$ARLP capitalizing. Follows $ARCH rip, and sets up well for $AMR $BTU and $CEIX. #coal #CoalTwitter @mfwarder @Edark94 @TwainsMustache
seekingalpha.com/news/3827316-a…
seekingalpha.com/news/3827316-a…
At year-end, Alliance (ARLP) had committed and priced 32.1mt for 2022. As of Tuesday's release, the company had committed and priced 34.2mt. However the additional 2.1mt led to a full $11.3 / 24% increase in the average revenue per ton for all of 2022 committed volumes.
The math would indicate that the incremental 2.1mt of committed sales were contracted at over $230 per ton, suggesting Alliance (ARLP) is successfully exporting thermal to the seaborn market.
Adding $11.3 dollars per ton to company's 34.2mt of contracted volume, leads to EBITDA improvement of ~$386m, or ~$3.00 of incremental EPS.
In addition to generating incremental earnings, successfully exporting thermal coal out of Illinois is likely to lead to improved in-basin pricing for 2023 contracts. And that is exactly what weekly spot market data suggests is happening: 
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