ton on November 24, 2017. PRB coal prices have not changed for the last three weeks. PRB has surface mines, where sub-bituminous coal is mined. These surface mines, located in Wyoming and Montana, are in the lowest-cost coal mining region in […]

    By Alexis Tate
  • uploads///part
    Company & Industry Overviews

    What Factors Could Drive Arch Coal Stock in 2H17?

    1H17 in review Majority of the coal (KOL) stocks began 2017 on a weak note. The stocks have not been able to recoup from the slump until now. They have been outperformed by the broader market and the VanEck Vectors Coal ETF so far in 2017. On September 19, 2017, Arch Coal (ARCH) has fallen […]

    By Alexis Tate
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Other than Coal Commodities Drove Union Pacific’s Carloads Higher

    In the reported week, UNP’s combined coal (ARLP) and coke carloads fell 8.1% on a year-over-year basis.

    By Samuel Prince
  • uploads///coal prices
    Energy & Utilities

    Coal Prices Remained Steady in the Week Ending September 9

    For the week ending September 9, 2016, PRB spot coal prices came in at $10.50 per ton, which is marginally lower than the previous week’s $10.65 per ton.

    By Sheldon Krieger
  • uploads///CSX Carloads
    Macroeconomic Analysis

    Why Did CSX’s Carloads Rise?

    CSX’s carloads In the week ended February 18, 2017, CSX’s (CSX) overall railcar volumes rose 6.6% YoY (year-over-year). In the seventh week of 2017, CSX hauled ~72,000 railcars, compared with 67,000 plus railcars in the same week last year. CSX’s carloads, excluding coal and coke, rose 3.7%. If you want to compare this week’s freight volume […]

    By Samuel Prince
  • uploads///Part  coal price
    Macroeconomic Analysis

    Indicators affect regional coal producers differently

    Peabody Energy (BTU), Arch Coal (ACI), and Cloud Peak Energy (CLD) are major coal producers that operate in the Powder River Basin region.

    By Mike Sonnenberg
  • uploads///KSU Carloads
    Energy & Utilities

    Why Kansas City Southern’s Freight Traffic Just Rose

    Kansas City Southern reported a YoY (year-over-year) 4.4% rise in railcars in the week ended July 15, 2017.

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    Union Pacific: Has Hurricane Harvey Impacted Freight Volumes?

    In the week ended September 2, 2017, Union Pacific (UNP) recorded a 12.7% fall in railcar traffic.

    By Samuel Prince
  • uploads///CSX Carloads
    Company & Industry Overviews

    CSX’s Freight Volumes: How It Stacked Up against Its Peers

    In the week ended April 1, 2017, total freight volumes of CSX (CSX) dipped to 4.6% year-over-year.

    By Samuel Prince
  • uploads///CNI Carloads
    Energy & Utilities

    Canadian National Railway: What Led Volume Growth in Week 35

    Since the beginning of 2017, Canadian National Railway (CNI) has continually kept its positive momentum. In the week ended September 2, 2017, CNI’s carloads rose 4.2%.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Which Commodity Groups Drove Union Pacific’s Carloads Higher?

    In the reported week, UNP’s combined coal (ARLP) and coke carloads fell 7.7% on a year-over-year basis. UNP’s coal revenues fell ~20% in 3Q16.

    By Samuel Prince
  • uploads///CSX Intermodal
    Energy & Utilities

    How Is CSX’s Intermodal Traffic Looking as of July 23?

    CSX’s total intermodal traffic fell by 6.03%, from ~56,000 units in the week ended July 25, 2015, to ~53,000 units in the week ended July 23, 2016.

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    How Do Union Pacific’s Carloads Compare with Industry Volumes?

    In the week ended July 23, Union Pacific’s total railcars declined by 6.3% to 94,000 units from ~100,000 units in the corresponding week of 2015.

    By Samuel Prince
  • uploads///Part
    Macroeconomic Analysis

    Did last week’s indicators impact thermal coal prices?

    Central Appalachian thermal coal prices came in at $50.90 per ton for the week ending February 6. Coal prices increased—despite the fall in natural gas prices.

    By Mike Sonnenberg
  • uploads///copro
    Energy & Utilities

    Coal Prices Stay Put in Winter 2017

    For the week ended December 15, Powder River Basin (or PRB) coal prices came in at $12.10 per short ton. PRB coal prices have remained at the same rate since November 10.

    By Alexis Tate
  • uploads///Part
    Macroeconomic Analysis

    Coal Shipments Rise as Temperatures Drop

    According to the EIA, US coal shipments rose to 16.1 million tons in the week ending December 4, compared to 15 million tons in the week ending November 27.

    By Mike Sonnenberg
  • uploads///EV EBITDA
    Company & Industry Overviews

    Where Cloud Peak Energy’s Stock Is Trading next to Peers

    On August 17, 2017, Cloud Peak Energy (CLD) had a forward EV-to-EBITDA multiple of 5.5x.

    By Alexis Tate
  • uploads///UNP Carloads
    Macroeconomic Analysis

    A Look at Union Pacific’s Carloads in the 4th Week of 2017

    Union Pacific’s carloads In the western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B), In the week ended January 28, 2017, UNP’s overall railcar volumes contracted 0.5% to ~95,000 units, flat compared with the volumes reported in the corresponding week of 2016. Railcar volumes, excluding coal and coke, […]

    By Samuel Prince
  • uploads///coprice
    Energy & Utilities

    Spot Coal Prices Remained Flat in the Week Ending November 3

    Powder River Basin coal settled at $11.75 per short ton, while Illinois Basin spot coal prices closed at $32.60 per short ton.

    By Alexis Tate
  • uploads///Part
    Macroeconomic Analysis

    Natural Gas Prices Lean Hard on Coal in Mid-December

    Henry Hub benchmark natural gas prices rose in the week leading up to December 11. But the benchmark natural gas price fell to $1.77 per MMBtu on the day.

    By Mike Sonnenberg
  • uploads///Energy
    Company & Industry Overviews

    What’s Driving Rio Tinto’s Energy and Minerals Division?

    Rio Tinto’s (RIO) Energy and Minerals division now includes coal, iron ore pellets, titanium dioxide, borates, salt, and uranium.

    By Anuradha Garg
  • uploads///US Weekly
    Energy & Utilities

    US Rail Traffic Tumbles along with Canadian and Mexican Peers

    US railcar (TRN) traffic fell by 5.3% to ~262,000 units, as compared to nearly 287,000 units in the week ended July 25, 2015.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    How BNSF’s Carloads Compared to Rival Union Pacific

    BNSF Railway’s (BRK-B) total railcars for the week ended December 10, 2016, fell 5.5% to ~95,000 units, compared to ~100,000 units on a year-over-year basis.

    By Samuel Prince
  • uploads///Part
    Earnings Report

    How Arch Coal’s Rise in Bituminous Thermal Coal Volumes Hurt Prices in 3Q15

    Arch Coal’s Bituminous Thermal coal segment sold 2.3 million tons in 3Q15 compared to 2.2 million tons in 3Q14 and 1.9 million tons in 2Q15.

    By Mike Sonnenberg
  • uploads///election results
    Miscellaneous

    Why Did Coal Stocks Soar after the US Election Results?

    The Republicans won the majority of the major coal-producing (KOL) states in the United States such as Wyoming, West Virginia, Kentucky, Pennsylvania, and Montana.

    By Sheldon Krieger
  • uploads///UNP Carloads
    Energy & Utilities

    Union Pacific: Intermodal Rise Limits Fall in Railcars in Week 36

    Union Pacific (UNP) reported lower freight volumes due to the impact of Hurricane Harvey.

    By Samuel Prince
  • uploads///CSX Carloads
    Energy & Utilities

    Week 9: CSX’s Freight Volumes Trended in Contrast with Industry

    Eastern US major railroad company CSX Corporation (CSX) continues to see a declining trend in its carload traffic in 2018.

    By Samuel Prince
  • uploads///Part
    Macroeconomic Analysis

    Coal under Pressure as Natural Gas Prices Fall Again

    Natural gas prices ended the September 4 week in red. Low natural gas prices have eaten away market share from coal in electricity generation.

    By Mike Sonnenberg
  • uploads///CSX Carloads
    Macroeconomic Analysis

    Why Did CSX’s Carloads Slump?

    CSX (CSX) is a major operator in the Eastern US that competes with Norfolk Southern (NSC).

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    How Do Union Pacific’s Carloads Compare with Rival BNSF’s?

    Union Pacific (UNP) competes with Berkshire Hathaway owned BNSF Railway (BRK-B) in the Western US.

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Why Norfolk Southern’s Carloads Increased

    Norfolk Southern’s carloads In the eastern United States, Norfolk Southern (NSC) operates alongside CSX (CSX). In the week ended January 21, 2017, NSC’s overall railcar volumes grew 16.3%. The number of railcars topped 69,000, compared with ~60,000 in the week ended January 23, 2016. Railcar volumes, excluding coal and coke traffic, rose 9.6% in the reported […]

    By Samuel Prince
  • uploads///performance by subgroup
    Macroeconomic Analysis

    Why Gathering & Processing MLPs Outperformed Others in February

    Gathering and processing MLPs In this article, we’ll analyze the performance of MLP subgroups in February 2017. Among these subgroups, the gathering and processing subgroup, which includes Williams Partners (WPZ), ONEOK Partners (OKS), and MPLX LP (MPLX), benefited from a slight recovery in drilling activity. Gathering and processing MLPs’ throughput volumes are directly linked to […]

    By Kurt Gallon
  • uploads///Part
    Macroeconomic Analysis

    Coal Prices in All Major Regions Remain Steady

    For the week ending September 4, Powder River Basin spot coal prices averaged $10.7 per ton—$0.17 higher than the price for the week ending August 28.

    By Mike Sonnenberg
  • uploads///CSX Carloads
    Macroeconomic Analysis

    Strong Rise in Coal Volumes Failed to Push up CSX’s Carloads

    CSX’s carloads In the week ended December 17, 2016, CSX’s (CSX) overall carloads fell 2.3% from the week ended December 19, 2015. In the week in 2016, the company hauled over 71,000 railcars, against nearly 73,000 in the corresponding week last year. Its carloads, excluding coal and coke, fell 8.2%, in line with Norfolk Southern’s […]

    By Samuel Prince
  • uploads///CSX Carloads
    Macroeconomic Analysis

    Behind the Slump in CSX’s Carloads

    In the week ended June 4, 2016, CSX’s carloads, excluding coal and coke, fell by 13.4%—somewhat higher compared with NSC’s volumes in the same category.

    By Samuel Prince
  • uploads///CSX Carloads
    Consumer

    Why CSX’s Freight Volumes Fell in Week 46

    CSX’s carload volumes in Week 46 In the week ended November 18, 2017, Jacksonville-based CSX (CSX) reported a 4.7% fall in carload traffic from the week ended November 19, 2016. CSX’s carloads fell to 69,500 units in the 46th week of this year, from ~73,000 carloads in the corresponding week of 2016. The company’s volume loss was […]

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    How Union Pacific’s Carloads Compare to the Industry

    In the week ended August 27, 2016, Union Pacific’s railcar volumes declined by 6.9%, at 98,000-plus units from 105,000-plus units in the corresponding week in 2015.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    These Commodity Groups Boosted Union Pacific’s Carloads Last Week

    In the week ended February 25, 2017, UNP’s overall railcar volumes grew 5.4% YoY to ~95,000 units.

    By Samuel Prince
  • uploads///debt
    Company & Industry Overviews

    The Flip Side of Alliance Resource Partners’ Business: Key Risks

    As of June 30, 2017, ARLP’s long-term contracts totaled ~38.0 million tons for 2017, 20.1 million tons for 2018, and 11.0 million tons for 2019.

    By Alexis Tate
  • uploads///PArt
    Macroeconomic Analysis

    What Do Rising Crude Oil Prices Mean for Coal?

    Crude oil prices rose for the second straight week, albeit at a slower pace. When crude oil production rises, there are fewer railcars available to transport coal.

    By Mike Sonnenberg
  • uploads///Stock
    Earnings Report

    What Could Drive Alliance Resource Partners Stock in 2017?

    The majority of coal stocks began 2016 on a weak note. But they outperformed the broader market in 2016—mostly through gains in the second half of 2016.

    By Sheldon Krieger
  • uploads///Part
    Company & Industry Overviews

    Inside Alliance Resource Partners’ Mining Operations

    Alliance Resource Partners (ARLP) operates eight underground mining complexes in two regions: Illinois and Appalachia.

    By Alexis Tate
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Comparing Norfolk Southern’s Carloads with Industry Volumes

    In the week ended December 3, 2016, NSC’s overall railcars witnessed a minor rise of 0.7%. The total railcars rose to ~69,000 in the same week against 68,000-plus units in the corresponding week in 2015.

    By Samuel Prince
  • uploads///Part
    Macroeconomic Analysis

    What the Dip in Natural Gas Inventory Means for Coal

    A lower-than-expected natural gas inventory indicates a lower-than-expected supply, which means a higher-than-expected demand—and boosts natural gas prices.

    By Mike Sonnenberg
  • uploads///NSC Carloads
    Macroeconomic Analysis

    How Do Norfolk Southern’s Carloads Compare to Other US Railroads?

    In the week ended January 7, 2017, NSC’s overall railcar volumes fell 6.6%. Total railcars topped 56,000, as compared to 60,000 one year previously.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Carloads Volume: Union Pacific versus BNSF Railway

    Union Pacific’s carloads Union Pacific (UNP) competes with BNSF Railway, owned by Berkshire Hathaway (BRK-B), in the western United States. In the week ended December 17, 2016, UNP’s overall railcars fell 7.5% to 89,000 units from 96,000 units in the corresponding week of 2015. Railcars, excluding coal and coke, fell 6.7% to around 67,000 units […]

    By Samuel Prince
  • uploads///CSX Carloads
    Energy & Utilities

    Why Did CSX’s Carloads Slump in the Week Ending July 23?

    In the week ended July 23, 2016, CSX’s carloads excluding coal and coke fell by 8%, as compared to the 4% fall reported by NSC.

    By Samuel Prince
  • uploads///GWR European
    Energy & Utilities

    Trends behind Genesee & Wyoming’s European Carloads in August 2017

    Genesee & Wyoming saw its coal (ARLP) and coke railcars fall 63% in August 2017.

    By Samuel Prince
  • uploads///copri
    Energy & Utilities

    Powder River Basin Coal Spot Prices Recovered Sharply

    During the week ended November 10, 2017, PRB coal closed at $12.10 per short ton, which was ~3% higher than $11.75 per short ton that coal maintained for the past five weeks.

    By Alexis Tate
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Norfolk Southern’s Carloads: Coal Could Be Bouncing Back

    In the week ended February 4, 2017, NSC’s overall railcar volumes grew 8%.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Union Pacific’s Railcars Slide Less than BNSF Railway’s

    In the week ended April 23, UNP’s total railcars declined by just over 13% to 83,500 units.

    By Samuel Prince
  • uploads///Coal
    Consumer

    Are Rio Tinto’s Coal Volumes Expected to Increase in 2016?

    Rio’s hard coking coal production was 8% lower YoY (year-over-year) in the first half of 2016.

    By Anuradha Garg
  • uploads///Part
    Macroeconomic Analysis

    Natural Gas Prices Rise Marginally—But Not Enough to Boost Coal

    Henry Hub benchmark natural gas prices came in at $2.22 per MMBtu on January 22, 2016. This compares to $2.18 per MMBtu on January 15, 2016.

    By Mike Sonnenberg
  • uploads///BNSF Carlaods
    Macroeconomic Analysis

    How BNSF’s Carloads Compared with the US Railroads

    BNSF Railway’s total railcars for the week ended November 5, 2016, fell 2.6% to 105,000 units compared with ~107,000 plus units on a year-over-year basis.

    By Samuel Prince
  • uploads///ngp
    Energy & Utilities

    Coal Prices Remain Steady in Week Ended November 17

    Power River Basin coal prices In the week ended November 17, 2017, PRB (Power River Basin) coal prices closed at $12.10 per short ton, the same price reported at the end of the previous week. PRB produces sub-bituminous coal from surface mines, which make it a low-cost coal mining area. These coal reserves are located in […]

    By Alexis Tate
  • uploads///CSX Carloads
    Macroeconomic Analysis

    How Did CSX’s Weekly Carloads Compare with US Railroads?

    Coal accounted for 13.2% of CSX’s total volumes and 17.2% of its total revenues in 3Q16.

    By Samuel Prince
  • uploads///BWP
    Energy & Utilities

    Can Boardwalk Pipeline Partners Generate Strong Returns?

    Boardwalk Pipeline Partners has lost 24.2% since the beginning of this year.

    By Kurt Gallon
  • uploads///PArt  natgas inventory
    Macroeconomic Analysis

    Natural Gas Inventory Tops Expectations: Bad for Coal

    Natural gas inventory has risen over the past few weeks since the injection season has started. If inventory is higher than expected, it indicates a higher-than-expected supply, which pressures natural gas prices. A fall in natural gas prices hurts coal producers.

    By Mike Sonnenberg
  • uploads///NSC Carloads
    Energy & Utilities

    How Did Norfolk Southern’s Carloads Fare at the End of July?

    Norfolk Southern’s (NSC) overall railcars witnessed a 7.4% fall in the week ended July 30, 2016. Total railcars reached ~68,000 the same week.

    By Samuel Prince
  • uploads///Inv
    Energy & Utilities

    Natural Gas Inventories and Coal in Week Ended September 1

    When the prices of other fuels are more attractive, the demand for coal can fall, and when other fuel prices increase, coal can become more attractive.

    By Alexis Tate
  • uploads///CSX Carloads
    Macroeconomic Analysis

    The Story behind the Slide in CSX’s Carloads

    In the week ending May 21, 2016, CSX’s railcars excluding coal and coke declined by 2.6% YoY (year-over-year)—almost on par with NSC.

    By Samuel Prince
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