Alliance Resource Partners (ARLP) Declares $0.4375 Quarterly Dividend; 9.9% Yield
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Alliance Resource Partners, L.P. Reports Solid Quarterly Financial and Operating Results; Maintains Quarterly Cash Distribution of $0.4375 Per Unit; Updates Guidance
July 26, 2016 7:01 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended June 30, 2016 (the "2016 Quarter"). Net income in the 2016 Quarter was $82.7 million, or $0.82 per basic and diluted limited partner unit ("EPU"), compared to $94.9 million, or $0.76 per basic and diluted limited partner unit, for the quarter ended June 30, 2015 (the "2015 Quarter"). Total revenues were $439.2 million in the 2016 Quarter compared to $604.7 million in the 2015 Quarter, as coal sales revenues declined due to lower coal sales prices and planned reductions in coal sales and production volumes.... More
