Articles from Alliance Resource Partners, L.P.
Alliance Resource Partners, L.P. Announces McDaniel Elected to Alliance Board
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP") today announced that Ronna R. McDaniel has been appointed to the Board of Directors of Alliance Resource Management GP, LLC (the “MGP”), the general partner of ARLP, effective December 11, 2024. Ms. McDaniel will also serve as a member of the Audit, Compensation and Conflicts Committees of the Board of Directors. The Board of Directors will be comprised of seven directors through the balance of 2024 and will be comprised of six directors starting January 1, 2025 on account of the previously announced retirement on December 31, 2024 of long-time director John Robinson.
By Alliance Resource Partners, L.P. · Via Business Wire · December 13, 2024
Alliance Resource Partners, L.P. to Attend Upcoming Investor Conferences
Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP” or the “Partnership”) today announced that the Partnership will attend the following investor conferences:
By Alliance Resource Partners, L.P. · Via Business Wire · December 2, 2024
Alliance Resource Partners, L.P. Announces Issuance of WARN Act Notice at Excel Mining, LLC
Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP” or the “Partnership”) announced today that its subsidiary, Excel Mining, LLC (“Excel”), issued Worker Adjustment and Retraining Notification (“WARN”) Act notices to all of its approximately 280 employees of the MC Mining Complex in Pike County, Kentucky.
By Alliance Resource Partners, L.P. · Via Business Wire · November 15, 2024
Alliance Resource Partners, L.P. Reports Third Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Updates Committed & Priced Sales Tons
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the three and nine months ended September 30, 2024 (the "2024 Quarter" and "2024 Period," respectively). This release includes comparisons of results to the three and nine months ended September 30, 2023 (the "2023 Quarter" and "2023 Period," respectively) and to the quarter ended June 30, 2024 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.
By Alliance Resource Partners, L.P. · Via Business Wire · October 28, 2024
Alliance Resource Partners, L.P. Announces Third Quarter 2024 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its third quarter 2024 financial results before the market opens on Monday, October 28, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · October 14, 2024
CORRECTING and REPLACING Alliance Resource Partners, L.P. Reports Second Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Updates 2024 Guidance
In the Condensed Consolidated Statements of Income and Operating Data table the figure for INCOME FROM OPERATIONS for the Three Months Ended June 2023 should read: 183,929 (instead of 10183,929).
By Alliance Resource Partners, L.P. · Via Business Wire · July 29, 2024
Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit; Announces Robinson Retirement from Alliance Board, Vining Election to Alliance Board, and Watson promotion to Senior Vice President
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP's general partner ("Board of Directors") approved a cash distribution to its unitholders for the quarter ended June 30, 2024 (the "2024 Quarter").
By Alliance Resource Partners, L.P. · Via Business Wire · July 26, 2024
Alliance Resource Partners, L.P. Announces Second Quarter 2024 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its second quarter 2024 financial results before the market opens on Monday, July 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · July 15, 2024
Alliance Resource Partners, L.P. Announces Pricing of $400 Million Private Offering of Senior Notes
Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP”) announced today that Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of ARLP, and Alliance Resource Finance Corporation, AROP’s wholly owned subsidiary, priced the previously announced private placement of $400 million in aggregate principal amount of 8.625% senior unsecured notes due 2029 (the “New Notes”). The New Notes will be issued at par. The offering is expected to close on or about June 12, 2024, subject to customary closing conditions.
By Alliance Resource Partners, L.P. · Via Business Wire · May 29, 2024
Alliance Resource Partners, L.P. Announces Private Offering of Senior Notes
Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP”) announced today that Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of ARLP, and AROP’s wholly owned subsidiary, Alliance Resource Finance Corporation, subject to market conditions, intend to offer $400 million in aggregate principal amount of senior unsecured notes due 2029 (the “New Notes”) in a private placement to eligible purchasers.
By Alliance Resource Partners, L.P. · Via Business Wire · May 29, 2024
Alliance Resource Partners, L.P. Reports Solid First Quarter Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit and Reiterates 2024 Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2024 (the "2024 Quarter"). This release includes comparisons of results to the quarter ended March 31, 2023 (the "2023 Quarter") and to the quarter ended December 31, 2023 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.
By Alliance Resource Partners, L.P. · Via Business Wire · April 29, 2024
Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP’s general partner approved a cash distribution to its unitholders for the quarter ended March 31, 2024 (the "2024 Quarter").
By Alliance Resource Partners, L.P. · Via Business Wire · April 26, 2024
Alliance Resource Partners, L.P. Announces First Quarter 2024 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2024 financial results before the market opens on Monday, April 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · April 15, 2024
Alliance Resource Partners, L.P. Names Steven Schnitzer Senior Vice President, General Counsel and Secretary
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP's legal activities.
By Alliance Resource Partners, L.P. · Via Business Wire · February 27, 2024
Alliance Resource Partners, L.P. Reports Record Full Year 2023 Revenue and Net Income; Declares Quarterly Cash Distribution of $0.70 Per Unit; and Provides 2024 Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter and full year ended December 31, 2023 (the "2023 Quarter" and "2023 Full Year"). This release includes comparisons of results to the quarter and year ended December 31, 2022 (the "2022 Quarter" and "2022 Full Year", respectively), as well as the quarter ended September 30, 2023 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.
By Alliance Resource Partners, L.P. · Via Business Wire · January 29, 2024
Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP’s general partner approved a cash distribution to its unitholders for the quarter ended December 31, 2023 (the "2023 Quarter").
By Alliance Resource Partners, L.P. · Via Business Wire · January 26, 2024
Alliance Resource Partners, L.P. Announces Fourth Quarter 2023 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its fourth quarter 2023 financial results before the market opens on Monday, January 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · January 15, 2024
Alliance Resource Partners, L.P. to Participate in Noble Capital Markets 19th Annual Emerging Growth Equity Conference
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Company will attend the NobleCon19 - Noble Capital Markets 19th Annual Emerging Growth Equity Conference in Boca Raton, FL on Monday, December 4, 2023.
By Alliance Resource Partners, L.P. · Via Business Wire · November 28, 2023
Alliance Resource Partners, L.P. Reports Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit; Completes $50 Million in New Ventures Investments; and Updates Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter ended September 30, 2023 (the "2023 Quarter"). Total revenues in the 2023 Quarter increased slightly to $636.5 million compared to $632.5 million for the quarter ended September 30, 2022 (the "2022 Quarter") primarily as a result of higher transportation and other revenues, partially offset by lower oil & gas royalties. Net income for the 2023 Quarter was $153.7 million, or $1.18 per basic and diluted limited partner unit, compared to $167.7 million, or $1.25 per basic and diluted limited partner unit, for the 2022 Quarter as a result of increased total operating expenses, partially offset by higher interest income and lower income tax expense. EBITDA for the 2023 Quarter was $227.6 million compared to $253.8 million in the 2022 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP.")
By Alliance Resource Partners, L.P. · Via Business Wire · October 27, 2023
Alliance Resource Partners, L.P. Announces Third Quarter 2023 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its third quarter 2023 financial results before the market opens on Friday, October 27, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · October 13, 2023
Alliance Resource Partners, L.P. Announces $25 Million Strategic Investment in Ascend Elements
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") announced today that it has invested $25 million in Ascend Elements, Inc. ("Ascend Elements"), a U.S.-based manufacturer and recycler of sustainable, engineered battery materials for electric vehicles, as part of its $460 million Series D funding round. This capital, combined with $480 million in total grants awarded by the Department of Energy, will advance construction of North America's first commercial-scale manufacturing facility, located near Hopkinsville, Kentucky, producing cathode materials for electric vehicle batteries.
By Alliance Resource Partners, L.P. · Via Business Wire · September 6, 2023
Alliance Resource Partners, L.P. Reports Increased Financial and Operating Results; Declares Quarterly Cash Distribution of $0.70 Per Unit; and Updates 2023 Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today reported increased financial and operating results for the quarter ended June 30, 2023 (the "2023 Quarter") compared to the quarter ended June 30, 2022 (the "2022 Quarter"). Total revenues in the 2023 Quarter increased 3.5% to $641.8 million compared to $619.9 million for the 2022 Quarter driven primarily by higher coal sales price per ton, which rose by 5.7%, partially offset by lower oil & gas royalty prices. Increased revenues, partially offset by higher total operating expenses, led to net income for the 2023 Quarter of $169.8 million, or $1.30 per basic and diluted limited partner unit, compared to $163.5 million, or $1.23 per basic and diluted limited partner unit, for the 2022 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP.")
By Alliance Resource Partners, L.P. · Via Business Wire · July 31, 2023
Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP’s general partner approved a cash distribution to its unitholders for the quarter ended June 30, 2023 (the "2023 Quarter").
By Alliance Resource Partners, L.P. · Via Business Wire · July 28, 2023
Alliance Resource Partners, L.P. Announces Second Quarter 2023 Earnings Conference Call
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its second quarter 2023 financial results before the market opens on Monday, July 31, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
By Alliance Resource Partners, L.P. · Via Business Wire · July 17, 2023
Alliance Resource Partners, L.P. Announces Partial Redemption of 7.500% Senior Notes Due 2025
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that it will redeem $50.0 million in aggregate principal amount of its 7.500% Senior Notes due 2025 (the "Notes"), representing 12.5% of the $400.0 million in aggregate principal amount of Notes originally issued and approximately 14.7% of the $339.2 million in aggregate principal amount of Notes currently outstanding, on July 25, 2023, the redemption date for the Notes.
By Alliance Resource Partners, L.P. · Via Business Wire · June 16, 2023