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Alliance Resource Partners LP Message Board

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  • norris_3845 norris_3845 Sep 19, 2010 8:05 PM Flag


    ARLP has finished a new mine. This has increased revenue substantially. The fixed costs of this corporate structure has not changed. Therefore, much of the increased revenue is falling to the bottom line. Thus, the increase in earnings is not due to a fluke, just due to a new mine. Baring a major mining accident, these new earnings should be there permenantly.

    The MLRP structure dictates that 90% of the earnings goes to distribution. This means that the distribution will go near $6/share. Thus, if we have an 8% distribution, then we should go to $70/share. So, I would keep this for a while.

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