Alliance Resource Partners, L.P. Extends the Suspension of Distributions Through the Quarter Ending September 30, 2020
July 27, 2020 at 07:00 am EDT
Share
Alliance Resource Partners, L.P. announced that as previously announced, the Board of Directors suspended the cash distribution to unitholders for the 2020 Quarter. While the company continue to believe that a sustainable distribution is an important contributor to long-term value for ARLP’s unitholders, strengthening and protecting its balance sheet is its immediate objective. Consequently, at its quarterly meeting last week, the Board extended the suspension of distributions through the quarter ending September 30, 2020. The Board will continue to evaluate economic conditions and intends to reassess its distribution decision following the third quarter of this year.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
ALLIANCE RESOURCE PARTNERS, L.P. 
