Alliance Resource Partners, L.P. Increases First Quarter 2019 Unitholder Distribution to $0.535 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the
Board of Directors of ARLP’s general partner approved an increased cash
distribution to its unitholders for the quarter ended March 31, 2019
(the "2019 Quarter").
ARLP unitholders will receive a cash distribution for the 2019 Quarter
of $0.535 per unit (an annualized rate of $2.14 per unit), payable on
May 15, 2019 to all unitholders of record as of the close of trading on
May 8, 2019. The announced distribution represents a 3.9% increase over
the cash distribution declared of $0.515 for the quarter ended March 31,
2018 and a 0.9% increase over the cash distribution declared of $0.53
for the quarter ended December 31, 2018.
As previously announced, ARLP will report financial results for the 2019
Quarter before the market opens on Monday, April 29, 2019 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. 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.
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
10130398.
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 natural resource company that generates income
from coal production and oil and gas mineral interests located in
strategic producing regions across the United States.
ARLP generates income from coal produced at eight mining complexes it
currently operates in Illinois, Indiana, Kentucky, Maryland and West
Virginia. ARLP also operates a coal loading terminal on the Ohio River
at Mount Vernon, Indiana. ARLP markets its coal production to major
domestic and international utilities and industrial users and is
currently the second largest coal producer in the eastern United States.
ARLP generates royalty income from mineral interests it owns in premier
oil and gas producing regions in the United States, primarily the
Anadarko, Permian, Williston and Appalachian basins.
In addition, ARLP also generates income from a variety of other sources.
News, unit prices and additional information about ARLP, including
filings with the Securities and Exchange Commission ("SEC"), are
available at http://www.arlp.com.
For more information, contact the investor relations department of ARLP
at (918) 295-7674 or via e-mail at investorrelations@arlp.com.
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