Alliance Resource Partners (ARLP) Declares $0.675 Quarterly Dividend; 11.6% Yield
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Alliance Resource Partners, L.P. Reports Quarterly Financial and Operating Results; Increases Quarterly Cash Distribution 1.9% to $0.675 Per Unit
July 28, 2015 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating results for the quarter ended June 30, 2015 (the "2015 Quarter"). Reflecting higher other sales and operating revenues, total revenues increased to a record $604.7 million compared to $598.6 million for the quarter ended June 30, 2014 (the "2014 Quarter"). Although total revenue increased, higher operating expenses and equity in loss of affiliates from White Oak led to lower EBITDA, which decreased $30.7 million to $182.4 million for the 2015 Quarter. These factors and increased depreciation, depletion and amortization expense contributed to lower net income for the 2015 Quarter, which... More
Alliance Holdings GP, L.P. Reports Quarterly Financial Results and Increases Quarterly Distribution by 2.4% to $0.96 Per Unit
July 28, 2015 7:00 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Board of Directors of its general partner (the "Board") increased the cash distribution to unitholders for the quarter ended June 30, 2015 (the "2015 Quarter ") to $0.96 per unit, or an annualized rate of $3.84 per unit, payable on August 19, 2015 to AHGPs unitholders of record as of the close of trading on August 12, 2015. The declared quarterly cash distribution represents a 10.3% increase over the cash distribution of $0.87 per unit for the quarter ended June 30, 2014 (the "2014 Quarter") and an increase of 2.4% over the first quarter 2015 distribution of... More
