Exhibit 99.1

 

PRESS RELEASE

 

GRAPHIC

FOR IMMEDIATE RELEASE

CONTACT:

Brian L. Cantrell

Alliance Resource Partners, L.P.

1717 South Boulder Avenue, Suite 400

Tulsa, Oklahoma 74119

(918) 295-7673

 

ALLIANCE RESOURCE PARTNERS, L.P.

Reports Record Annual Operating and Financial Results As Net Income Increases 17.3% for 2013; Increases Quarterly Unitholder Distribution 1.9% to $1.1975 Per Unit; and Provides Guidance for 2014

 

TULSA, OKLAHOMA, January 28, 2014 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record operating and financial results, as it set new annual benchmarks for coal sales and production volumes, revenues, net income and EBITDA for the year ended December 31, 2013 (the “2013 Year”).  On the strength of record coal sales volumes, revenues climbed to a record $2.2 billion for the 2013 Year, an increase of 8.4% compared to the year ended December 31, 2012 (the “2012 Year”).  Higher revenues contributed to record EBITDA of $685.9 million for the 2013 Year, an increase of 18.0% compared to the 2012 Year.  Net income was also higher in the 2013 Year, increasing 17.3% to a record $393.5 million, or $7.26 per basic and diluted unit.  (For a discussion of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

 

For the quarter ended December 31, 2013 (the “2013 Quarter”), revenues increased 3.1% to a record $566.7 million, compared to the quarter ended December 31, 2012 (the “2012 Quarter”).  Net income and EBITDA were also higher in the 2013 Quarter, as net income increased 2.7% to $99.3 million, or $1.85 per basic and diluted limited partner unit, and EBITDA increased 5.6% to $175.9 million.

 

ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2013 Quarter to $1.1975 per unit (an annualized rate of $4.79 per unit), payable on February 14, 2014 to all unitholders of record as of the close of trading on February 7, 2014.  The announced distribution represents an 8.1% increase over the cash distribution of $1.1075 per unit for the 2012 Quarter and a 1.9% increase over the cash distribution of $1.175 per unit for the 2013 third quarter (the “Sequential Quarter”).

 

“For the thirteenth consecutive year, ARLP posted record results and set new annual benchmarks in 2013 for our major operating and financial measures,” said Joseph W. Craft III, President and Chief Executive Officer.  “These superior results reflect the exceptional capabilities and execution of our employees and I want to thank the entire Alliance team for their individual contributions to our success.  Looking ahead, market dynamics continue to favor the Illinois Basin and Northern Appalachia coal markets and we remain encouraged that our strategy of expanding ARLP’s presence as a low-cost operator in these regions will create growth opportunities in the future.

 

-MORE-

 


The following information was filed by Alliance Resource Partners Lp (ARLP) on Tuesday, January 28, 2014 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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