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Alliance Resource Partners Q1 Earnings, Revenue Decline; Quarterly Cash Distribution Maintained

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Alliance Resource Partners (ARLP) reported Q1 earnings Monday of $0.07 per diluted unit, compared with $0.57 a year earlier.

Two analysts surveyed by FactSet expected $0.39.

Revenue for the quarter ended March 31 was $516 million, compared with $540.5 million a year earlier.

Four analysts surveyed by FactSet expected $518.2 million.

The company said it maintained its quarterly cash distribution of $0.60 per unit, which is payable on May 15 to unitholders of record as of May 8.

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