Alliance Resource Partners LP (ARLP)

[Pisd]

"...Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended March 31, 2018 (the "2018 Quarter"). Net income attributable to ARLP for the 2018 Quarter increased 48.6% to $155.9 million, or $1.16 per basic and diluted limited partner unit, compared to $104.9 million, or $1.10 per basic and diluted limited partner unit, for the quarter ended March 31, 2017 (the "2017 Quarter"). The results in the 2018 Quarter included an $80 million gain on settlement of litigation. EBITDA also increased 28.7% in the 2018 Quarter to $228.7 million compared to $177.7 million in the 2017 Quarter. Adjusted EBITDA, which excludes the impact of the settlement gain, decreased to $148.7 million in the 2018 Quarter compared to $177.7 million for the 2017 Quarter. Delayed coal shipments due to weather-related transportation disruptions in the 2018 Quarter led total revenues lower to $457.1 million, slightly below total revenues in the 2017 Quarter. (For a definition of EBITDA, Adjusted EBITDA and related reconciliations to comparable GAAP financial measures and actual and pro forma earnings per basic and diluted limited partner unit reflecting the exchange transaction announced in our July 28, 2017 press release as if it had occurred on January 1, 2017, please see the end of this release.)

As previously announced on April 27, 2018, the Board of Directors of ARLP’s general partner increased the cash distribution to unitholders for the 2018 Quarter to $0.515 per unit (an annualized rate of $2.06 per unit), payable on May 15, 2018 to all unitholders of record as of the close of trading on May 8, 2018. The announced distribution represents a 17.7% increase over the cash distribution of $0.4375 per unit for the 2017 Quarter and a 1.0% increase over the cash distribution of $0.51 per unit for the quarter ended December 31, 2017 (the "Sequential Quarter")..."

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https://ih.advfn.com/p.php?pid=nmona&article=77296221