Tulsa’s Alliance Resource Partners, L.P., the largest coal producer in the eastern United States, plans to release its fourth quarter 2023 financial results before the market opens on Monday, January 29.
Executives of the company plan to hold a conference call at 9 a.m. central time later the same day.
Alliance saw an increase in total revenues in the third quarter when results were announced in October 2023. They grew to $636.5 million compared to $632.5 million a year earlier. Net income was down from $167.7 million or $1.25 per basic share in 2022 to $153.7 million or $1.18 a share last fall.
Alliance also has strong investments in oil and gas.
” “Our Oil & Gas Royalties segment reported continued growth resulting in record production volumes, underscoring the success of recent acquisitions in core parts of the prolific Permian Basin,” said Joseph W. Craft III, Chairman, President and Chief Executive Officer.
