Regional Results and Analysis
|(in millions, except per ton data)||2012 Third Quarter||2011 Third Quarter||% Change Quarter / Quarter||2012 Second Quarter||% Change Sequential|
|Coal sales price per ton (1)||$52.20||$50.83||2.7%||$53.22||(1.9)%|
|Segment Adjusted EBITDA Expense per ton (2)||$32.04||$31.67||1.2%||$32.81||(2.3)%|
|Segment Adjusted EBITDA (2)||$140.3||$127.2||10.3%||$142.7||(1.7)%|
|Coal sales price per ton (1)||$79.96||$79.99||-||$80.73||(1.0)%|
|Segment Adjusted EBITDA Expense per ton (2)||$68.04||$59.76||13.9%||$62.10||9.6%|
|Segment Adjusted EBITDA (2)||$6.2||$12.5||(50.4)%||$9.2||(32.6)%|
|Coal sales price per ton (1)||$65.43||$89.89||(27.2)%||$85.35||(23.3)%|
|Segment Adjusted EBITDA Expense per ton (2)||$55.73||$62.07||(10.2)%||$71.92||(22.5)%|
|Segment Adjusted EBITDA (2)||$15.8||$23.7||(33.3)%||$21.2||(25.5)%|
|Coal sales price per ton (1)||$56.00||$56.89||(1.6)%||$59.17||(5.4)%|
|Segment Adjusted EBITDA Expense per ton (2)||$38.48||$37.75||1.9%||$40.23||(4.3)%|
|Segment Adjusted EBITDA (2)||$160.2||$166.0||(3.5)%||$171.6||(6.6)%|
|(1) Sales price per ton is defined as total coal sales divided by total tons sold.|
|(2) For definitions of Segment Adjusted EBITDA expense per ton and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.|
|(3) Total includes White Oak, other, corporate and eliminations.|
Reflecting higher Illinois Basin and Northern Appalachia sales volumes, ARLP sold a record 8.9 million tons of coal in the 2012 Quarter, an increase of 7.0% over the 2011 Quarter. Coal sales volumes in the Illinois Basin increased from the 2011 Quarter primarily as a result of strong sales and production performance from the Warrior and Gibson North mines and the addition of the Onton mine. In Central Appalachia, lower coal sales volumes compared to the 2011 Quarter reflect the idling of the Pontiki mining complex in August 2012 due to regulatory actions. Compared to the Sequential Quarter, improved coal recoveries at both Central Appalachia mines and increased unit shifts at MC Mining contributed to higher coal sales volumes. Coal sales volumes in Northern Appalachia increased from the 2011 and Sequential Quarters reflecting the start-up of longwall production at the Tunnel Ridge mine in May 2012. Total coal inventory increased by approximately 155,000 tons during the 2012 Quarter to approximately one million tons. The increase primarily reflects higher production and the timing of shipments from our River View mine as barge traffic was impacted by adverse weather-related conditions during the 2012 Quarter. Shipment schedules are returning to normal and ARLP anticipates coal inventories will trend lower to approximately 350,000 tons by the end of the year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV