Alliance Resource Partners posts record second-quarter earnings

摘要

Alliance Resource Partners, which once again rang up record earnings in the second quarter, said Wednesday it finally has commenced construction on the long-delayed Gibson South underground mine near Princeton, Indiana. The Tulsa, Oklahoma-based coal company earned 98.1 million dollars in the April-June period, up from 85 million dollars a year ago, driven by record coal sales volumes combined with record average coal sales prices. Revenue rose to an all-time high of 457.9 million dollars. “We are well on the way to posting our 11th consecutive year of record financial growth,” Joseph Craft III, the company’s president and CEO, told analysts during a conference call.