Alliance Resource Partners, L.P. (NASDAQ:ARLP) Q3 2022 Earnings Conference Call October 31, 2022 10:00 AM ET
Company Participants
Brian Cantrell - Senior Vice President and CFO
Joe Craft - Chairman, President and CEO
Conference Call Participants
Nathan Martin - The Benchmark Company
Mark Reichman - Noble Capital Markets
Dave Storms - Stonegate Capital Markets
Mark Zand - Wexford
Lucas Pipes - B. Riley
Arthur Calavritinos - ANC Capital
Operator
Greetings. And welcome to Alliance Resource Partners Third Quarter 202 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brian Cantrell, Senior Vice President and Chief Financial Officer. Thank you. You may begin.
Brian Cantrell
Thank you, Doug, and welcome, everyone. Earlier this morning, Alliance Resource Partners released its third quarter 2022 financial and operating results, and we will now discuss these results, as well as our perspective on market conditions and outlook. Following our prepared remarks, we will open the call to your questions.
Before we beginning, a reminder that some of our remarks today may include forward-looking statements, subject to a variety of risks, uncertainties and assumptions contained in our filings from time-to-time with the Securities and Exchange Commission, and are also reflected in this morning’s press release.
While these forward-looking statements are based on information currently available to us, if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual results may vary materially from those we projected or expected.
In providing these remarks, the partnership has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law to do so.
Finally, we will also be discussing certain non-GAAP financial measures. Definitions and reconciliations of the differences between these non-GAAP financial measures and the most directly comparable GAAP financial measures are contained at the end of ARLP’s press release, which has been posted on our website and furnished to the SEC on Form 8-K.
With the required preliminaries out of the way, I will begin with a review of our results for the quarter and then turn the call over to Joe Craft, our Chairman, President and Chief Executive Officer for his comments.
As announced earlier this morning, ARLP’s exceptional performance during the first half of this year continued into the 2022 quarter, as we reported record revenues and coal sales prices. In addition to these records, ARLP also posted increases to coal sales and production volumes, oil and gas and coal royalty volumes, and consolidated net income and EBITDA, all as compared to the 2021 quarter.