Page 1

EX - 99.1 2 arlp - 20211025xex99d1.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. Strong Performance in Third Quarter Delivers Sequential Increases to Revenues , up 14.6 % , Net Income , up 30.7 % , and EBITDA , up 14.6 % ; Doubles Quarterly Cash Distribution to $ 0.20 Per Unit ; and Updates Guidance TULSA , OKLAHOMA , October 25 , 2021 Alliance Resource Partners , L.P. ( NASDAQ : ARLP ) today reported increased financial and operating results for the quarter ended September 30 , 2021 ( the " 2021 Quarter " ) compared to the quarter ended June 30 , 2021 ( the " Sequential Quarter " ) . Primarily on the strength of increased coal sales volumes and price realizations , total revenues for the 2021 Quarter rose 14.6 % to $ 415.4 million . Increased total revenues , partially offset by higher total operating expenses , drove net income for the 2021 Quarter up by 30.7 % to $ 57.5 million , or $ 0.44 per basic and diluted limited partner unit , while EBITDA climbed 14.6 % to $ 135.9 million . Increased coal sales volumes and prices for the 2021 Quarter led coal sales revenues and Segment Adjusted EBITDA for our coal operating segments higher by 11.1 % and 10.9 % , respectively . Increased royalty volumes sold and higher sales prices for the 2021 Quarter also drove total royalty revenues and Segment Adjusted EBITDA for our royalties segments up by 18.5 % and 27.6 % , 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 nine months ended September 30 , 2021 ( the " 2021 Period " ) were also significantly improved compared to the quarter ended September 30 , 2020 ( the " 2020 Quarter " ) and the nine months ended September 30 , 2020 ( the " 2020 Period " ) , both of which were negatively impacted by reduced global energy demand and weak commodity prices as a result of lockdown measures imposed in response to the COVID - 19 pandemic . Total revenues in the 2021 Quarter increased by 16.8 % to $ 415.4 million compared to $ 355.7 million in the 2020 Quarter as a result of higher coal sales volumes , which rose 10.3 % , and significantly higher oil & gas prices . Revenue growth , partially offset by increased total operating expenses , led net income higher by $ 30.3 million to $ 57.5 million for the 2021 Quarter , or $ 0.44 per basic and diluted limited partner unit , compared to $ 27.2 million , or $ 0.21 per basic and diluted limited partner unit ,