Comparing the 2009 quarter to the quarter ended September 30, 2008, revenues increased 4.8% to $299.6 million, EBITDA rose 19.7% to $72.8 million, and net income climbed 25.1% to $36.4 million, or .57 of net income per basic and diluted limited partner unit.
Revenues for the 2009 Period rose 10.3% to a record $932.8 million, compared to the nine months ended September 30, 2008. EBITDA and net income also reached record levels in the 2009 Period, as EBITDA increased 32.1% to $257.7 million and net income jumped 38.0% to $150.4 million, or $2.85 of net income per basic and diluted limited partner unit, both compared to the 2008 Period.
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2009 Quarter to .76 per unit (an annualized rate of $3.04 per unit), payable on November 13, 2009 to all unitholders of record as of the close of trading on November 6, 2009. The announced distribution represents an 8.6% increase over the cash distribution of .70 for the 2008 Quarter and a 2.0% increase over the cash distribution of .745 for the second quarter of this year.
Alliance Resource Partners is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP is currently the fifth largest coal producer in the eastern United States with operations in all major eastern coalfields. ARLP operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. ARLP recently initiated operations at a newly constructed mining complex in Kentucky and is constructing a new mining complex in West Virginia.
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