WASHINGTON (dpa-AFX) - Alliance Resource Partners L.P. (ARLP) said its fourth-quarter net income grew to $91.7 million or $1.93 per limited partner unit from $87.37 million or $1.82 per limited partner unit a year earlier. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.78 for the quarter. Analysts' estimates typically exclude one-time items. For the fourth quarter, revenues increased 13.4% to $474.6 million from year ago's $418.61 million, reflecting higher coal sales volumes and increased average coal sales prices, while analysts estimated revenues of $492.52 million for the quarter. Also, ARLP announced that the board of its managing general partner increased the cash distribution to unitholders for the fifteenth consecutive quarter, also expecting quarterly unitholder distributions in 2012 to grow at a pace similar to 2011.
Copyright RTT News/dpa-AFX
© 2012 AFX News
