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Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit; Announces Robinson Retirement from Alliance Board, Vining Election to Alliance Board, and Watson promotion to Senior Vice President

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Alliance Resource Partners, L.P. (NASDAQ: ARLP) has declared a quarterly cash distribution of $0.70 per unit for Q2 2024, payable on August 14, 2024, to unitholders of record as of August 7, 2024. This distribution is consistent with previous quarters. The company also announced several changes to its Board of Directors:

1. John H. Robinson will retire from the Board at the end of the year.
2. Paul H. Vining has been elected to the Board and will serve as lead director.
3. Nick Carter has been appointed Chairman of the Compensation Committee.
4. Wilson M. Torrence has been appointed as a member of the Conflicts Committee.

Additionally, Mark A. Watson has been promoted to Senior Vice President – Operations and Technology of the Partnership's general partner.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) ha dichiarato una distribuzione trimestrale in contante di $0,70 per unità per il secondo trimestre del 2024, pagabile il 14 agosto 2024, agli azionisti registrati al 7 agosto 2024. Questa distribuzione è coerente con i trimestri precedenti. L'azienda ha anche annunciato diverse modifiche al suo CdA:

1. John H. Robinson si ritirerà dal Consiglio alla fine dell'anno.
2. Paul H. Vining è stato eletto nel Consiglio e fungerà da direttore principale.
3. Nick Carter è stato nominato Presidente del Comitato Compensi.
4. Wilson M. Torrence è stato nominato membro del Comitato Conflitti.

Inoltre, Mark A. Watson è stato promosso a Vicepresidente Senior – Operazioni e Tecnologia del partner generale della Partnership.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) ha declarado una distribución de efectivo trimestral de $0.70 por unidad para el segundo trimestre de 2024, pagadera el 14 de agosto de 2024, a los unitholders registrados hasta el 7 de agosto de 2024. Esta distribución es consistente con los trimestres anteriores. La empresa también anunció varios cambios en su Junta Directiva:

1. John H. Robinson se retirará de la Junta a finales de año.
2. Paul H. Vining ha sido elegido para la Junta y servirá como director principal.
3. Nick Carter ha sido nombrado Presidente del Comité de Compensación.
4. Wilson M. Torrence ha sido nombrado miembro del Comité de Conflictos.

Adicionalmente, Mark A. Watson ha sido promovido a Vicepresidente Senior – Operaciones y Tecnología del socio general de la Asociación.

Alliance Resource Partners, L.P. (NASDAQ: ARLP)는 2024년 2분기 유닛당 $0.70의 분기 현금 배당금을 선언했습니다. 이 배당금은 2024년 8월 14일에 지급되며, 기록 기준일은 2024년 8월 7일입니다. 이 배당금은 이전 분기들과 일치합니다. 회사는 이사회에 몇 가지 변화를 발표했습니다:

1. John H. Robinson 이사는 연말에 이사회에서 은퇴할 예정입니다.
2. Paul H. Vining이 이사회에 선출되어 주 이사로 활동할 것입니다.
3. Nick Carter가 보상 위원회 의장으로 임명되었습니다.
4. Wilson M. Torrence가 갈등 위원회의 위원으로 임명되었습니다.

추가로, Mark A. Watson이 파트너십의 일반 파트너의 수석 부사장 – 운영 및 기술로 승진했습니다.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) a annoncé une distribution trimestrielle en espèces de 0,70 $ par unité pour le deuxième trimestre 2024, payable le 14 août 2024, aux détenteurs d'unités inscrits au 7 août 2024. Cette distribution est cohérente avec les trimestres précédents. L'entreprise a également annoncé plusieurs changements au sein de son Conseil d'Administration :

1. John H. Robinson prendra sa retraite du Conseil à la fin de l'année.
2. Paul H. Vining a été élu au Conseil et servira en tant que directeur principal.
3. Nick Carter a été nommé président du Comité des Rémunérations.
4. Wilson M. Torrence a été nommé membre du Comité des Conflits.

De plus, Mark A. Watson a été promu au poste de Vice-président Senior – Opérations et Technologie du partenaire général de la Société.

Alliance Resource Partners, L.P. (NASDAQ: ARLP) hat eine vierteljährliche Barausschüttung von 0,70 $ pro Einheit für das zweite Quartal 2024 angekündigt, die am 14. August 2024 an die zum 7. August 2024 registrierten Unitholder ausgezahlt wird. Diese Ausschüttung steht im Einklang mit den vorangegangenen Quartalen. Das Unternehmen gab außerdem mehrere Änderungen in seinem Vorstand bekannt:

1. John H. Robinson wird zum Ende des Jahres aus dem Vorstand ausscheiden.
2. Paul H. Vining wurde in den Vorstand gewählt und wird als Hauptdirektor fungieren.
3. Nick Carter wurde zum Vorsitzenden des Vergütungsausschusses ernannt.
4. Wilson M. Torrence wurde als Mitglied des Konfliktausschusses ernannt.

Zusätzlich wurde Mark A. Watson zum Senior Vice President – Operationen und Technologie des allgemeinen Partners der Partnerschaft befördert.

Positive
  • Consistent quarterly cash distribution of $0.70 per unit maintained
  • Addition of Paul H. Vining to the Board of Directors, bringing extensive industry experience
  • Promotion of Mark A. Watson to Senior Vice President, potentially advancing technology growth opportunities
Negative
  • None.

TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP's general partner ("Board of Directors") approved a cash distribution to its unitholders for the quarter ended June 30, 2024 (the "2024 Quarter").

ARLP unitholders of record as of the close of trading on August 7, 2024 will receive a cash distribution for the 2024 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on August 14, 2024. The announced distribution is consistent with the cash distributions of $0.70 per unit for the quarters ended June 30, 2023 and March 31, 2024.

As previously announced, ARLP will report financial results for the 2024 Quarter before the market opens on Monday, July 29, 2024 and Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP's website at www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13747640.

In addition to the cash distribution for the 2024 Quarter, ARLP is announcing that John H. Robinson will retire from the Board of Directors at the end of the year.

"John has been an invaluable asset of Alliance since 1999," said Mr. Joseph W. Craft III, Chairman, President and CEO of ARLP's general partner. "John's service on the Board of Directors has been instrumental to ARLP's success since its inception and we are grateful for his thoughtful guidance over the years and wish him the best in retirement."

Mr. Robinson has stepped down as Chairman of the Compensation Committee, but he will remain a member of the Audit, Compensation and Conflicts Committee until his retirement at the end of the year. Board of Director member Nick Carter, who is a member of the Compensation Committee, has been appointed as Chairman of such committee. In addition, Wilson M. Torrence, who is the Chairman of the Audit Committee, has been appointed as a member of the Conflicts Committee.

ARLP is also announcing that on July 24, 2024, Paul H. Vining has been elected to the Board of Directors and will serve as the board's lead director. In such capacity, Mr. Vining will assist the Board of Directors and ARLP's management team on planning and other initiatives as directed from time to time by the Board of Directors or Mr. Craft.

"I am pleased to welcome Paul to the ARLP team," Mr. Craft said. "Paul's extensive background and leadership in the natural resources mining industry brings a unique level of knowledge and experience of global energy markets to the Board of Directors. We look forward to working with Paul as lead director to continue positioning ARLP as a reliable energy provider now and into the future."

Mr. Vining has served as Chairman of the Board of Directors of Westmoreland Mining, LLC, a privately held coal producer, since October 2019, and as Chairman of the Board of Directors of The Frazier Quarry Inc. since July 2023. From May through July 2022, Mr. Vining served as Chairman of the Board of Directors of Allegiance Coal Limited (ASX: AHQ) and from 2016 to 2019 served as a member of the Board of Directors of the general partner of then NYSE-listed Foresight Energy LP. Mr. Vining began his career in 1979 as a mineral engineer and has held a variety of senior executive positions over the years with several companies, including as Chief Executive Officer of Minerals Refining Company throughout 2022, Executive Vice President Global Investment and Development for Xcoal Energy and Resources LLC from 2019 to 2021, and Chief Executive Officer of The Cline Group, LLC from 2015 to 2019. Prior to that, Mr. Vining held senior executive positions in several major companies including as Chief Operating Officer and then President of Alpha Natural Resources, Inc., President and Chief Operating Officer of Patriot Coal Company, Chief Executive Officer of Magnum Coal Company, Chief Commercial Officer of Arch Coal Inc. and Chief Commercial Officer of Peabody Energy, Corporation. Earlier in his career, Mr. Vining held various commercial and marketing positions at Massey Energy Company, Occidental Petroleum Corp., and ENI S.p.A. Mr. Vining holds a Bachelor and a Master of Science degree in Mining and Minerals Engineering from Columbia University and a Bachelor of Science degree in Chemistry from the College of William and Mary.

In addition to news regarding the Board of Directors, ARLP is announcing that Mark A. Watson has been promoted to the role of Senior Vice President – Operations and Technology of the Partnership's general partner.

"Please join me in congratulating Mark on his promotion to Senior Vice President," commented Mr. Craft. "Mark has been with Alliance since starting as an intern in 1994, holds a Bachelor of Science degree and a Master of Science degree in Electrical Engineering from the University of Kentucky, and has contributed significantly to the operations side as well as the technology development side of ARLP's business over many years. Mark's strong leadership and expertise at our Matrix Design Group ("Matrix") has seen Matrix expand its products and services beyond the domestic underground mining industry into the international mining and industrial markets positioning Matrix to accelerate innovation and growth at ARLP. In Mark's expanded role he will continue to lead Matrix as well as advance other technology growth opportunities in different markets for ARLP."

Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold ARLP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent (100%) of ARLP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. In addition, brokers and nominees should treat one hundred percent (100%) of the distribution as being in excess of cumulative net income for purposes of determining the amount to withhold. Accordingly, ARLP's distributions to non-U.S. investors are subject to federal income tax withholding at a rate equal to the highest applicable effective tax rate plus ten percent (10%). Nominees, and not ARLP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.

About Alliance Resource Partners, L.P.

ARLP is a diversified energy company that is currently the largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is evolving and positioning itself as a reliable energy partner for the future by pursuing opportunities that support the advancement of energy and related infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at investorrelations@arlp.com.

Investor Relations Contact

Cary P. Marshall

Senior Vice President and Chief Financial Officer

918-295-7673

investorrelations@arlp.com

Source: Alliance Resource Partners, L.P.

FAQ

What is the quarterly distribution amount for ARLP for Q2 2024?

Alliance Resource Partners, L.P. (ARLP) has declared a quarterly cash distribution of $0.70 per unit for Q2 2024.

When is the payment date for ARLP's Q2 2024 distribution?

The payment date for ARLP's Q2 2024 distribution is August 14, 2024.

Who has been elected as the new lead director for ARLP's Board of Directors?

Paul H. Vining has been elected to ARLP's Board of Directors and will serve as the board's lead director.

What position has Mark A. Watson been promoted to at ARLP?

Mark A. Watson has been promoted to the role of Senior Vice President – Operations and Technology of ARLP's general partner.

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