|Bid||2.8000 x 1200|
|Ask||2.8100 x 2200|
|Day's Range||2.7900 - 2.9500|
|52 Week Range||2.7000 - 15.4000|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 26, 2020 - Oct. 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb. 06, 2020|
|1y Target Est||7.67|
Earlier this morning, Alliance Resource Partners released its second-quarter 2020 financial and operating results, and we'll now discuss these results, as well as, our perspective on market conditions. For our coal operations, ARLP's decisions have temporarily idled five of our seven mining complexes in response to the effects of the COVID-19 pandemic, led to lower coal production of 4.3 million tons in the 2020 quarter, a 46.1% reduction compared to the sequential quarter.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported a net loss attributable to ARLP of $46.7 million, or $(0.37) per basic and diluted limited partner unit for the quarter ended June 30, 2020 (the "2020 Quarter") compared to net income attributable to ARLP of $58.1 million, or $0.44 per basic and diluted limited partner unit for the quarter ended June 30, 2019 (the "2019 Quarter"). The decrease in net income attributable to ARLP in the 2020 Quarter was primarily due to our decision to temporarily cease coal production at five of our seven mining complexes at the beginning of the 2020 Quarter in response to the impacts of the COVID-19 pandemic and coal market deterioration. Production days were cut in half compared to the quarter ended March 31, 2020 (the "Sequential Quarter") as we gradually resumed production during the 2020 Quarter. (Unless otherwise noted, all references in this release to "net income (loss)" refer to "net income (loss) attributable to ARLP.")
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its second quarter 2020 financial results before the market opens on Monday, July 27, 2020. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.