ARLP News & Events

Alliance Resource Partners announced that it has completed its previously announced acquisition of certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for approximately $206.2M, subject to customary post-closing adjustments. ARLP funded the acquisition using a combination of cash on hand, borrowings under its revolving credit facility, and a new $150M term loan at its wholly owned subsidiary Alliance Minerals. Following the acquisition, ARLP now controls approximately 115,680 net royalty acres within its Oil & Gas Royalties segment, including over 44,770 net royalty acres in the Permian Basin. ARLP expects to provide additional commentary regarding the acquisition during its next quarterly earnings conference call.

U.S. President Donald Trump announced that the U.S. will invest $700M in the U.S. coal industry using emergency powers under the Defense Production Act. The investments will be in coal plants and mines in West Virginia, Wisconsin, Kentucky, Tennessee, North Carolina, North Dakota, Wyoming, Kentucky, Ohio, Indiana, Illinois, New Mexico, Alaska, and Maryland. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Arch Resources (ARCH), Consol Energy (CEIX) and Peabody (BTU).