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 1.0% to $0.505 Per Unit;  and Confirms Guidance

 

TULSA, OKLAHOMA, October 30, 2017 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended September 30, 2017 (the "2017 Quarter").  Total revenues were $453.2 million in the 2017 Quarter compared to $552.1 million for the quarter ended September 30, 2016 (the "2016 Quarter"), as coal sales revenues declined due to reduced coal sales volumes and prices.  Primarily as a result of lower revenues, net income attributable to ARLP for the 2017 Quarter declined to $61.3 million, or $0.52 per basic and diluted limited partner unit, compared to $89.8 million, or $0.91 per basic and diluted limited partner unit, for the 2016 Quarter.  EBITDA in the 2017 Quarter of $142.2 million was also lower compared to $199.3 million in the 2016 Quarter.  (For a definition of EBITDA and related reconciliations to comparable GAAP financial measures

 and actual and pro forma earnings per basic and diluted limited partner unit reflecting the exchange transaction announced in our July 28, 2017 press release as if it had occurred on January 1, 2016, please see the end of this release.)

 

As previously announced on October 27, 2017, the Board of Directors of ARLP’s general partner (the "Board") increased the cash distribution to unitholders for the 2017 Quarter to $0.505 per unit (an annualized rate of $2.02 per unit), payable on November 14, 2017 to all unitholders of record as of the close of trading on November 7, 2017.  The announced distribution represents a 15.4% increase over the cash distribution of $0.4375 per unit for the 2016 Quarter and a  1.0% increase over the cash distribution of $0.50 per unit for the quarter ended June 30, 2017 (the "Sequential Quarter").

 

"Coal sales volume and revenue in the 2017 Quarter came in above expectations, reducing our inventories 1.1 million tons from the Sequential Quarter.  ARLP’s overall results fell short of our expectations, however, due to adverse geological conditions encountered at the Hamilton mine following a longwall move midway through the quarter" said Joseph W. Craft III, President and Chief Executive Officer.  "With the Hamilton mine recently returning to planned production levels, our solid year-to-date performance and expectations for a heavy shipping schedule over the balance of the year, we believe ARLP’s 2017 annual results will finish in line with our previous guidance ranges. Considering our performance to date, conservative balance sheet and current expectations for attractive cash flows in the future, ARLP is positioned to continue increasing distributions to our unitholders on a quarterly basis."

 

-MORE-


The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, October 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-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