Alliance Resource Partners, L.P. & Alliance Holdings GP, L.P. Increase First Quarter 2018 Unitholder Distribution 1.0% at ARL...
April 27 2018 - 4:15PM
Business Wire
Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance
Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Boards of
Directors of ARLP’s general partner and AHGP’s general partner
approved an increased cash distribution to their respective
unitholders for the quarter ended March 31, 2018 (the "2018
Quarter").
ARLP unitholders will receive a cash distribution for the 2018
Quarter of $0.515 per unit (an annualized rate of $2.06 per unit),
payable on May 15, 2018 to all unitholders of record as of the
close of trading on May 8, 2018. The announced distribution
represents a 17.7% increase over the cash distribution declared of
$0.4375 for the quarter ended March 31, 2017 (the "2017 Quarter")
and a 1.0% increase over the cash distribution declared of $0.51
for the quarter ended December 31, 2017 (the "Sequential
Quarter").
AHGP unitholders will receive a cash distribution for the 2018
Quarter of $0.7475 per unit (an annualized rate of $2.99 per unit),
payable on May 18, 2018 to all unitholders of record as of the
close of trading on May 11, 2018. The announced distribution
represents a 35.9% increase over the cash distribution declared of
$0.55 for the 2017 Quarter and a 0.7% increase over the cash
distribution declared of $0.7425 for the Sequential Quarter.
As previously announced, ARLP and AHGP will report financial
results for the 2018 Quarter before the market opens on Monday,
April 30, 2018 and Alliance management will discuss these results
during a conference call beginning at 10:00 a.m. Eastern that same
day.
To participate in the conference call, dial (877) 506-1589 and
request to be connected to the Alliance Resource Partners, L.P. and
Alliance Holdings GP, L.P. earnings conference call. Canadian
callers should dial (855) 669-9657 and all other International
callers should dial (412) 317-5240 and request to be connected to
the same call. Investors may also listen to the call via the
“investor information” section of ARLP’s website at
http://www.arlp.com or AHGP’s website at http://www.ahgp.com.
An audio replay of the conference call will be available for
approximately one week. To access the audio replay, dial US Toll
Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll
Free (855) 669-9658 and request to be connected to replay access
code 10118635.
This announcement is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b), with 100% of the
partnership’s distributions to foreign investors attributable to
gross income, gain or loss that is effectively connected with a
United States trade or business. Accordingly, ARLP’s distributions
to foreign investors are subject to federal income tax withholding
at the highest applicable tax rate.
About Alliance Resource Partners, L.P.
ARLP is a diversified producer and marketer of coal to major
United States utilities and industrial users. ARLP, the nation’s
first publicly traded master limited partnership involved in the
production and marketing of coal, is currently the second largest
coal producer in the eastern United States with mining operations
in the Illinois Basin and Appalachian coal producing regions.
ARLP currently operates eight mining complexes in Illinois,
Indiana, Kentucky, Maryland and West Virginia as well as a coal
loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP
also generates income from a variety of other sources, including
investments in oil and gas mineral interests and gas compression
services.
News, unit prices and additional information about ARLP,
including filings with the Securities and Exchange Commission, are
available at http://www.arlp.com. For more information, contact the
investor relations department of Alliance Resource Partners, L.P.
at (918) 295-7674 or via e-mail at investorrelations@arlp.com.
About Alliance Holdings GP, L.P.
AHGP is a limited partnership formed to own and control ARLP's
general partner through which it holds a non-economic general
partner interest in ARLP and an approximate one percent general
partner interest in ARLP's operating subsidiary, Alliance Resource
Operating Partners, L.P. In addition, AHGP owns 87,188,338 common
units of ARLP.
News, unit prices and additional information about AHGP
including filings with the Securities and Exchange Commission, are
available at http://www.ahgp.com. For more information, contact the
investor relations department of Alliance Holdings GP, L.P. at
(918) 295-1415 or via e-mail at investorrelations@ahgp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180427005708/en/
Alliance Holdings GP, L.P.Alliance Resource Partners,
L.P.Brian L. Cantrell, 918-295-7673
Alliance Holdings GP, L.P. Representing Limited Partner Interests (delisted) (NASDAQ:AHGP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Alliance Holdings GP, L.P. Representing Limited Partner Interests (delisted) (NASDAQ:AHGP)
Historical Stock Chart
From Aug 2023 to Aug 2024