Alliance Resource Partners Lp (ARLP) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

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 Increased Financial and Operating Results; Raises Quarterly Cash Distribution to $0.525 Per Unit; and Updates Guidance

TULSA, OKLAHOMA, October 29, 2018 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended September 30, 2018 (the "2018 Quarter"). Led by higher revenues and investment income, net income attributable to ARLP increased 20.3% to $73.7 million for the 2018 Quarter, compared to $61.3 million for the three months ended September 30, 2017 (the "2017 Quarter"). Strong coal sales volumes in the 2018 Quarter drove total revenues higher to $497.8 million, an increase of 9.8% compared to the 2017 Quarter. Net income attributable to ARLP per basic and diluted limited partner unit was $0.55 for the 2018 Quarter compared to $0.52 for the 2017 Quarter as higher net income was partially offset by increased weighted-average common units outstanding due to the issuance of additional common units pursuant to the July 2017 Exchange Transaction. EBITDA also increased 8.3% in the 2018 Quarter to $154.0 million compared to $142.2 million in the 2017 Quarter. (For a definition of EBITDA and related reconciliation to comparable GAAP financial measures, please see the end of this release. For actual and pro forma earnings per basic and diluted limited partner unit reflecting the Simplification and Exchange Transactions as if the transactions had occurred on January 1, 2017, please see the end of this release.)

As previously announced on October 26, 2018, the Board of Directors of ARLP's general partner (the "Board") increased the cash distribution to unitholders for the 2018 Quarter to $0.525 per unit (an annualized rate of $2.10 per unit), payable on November 14, 2018 to all unitholders of record as of the close of trading on November 7, 2018. The announced distribution represents a 4.0% increase over the cash distribution of $0.505 per unit for the 2017 Quarter and a 1.0% increase over the cash distribution of $0.52 per unit for the quarter ended June 30, 2018 (the "Sequential Quarter").

"ARLP delivered strong results for the 2018 Quarter, posting increases to all major operating and financial metrics," said Joseph W. Craft III, President and Chief Executive Officer. "In addition to delivering solid performance, we also continued to position ARLP for long term success. Taking advantage of positive fundamentals in the domestic and international coal markets, our operations increased production compared to the 2017 and Sequential Quarters and our marketing team strengthened ARLP’s coal contract book by securing new commitments for approximately 11.1 million tons to be delivered through 2021, including 4.9 million tons for export through 2019."

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The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, October 29, 2018 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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