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Alliance Resource Partners Lp (ARLP) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Alliance Resource Partners Lp

CIK: 1086600 Ticker: ARLP

Exhibit 99.1

PRESS RELEASE

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CONTACT:

Brian L. Cantrell

Alliance Resource Partners, L.P.

1717 South Boulder Avenue, Suite 400

Tulsa, Oklahoma 74119

FOR IMMEDIATE RELEASE

(918) 295-7673

ALLIANCE RESOURCE PARTNERS, L.P.

Reports Quarterly and Annual Increases in Coal Volumes, Revenues, Net Income and EBITDA; Raises Quarterly Cash Distribution to $0.25 Per Unit; and Provides Initial 2022 Guidance

TULSA, OKLAHOMA, January 31, 2022 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported increased financial and operating results for the quarter and year ended December 31, 2021 (the "2021 Quarter" and "2021 Year", respectively) as compared to the quarter and year ended December 31, 2020 (the "2020 Quarter" and "2020 Year", respectively).

For the 2021 Quarter net income increased 48.0% to $51.8 million, or $0.40 per basic and diluted limited partner unit, compared to $35.0 million, or $0.27 per basic and diluted limited partner unit for the 2020 Quarter.  Total revenues in the 2021 Quarter increased 29.2% to $473.5 million compared to $366.5 million in the 2020 Quarter as a result of higher coal sales volumes and prices, which rose 12.7% and 5.6%, respectively, as well as significantly higher oil & gas prices, which increased by 93.1%.  Total operating expenses increased to $300.5 million in the 2021 Quarter, compared to $222.1 million in the 2020 Quarter, due to increased coal sales and production volumes, higher royalty and sales-related expenses as a result of increased coal price realizations, the impact of inflationary cost pressures and increased labor-related costs as certain mines worked overtime to meet customer demand.  Increased operating expenses in the 2021 Quarter also reflect an $11.8 million buy-out of a coal contract that enabled us to make higher priced coal sales for delivery of tons through the first quarter of 2022 and $6.8 million of unfavorable year end non-cash actuarial and accrual adjustments.  EBITDA also increased 7.3% in the 2021 Quarter to $130.2 million compared to $121.4 million in the 2020 Quarter. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.)

Results for the 2021 Year were also sharply higher as net income increased to $178.2 million, or $1.36 per basic and diluted limited partner unit, compared to a net loss of $129.2 million, or $(1.02) per basic and diluted limited partner unit for the 2020 Year. The increase in net income resulted from higher revenues, lower Segment Adjusted EBITDA expense per ton and lower depreciation in the 2021 Year and $157.0 million of non-cash impairment charges in the 2020 Year. Excluding the impact of impairment charges, net income for the 2021 Year of $178.2 million was an increase of $150.4 million compared to Adjusted net income of $27.8 million for the 2020 Year, while EBITDA increased 23.9% to $479.1 million in the 2021 Year compared to Adjusted EBITDA of $386.7 million for the 2020 Year. Coal sales volumes increased 14.4% and oil & gas prices rose by 88.2%

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The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, January 31, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Alliance Resource Partners Lp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule I - Condensed Financial Information Of Registrant - Condensed Balance Sheets (Details)
Schedule I - Condensed Financial Information Of Registrant - Condensed Balance Sheets (Parenthetical) (Details)
Schedule I - Condensed Financial Information Of Registrant - Condensed Statement Of Cash Flows (Details)
Schedule I - Condensed Financial Information Of Registrant - Condensed Statement Of Operations (Details)
Schedule I - Condensed Financial Information Of Registrant - Narrative (Details)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Partners' Capital
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Accrued Workers' Compensation And Pneumoconiosis Benefits
Accrued Workers' Compensation And Pneumoconiosis Benefits (Tables)
Accrued Workers' Compensation And Pneumoconiosis Benefits - Benefit Obligations (Details)
Accrued Workers' Compensation And Pneumoconiosis Benefits - Expense (Details)
Accrued Workers' Compensation And Pneumoconiosis Benefits - Recognized In Aocl (Details)
Accrued Workers' Compensation And Pneumoconiosis Benefits - Recognized In Balance Sheet (Details)
Accrued Workers' Compensation And Pneumoconiosis Benefits - Workers' Compensation Liability (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions - Asset Acquisition (Details)
Acquisitions - Assets And Liabilities (Details)
Acquisitions - Consideration (Details)
Acquisitions - Pro Forma (Details)
Asset Retirement Obligations
Asset Retirement Obligations (Tables)
Asset Retirement Obligations - Activity (Details)
Asset Retirement Obligations - Estimated Payments (Details)
Commitments And Contingencies
Commitments And Contingencies - Insurance (Details)
Commitments And Contingencies - Purchase Commitments (Details)
Common Unit-Based Compensation Plans
Common Unit-Based Compensation Plans (Tables)
Common Unit-Based Compensation Plans - Ltip Grants (Details)
Common Unit-Based Compensation Plans - Ltip Other (Details)
Common Unit-Based Compensation Plans - Serp And Directors Comp (Details)
Concentration Of Credit Risk And Major Customers
Concentration Of Credit Risk And Major Customers (Details)
Concentration Of Credit Risk And Major Customers (Tables)
Earnings Per Limited Partner Unit
Earnings Per Limited Partner Unit (Tables)
Earnings Per Limited Partner Unit - Reconciliation (Details)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Asset Allocations (Details)
Employee Benefit Plans - Assumptions (Details)
Employee Benefit Plans - Benefit Obligations, Plan Assets And Reported Amounts (Details)
Employee Benefit Plans - Defined Contribution (Details)
Employee Benefit Plans - Estimated Benefit Payments (Details)
Employee Benefit Plans - Fair Value Of Plan Assets (Details)
Employee Benefit Plans - Periodic Benefit Cost And Other Changes (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill Impairment
Goodwill Impairment (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investment
Investment (Tables)
Investment - Alldale (Details)
Investment - Kodiak (Details)
Leases
Leases (Tables)
Leases - Balance Sheet (Details)
Leases - Cash Flow (Details)
Leases - Lease Expense (Details)
Leases - Maturities (Details)
Leases - Weighted Average (Details)
Long-Lived Asset Impairments
Long-Lived Asset Impairments (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - 2025 Senior Notes (Details)
Long-Term Debt - Components (Details)
Long-Term Debt - Credit Facility (Details)
Long-Term Debt - Equipment Financing And Other (Details)
Long-Term Debt - Maturities (Details)
Long-Term Debt - Securitization Facility (Details)
Organization And Presentation
Organization And Presentation (Details)
Partners' Capital
Partners' Capital (Tables)
Partners' Capital - Distributions (Details)
Partners' Capital - Narrative (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Summary (Details)
Related-Party Transactions
Related-Party Transactions (Tables)
Related-Party Transactions - Affiliate Royalty Agreements (Details)
Related-Party Transactions - Affiliate Royalty Agreements - Craft Foundations (Details)
Related-Party Transactions - Line Of Credit (Details)
Related-Party Transactions - Wky Coalplay And Cavalier Minerals (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Disaggregation (Details)
Revenue From Contracts With Customers - Supply Contracts (Details)
Schedule I Condensed Financial Information Of Registrant
Segment Information
Segment Information (Tables)
Segment Information - Ebitda Expense Reconciliation (Details)
Segment Information - Ebitda Reconciliation (Details)
Segment Information - General (Details)
Segment Information - Segment Results (Details)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Advance Royalties (Details)
Summary Of Significant Accounting Policies - Goodwill (Details)
Summary Of Significant Accounting Policies - Intangible Assets (Details)
Summary Of Significant Accounting Policies - Leases (Details)
Summary Of Significant Accounting Policies - Tangible Assets (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Details)
Supplemental Cash Flow Information (Tables)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities - All Dale Iii (Detail)
Variable Interest Entities - Cavalier (Details)
Ticker: ARLP
CIK: 1086600
Form Type: 10-K Annual Report
Accession Number: 0001558370-22-002091
Submitted to the SEC: Fri Feb 25 2022 12:33:17 PM EST
Accepted by the SEC: Fri Feb 25 2022
Period: Friday, December 31, 2021
Industry: Bituminous Coal And Lignite Surface Mining

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