Increased Coal Sales Volumes
Total coal sales volumes increased 3.9% to 8.7 million tons compared to the same quarter last year, and increased 3.8% compared to the previous quarter.
Strong Performance in Illinois Basin
Coal sales volumes in the Illinois Basin increased by 10.8% compared to the same quarter last year.
Improved EBITDA
Adjusted EBITDA for the quarter was $185.8 million, up 9% from the same quarter last year and up 14.8% sequentially.
Positive Free Cash Flow
Alliance generated free cash flow of $151.4 million after investing $63.8 million in coal operations.
Royalty Segment Revenue Growth
Total revenues in the royalty segment were $57.4 million, up 11.9% compared to the same quarter last year.
Successful Transition in Appalachia
Appalachia operations improved with a 21.8% increase in coal sales volumes compared to the previous quarter due to a successful transition to a new longwall district at Tunnel Ridge.