Quarterly Distribution Announcement from Alliance Resource Partners
Alliance Resource Partners, L.P. Announces Cash Distribution
Alliance Resource Partners, L.P. (NASDAQ: ARLP) has declared a quarterly distribution of $0.70 per unit for its investors. This exciting announcement came from the Board of Directors after their recent meeting, signaling consistent performance and commitment to shareholders.
Distribution Details and Timeline
The cash distribution will be available to all ARLP unitholders who are on record by the close of trading shortly before the distribution date. Those who hold ARLP units will receive $0.70 cash per unit, which translates into an annualized rate of $2.80 per unit. This distribution reflects ARLP's ongoing commitment to return value to its investors, mirroring the distributions made in prior quarters.
Key Dates for Investors
Investors should take note of important upcoming dates, particularly when planning their financial strategy. The distribution will become payable on a date set by the company, ensuring all qualified unitholders will benefit from this cash inflow.
Financial Reporting and Conference Call
In alignment with these announcements, ARLP will also release its financial results for the recent quarter prior to the market opening. This report will be followed by a conference call, during which management will discuss the company's financial performance and future outlook. Investors can participate by dialing in and will be given insights directly from the leadership team.
Connection Information for the Call
To engage in the conference call discussion, investors are encouraged to join using specified dial-in numbers. This provides an invaluable opportunity for real-time updates and clarifications regarding ARLP's operations and growth strategies.
Tax Implications for Non-U.S. Investors
In conjunction with the distribution announcement, ARLP has provided important details for brokers and nominees representing non-U.S. investors. The company has established guidelines that require these entities to distribute earnings received on behalf of non-U.S. owners according to U.S. tax regulations.
About Alliance Resource Partners, L.P.
Alliance Resource Partners is a key player in the energy sector, holding the title of the second-largest coal producer in the eastern part of the United States. The company prides itself on providing reliable, economically efficient energy solutions to major domestic and international utilities, as well as industrial consumers. In addition, ARLP generates additional revenue streams from its mineral interests in productive oil and gas regions.
In its forward-looking strategy, Alliance Resource Partners aims to solidify its role as a dependable energy partner while adapting to the evolving energy landscape. By focusing on sustainable practices and exploring new energy opportunities, ARLP seeks to ensure long-term success and operational growth.
Frequently Asked Questions
What is the announced distribution amount?
ARLP announced a cash distribution of $0.70 per unit for its investors.
When will the distribution be payable?
The distribution is set to be payable on a date following the record date of unitholders.
How can investors participate in the conference call?
Investors can join the conference call by dialing the appropriate numbers provided in the announcement.
What are the tax implications for international investors?
International investors should be aware that distributions are subject to federal income tax withholding as outlined in the regulations.
What type of business is Alliance Resource Partners?
ARLP is primarily a coal producer, but it also engages in oil and gas operations, positioning itself as a diversified energy provider.
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