Alliance Resource Partners Lp (ARLP) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Earnings Press Release
10-K Annual Report
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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 Annual Increases to Revenues, Net Income, EBITDA and Coal Production and Record Coal Sales Volumes; Increases Quarterly Cash Distribution 1.0% to $0.53 Per Unit; and Provides Initial 2019 Guidance

TULSA, OKLAHOMA, January 28, 2019 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the year and quarter ended December 31, 2018 (the "2018 Year" and "2018 Quarter", respectively).

For the 2018 Year, on the strength of record coal sales volumes and higher coal sales prices, total revenues increased 11.5% to $2.0 billion compared to the year ended December 31, 2017 (the "2017 Year"). Net income attributable to ARLP increased 20.7% to $366.6 million for the 2018 Year, compared to $303.6 million for the 2017 Year. Net income attributable to ARLP per basic and diluted limited partner unit was $2.74 for the 2018 Year compared to $2.80 for the 2017 Year as higher net income was offset by increased weighted-average common units outstanding due to the issuance of additional common units pursuant to the July 2017 Exchange Transaction. EBITDA increased 12.2% in the 2018 Year to $686.9 million compared to $612.1 million in the 2017 Year.

For the 2018 Quarter, $40.5 million of non-cash asset impairment charges negatively impacted earnings. Absent these charges (discussed in more detail below), the 2018 Quarter financial results compared favorably to both the quarter ended December 31, 2017 (the "2017 Quarter") and the quarter ended September 30, 2018 (the "Sequential Quarter"). Increased coal sales volumes and prices in the 2018 Quarter led ARLP's revenues higher by 10.1% to $531.8 million compared to $483.2 million for the 2017 Quarter. The asset impairment charges contributed to a 31.6% decrease in net income attributable to ARLP for the 2018 Quarter to $50.8 million, or $0.38 per basic and diluted limited partner unit, compared to $74.2 million, or $0.55 per basic and diluted limited partner unit, for the 2017 Quarter. EBITDA also decreased 14.7% to $136.4 million in the 2018 Quarter compared to $159.8 million for 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.)

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The following information was filed by Alliance Resource Partners Lp (ARLP) on Monday, January 28, 2019 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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