Alliance Resource Partners, L.P. Increases Quarterly Distribution to $0.50 Per Unit
28 October 2022 - 10:00PM
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 September 30, 2022 (the "2022 Quarter").
ARLP unitholders will receive a cash distribution for the 2022
Quarter of $0.50 per unit (an annualized rate of $2.00 per unit),
payable on November 14, 2022 to all unitholders of record as of the
close of trading on November 7, 2022. The announced distribution
represents a 150.0% increase over the cash distribution of $0.20
per unit for the quarter ended September 30, 2021 and a 25.0%
increase over the cash distribution of $0.40 per unit for the
quarter ended June 30, 2022.
As previously announced, ARLP will report financial results for
the 2022 Quarter before the market opens on Monday, October 31,
2022 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) 407-0784 and
request to be connected to the Alliance Resource Partners, L.P.
earnings conference call. International callers should dial (201)
689-8560 and request to be connected to the same call. Investors
may also listen to the call via the “investor relations” 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 U.S. Toll
Free (844) 512-2921; International Toll (412) 317-6671 and request
to be connected to replay using access code 13733069.
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 energy company that is currently the
largest coal producer in the eastern United States. ARLP also
generates operating and royalty income from mineral interests it
owns in strategic coal and oil & gas producing regions in the
United States. In addition, ARLP is positioning itself as an energy
provider for the future by leveraging its core technology and
operating competencies to make strategic investments in the
fast-growing energy and infrastructure transition.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221028005063/en/
Brian L. Cantrell Alliance Resource Partners, L.P. (918)
295-7673
Alliance Resource Partners (NASDAQ:ARLP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alliance Resource Partners (NASDAQ:ARLP)
Historical Stock Chart
From Apr 2023 to Apr 2024