Alliance Resource Partners, L.P. Increases First Quarter 2019 Unitholder Distribution to $0.535 Per Unit
April 26 2019 - 4:15PM
Business Wire
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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version on businesswire.com: https://www.businesswire.com/news/home/20190426005570/en/
Brian L. CantrellAlliance Resource Partners, L.P.(918)
295-7673
Alliance Resource Partners (NASDAQ:ARLP)
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