This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alliance Resource Partners, L.P.: Another Quarter Of Record Revenues, EBITDA And Net Income Keep ARLP On Track For Eleventh Consecutive Year Of Record Financial Performance; Quarterly Cash Distribution Increased 3.5% To $0.955 Per Unit

Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record financial results for the quarter ended September 30, 2011 (the "2011 Quarter"). Record coal sales volumes and pricing drove revenues in the 2011 Quarter to a record $487.7 million, an increase of 18.8% compared to the quarter ended September 30, 2010 (the “2010 Quarter”). ARLP also posted records in the 2011 Quarter for EBITDA, which increased 28.0% to $152.8 million; net income, which climbed 42.2% to $104.1 million; and net income per basic and diluted partner unit, which increased 45.9% to $2.16 per unit, each as compared to the 2010 Quarter. (For a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).

ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2011 Quarter to $0.955 per unit (an annualized rate of $3.82 per unit), payable on November 14, 2011 to all unitholders of record as of the close of trading on November 7, 2011. The announced distribution represents a 15.1% increase over the cash distribution of $0.83 per unit for the 2010 Quarter and a 3.5% increase over the cash distribution of $0.9225 per unit for the second quarter of 2011 (the “Sequential Quarter”).

"ARLP enjoyed another strong quarter on several fronts," said Joseph W. Craft III, President and Chief Executive Officer. "In addition to posting record financial results, ARLP also continued to build for the future. During the quarter, we sold approximately 28.4 million tons of coal to be delivered over the next five years. We also completed the recently announced transactions with White Oak Resources and began construction of the new Gibson South mine. With record setting performance to date, a solid sales contract portfolio and significant growth on the horizon, ARLP was once again able to deliver another distribution increase to our unitholders."

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs