Alliance Resource Partners (ARLP) Lowers Quarterly Dividend 35.2% to $0.4375; 11.9% Yield
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Alliance Resource Partners, L.P. Reports Quarterly Financial and Operating Results; Declares Quarterly Cash Distribution of $0.4375 Per Unit; Affirms Guidance
April 26, 2016 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended March 31, 2016 (the "2016 Quarter"). Net income in the 2016 Quarter was $47.3 million, or $0.36 per basic and diluted limited partner unit, compared to $106.5 million, or $0.92 per basic and diluted limited partner unit, for the quarter ended March 31, 2015 (the "2015 Quarter"). Total revenues were $412.8 million in the 2016 Quarter compared to $560.4 million in the 2015 Quarter, primarily resulting from planned reductions in coal sales and production volumes and lower other sales and operating revenues following our acquisition... More
Alliance Holdings GP, L.P. Reports Quarterly Financial Results; Declares Quarterly Distribution of $0.55 Per Unit
April 26, 2016 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Board of Directors of its general partner (the "Board") approved a distribution to unitholders for the quarter ended March 31, 2016 (the "2016 Quarter") of $0.55 per unit, or an annualized rate of $2.20 per unit compared to a quarterly cash distribution of $0.9375 per unit for the quarter ended March 31, 2015 (the "2015 Quarter") and $0.96 per unit for the quarter ended December 31, 2015. The current declared distribution is payable on May 20, 2016 to AHGPs unitholders of record as of the close of trading on May 13, 2016.
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