Exhibit 99.1

 

PRESS RELEASE

 

Picture 1

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 Strong Financial and Operating Results, Including Increased Quarterly and Annual Net Income and EBITDA; Maintains Quarterly Cash Distribution of $0.4375 Per Unit; and Provides Initial 2017 Guidance

 

TULSA, OKLAHOMA, January 30, 2017 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter and year ended December 31, 2016 (the "2016 Quarter" and the "2016 Year", respectively).  Led by increased coal sales volumes and significantly lower operating expenses, net income for the 2016 Quarter increased to $119.6 million, or $1.30 per basic and diluted limited partner unit ("EPU"), compared to $21.5 million, or $(0.19) per EPU, for the quarter ended December 31, 2015 (the "2015 Quarter").  EBITDA increased to $208.9 million in the 2016 Quarter, a jump of 74.1% compared to $120.0 million in the 2015 Quarter.  Comparative results for net income and EBITDA between the 2016 and 2015 Quarters also reflect the net negative impact of $66.9 million of non-cash items incurred during the 2015 Quarter, which are discussed in more detail below.  Excluding these non-cash items from the 2015 Quarter, ARLP’s Adjusted net income and Adjusted EBITDA for the 2016 Quarter exceeded the 2015 Quarter by 35.3% and 11.8%, respectively.  (Consolidated net income includes earnings and losses attributable to both ARLP and non-controlling interests.  Unless otherwise noted, any reference to net income in this release represents net income attributable to ARLP.  For a definition of Adjusted net income, EBITDA, Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

 

ARLP’s financial performance for the 2016 Quarter also improved compared to the quarter ended September 30, 2016 (the "Sequential Quarter").  Lower operating expenses for the Partnership during the 2016 Quarter, helped drive net income higher by 33.2% and EBITDA up by 17.0%, in each case compared to the Sequential Quarter. Led by higher production and sales volumes from our Hamilton longwall operation, Segment Adjusted EBITDA Expense per ton dropped 19.3% in the Illinois Basin segment compared to the Sequential Quarter.  (For a definition of Segment Adjusted EBITDA Expense per ton and related reconciliation to comparable GAAP financial measures, please see the end of this release.)

 

Net income for the 2016 Year rose 10.8% to $339.4 million, or $3.39 per EPU, compared to $306.2 million, or $2.11 per EPU for the year ended December 31, 2015 (the "2015 Year").  Total revenues were $1.93 billion in the 2016 Year compared to $2.27 billion in the 2015 Year, as coal sales

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The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, January 30, 2017 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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