$ARLP

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index increasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index was climbing 3.8%, and the Dow Jones US Utilities Index fell 1.7%.Front-month West Texas Intermediate crude oil rose 0.6% to $91.06 a barrel, and the global benchmark Brent crude contract advanced 1.2% to $94.17 a barrel. Henry Hub natural gas futures fell 3% to $3.13 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 1.4% after the company said it has acquired Armec, a manufacturing and engineering firm, to expand its capabilities in reactor and fuel manufacturing programs.Eni (E) and Petronas said they have launched a 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia. Eni shares rose 1%.Alliance Resource Partners (ARLP) shares added 0.4% after the company said Monday it has agreed to buy certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for about $206.2 million.

Sector Update: Energy Stocks Rise Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index was climbing 3.4%, and the Dow Jones US Utilities Index was shedding 1.6%.Oil prices were higher in Monday trading, but off session highs, as Iran reportedly halted military operations against Israel after fresh clashes erupted between the two countries. Iran has suspended strikes against Israel, the former's Ministry of Foreign Affairs told CNBC on Monday. The two countries traded strikes on Sunday night, according to reports. Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to the CNBC report.Front-month West Texas Intermediate crude oil rose 0.9% to $91.34 a barrel, and the global benchmark Brent crude contract was advancing 1.5% to $94.51 a barrel. Henry Hub natural gas futures fell 2.9% to $3.14 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 2% after the company said it has acquired Armec, a manufacturing and engineering firm, to expand its capabilities in reactor and fuel manufacturing programs.Eni (E) and Petronas said they have launched a new 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia. Eni shares rose 1%.Alliance Resource Partners (ARLP) shares were fractionally higher after the company said Monday it has agreed to buy certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for about $206.2 million.

Alliance Resource Partners to Buy Certain AllDale Minerals Interests for $206.2 Million

Alliance Resource Partners (ARLP) said Monday it has agreed to acquire certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for approximately $206.2 million.The diversified natural resource company said the deal implies a combined gross valuation of approximately $410.0 million for AllDale III and IV.It also said the general partner and limited partner interests being sold are valued at approximately $306.2 million, of which $206.2 million will be acquired by Alliance Resource Partners, and $100 million will be acquired by related parties of the company's Chairman, President, and Chief Executive Officer Joseph W. Craft III.The transaction is expected to close in July, subject to customary closing conditions. The terms were approved by the conflicts committee of the board of directors of Alliance Resource Partners' general partner, the company said.Units of Alliance Resource Partners were recently up nearly 2% on Monday.

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

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.

Earnings Flash (ARLP) Alliance Resource Partners Posts Q1 Earnings $0.07 a Unit, vs. FactSet Est of $0.39