Alliance Prospers Despite Domestic Challenges

Alliance Resource Partners, a U.S. steam coal operator, continued to set production records for a 12th consecutive year in 2012, with 34.8 million tons of coal, amid a challenging period for the U.S. industry. This year witnessed a 13.2% increase from 2011, while surpassing $2 billion in total revenue for the first time. Net income fell to $335.6 million from $389.4 million, however, owing to startup and infrastruc-ture costs at operations in Pennsylvania, West Virginia and Western Kentucky. Alliance CEO Joseph Craft hailed the per-formance as “truly remarkable considering the challenges in 2012,” pointing to low natural gas prices, a mild winter and fast-evolving Environmental Protection Agency regulations targeting the sector.
As featured in Womp 2013 Vol 02 -