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EX - 99.1 2 arlp - 20210726xex99d1.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 Strong Second Quarter 2021 Performance ; Sequential Increases to Revenues , up 13.8 % , Net Income , up 77.9 % , and EBITDA , up 25.7 % ; Declares Quarterly Cash Distribution of $ 0.10 Per Unit ; and Increases Guidance TULSA , OKLAHOMA , July 26 , 2021 Alliance Resource Partners , L.P. ( NASDAQ : ARLP ) 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 . ) Financial and operating results for the 2021 Quarter and the six months ended June 30 , 2021 ( the " 2021 Period " ) were significantly improved compared to the quarter ended June 30 , 2020 ( the " 2020 Quarter " ) and the six months ended June 30 , 2020 ( the " 2020 Period " ) , which were impacted by reduced global energy demand and weak commodity prices as a result of lockdown measures imposed in response to the COVID - 19 pandemic . Increased coal sales volumes and oil & gas prices drove total revenues higher in the 2021 Quarter by 42.0 % to $ 362.4 million , compared to $ 255.2 million for the 2020 Quarter . Higher revenues , partially offset by increased operating expenses , led net income to jump by $ 90.7 million to $ 44.0 million for the 2021 Quarter , or $ 0.34 per basic and diluted limited partner unit , compared to a net loss of $ 46.7 million , or $ ( 0.37 ) per basic and diluted limited partner unit , for the 2020 Quarter . EBITDA also increased 145.9 % in the 2021 Quarter to $ 118.6 million compared to $ 48.2 million in the 2020 Quarter .