This Day On The Street
Continue to site
ADVERTISEMENT
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. Reports Twelfth Consecutive Year Of Record Operating And Financial Results, Posting New Highs For Coal Volumes, Revenues And EBITDA; Increases Quarterly Unitholder Distribution 2.1% To $1.1075 Per Unit

Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record operating and financial results for the twelfth consecutive year, as it set new benchmarks for coal sales and production volumes, revenues and EBITDA for the year ended December 31, 2012 (the "2012 Period"). Led by record coal sales volumes and pricing, revenues climbed to $2.0 billion for the 2012 Period, an increase of 10.3% compared to the year ended December 31, 2011 (the "2011 Period"). Increased revenues and record coal production contributed to higher EBITDA, which climbed to a record $581.1 million compared to $570.8 million for the 2011 Period. Net income for the 2012 Period was $335.6 million, or $6.12 per basic and diluted limited partner unit, compared to $389.4 million, or $8.13 per basic and diluted limited partner unit, for the 2011 Period. The decrease in net income for the 2012 Period is primarily due to increased depreciation, depletion and amortization as a result of our growth projects. (For a discussion of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

For the quarter ended December 31, 2012 (the "2012 Quarter"), revenues increased 15.8% to $549.4 million, compared to the quarter ended December 31, 2011 (the "2011 Quarter "). Net income and EBITDA were also higher in the 2012 Quarter, as net income increased 5.4% to $96.6 million and EBITDA increased 28.9% to $166.5 million. Although net income for the 2012 Quarter increased, net income per basic and diluted limited partner unit decreased to $1.87 per unit in the 2012 Quarter compared to $1.93 per unit for the 2011 Quarter as a result of increased incentive distributions paid to our managing general partner.

ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2012 Quarter to $1.1075 per unit (an annualized rate of $4.43 per unit), payable on February 14, 2013 to all unitholders of record as of the close of trading on February 7, 2013. The announced distribution represents a 11.9% increase over the cash distribution of $0.99 per unit for the 2011 Quarter and a 2.1% increase over the cash distribution of $1.085 per unit for the 2012 third quarter (the "Sequential Quarter").

1 of 10

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs