Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit
28 April 2023 - 9:00PM
Business Wire
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced
that the Board of Directors of ARLP’s general partner approved a
cash distribution to its unitholders for the quarter ended March
31, 2023 (the "2023 Quarter").
ARLP unitholders will receive a cash distribution for the 2023
Quarter of $0.70 per unit (an annualized rate of $2.80 per unit),
payable on May 15, 2023 to all unitholders of record as of the
close of trading on May 8, 2023. The announced distribution
represents a 100% increase over the cash distribution of $0.35 per
unit for the quarter ended March 31, 2022 and is consistent with
the cash distribution of $0.70 per unit for the quarter ended
December 31, 2022.
As previously announced, ARLP will report financial results for
the 2023 Quarter before the market opens on Tuesday, May 2, 2023
and Alliance management will discuss these results during a
conference call beginning at 11:00 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 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 13737890.
Concurrent with this announcement we are providing qualified
notice to brokers and nominees that hold ARLP units on behalf of
non-U.S. investors under Treasury Regulation Section 1.1446-4(b)
and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).
Brokers and nominees should treat one hundred percent (100%) of
ARLP’s distributions to non-U.S. investors as being attributable to
income that is effectively connected with a United States trade or
business. In addition, brokers and nominees should treat one
hundred percent (100%) of the distribution as being in excess of
cumulative net income for purposes of determining the amount to
withhold. Accordingly, ARLP’s distributions to non-U.S. investors
are subject to federal income tax withholding at a rate equal to
the highest applicable effective tax rate plus ten percent (10%).
Nominees, and not ARLP, are treated as the withholding agents
responsible for withholding on the distributions received by them
on behalf of non-U.S. investors.
About Alliance Resource Partners, L.P.
ARLP is a diversified energy company that is currently the
largest coal producer in the eastern United States, supplying
reliable, affordable energy domestically and internationally to
major utilities, metallurgical and industrial users. 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 evolving and positioning itself
as a reliable energy partner for the future by pursuing
opportunities that support the advancement of energy and related
infrastructure.
News, unit prices and additional information about ARLP,
including filings with the Securities and Exchange Commission
("SEC"), are available at www.arlp.com. For more information,
contact the investor relations department of ARLP at (918) 295-7673
or via e-mail at investorrelations@arlp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230428005068/en/
Investor Relations Contact Cary P. Marshall Senior Vice
President and Chief Financial Officer 918-295-7673
investorrelations@arlp.com
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