Alliance Resource Partners LP Q1 Profit Rises, but misses estimates

(RTTNews) - Alliance Resource Partners LP (ARLP) announced earnings for its first quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $36.65 million, or $0.28 per share. This compares with $24.75 million, or $0.19 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 44.6% to $460.86 million from $318.62 million last year.

Alliance Resource Partners LP earnings at a glance (GAAP) :

-Earnings (Q1): $36.65 Mln. vs. $24.75 Mln. last year. -EPS (Q1): $0.28 vs. $0.19 last year. -Analyst Estimate: $0.57 -Revenue (Q1): $460.86 Mln vs. $318.62 Mln last year.