Alliance Resource Partners reports Q2 EPS 82c, consensus 78c
Reports Q2 revenue $398.7M, consensus $447.68M. "ARLP made significant strides this quarter toward achieving its goal of enhancing long-term value for our unitholders," said Joseph Craft III, president and CEO. "ARLP's performance for the 2017 Quarter met our expectations and, with our outlook for the second half of the year intact, we continue to believe ARLP should deliver full-year results within our existing guidance ranges. On July 19, 2017, we made an additional oil and gas midstream investment. This immediately accretive $100 million investment is consistent with ARLP's previously stated objective of opportunistically deploying capital in the oil and gas sector to create sustainable growth in cash flow as a complement to our core coal business."