Alliance Resource Partners Lp (ARLP) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Alliance Resource Partners Lp
Ticker: ARLP CIK: 1086600

Exhibit 99.1

PRESS RELEASE

	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 Financial and Operating Results; Increases Quarterly Cash Distribution 14.3% to $0.50 Per Unit; Announces $100 Million Midstream Investment; and Confirms Guidance

TULSA, OKLAHOMA, July 31, 2017 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results in line with its expectations for the quarter ended June 30, 2017 (the "2017 Quarter"). Total revenues were $398.7 million in the 2017 Quarter compared to $439.2 million for the quarter ended June 30, 2016 (the "2016 Quarter"), as coal sales revenues declined due to the anticipated reduction in coal sales prices. Lower coal sales prices were offset in part by increased sales volumes and reduced operating expenses and depreciation, depletion and amortization, which led to net income attributable to ARLP for the 2017 Quarter of $63.2 million, or $0.82 per basic and diluted limited partner unit, compared to $82.7 million, or $0.82 per basic and diluted limited partner unit, for the 2016 Quarter. Results for the 2017 Quarter were also negatively impacted by a debt extinguishment loss of $8.1 million related to ARLP’s early repayment of its Series B Senior Notes in May 2017 following our high-yield bond issuance in April 2017. Excluding the impact of this loss, Adjusted EBITDA decreased to $141.1 million in the 2017 Quarter compared to $164.2 million for the 2016 Quarter. (For a definition of EBITDA, Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

As previously announced on July 28, 2017, the Board of Directors of ARLP’s managing general partner (the "Board") approved a cash distribution to unitholders for the 2017 Quarter of $0.50 per unit (an annualized rate of $2.00 per unit), payable on August 14, 2017 to all unitholders of record as of the close of trading on August 7, 2017. The announced distribution represents a 14.3% increase over the cash distributions of $0.4375 per unit for the 2016 Quarter and for the quarter ended March 31, 2016 (the "Sequential Quarter"). Assuming distributions of $0.50 per unit for the balance of the year, ARLP’s estimated distribution coverage ratio for 2017 would be 1.78 times at the midpoint of current guidance. (For a calculation of distribution coverage ratio, please see the end of this release.)

"ARLP made significant strides this quarter toward achieving its goal of enhancing long-term value for our unitholders," said Joseph W. Craft III, President and Chief Executive Officer. "ARLP’s performance for the 2017 Quarter met our expectations and, with our outlook for the second half of the year intact, we continue to believe ARLP should deliver full-year results within our existing guidance ranges. On July 19, 2017, we made an additional oil and gas midstream investment. This immediately accretive $100 million investment is consistent with ARLP’s previously stated

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The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, July 31, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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