Alliance Resource Partners LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $548,055,000 compared to $443,586,000 a year ago. Income from operations was $112,316,000 compared to $91,983,000 a year ago. Income before income taxes was $102,239,000 compared to $82,601,000 a year ago. Net income was $102,937,000 or $1.95 per diluted share compared to $82,968,000 or $1.54 per diluted share a year ago. Cash flows provided by operating activities was $199,478,000 compared to $114,804,000 a year ago. Capital expenditures were $70,306,000 compared to $105,339,000 a year ago. EBITDA was $173,105,000 compared to $131,453,000 a year ago. Segment adjusted EBITDA was $188,351,000 compared to $145,742,000 a year ago. The company continue to benefit from ARLP’s strong contract book as the average coal sales price per ton increased slightly compared to the 2012 quarter. Increased volumes and coal prices led to higher revenues and net income in the 2013 quarter and EBITDA. The company provided earnings guidance for the fiscal 2013. For the year, the company expects to perform at the upper end of its initial 2013 guidance ranges. Based on results to date and current estimates, the company is maintaining its previously estimated ranges for 2013 revenues, excluding transportation revenues, of $2.1 billion to $2.2 billion, EBITDA of $600.0 million to $650.0 million, and net income of $300.0 million to $350.0 million. The company anticipates total capital expenditures during 2013 in a range of $370.0 to $400.0 million, which includes expenditures for mine expansion and infrastructure projects, maintenance capital, continued development of the Gibson South mine, and reserve acquisitions and construction of surface facilities related to the White Oak mine development project. The company anticipates 2013 coal production and sales volumes in a range of 38.1 million to 39.1 million tons. The company also announced that the board of directors of its managing general partner increased the cash distribution to unitholders for the 2013 quarter to $1.13 per unit (an annualized rate of $4.52 per unit), payable on May 15, 2013 to all unitholders of record as of the close of trading on May 8, 2013. The strong first quarter results, visible growth for ARLP, and improving market fundamentals for primary markets, the board approved increased unit holder distributions for the 20th consecutive quarter, bringing year-over-year distribution growth to 10.2% at ARLP. The announced distribution represents a 10.2% increase over the cash distribution of $1.025 per unit for the 2012 quarter and a 2.0% increase over the cash distribution of $1.1075 per unit for the 2012 fourth quarter.

Alliance Resource Partners LP Presents at 2013 MLP Investor Conference, May-23-2013 01:45 PM. Venue: Hilton Stamford Hotel & Executive Meeting Center, 1 First Stamford Place, Stamford, CT 06902, United States. Speakers: Joseph W. Craft, Chief Executive Officer of Alliance Resource Management GP LLC, President of Alliance Resource Management GP LLC and Director of Alliance Resource Management GP LLC.

Alliance Resource Partners LP, Q1 2013 Earnings Call, Apr 26, 2013