ARLP Q2 net income $100.2M ($0.77/unit); cuts 2024 coal sales guidance

ALLIANCE RESOURCE PARTNERS LP

Net income $100.2M, down 41% YoY; revenue $593.4M, down 7.6% YoY.
Coal sales volumes 7.85M tons, down 11.8% YoY; price per ton up 3.8% to $65.30.
Issued $400M 8.625% Senior Notes due 2029; liquidity $666M.
Board declares $0.70/unit distribution, unchanged; John Robinson retiring, Paul Vining elected.
2024 guidance: total coal sales 33.5-34.5M tons (down ~2.6% from prior midpoint).

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John H. Robinson

Director

ARLP · ALLIANCE RESOURCE PARTNERS LP

Effective: 2024-12-31
Filed: July 29, 2024, 7:59 PM ET

John H. Robinson notified Alliance Resource Management GP, LLC ("MGP"), the general partner of the Partnership, that he will retire from the board of directors of MGP (the "Board of Directors") at the end of the year.

Appointed

Paul H. Vining

Lead Director

ARLP · ALLIANCE RESOURCE PARTNERS LP

Filed: July 29, 2024, 7:59 PM ET

Paul H. Vining has been elected to the Board of Directors and will serve as lead director but will not serve on any committee of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John H. Robinson departed as Director at ALLIANCE RESOURCE PARTNERS LP.

Action: retire
Role: Director

Exact text from the filing

John H. Robinson notified Alliance Resource Management GP, LLC ("MGP"), the general partner of the Partnership, that he will retire from the board of directors of MGP (the "Board of Directors") at the end of the year.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul H. Vining was elected as Lead Director at ALLIANCE RESOURCE PARTNERS LP.

Action: elected
Role: Lead Director

Exact text from the filing

Paul H. Vining has been elected to the Board of Directors and will serve as lead director but will not serve on any committee of the Board of Directors.

View on SEC.gov

ALLIANCE RESOURCE PARTNERS LP filing history →

Source: SEC EDGAR

accession 0001558370-24-010256

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