Articles from Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter and full year ended December 31, 2024 (the "2024 Quarter" and "2024 Full Year"). This release includes comparisons of results to the quarter and year ended December 31, 2023 (the "2023 Quarter" and "2023 Full Year", respectively), as well as the quarter ended September 30, 2024 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of Adjusted EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.

Alliance Resource Partners, L.P. (NASDAQARLP) 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").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its fourth quarter 2024 financial results before the market opens on Monday, February 3, 2025. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP") today announced that Ronna R. McDaniel has been appointed to the Board of Directors of Alliance Resource Management GP, LLC (the “MGP”), the general partner of ARLP, effective December 11, 2024. Ms. McDaniel will also serve as a member of the Audit, Compensation and Conflicts Committees of the Board of Directors. The Board of Directors will be comprised of seven directors through the balance of 2024 and will be comprised of six directors starting January 1, 2025 on account of the previously announced retirement on December 31, 2024 of long-time director John Robinson.

Alliance Resource Partners, L.P. (NASDAQARLP) (“ARLP” or the “Partnership”) today announced that the Partnership will attend the following investor conferences:

Alliance Resource Partners, L.P. (NASDAQARLP) (“ARLP” or the “Partnership”) announced today that its subsidiary, Excel Mining, LLC (“Excel”), issued Worker Adjustment and Retraining Notification (“WARN”) Act notices to all of its approximately 280 employees of the MC Mining Complex in Pike County, Kentucky.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the three and nine months ended September 30, 2024 (the "2024 Quarter" and "2024 Period," respectively). This release includes comparisons of results to the three and nine months ended September 30, 2023 (the "2023 Quarter" and "2023 Period," respectively) and to the quarter ended June 30, 2024 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.

Alliance Resource Partners, L.P. (NASDAQARLP) will report its third quarter 2024 financial results before the market opens on Monday, October 28, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

In the Condensed Consolidated Statements of Income and Operating Data table the figure for INCOME FROM OPERATIONS for the Three Months Ended June 2023 should read: 183,929 (instead of 10183,929).

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP's general partner ("Board of Directors") approved a cash distribution to its unitholders for the quarter ended June 30, 2024 (the "2024 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its second quarter 2024 financial results before the market opens on Monday, July 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) (“ARLP”) announced today that Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of ARLP, and Alliance Resource Finance Corporation, AROP’s wholly owned subsidiary, priced the previously announced private placement of $400 million in aggregate principal amount of 8.625% senior unsecured notes due 2029 (the “New Notes”). The New Notes will be issued at par. The offering is expected to close on or about June 12, 2024, subject to customary closing conditions.

Alliance Resource Partners, L.P. (NASDAQARLP) (“ARLP”) announced today that Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of ARLP, and AROP’s wholly owned subsidiary, Alliance Resource Finance Corporation, subject to market conditions, intend to offer $400 million in aggregate principal amount of senior unsecured notes due 2029 (the “New Notes”) in a private placement to eligible purchasers.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2024 (the "2024 Quarter"). This release includes comparisons of results to the quarter ended March 31, 2023 (the "2023 Quarter") and to the quarter ended December 31, 2023 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.

Alliance Resource Partners, L.P. (NASDAQARLP) 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, 2024 (the "2024 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its first quarter 2024 financial results before the market opens on Monday, April 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP's legal activities.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter and full year ended December 31, 2023 (the "2023 Quarter" and "2023 Full Year"). This release includes comparisons of results to the quarter and year ended December 31, 2022 (the "2022 Quarter" and "2022 Full Year", respectively), as well as the quarter ended September 30, 2023 (the "Sequential Quarter"). All references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.

Alliance Resource Partners, L.P. (NASDAQARLP) 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, 2023 (the "2023 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its fourth quarter 2023 financial results before the market opens on Monday, January 29, 2024. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Company will attend the NobleCon19 - Noble Capital Markets 19th Annual Emerging Growth Equity Conference in Boca Raton, FL on Monday, December 4, 2023.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter ended September 30, 2023 (the "2023 Quarter"). Total revenues in the 2023 Quarter increased slightly to $636.5 million compared to $632.5 million for the quarter ended September 30, 2022 (the "2022 Quarter") primarily as a result of higher transportation and other revenues, partially offset by lower oil & gas royalties. Net income for the 2023 Quarter was $153.7 million, or $1.18 per basic and diluted limited partner unit, compared to $167.7 million, or $1.25 per basic and diluted limited partner unit, for the 2022 Quarter as a result of increased total operating expenses, partially offset by higher interest income and lower income tax expense. EBITDA for the 2023 Quarter was $227.6 million compared to $253.8 million in the 2022 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP.")

Alliance Resource Partners, L.P. (NASDAQARLP) will report its third quarter 2023 financial results before the market opens on Friday, October 27, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") announced today that it has invested $25 million in Ascend Elements, Inc. ("Ascend Elements"), a U.S.-based manufacturer and recycler of sustainable, engineered battery materials for electric vehicles, as part of its $460 million Series D funding round. This capital, combined with $480 million in total grants awarded by the Department of Energy, will advance construction of North America's first commercial-scale manufacturing facility, located near Hopkinsville, Kentucky, producing cathode materials for electric vehicle batteries.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported increased financial and operating results for the quarter ended June 30, 2023 (the "2023 Quarter") compared to the quarter ended June 30, 2022 (the "2022 Quarter"). Total revenues in the 2023 Quarter increased 3.5% to $641.8 million compared to $619.9 million for the 2022 Quarter driven primarily by higher coal sales price per ton, which rose by 5.7%, partially offset by lower oil & gas royalty prices. Increased revenues, partially offset by higher total operating expenses, led to net income for the 2023 Quarter of $169.8 million, or $1.30 per basic and diluted limited partner unit, compared to $163.5 million, or $1.23 per basic and diluted limited partner unit, for the 2022 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP.")

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP’s general partner approved a cash distribution to its unitholders for the quarter ended June 30, 2023 (the "2023 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its second quarter 2023 financial results before the market opens on Monday, July 31, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that it will redeem $50.0 million in aggregate principal amount of its 7.500% Senior Notes due 2025 (the "Notes"), representing 12.5% of the $400.0 million in aggregate principal amount of Notes originally issued and approximately 14.7% of the $339.2 million in aggregate principal amount of Notes currently outstanding, on July 25, 2023, the redemption date for the Notes.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that Joseph W. Craft III, Chairman, President and Chief Executive Officer, and other members of management will participate in investor meetings at the 20th Annual Energy Infrastructure Council CEO & Investor Conference in West Palm Beach, Florida on Tuesday, May 23, 2023.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported substantial increases to financial and operating results for the quarter ended March 31, 2023 (the "2023 Quarter") compared to the quarter ended March 31, 2022 (the "2022 Quarter"). Total revenues in the 2023 Quarter increased 43.0% to $662.9 million compared to $463.4 million for the 2022 Quarter driven primarily by significantly higher coal sales price per ton, which rose by 43.6%. Increased revenues and lower income tax expense, partially offset by higher total operating expenses, led to net income for the 2023 Quarter of $191.2 million, or $1.45 per basic and diluted limited partner unit, compared to $38.1 million, or $0.28 per basic and diluted limited partner unit, for the 2022 Quarter. EBITDA also increased 75.2% in the 2023 Quarter to $270.9 million compared to $154.6 million in the 2022 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) 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").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023, as previously announced. In order to best accommodate analysts’ and investors’ ability to participate in the Company’s conference call, Alliance management will now host its first quarter conference call beginning at 11:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) will report its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) ("ARLP" or the "Partnership") today reported substantial increases to financial and operating results for the quarter and year ended December 31, 2022 (the "2022 Quarter" and "2022 Full Year", respectively) compared to the quarter and year ended December 31, 2021 (the "2021 Quarter" and "2021 Full Year", respectively).

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31, 2022 (the "2022 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its fourth quarter 2022 financial results before the market opens on Monday, January 30, 2023. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) (“Alliance” or the “Partnership”) announced today that the Board of Directors of its general partner, Alliance Resource Management GP, LLC, has appointed Cary P. Marshall as Senior Vice President and Chief Financial Officer effective April 1, 2023. The appointment follows the Partnership’s previously announced retirement and succession plan for Brian L. Cantrell, current Chief Financial Officer. Mr. Cantrell will remain with Alliance through March 31, 2023, to facilitate an orderly transition.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported substantial increases to financial and operating results for the quarter ended September 30, 2022 (the "2022 Quarter") compared to the quarter ended September 30, 2021 (the "2021 Quarter"). Total revenues in the 2022 Quarter increased 51.3% to a record $628.4 million compared to $415.4 million for the 2021 Quarter as a result of significantly higher coal sales revenues, which rose $188.3 million to $550.6 million, and oil & gas royalties revenues, which jumped 75.6% to $35.3 million. Coal sales revenues increased on the strength of record coal sales prices, which rose 40.5% in the 2022 Quarter to $59.94 per ton sold, and increased coal sales volumes, which were 8.1% higher compared to the 2021 Quarter. Oil & gas royalties revenue in the 2022 Quarter benefited from significantly higher volumes and sales price realizations per BOE, which increased 33.1% and 31.6%, respectively, compared to the 2021 Quarter. Total operating expenses increased to $450.3 million in the 2022 Quarter, compared to $348.7 million in the 2021 Quarter, due primarily to increased coal sales volumes and ongoing inflationary cost pressures. Net income for the 2022 Quarter increased 186.0% to $164.6 million, or $1.25 per basic and diluted limited partner unit, compared to $57.5 million, or $0.44 per basic and diluted limited partner unit, for the 2021 Quarter. EBITDA also increased 84.0% in the 2022 Quarter to $250.2 million compared to $135.9 million in the 2021 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure throughout this release, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) 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").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its third quarter 2022 financial results before the market opens on Monday, October 31, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced the formation of a new ventures team to lead its efforts to position ARLP as an energy provider for the future by utilizing its strong cash flows and leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition. The new ventures team, led by Andrew Woodward, Senior Vice President, and Matthew Lewis, Vice President, will have the primary responsibility of identifying, developing and executing on new commercial opportunities beyond ARLP’s existing business units to serve the growing demand for emerging energy and infrastructure transition needs.

Alliance Resource Partners, L.P. (NASDAQ "ARLP") today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/arlp.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported significant increases to financial and operating results for the quarter ended June 30, 2022 (the "2022 Quarter") compared to both the quarter ended June 30, 2021 (the "2021 Quarter") and the quarter ended March 31, 2022 (the "Sequential Quarter"). Total revenues in the 2022 Quarter increased 70.1% to a record $616.5 million compared to $362.4 million for the 2021 Quarter as a result of higher coal sales prices and volumes, which rose 43.3% and 13.9%, respectively, and higher oil & gas royalty prices and volumes, which increased by 64.7% and 27.6%, respectively. Total operating expenses increased to $441.2 million in the 2022 Quarter, compared to $307.4 million in the 2021 Quarter, due primarily to increased coal sales volumes and inflationary cost pressures. Net income for the 2022 Quarter increased to $161.5 million, or $1.23 per basic and diluted limited partner unit, compared to $44.0 million, or $0.34 per basic and diluted limited partner unit, for the 2021 Quarter. EBITDA also increased 105.6% in the 2022 Quarter to $243.8 million compared to $118.6 million in the 2021 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure throughout this release, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended June 30, 2022 (the "2022 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its second quarter 2022 financial results before the market opens on Monday, August 1, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported increased financial and operating results for the quarter ended March 31, 2022 (the "2022 Quarter"). Total revenues in the 2022 Quarter increased 44.6% to $460.9 million compared to $318.6 million for the quarter ended March 31, 2021 (the "2021 Quarter") as a result of higher coal sales volumes and prices, which rose 19.5% and 13.0%, respectively, and higher oil & gas royalty volumes and prices, which increased by 26.3% and 74.9%, respectively. Total operating expenses increased to $373.0 million in the 2022 Quarter, compared to $282.3 million in the 2021 Quarter, due primarily to increased coal sales volumes and inflationary cost pressures. Income before income taxes increased 221.0% to $79.7 million in the 2022 Quarter as compared to $24.8 million in the 2021 Quarter. As previously reported, during the 2022 Quarter, ARLP recognized a one-time non-cash deferred income tax charge of $37.3 million and a current income tax expense of $4.8 million associated with its election to have our oil & gas royalty activities treated as a taxable entity for federal and state income tax purposes, which collectively reduced net income by $0.33 per basic and diluted limited partner unit. This election effectively reduces the total income tax burden on our oil & gas royalties, as ARLP will pay entity-level taxes at corporate tax rates that are well below the individual tax rates that would otherwise be paid by our unitholders. Reflecting higher revenues, partially offset by increased total operating and income tax expenses, net income for the 2022 Quarter increased to $36.7 million, or $0.28 per basic and diluted limited partner unit, compared to $24.7 million, or $0.19 per basic and diluted limited partner unit, for the 2021 Quarter. EBITDA also increased 61.5% in the 2022 Quarter to $152.3 million compared to $94.3 million in the 2021 Quarter. (Unless otherwise noted, all references in the text of this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA and related reconciliation to its comparable GAAP financial measure throughout this release, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended March 31, 2022 (the "2022 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its first quarter 2022 financial results before the market opens on Monday, May 2, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported increased financial and operating results for the quarter and year ended December 31, 2021 (the "2021 Quarter" and "2021 Year", respectively) as compared to the quarter and year ended December 31, 2020 (the "2020 Quarter" and "2020 Year", respectively).

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31, 2021 (the "2021 Quarter").

Alliance Resource Partners, L.P. (NASDAQARLP) will report its fourth quarter 2021 financial results before the market opens on Monday, January 31, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported increased financial and operating results for the quarter ended September 30, 2021 (the "2021 Quarter") compared to the quarter ended June 30, 2021 (the "Sequential Quarter"). Primarily on the strength of increased coal sales volumes and price realizations, total revenues for the 2021 Quarter rose 14.6% to $415.4 million. Increased total revenues, partially offset by higher total operating expenses, drove net income for the 2021 Quarter up by 30.7% to $57.5 million, or $0.44 per basic and diluted limited partner unit, while EBITDA climbed 14.6% to $135.9 million. Increased coal sales volumes and prices for the 2021 Quarter led coal sales revenues and Segment Adjusted EBITDA for our coal operating segments higher by 11.1% and 10.9%, respectively. Increased royalty volumes sold and higher sales prices for the 2021 Quarter also drove total royalty revenues and Segment Adjusted EBITDA for our royalties segments up by 18.5% and 27.6%, respectively. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For definitions of EBITDA and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) will report its third quarter 2021 financial results before the market opens on Monday, October 25, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today announced that Charles R. Wesley, Executive Vice President and Director of ARLP's general partner, has retired effective July 31, 2021. Mr. Wesley joined the Company in 1974 when he began working for Webster County Coal Corporation as an engineering co-op student, and rose through the ranks to become Senior Vice President – Operations in 1996, where he served until joining the Board of Directors in 2009 while also serving as Executive Vice President.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported increased financial and operating results for the quarter ended June 30, 2021 (the "2021 Quarter") compared to the quarter ended March 31, 2021 (the "Sequential Quarter"). Led by higher coal sales volumes and oil & gas prices, ARLP’s total revenues increased 13.8% to $362.4 million, net income jumped 77.9% to $44.0 million and EBITDA rose 25.7% to $118.6 million, all as compared to the Sequential Quarter. For our coal operations, increased sales tons led coal sales revenues and Segment Adjusted EBITDA higher by 13.4% and 25.7%, respectively, compared to the Sequential Quarter. Our royalties segments also reported improved results compared to the Sequential Quarter, as higher sales price realizations per BOE and increased coal royalty tons sold drove total royalty revenues and Segment Adjusted EBITDA up by 15.5% and 15.3%, respectively. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For definitions of EBITDA and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) will report its second quarter 2021 financial results before the market opens on Monday, July 26, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

Alliance Resource Partners, L.P. (NASDAQARLP) today reported financial and operating performance for the quarter ended March 31, 2021 (the "2021 Quarter"). Net income for the 2021 Quarter increased $169.5 million to $24.7 million, or $0.19 per basic and diluted limited partner unit, compared to a net loss of $144.8 million, or $(1.14) per basic and diluted limited partner unit, for the quarter ended March 31, 2020 (the "2020 Quarter"). Excluding the impact of $157.0 million of non-cash charges in the 2020 Quarter, Adjusted net income for the 2021 Quarter increased 102.5% to $24.7 million compared to $12.2 million for the 2020 Quarter. Weather-related transportation disruptions and an unplanned customer plant outage impacted anticipated coal shipments during the 2021 Quarter, contributing to a 9.2% reduction in total revenues compared to the 2020 Quarter. Lower coal volumes and ongoing efficiency initiatives at our mining operations contributed to lower operating expenses of $196.5 million for the 2021 Quarter, compared to $234.3 million for the 2020 Quarter, largely offsetting lower total revenues. As a result, Segment Adjusted EBITDA decreased slightly to $109.8 million in the 2021 Quarter compared to $111.7 million in the 2020 Quarter. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For definitions of Adjusted net income and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

Alliance Resource Partners, L.P. (NASDAQARLP) will report its first quarter 2021 financial results before the market opens on Monday, April 26, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.