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EX - 99.1 2 arlp - 20210426xex99d1.htm EX - 99.1 Exhibit 99.1 PRESS RELEASE ALLIANCE RESOURCE PARTNERS , L.P. CONTACT : Brian L. Cantrell Alliance Resource Partners , L.P. 1717 South Boulder Avenue , Suite 400 Tulsa , Oklahoma 74119 ( 918 ) 295-7673 FOR IMMEDIATE RELEASE ALLIANCE RESOURCE PARTNERS , L.P. Reports Quarterly Financial and Operating Results ; Declares Quarterly Cash Distribution of $ 0.10 Per Unit ; Adds New Coal Royalties Segment ; and Increases Guidance Alliance Resource Partners , L.P. TULSA , OKLAHOMA , April 26 , 2021 ( NASDAQ : ARLP ) 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 . ) Total revenues in the 2021 Quarter were $ 47.9 million lower compared to the quarter ended December 31 , 2020 ( the " Sequential Quarter " ) , primarily due to lower coal sales volumes . Even though lower revenues were partially offset by decreased operating expenses and reduced depreciation , depletion and amortization , net income and EBITDA for the 2021 Quarter declined $ 10.3 million and $ 27.0 million , respectively , compared to the Sequential Quarter . ( For a definition of EBITDA and related reconciliation to the comparable GAAP financial measure , please see the end of this release . ) ARLP also announced today that the Board of Directors of its general partner ( the " Board " ) declared a cash distribution to unitholders of $ 0.10 per unit ( an annualized