Alliance Resource Partners Increases Guidance - Quick Facts

(RTTNews) - Alliance Resource Partners, L.P. (ARLP) increased its 2016 full-year estimates for coal production to a range of 34.5 to 35.5 million tons and coal sales volumes to a range of 36.5 to 37.0 million tons. The company also adjusted its expectations for 2016 average coal sales price per ton to a range of 5.0% to 6.0% below 2015 average realizations. Reflecting updated coal sales volume and pricing estimates, the company now anticipates 2016 revenues, excluding transportation revenues, in a range of $1.88 to $1.92 billion.

ARLP adjusted its 2016 full-year estimate for net income to a range of $300.0 to $310.0 million and increased its estimate for EBITDA to a range of $650.0 to $660.0 million.

ARLP also announced that the Board of its managing general partner approved a cash distribution to unitholders for the quarter of $0.4375 per unit (an annualized rate of $1.75 per unit), payable on November 14, 2016 to all unitholders of record as of the close of trading on November 7, 2016.