Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit
29 January 2025 - 8:50AM
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 December
31, 2024 (the "2024 Quarter").
ARLP unitholders of record as of the close of trading on
February 7, 2025 will receive a cash distribution for the 2024
Quarter of $0.70 per unit (an annualized rate of $2.80 per unit),
payable on February 14, 2025. The announced distribution is
consistent with the cash distributions of $0.70 per unit for the
quarters ended December 31, 2023 and September 30, 2024.
As previously announced, ARLP will report financial results for
the 2024 Quarter before the market opens on Monday, February 3,
2025 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 "Investors" 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 13750955.
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
second 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/20250128421549/en/
Investor Relations Contact
Cary P. Marshall Senior Vice President and Chief Financial
Officer 918-295-7673 investorrelations@arlp.com
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