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 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

-MORE-


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.

View differences made from one quarter to another to evaluate Alliance Resource Partners Lp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alliance Resource Partners Lp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our 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

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our 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

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account