Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1086600/000119312510042724/d10k.htm
Exhibit 99.1
PRESS RELEASE
![]() |
CONTACT: | |||
Brian L. Cantrell | ||||
Alliance Resource Partners, L.P. | ||||
1717 South Boulder Avenue, Suite 400 | ||||
Tulsa, Oklahoma 74119 | ||||
(918) 295-7673 |
FOR IMMEDIATE RELEASE
ALLIANCE RESOURCE PARTNERS, L.P.
Reports Record Annual Financial Results, Including 43.2% Increase to 2009 Net Income, and Strong Quarterly Financial Results, with Net Income Up 65.8% in the 2009 Fourth Quarter; Increases Quarterly Cash Distribution 2.0% to $0.775 Per Unit; and Provides Guidance for Continued Growth in 2010
TULSA, OKLAHOMA, January 27, 2010 Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported records for revenues, EBITDA and net income for the year ended December 31, 2009 (the 2009 Period). Revenues for the 2009 Period rose 6.4% to a record $1.23 billion, compared to the year ended December 31, 2008 (the 2008 Period). EBITDA and net income also reached record levels in the 2009 Period, as EBITDA increased 32.0% to $340.4 million and net income jumped 43.2% to $192.2 million, or $3.56 of net income per basic and diluted limited partner unit, both as compared to the 2008 Period. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
ARLP also announced that, for the seventh consecutive quarter, the Board of Directors of its managing general partner increased the cash distribution to unitholders for the quarter ended December 31, 2009 (the 2009 Quarter) to $0.775 per unit (an annualized rate of $3.10 per unit), payable on February 12, 2010 to all unitholders of record as of the close of trading on February 5, 2010. The announced distribution represents an 8.4% increase over the cash distribution of $0.715 for the quarter ended December 31, 2008 (the 2008 Quarter) and a 2.0% increase over the cash distribution of $0.76 for the 2009 third quarter.
For the ninth consecutive year, ARLP posted new records for revenues, EBITDA and net income all against a backdrop of unprecedented economic decline and turmoil in the coal markets, said Joseph W. Craft III, President and Chief Executive Officer. I congratulate our organization for not only responding to the challenges we faced by delivering outstanding results in 2009, but also for positioning ARLP for future growth by strengthening our customer base and long-term sales contract position, reducing costs, bringing our new River View mine into production and progressing with development of our Tunnel Ridge mine. As demonstrated by these efforts, we remain focused on achieving ARLPs primary goal of creating opportunities for sustainable growth in cash flow to provide strong distribution growth to our unitholders in the future.
-MORE-
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Alliance Resource Partners Lp.
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1086600/000119312510042724/d10k.htm
Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.
ContinueRead positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.
ContinueRemove data columns and navigations in order to see much more filing content and tables in one view
ContinueRead both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q
ContinueExport Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis
ContinueGet one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports
Continue for FREEOur Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not
ContinueOur Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity
ContinueSee how over 70
Growth, Profitability and Financial Ratios perform over 10 Years