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ISIN: US01877R1086 · WKN: 925301 · Symbol: ARLP
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28.10.2009 12:00
Alliance Resource Partners, L.P. Reports Increased Quarterly and Record Year-to-Date Financial Results; Increases Quarterly Cash Distribution 2.0% to $0.76 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported increased quarterly and record year-to-date revenues, EBITDA and net income for the three months and nine months ended September 30, 2009 (the "2009 Quarter" and "2009 Period," respectively).
Comparing the 2009 Quarter to the quarter ended September 30, 2008 (the "2008 Quarter"), revenues increased 4.8% to $299.6 million, EBITDA rose 19.7% to $72.8 million, and net income climbed 25.1% to $36.4 million, or $0.57 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
Revenues for the 2009 Period rose 10.3% to a record $932.8 million, compared to the nine months ended September 30, 2008 (the "2008 Period"). EBITDA and net income also reached record levels in the 2009 Period, as EBITDA increased 32.1% to $257.7 million and net income jumped 38.0% to $150.4 million, or $2.85 of net income per basic and diluted limited partner unit, both compared to the 2008 Period.
ARLP also announced that the Board of Directors of its managing general partner (the "Board") increased the cash distribution to unitholders for the 2009 Quarter to $0.76 per unit (an annualized rate of $3.04 per unit), payable on November 13, 2009 to all unitholders of record as of the close of trading on November 6, 2009. The announced distribution represents an 8.6% increase over the cash distribution of $0.70 for the 2008 Quarter and a 2.0% increase over the cash distribution of $0.745 for the second quarter of this year.
"ARLP again delivered solid performance in the third quarter of 2009, posting strong year-over-year results," said Joseph W. Craft III, President and Chief Executive Officer. "During the quarter ARLP also continued to build for the future. We further strengthened our contract position through a new long-term coal sales agreement with TVA. We also achieved a significant milestone at our River View development as initial coal production began at this new mine. In addition, construction progressed on schedule at our Tunnel Ridge development project. These accomplishments are particularly impressive in light of the significant demand destruction for coal based electricity caused by the worst recession our country has experienced since the Great Depression. Our employees have worked hard to successfully manage these market difficulties as well as the heavy government regulation facing the coal industry and have kept ARLP on pace to post its ninth consecutive year of record financial performance."
Consolidated Financial Results
Three Months Ended September 30, 2009 Compared to Three Months Ended September 30, 2008
Revenues increased in the 2009 Quarter on the strength of higher pricing under ARLP's coal sales contracts, which more than offset the decline in tons sold. Average coal sales prices increased 11.7% in the 2009 Quarter to $45.58 per ton sold, compared to $40.79 per ton sold in the 2008 Quarter. Unplanned customer outages, contractual deferrals and weak spot market demand continued to impact coal sales volumes in the 2009 Quarter, resulting in a 6.4% decrease in sales volumes to 6.2 million tons. Production volumes also declined 3.9% in the 2009 Quarter to 6.3 million tons as ARLP continued to adjust production levels to contractual obligations and market demand.
Higher labor-related and sales-related expenses and costs related to the River View and Tunnel Ridge mine development projects pushed total operating expenses up 2.8% to $204.8 million in the 2009 Quarter, compared to $199.3 million in the 2008 Quarter. As a result of ARLP's cost control initiatives, these increases were partially offset by lower materials and supplies expenses and contract mining costs. In addition, reflecting the previously mentioned weakness in the spot coal market, outside coal purchases declined $6.5 million in the 2009 Quarter compared to the 2008 Quarter.
Financial results for the 2009 Quarter also benefited from a $1.6 million increase in other sales and operating revenues, primarily as a result of higher product sales by Matrix Design Group - an ARLP subsidiary providing leading-edge safety technology and services to the coal industry. Depreciation, depletion and amortization increased in the 2009 Quarter to $28.1 million, compared to $25.4 million in the 2008 Quarter, as a result of continuing capital expenditures related to infrastructure improvements, efficiency projects and expansion of production capacity. In addition, net interest expense increased $1.5 million to $7.6 million, primarily due to lower interest income in the 2009 Quarter compared to the 2008 Quarter. General and administrative expenses increased in the 2009 Quarter to $10.0 million, compared to $7.2 million in the 2008 Quarter, primarily as a result of higher unit-based incentive compensation expenses.
Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008
Increased revenues in the 2009 Period reflect higher average coal sales prices, which rose 18.2% to $46.76 per ton sold in the 2009 Period, more than offsetting lower coal sales volumes of 18.9 million tons, which declined approximately 1.4 million tons compared to the 2008 Period. As discussed above, comparative financial results for the 2009 Period were negatively impacted by higher operating expenses and depreciation, depletion and amortization. Net interest expense also increased in the 2009 Period, compared to the 2008 Period, due to ARLP's $350 million private placement of debt in June 2008. These impacts were partially offset by increased other sales and operating revenues and lower outside coal purchases in the 2009 Period, compared to the 2008 Period.
Comparative results between the 2009 and 2008 Periods were also impacted by non-recurring benefits to net income in the second quarter of 2008 totaling $9.9 million related to favorable claims settlements and sale of non-core coal reserves.
Alliance Resource Partners, L.P. Reports Increased Quarterly and Record Year-to-Date Financial Results; Increases Quarterly Cash Distribution 2.0% to $0.76 Per Unit
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported increased quarterly and record year-to-date revenues, EBITDA and net income for the three months and nine months ended September 30, 2009 (the "2009 Quarter" and "2009 Period," respectively).
Comparing the 2009 Quarter to the quarter ended September 30, 2008 (the "2008 Quarter"), revenues increased 4.8% to $299.6 million, EBITDA rose 19.7% to $72.8 million, and net income climbed 25.1% to $36.4 million, or $0.57 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
Revenues for the 2009 Period rose 10.3% to a record $932.8 million, compared to the nine months ended September 30, 2008 (the "2008 Period"). EBITDA and net income also reached record levels in the 2009 Period, as EBITDA increased 32.1% to $257.7 million and net income jumped 38.0% to $150.4 million, or $2.85 of net income per basic and diluted limited partner unit, both compared to the 2008 Period.
ARLP also announced that the Board of Directors of its managing general partner (the "Board") increased the cash distribution to unitholders for the 2009 Quarter to $0.76 per unit (an annualized rate of $3.04 per unit), payable on November 13, 2009 to all unitholders of record as of the close of trading on November 6, 2009. The announced distribution represents an 8.6% increase over the cash distribution of $0.70 for the 2008 Quarter and a 2.0% increase over the cash distribution of $0.745 for the second quarter of this year.
"ARLP again delivered solid performance in the third quarter of 2009, posting strong year-over-year results," said Joseph W. Craft III, President and Chief Executive Officer. "During the quarter ARLP also continued to build for the future. We further strengthened our contract position through a new long-term coal sales agreement with TVA. We also achieved a significant milestone at our River View development as initial coal production began at this new mine. In addition, construction progressed on schedule at our Tunnel Ridge development project. These accomplishments are particularly impressive in light of the significant demand destruction for coal based electricity caused by the worst recession our country has experienced since the Great Depression. Our employees have worked hard to successfully manage these market difficulties as well as the heavy government regulation facing the coal industry and have kept ARLP on pace to post its ninth consecutive year of record financial performance."
Consolidated Financial Results
Three Months Ended September 30, 2009 Compared to Three Months Ended September 30, 2008
Revenues increased in the 2009 Quarter on the strength of higher pricing under ARLP's coal sales contracts, which more than offset the decline in tons sold. Average coal sales prices increased 11.7% in the 2009 Quarter to $45.58 per ton sold, compared to $40.79 per ton sold in the 2008 Quarter. Unplanned customer outages, contractual deferrals and weak spot market demand continued to impact coal sales volumes in the 2009 Quarter, resulting in a 6.4% decrease in sales volumes to 6.2 million tons. Production volumes also declined 3.9% in the 2009 Quarter to 6.3 million tons as ARLP continued to adjust production levels to contractual obligations and market demand.
Higher labor-related and sales-related expenses and costs related to the River View and Tunnel Ridge mine development projects pushed total operating expenses up 2.8% to $204.8 million in the 2009 Quarter, compared to $199.3 million in the 2008 Quarter. As a result of ARLP's cost control initiatives, these increases were partially offset by lower materials and supplies expenses and contract mining costs. In addition, reflecting the previously mentioned weakness in the spot coal market, outside coal purchases declined $6.5 million in the 2009 Quarter compared to the 2008 Quarter.
Financial results for the 2009 Quarter also benefited from a $1.6 million increase in other sales and operating revenues, primarily as a result of higher product sales by Matrix Design Group - an ARLP subsidiary providing leading-edge safety technology and services to the coal industry. Depreciation, depletion and amortization increased in the 2009 Quarter to $28.1 million, compared to $25.4 million in the 2008 Quarter, as a result of continuing capital expenditures related to infrastructure improvements, efficiency projects and expansion of production capacity. In addition, net interest expense increased $1.5 million to $7.6 million, primarily due to lower interest income in the 2009 Quarter compared to the 2008 Quarter. General and administrative expenses increased in the 2009 Quarter to $10.0 million, compared to $7.2 million in the 2008 Quarter, primarily as a result of higher unit-based incentive compensation expenses.
Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008
Increased revenues in the 2009 Period reflect higher average coal sales prices, which rose 18.2% to $46.76 per ton sold in the 2009 Period, more than offsetting lower coal sales volumes of 18.9 million tons, which declined approximately 1.4 million tons compared to the 2008 Period. As discussed above, comparative financial results for the 2009 Period were negatively impacted by higher operating expenses and depreciation, depletion and amortization. Net interest expense also increased in the 2009 Period, compared to the 2008 Period, due to ARLP's $350 million private placement of debt in June 2008. These impacts were partially offset by increased other sales and operating revenues and lower outside coal purchases in the 2009 Period, compared to the 2008 Period.
Comparative results between the 2009 and 2008 Periods were also impacted by non-recurring benefits to net income in the second quarter of 2008 totaling $9.9 million related to favorable claims settlements and sale of non-core coal reserves.
Sunday, 31 Jan 2010
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Alliance Resource released following outlook
Mr Joseph Craft CEO of ARLP said "We are optimistic about our chances to deliver another record year of financial performance in 2010. Our projections for this year are heavily reliant on contracted sales commitments and the renewed strength we see in the metallurgical and export coal markets. We see some encouraging signs of improvement in the overall domestic economy as well, including increased coal-fired electric generation which has contributed to improved coal markets so far this year. Our generally positive outlook is tempered, however, by concerns that high utility stockpiles, uncertain pricing for natural gas and the potential of slower industrial growth may impact coal demand in the short term. In light of these concerns we have delayed the staffing for the seventh and eighth production units at our new River View mine until the market demand for this production is more certain. Thus, our production guidance assumes River View will be operating six units of production by the second quarter of this year and will continue operating at that level indefinitely. At this time, ARLP expects to maintain the construction schedule which would allow us to begin longwall operation at the Tunnel Ridge mine in the Q4 of 2011."
For 2010, ARLP is currently anticipating total capital expenditures in a range of USD 275.0 to USD 315.0 million, including maintenance capital expenditures. Estimated capital expenditures include investments for the continuing expansion of the River View mine and development of the Tunnel Ridge mine; facilities upgrades, infrastructure improvements and efficiency projects at various other operations; and increased expenditures to comply with new regulatory requirements. ARLP is currently estimating maintenance capital expenditures of approximately USD 4.00 per ton produced. Actual maintenance capital expenditures in 2010 may vary due to changes in anticipated construction and maintenance schedules. As a result of these planned investments, ARLP expects 2010 depreciation, depletion and amortization expenses to increase to a range of USD 137.0 to USD 147.0 million, compared to USD 117.5 million in 2009.
ARLP is currently anticipating 2010 coal production to grow to a range of 29.6 to 30.3 million tons and coal sales to increase to approximately 30.3 to 31.0 million tons, of which approximately 95% to 98% is contractually committed and priced. ARLP has also secured sales commitments for approximately 27.4 million tons, 20.4 million tons and 19.4 million tons in 2011, 2012 and 2013, respectively, of which approximately 2.0 million tons and 5.4 million tons currently remain open to market pricing in 2012 and 2013, respectively.
Based on current estimates for coal production, coal sales volumes and coal sales prices, ARLP is anticipating 2010 revenues to grow to a range of USD 1.47 to USD 1.55 billion, excluding transportation revenues. Although mining operations continue to benefit from cost control initiatives across the organization, ARLP currently anticipates certain expense categories will increase on a per ton basis in 2010 driving total Segment Adjusted EBITDA Expense per ton higher by approximately 3% to 5%, compared to 2009.
For 2010, ARLP is also estimating EBITDA in a range of USD 410.0 to USD 450.0 million and net income in a range of USD 240.0 to USD 270.0 million, indicating projected growth of approximately 20% to 32% and 25% to 40% in EBITDA and net income respectively, compared to 2009.
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Alliance Resource released following outlook
Mr Joseph Craft CEO of ARLP said "We are optimistic about our chances to deliver another record year of financial performance in 2010. Our projections for this year are heavily reliant on contracted sales commitments and the renewed strength we see in the metallurgical and export coal markets. We see some encouraging signs of improvement in the overall domestic economy as well, including increased coal-fired electric generation which has contributed to improved coal markets so far this year. Our generally positive outlook is tempered, however, by concerns that high utility stockpiles, uncertain pricing for natural gas and the potential of slower industrial growth may impact coal demand in the short term. In light of these concerns we have delayed the staffing for the seventh and eighth production units at our new River View mine until the market demand for this production is more certain. Thus, our production guidance assumes River View will be operating six units of production by the second quarter of this year and will continue operating at that level indefinitely. At this time, ARLP expects to maintain the construction schedule which would allow us to begin longwall operation at the Tunnel Ridge mine in the Q4 of 2011."
For 2010, ARLP is currently anticipating total capital expenditures in a range of USD 275.0 to USD 315.0 million, including maintenance capital expenditures. Estimated capital expenditures include investments for the continuing expansion of the River View mine and development of the Tunnel Ridge mine; facilities upgrades, infrastructure improvements and efficiency projects at various other operations; and increased expenditures to comply with new regulatory requirements. ARLP is currently estimating maintenance capital expenditures of approximately USD 4.00 per ton produced. Actual maintenance capital expenditures in 2010 may vary due to changes in anticipated construction and maintenance schedules. As a result of these planned investments, ARLP expects 2010 depreciation, depletion and amortization expenses to increase to a range of USD 137.0 to USD 147.0 million, compared to USD 117.5 million in 2009.
ARLP is currently anticipating 2010 coal production to grow to a range of 29.6 to 30.3 million tons and coal sales to increase to approximately 30.3 to 31.0 million tons, of which approximately 95% to 98% is contractually committed and priced. ARLP has also secured sales commitments for approximately 27.4 million tons, 20.4 million tons and 19.4 million tons in 2011, 2012 and 2013, respectively, of which approximately 2.0 million tons and 5.4 million tons currently remain open to market pricing in 2012 and 2013, respectively.
Based on current estimates for coal production, coal sales volumes and coal sales prices, ARLP is anticipating 2010 revenues to grow to a range of USD 1.47 to USD 1.55 billion, excluding transportation revenues. Although mining operations continue to benefit from cost control initiatives across the organization, ARLP currently anticipates certain expense categories will increase on a per ton basis in 2010 driving total Segment Adjusted EBITDA Expense per ton higher by approximately 3% to 5%, compared to 2009.
For 2010, ARLP is also estimating EBITDA in a range of USD 410.0 to USD 450.0 million and net income in a range of USD 240.0 to USD 270.0 million, indicating projected growth of approximately 20% to 32% and 25% to 40% in EBITDA and net income respectively, compared to 2009.
26.04.2010 13:02
ALLIANCE RESOURCE PARTNERS, L.P. Reports Record Operating and Financial Results for the 2010 First Quarter; Increases Quarterly Cash Distribution to $0.79 Per Unit; and Increases 2010 Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record operating and financial results for the quarter ended March 31, 2010 (the "2010 Quarter"). Led by strong increases to revenues in the 2010 Quarter, compared to the quarter ended March 31, 2009 (the "2009 Quarter"), EBITDA jumped 10.4% to a record $119.0 million and net income rose 3.4% to a record $75.0 million, or $1.56 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2010 Quarter to $0.79 per unit (an annualized rate of $3.16 per unit), payable on May 14, 2010 to all unitholders of record as of the close of trading on May 7, 2010. The announced distribution represents an 8.2% increase over the cash distribution of $0.73 for the 2009 Quarter and a 1.9% increase over the cash distribution of $0.775 for the fourth quarter of 2009.
"ARLP entered 2010 optimistic about performance this year and our first quarter results confirm that our expectations were well founded," said Joseph W. Craft III, President and Chief Executive Officer. "Record operating and financial results for the first quarter reflect the strength of ARLP's coal supply contracts and the benefits realized from increased production at our new River View mine. We are particularly proud that these results were accomplished during the safest quarter in ARLP's history."
Consolidated Financial Results
Three Months Ended March 31, 2010 Compared to Three Months Ended March 31, 2009
ARLP continued to benefit from strong contracted coal pricing and commitments as revenues in the 2010 Quarter increased 15.6% to a record $380.7 million. Record revenues reflect higher coal sales volumes, which jumped 14.8% to a record 7.4 million tons in the 2010 Quarter, compared to 6.4 million tons sold in the 2009 Quarter, and increased average coal sales prices, which rose $0.75 per ton sold to a record $49.34.
Production volumes also rose 9.8% in the 2010 Quarter to a record 7.5 million tons, compared to 6.9 million tons in the 2009 Quarter, primarily due to increased production levels at the River View mine. As expected, operating expenses increased in the 2010 Quarter as record coal production volumes drove costs higher, particularly labor-related expenses, materials and supplies expenses and sales-related expenses. Higher costs associated with beginning coal inventories also contributed to increased operating expenses in the 2010 Quarter. These increases were partially offset by reduced contract mining expenses, which were $2.2 million lower in the 2010 Quarter compared to the 2009 Quarter.
Financial results for the 2010 Quarter were also impacted by higher depreciation, depletion and amortization, which increased to $36.3 million, compared to $27.4 million in the 2009 Quarter, primarily as a result of capital expenditures related to ARLP's continuing growth initiatives.
ALLIANCE RESOURCE PARTNERS, L.P. Reports Record Operating and Financial Results for the 2010 First Quarter; Increases Quarterly Cash Distribution to $0.79 Per Unit; and Increases 2010 Guidance
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record operating and financial results for the quarter ended March 31, 2010 (the "2010 Quarter"). Led by strong increases to revenues in the 2010 Quarter, compared to the quarter ended March 31, 2009 (the "2009 Quarter"), EBITDA jumped 10.4% to a record $119.0 million and net income rose 3.4% to a record $75.0 million, or $1.56 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2010 Quarter to $0.79 per unit (an annualized rate of $3.16 per unit), payable on May 14, 2010 to all unitholders of record as of the close of trading on May 7, 2010. The announced distribution represents an 8.2% increase over the cash distribution of $0.73 for the 2009 Quarter and a 1.9% increase over the cash distribution of $0.775 for the fourth quarter of 2009.
"ARLP entered 2010 optimistic about performance this year and our first quarter results confirm that our expectations were well founded," said Joseph W. Craft III, President and Chief Executive Officer. "Record operating and financial results for the first quarter reflect the strength of ARLP's coal supply contracts and the benefits realized from increased production at our new River View mine. We are particularly proud that these results were accomplished during the safest quarter in ARLP's history."
Consolidated Financial Results
Three Months Ended March 31, 2010 Compared to Three Months Ended March 31, 2009
ARLP continued to benefit from strong contracted coal pricing and commitments as revenues in the 2010 Quarter increased 15.6% to a record $380.7 million. Record revenues reflect higher coal sales volumes, which jumped 14.8% to a record 7.4 million tons in the 2010 Quarter, compared to 6.4 million tons sold in the 2009 Quarter, and increased average coal sales prices, which rose $0.75 per ton sold to a record $49.34.
Production volumes also rose 9.8% in the 2010 Quarter to a record 7.5 million tons, compared to 6.9 million tons in the 2009 Quarter, primarily due to increased production levels at the River View mine. As expected, operating expenses increased in the 2010 Quarter as record coal production volumes drove costs higher, particularly labor-related expenses, materials and supplies expenses and sales-related expenses. Higher costs associated with beginning coal inventories also contributed to increased operating expenses in the 2010 Quarter. These increases were partially offset by reduced contract mining expenses, which were $2.2 million lower in the 2010 Quarter compared to the 2009 Quarter.
Financial results for the 2010 Quarter were also impacted by higher depreciation, depletion and amortization, which increased to $36.3 million, compared to $27.4 million in the 2009 Quarter, primarily as a result of capital expenditures related to ARLP's continuing growth initiatives.
Trading Spotlight
19.07.2010 16:06
Alliance Resource Partners, L.P.: Limited Production Resumed at Pattiki Mine
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that its wholly-owned subsidiary White County Coal, LLC ("White County Coal") has resumed limited production at the Pattiki mine located near the city of Carmi in White County, Illinois. On May 13, 2010, White County Coal temporarily suspended coal production at Pattiki following the failure of the vertical belt system used in conveying raw coal out of the mine.
The Pattiki mine resumed production with three continuous mining shifts. White County Coal continues to assess the effectiveness and reliability of repairs to the vertical conveyer belt system and is not yet certain when it will be able to operate at full capacity. Although coal production operations at the Pattiki mine were completely suspended for approximately eight weeks and has resumed at restricted levels, ARLP currently anticipates that the vertical belt failure will not have a material adverse impact on the Partnership's results.
The Pattiki mine produces high-sulfur coal from the Illinois No. 6 coal seam utilizing continuous mining units and room-and-pillar techniques. Prior to the vertical belt failure, Pattiki operated eight continuous mining shifts producing approximately 210,000 tons of coal per month during 2010. With three continuous mining shifts in operation, White County Coal currently anticipates coal production from the Pattiki mine of approximately 83,000 tons per month.
Alliance Resource Partners, L.P.: Limited Production Resumed at Pattiki Mine
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that its wholly-owned subsidiary White County Coal, LLC ("White County Coal") has resumed limited production at the Pattiki mine located near the city of Carmi in White County, Illinois. On May 13, 2010, White County Coal temporarily suspended coal production at Pattiki following the failure of the vertical belt system used in conveying raw coal out of the mine.
The Pattiki mine resumed production with three continuous mining shifts. White County Coal continues to assess the effectiveness and reliability of repairs to the vertical conveyer belt system and is not yet certain when it will be able to operate at full capacity. Although coal production operations at the Pattiki mine were completely suspended for approximately eight weeks and has resumed at restricted levels, ARLP currently anticipates that the vertical belt failure will not have a material adverse impact on the Partnership's results.
The Pattiki mine produces high-sulfur coal from the Illinois No. 6 coal seam utilizing continuous mining units and room-and-pillar techniques. Prior to the vertical belt failure, Pattiki operated eight continuous mining shifts producing approximately 210,000 tons of coal per month during 2010. With three continuous mining shifts in operation, White County Coal currently anticipates coal production from the Pattiki mine of approximately 83,000 tons per month.
ALLIANCE RESOURCE PARTNERS, L.P. Announces Record Coal Sales Volumes and Pricing Lead to Record Quarterly Revenues, EBITDA and Net Income; Quarterly Cash Distribution Increased 2.5% to $0.81 Per Unit; 2010 Guidance Increased
TULSA, Okla., Jul 26, 2010 (BUSINESS WIRE) --
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record financial results for the quarter ended June 30, 2010 (the "2010 Quarter"). Strong increases to coal sales volumes and average realized pricing drove revenues in the 2010 Quarter to a record $400.3 million, an increase of 31.7% compared to the quarter ended June 30, 2009 (the "2009 Quarter"). ARLP also posted records in the 2010 Quarter for EBITDA, which increased 67.3% to $129.0 million, and net income, which climbed 106.1% to $85.5 million, or $1.82 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2010 Quarter to $0.81 per unit (an annualized rate of $3.24 per unit), payable on August 13, 2010 to all unitholders of record as of the close of trading on August 6, 2010. The announced distribution represents an 8.7% increase over the cash distribution of $0.745 for the 2009 Quarter and a 2.5% increase over the cash distribution of $0.79 for the first quarter of 2010.
"ARLP continued to benefit from our ongoing growth initiatives and strong sales contract position as we again delivered record results for the second quarter and first half of 2010," said Joseph W. Craft III, President and Chief Executive Officer. "These results, supported by our continuing expectations for a tenth consecutive year of record performance in 2010 and visible growth opportunities in the future, gave our Board of Directors the confidence to increase ARLP's quarterly unitholder distribution growth rate by 25% above the 2% per quarter rate of growth we have followed for the last seven quarters."
Consolidated Financial Results
Three Months Ended June 30, 2010 Compared to Three Months Ended June 30, 2009
Record revenues in the 2010 Quarter were driven primarily by increased coal sales volumes and ARLP's strong coal sales contract position. Increased tons sold from the River View and Mettiki mines pushed coal sales volumes in the 2010 Quarter to a record 7.5 million tons, an increase of 19.9% over the 6.2 million tons sold in the 2009 Quarter. Primarily reflecting improved pricing under ARLP's coal sales contracts, average coal sales prices in the 2010 Quarter rose 11.9% to a record $51.53 per ton sold. Other sales and operating revenues, which jumped 60.9% primarily due to increased third-party sales of mine safety equipment at Matrix Design Group, also contributed to higher revenues in the 2010 Quarter.
Production volumes rose 9.4% in the 2010 Quarter to 6.9 million tons, compared to 6.3 million tons in the 2009 Quarter, primarily as a result of increased coal production at the River View mine. Expenses related to increased coal production and sales volumes drove operating expenses higher in the 2010 Quarter, and particularly impacted materials and supplies expenses and sales-related expenses. Higher operating expenses also reflect expenses related to production disruptions at the Dotiki and Pattiki mining operations during the 2010 Quarter.
Financial results for the 2010 Quarter compared to the 2009 Quarter were also impacted by higher depreciation, depletion and amortization, up $7.4 million to $35.7 million, outside coal purchases, which jumped $4.1 million due to increased sales into the export market, and general and administrative expenses, which rose $2.3 million primarily as a result of increased incentive compensation expense.
Six Months Ended June 30, 2010 Compared to Six Months Ended June 30, 2009
For the six months ended June 30, 2010 (the "2010 Period"), ARLP reported records for all major operating and financial metrics. Led by increased production and sales volumes at River View, tons produced climbed 9.6% and tons sold jumped 17.3%, compared to the six months ended June 30, 2009 (the "2009 Period"). Higher coal sales volumes and increased average coal sales prices, which rose $3.11 per ton sold, combined to drive revenues for the 2010 Period up by 23.3%, compared to the 2009 Period, to $781.0 million while EBITDA for the 2010 Period increased 34.1% to $247.9 million, compared to EBITDA of $184.9 million for the 2009 Period. Net income for the 2010 Period increased 40.8% to $160.4 million, or $3.38 of net income per basic and diluted limited partner unit, compared to net income of $114.0 million, or $2.28 of net income per basic and diluted limited partner unit, for the 2009 Period.
TULSA, Okla., Jul 26, 2010 (BUSINESS WIRE) --
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported record financial results for the quarter ended June 30, 2010 (the "2010 Quarter"). Strong increases to coal sales volumes and average realized pricing drove revenues in the 2010 Quarter to a record $400.3 million, an increase of 31.7% compared to the quarter ended June 30, 2009 (the "2009 Quarter"). ARLP also posted records in the 2010 Quarter for EBITDA, which increased 67.3% to $129.0 million, and net income, which climbed 106.1% to $85.5 million, or $1.82 of net income per basic and diluted limited partner unit. (For a discussion of our net income presentation and a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2010 Quarter to $0.81 per unit (an annualized rate of $3.24 per unit), payable on August 13, 2010 to all unitholders of record as of the close of trading on August 6, 2010. The announced distribution represents an 8.7% increase over the cash distribution of $0.745 for the 2009 Quarter and a 2.5% increase over the cash distribution of $0.79 for the first quarter of 2010.
"ARLP continued to benefit from our ongoing growth initiatives and strong sales contract position as we again delivered record results for the second quarter and first half of 2010," said Joseph W. Craft III, President and Chief Executive Officer. "These results, supported by our continuing expectations for a tenth consecutive year of record performance in 2010 and visible growth opportunities in the future, gave our Board of Directors the confidence to increase ARLP's quarterly unitholder distribution growth rate by 25% above the 2% per quarter rate of growth we have followed for the last seven quarters."
Consolidated Financial Results
Three Months Ended June 30, 2010 Compared to Three Months Ended June 30, 2009
Record revenues in the 2010 Quarter were driven primarily by increased coal sales volumes and ARLP's strong coal sales contract position. Increased tons sold from the River View and Mettiki mines pushed coal sales volumes in the 2010 Quarter to a record 7.5 million tons, an increase of 19.9% over the 6.2 million tons sold in the 2009 Quarter. Primarily reflecting improved pricing under ARLP's coal sales contracts, average coal sales prices in the 2010 Quarter rose 11.9% to a record $51.53 per ton sold. Other sales and operating revenues, which jumped 60.9% primarily due to increased third-party sales of mine safety equipment at Matrix Design Group, also contributed to higher revenues in the 2010 Quarter.
Production volumes rose 9.4% in the 2010 Quarter to 6.9 million tons, compared to 6.3 million tons in the 2009 Quarter, primarily as a result of increased coal production at the River View mine. Expenses related to increased coal production and sales volumes drove operating expenses higher in the 2010 Quarter, and particularly impacted materials and supplies expenses and sales-related expenses. Higher operating expenses also reflect expenses related to production disruptions at the Dotiki and Pattiki mining operations during the 2010 Quarter.
Financial results for the 2010 Quarter compared to the 2009 Quarter were also impacted by higher depreciation, depletion and amortization, up $7.4 million to $35.7 million, outside coal purchases, which jumped $4.1 million due to increased sales into the export market, and general and administrative expenses, which rose $2.3 million primarily as a result of increased incentive compensation expense.
Six Months Ended June 30, 2010 Compared to Six Months Ended June 30, 2009
For the six months ended June 30, 2010 (the "2010 Period"), ARLP reported records for all major operating and financial metrics. Led by increased production and sales volumes at River View, tons produced climbed 9.6% and tons sold jumped 17.3%, compared to the six months ended June 30, 2009 (the "2009 Period"). Higher coal sales volumes and increased average coal sales prices, which rose $3.11 per ton sold, combined to drive revenues for the 2010 Period up by 23.3%, compared to the 2009 Period, to $781.0 million while EBITDA for the 2010 Period increased 34.1% to $247.9 million, compared to EBITDA of $184.9 million for the 2009 Period. Net income for the 2010 Period increased 40.8% to $160.4 million, or $3.38 of net income per basic and diluted limited partner unit, compared to net income of $114.0 million, or $2.28 of net income per basic and diluted limited partner unit, for the 2009 Period.
Q3 war etwas schwächer als Q2; könnte sein, dass sich der aktuelle Ärger in Queensland positiv für Alliance auswirkt...
Kurs ist so stark gestiegen, dass die Ausschüttungsrendite nur noch 5,4% beträgt.
Alliance Resource Partners, L.P. Reports Eleventh Consecutive Year of Record Financial Results With Net Income Up 21.3% for the 2011 Year; Increases Quarterly Unitholder Distribution 3.7% to $0.99 Per Unit
Provides Guidance for Additional Growth in 2012
TULSA, Okla.--(BUSINESS WIRE)--Jan. 27, 2012-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported that it achieved record financial results for the eleventh consecutive year, with records for revenues, EBITDA, net income and net income per basic and diluted limited partner unit for the year ended December 31, 2011 (the "2011 Period"). Revenues for the 2011 Period climbed to $1.8 billion, an increase of 14.5% compared to the year ended December 31, 2010 (the "2010 Period"). Increased revenues contributed to higher EBITDA, up 14.3% to $570.8 million, net income, which jumped 21.3% to $389.4 million, and net income per basic and diluted limited partner unit, which rose 21.7% to $8.13 per unit. (For a discussion of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
For the quarter ended December 31, 2011 (the “2011 Quarter”), revenues increased 13.4% to $474.6 million, compared to the quarter ended December 31, 2010 (the “2010 Quarter”). Net income and net income per basic and diluted limited partner unit were also higher in the 2011 Quarter, as net income increased 5.0% to $91.7 million and net income per basic and diluted limited partner unit climbed 6.0% to $1.93 per unit. EBITDA for the 2011 Quarter decreased slightly by 2.3% to $129.2 million.
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the fifteenth consecutive quarter. The distribution for the 2011 Quarter rose to $0.99 per unit (an annualized rate of $3.96 per unit), payable on February 14, 2012 to all unitholders of record as of the close of trading on February 7, 2012. The announced distribution represents a 15.1% increase over the cash distribution of $0.86 for the 2010 Quarter and a 3.7% increase over the cash distribution of $0.955 for the 2011 third quarter (the "Sequential Quarter").
"The Alliance team again delivered exceptional results in 2011 as ARLP set new records for all major operating and financial measures. This marks our eleventh consecutive year of record results," said Joseph W. Craft III, President and Chief Executive Officer. "Looking ahead, we remain encouraged that our strategy of expanding ARLP’s presence as a low cost operator in the growing Illinois Basin and Northern Appalachia coal markets will create opportunities for continued growth in the future. Our record setting results and outlook for the future led our Board of Directors to increase ARLP’s quarterly unitholder distribution by an impressive 3.7% over the previous quarter. Based on our current operating plans, ARLP expects quarterly unitholder distributions in 2012 to grow at a pace similar to 2011."
Consolidated Financial Results
Year Ended December 31, 2011 Compared to Year Ended December 31, 2010
Record revenues in the 2011 Period were driven primarily by record coal sales volumes and price realizations due to ARLP’s strong coal sales contract position. Increased tons sold from our River View mine, the resumption of full production capacity at our Pattiki mine in early 2011 and expanded coal brokerage activities resulted in higher volumes for both tons sold, up 5.4% in the 2011 Period to 31.9 million tons, and tons produced, up 6.6% to 30.8 million tons, both as compared to the 2010 Period. As a result of improved pricing under ARLP’s long-term coal sales contracts and increased pricing of export market sales, average coal sales prices increased 9.3% in the 2011 Period to $55.95 per ton sold, compared to $51.21 per ton sold in the 2010 Period.
ARLP’s increased coal sales and production volumes and ongoing cost pressures all contributed to higher operating expenses in the 2011 Period, which rose 12.1% to $1.1 billion. In particular, higher materials and supplies expenses, labor-related expenses, sales-related expenses and maintenance costs impacted operating expenses across all of ARLP’s producing regions. As mentioned above, market dynamics allowed ARLP to expand its coal brokerage activities during the 2011 Period which drove outside coal purchases higher by $37.2 million, compared to the 2010 Period.
Financial results for the 2011 Period compared to the 2010 Period were also impacted by higher depreciation, depletion and amortization, which increased $13.5 million to $160.3 million, primarily as a result of additional depreciation expense associated with capital investments at our River View and Dotiki mines. General and administrative expenses increased minimally to $52.3 million in the 2011 Period, an increase of 3.0% over the 2010 Period, primarily as a result of higher salaries and wages expense. Net interest expense decreased $8.1 million compared to the 2010 Period, primarily as a result of a nonrecurring adjustment in capitalized interest.
As expected, our preferred equity investment in White Oak Resources, LLC (“WOR”) began to impact ARLP’s financial results during the 2011 Period. As a result, net equity in loss of affiliates increased primarily due to the allocation of approximately $4.3 million of losses related to ARLP’s preferred equity interest in WOR.
Three Months Ended December 31, 2011 Compared to Three Months Ended December 31, 2010
For the 2011 Quarter, higher coal sales volumes and increased average coal sales prices, which rose $4.33 per ton sold, combined to drive revenues up 13.4% to $474.6 million, compared to the 2010 Quarter. Net income and net income per basic and diluted limited partner unit were also higher in the 2011 Quarter, as net income increased 5.0% to $91.7 million and net income per basic and diluted limited partner unit climbed 6.0% to $1.93 per unit.
Driven by higher operating expenses and equity in loss of affiliates, EBITDA for the 2011 Quarter decreased 2.3% to $129.2 million. Operating expenses rose 14.3% compared to the 2010 Quarter to $296.7 million, primarily due to the factors discussed above as well as increased costs associated with incidental production at our Tunnel Ridge mine development project and higher expenses related to a scheduled longwall move at our Mountain View mine. Outside coal purchases climbed $19.8 million in the 2011 Quarter due to the previously discussed expansion of ARLP’s brokerage activity. As discussed above, equity in loss of affiliates increased $3.4 million in the 2011 Quarter, primarily as a result of our preferred equity investment in WOR.
Depreciation, depletion and amortization increased $5.8 million to $43.1 million in the 2011 Quarter compared to the 2010 Quarter, primarily as a result of infrastructure and equipment expenditures at various operations. In addition, net interest expense decreased $12.7 million, compared to the 2010 Quarter, primarily as a result of the previously discussed nonrecurring adjustment to capitalized interest.
Provides Guidance for Additional Growth in 2012
TULSA, Okla.--(BUSINESS WIRE)--Jan. 27, 2012-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported that it achieved record financial results for the eleventh consecutive year, with records for revenues, EBITDA, net income and net income per basic and diluted limited partner unit for the year ended December 31, 2011 (the "2011 Period"). Revenues for the 2011 Period climbed to $1.8 billion, an increase of 14.5% compared to the year ended December 31, 2010 (the "2010 Period"). Increased revenues contributed to higher EBITDA, up 14.3% to $570.8 million, net income, which jumped 21.3% to $389.4 million, and net income per basic and diluted limited partner unit, which rose 21.7% to $8.13 per unit. (For a discussion of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
For the quarter ended December 31, 2011 (the “2011 Quarter”), revenues increased 13.4% to $474.6 million, compared to the quarter ended December 31, 2010 (the “2010 Quarter”). Net income and net income per basic and diluted limited partner unit were also higher in the 2011 Quarter, as net income increased 5.0% to $91.7 million and net income per basic and diluted limited partner unit climbed 6.0% to $1.93 per unit. EBITDA for the 2011 Quarter decreased slightly by 2.3% to $129.2 million.
ARLP also announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the fifteenth consecutive quarter. The distribution for the 2011 Quarter rose to $0.99 per unit (an annualized rate of $3.96 per unit), payable on February 14, 2012 to all unitholders of record as of the close of trading on February 7, 2012. The announced distribution represents a 15.1% increase over the cash distribution of $0.86 for the 2010 Quarter and a 3.7% increase over the cash distribution of $0.955 for the 2011 third quarter (the "Sequential Quarter").
"The Alliance team again delivered exceptional results in 2011 as ARLP set new records for all major operating and financial measures. This marks our eleventh consecutive year of record results," said Joseph W. Craft III, President and Chief Executive Officer. "Looking ahead, we remain encouraged that our strategy of expanding ARLP’s presence as a low cost operator in the growing Illinois Basin and Northern Appalachia coal markets will create opportunities for continued growth in the future. Our record setting results and outlook for the future led our Board of Directors to increase ARLP’s quarterly unitholder distribution by an impressive 3.7% over the previous quarter. Based on our current operating plans, ARLP expects quarterly unitholder distributions in 2012 to grow at a pace similar to 2011."
Consolidated Financial Results
Year Ended December 31, 2011 Compared to Year Ended December 31, 2010
Record revenues in the 2011 Period were driven primarily by record coal sales volumes and price realizations due to ARLP’s strong coal sales contract position. Increased tons sold from our River View mine, the resumption of full production capacity at our Pattiki mine in early 2011 and expanded coal brokerage activities resulted in higher volumes for both tons sold, up 5.4% in the 2011 Period to 31.9 million tons, and tons produced, up 6.6% to 30.8 million tons, both as compared to the 2010 Period. As a result of improved pricing under ARLP’s long-term coal sales contracts and increased pricing of export market sales, average coal sales prices increased 9.3% in the 2011 Period to $55.95 per ton sold, compared to $51.21 per ton sold in the 2010 Period.
ARLP’s increased coal sales and production volumes and ongoing cost pressures all contributed to higher operating expenses in the 2011 Period, which rose 12.1% to $1.1 billion. In particular, higher materials and supplies expenses, labor-related expenses, sales-related expenses and maintenance costs impacted operating expenses across all of ARLP’s producing regions. As mentioned above, market dynamics allowed ARLP to expand its coal brokerage activities during the 2011 Period which drove outside coal purchases higher by $37.2 million, compared to the 2010 Period.
Financial results for the 2011 Period compared to the 2010 Period were also impacted by higher depreciation, depletion and amortization, which increased $13.5 million to $160.3 million, primarily as a result of additional depreciation expense associated with capital investments at our River View and Dotiki mines. General and administrative expenses increased minimally to $52.3 million in the 2011 Period, an increase of 3.0% over the 2010 Period, primarily as a result of higher salaries and wages expense. Net interest expense decreased $8.1 million compared to the 2010 Period, primarily as a result of a nonrecurring adjustment in capitalized interest.
As expected, our preferred equity investment in White Oak Resources, LLC (“WOR”) began to impact ARLP’s financial results during the 2011 Period. As a result, net equity in loss of affiliates increased primarily due to the allocation of approximately $4.3 million of losses related to ARLP’s preferred equity interest in WOR.
Three Months Ended December 31, 2011 Compared to Three Months Ended December 31, 2010
For the 2011 Quarter, higher coal sales volumes and increased average coal sales prices, which rose $4.33 per ton sold, combined to drive revenues up 13.4% to $474.6 million, compared to the 2010 Quarter. Net income and net income per basic and diluted limited partner unit were also higher in the 2011 Quarter, as net income increased 5.0% to $91.7 million and net income per basic and diluted limited partner unit climbed 6.0% to $1.93 per unit.
Driven by higher operating expenses and equity in loss of affiliates, EBITDA for the 2011 Quarter decreased 2.3% to $129.2 million. Operating expenses rose 14.3% compared to the 2010 Quarter to $296.7 million, primarily due to the factors discussed above as well as increased costs associated with incidental production at our Tunnel Ridge mine development project and higher expenses related to a scheduled longwall move at our Mountain View mine. Outside coal purchases climbed $19.8 million in the 2011 Quarter due to the previously discussed expansion of ARLP’s brokerage activity. As discussed above, equity in loss of affiliates increased $3.4 million in the 2011 Quarter, primarily as a result of our preferred equity investment in WOR.
Depreciation, depletion and amortization increased $5.8 million to $43.1 million in the 2011 Quarter compared to the 2010 Quarter, primarily as a result of infrastructure and equipment expenditures at various operations. In addition, net interest expense decreased $12.7 million, compared to the 2010 Quarter, primarily as a result of the previously discussed nonrecurring adjustment to capitalized interest.
habe mich deswegen:
http://brontecapital.blogspot.de/2013/03/further-exploring-c…
mal bis auf ein Erinnerungsstück getrennt...
http://brontecapital.blogspot.de/2013/03/further-exploring-c…
mal bis auf ein Erinnerungsstück getrennt...
Antwort auf Beitrag Nr.: 44.253.501 von R-BgO am 14.03.13 17:54:45interessant: der Kursgewinn wurde nicht der AbgSt unterworfen...
Kurserholung in den letzten Wochen und Monaten!.Ganz gut gehalten!.
noch jemand investiert hier?
Antwort auf Beitrag Nr.: 47.823.176 von Highjumper2 am 19.09.14 11:29:37habe noch mein inzwischen gesplittetes Erinnerungsstück...
Kurs ist zwar mächtig runter, aber die Zahlen sehen (noch?) weiter gut aus...
Kurs ist zwar mächtig runter, aber die Zahlen sehen (noch?) weiter gut aus...
Rutschen wir auch hier im neuen Jahr unter die Marke von 10$Dollar ?.Kohle + deren Kohleproduzenten haben es zur Zeit echt schwer. Die Frage ist auch hier wo werden wir hier einen Boden bilden können ?.
Schöne Analyse eines Blogger-Kollegen, auch wenn ich die Konkurrenzsituation etwas weniger optimistisch einschätze. Die schlingernden Konkurrenten werden reihenweise unter Chapter 11 fallen, ihre Schulden loswerden und weiter fördern. Das wird auch den Druck auf die Preise von ARLP verstärken, so dass es schwierig sein dürfte, die Gewinne dauerhaft zu halten und dem entsprechend auf diesem hohen Niveau die Dividenden beizubehalten. Als Depotbeimischung finde ich ARLP dennoch interessant, auch eine Halbierung der Dividende wäre ja noch immer ein Highlight. Und der Aktienkurs dürfte schon das meiste "eingesteckt" haben, jetzt bei 12,30 EUR...
Neuester Kauf: Alliance Ressource – 20% Dividende
1. JANUAR 2016 - Mitte Dezember habe ich mir Aktien von Alliance Ressource (ARLP) ins Depot geholt. 80 Aktien zu einem Kurs von 12,61€/Stück. Somit belaufen sich die Gesamtkosten auf 1016,30€. Ich hatte das Unternehmen schon seit längerer Zeit im Visier und konnte mich nun endlich zu einem Kauf bewegen. Aktuell liegt die Dividende bei 20%. Warum ARLP ein tolles Unternehmen ist und die Dividende sicher ist, erkläre ich heute in diesem Beitrag.
weiterlesen...
Neuester Kauf: Alliance Ressource – 20% Dividende
1. JANUAR 2016 - Mitte Dezember habe ich mir Aktien von Alliance Ressource (ARLP) ins Depot geholt. 80 Aktien zu einem Kurs von 12,61€/Stück. Somit belaufen sich die Gesamtkosten auf 1016,30€. Ich hatte das Unternehmen schon seit längerer Zeit im Visier und konnte mich nun endlich zu einem Kauf bewegen. Aktuell liegt die Dividende bei 20%. Warum ARLP ein tolles Unternehmen ist und die Dividende sicher ist, erkläre ich heute in diesem Beitrag.
weiterlesen...
Antwort auf Beitrag Nr.: 51.428.646 von sirmike am 06.01.16 21:54:03wenig attraktiv, weil:
So ein Scheiß!
Der deutsche Fiskus läuft wieder mal Amok.
Habe anläßlich umfangreicher Nachbuchungen von comdirect erfahren, dass Monsieur le Schäuble per Schreiben vom 18.1.2016 folgendes erließ:
"Einkommensteuerrechtliche Behandlung der Erträge aus einer Limited Liability Company (LLC), Limited Partnership (LP) oder einer Master Limited Partnership (MLP)
Bestimmte Gesellschaften - beispielsweise in der Rechtsform einer LLC, LP oder einer MLP -, deren Anteile als depotfähige Wertpapiere an einer Börse gehandelt werden, können nach ausländischem Steuerrecht ein Wahlrecht zur Besteuerung als Kapital- oder Personenge- sellschaft haben. Erträge aus solchen Gesellschaften sind für das Steuerabzugsverfahren auch dann als Dividendenerträge i. S. des § 20 Absatz 1 Nummer 1 EStG zu behandeln, wenn nach ausländischem Steuerrecht zur Besteuerung als Personengesellschaft optiert wurde.
Die Anrechnung der ausländischen Quellensteuer findet allein im Veranlagungsverfahren statt. Hinsichtlich der steuerlichen Einordnung beispielsweise einer LLC, LP oder einer MLP als Personengesellschaft oder Kapitalgesellschaft gelten die Grundsätze des BMF-Schreibens vom 19. März 2004 (BStBl I S. 411) unter Berücksichtigung der Ausführungen in Textzif- fer 1.2 des BMF-Schreibens vom 26. September 2014 (BStBl I S. 1258)."
Ergebnis:
Von 100% Distribution lassen die Amis eh' schon nur 60,4% durch und davon tun sich unsere nochmal 26,375% weg. Es bleiben also 34%, die Steuerlast beträgt 76%!.
Von der Anrechnung im Veranlagungsverfahren erwarte ich mir wenig, da in den referenzierten älteren Schreiben ziemlich klar wird, dass die börsennotierten MLP nach deutschem Recht als Körperschaften einzustufen und deswegen keine US-Steuern anzurechnen sind.
Habe inzwischen alles verkauft oder ein Erinnerungsstück behalten bei:
Hi-Crush, Emerge Energy Services, Enbridge Energy Partners, Williams Partners, Energy Transfer Partners (Komplettverkauf)
Northern Tier Energy, Amerigas, Energy Transfer Equity, CONE Midstream, CNX Resources, Enterprise Products, Legacy Reserves, CSI Compressco, USA Compression, Archrock Partners, Buckeye Partners, Blueknight Partners, Boardwalk Pipeline, Alliance Resource Partners, Alliance Holdings, EV Energy Partners, Cheniere Energy Partners, Linn Energy (Erinnerungsstück(e))
Scheinbar ausgenommen vom Problem ist nur Enbridge Energy Management, weil dort nicht die US-Steuer vorabgezogen wird.
Wenigstens sollten die Verluste nun anrechenbar sein...
Werde trotz meiner Skepsis natürlich versuchen, im Anrechnungsverfahren was zu erreichen.
Wie schon gesagt: So ein Scheiß!
So ein Scheiß!
Der deutsche Fiskus läuft wieder mal Amok.
Habe anläßlich umfangreicher Nachbuchungen von comdirect erfahren, dass Monsieur le Schäuble per Schreiben vom 18.1.2016 folgendes erließ:
"Einkommensteuerrechtliche Behandlung der Erträge aus einer Limited Liability Company (LLC), Limited Partnership (LP) oder einer Master Limited Partnership (MLP)
Bestimmte Gesellschaften - beispielsweise in der Rechtsform einer LLC, LP oder einer MLP -, deren Anteile als depotfähige Wertpapiere an einer Börse gehandelt werden, können nach ausländischem Steuerrecht ein Wahlrecht zur Besteuerung als Kapital- oder Personenge- sellschaft haben. Erträge aus solchen Gesellschaften sind für das Steuerabzugsverfahren auch dann als Dividendenerträge i. S. des § 20 Absatz 1 Nummer 1 EStG zu behandeln, wenn nach ausländischem Steuerrecht zur Besteuerung als Personengesellschaft optiert wurde.
Die Anrechnung der ausländischen Quellensteuer findet allein im Veranlagungsverfahren statt. Hinsichtlich der steuerlichen Einordnung beispielsweise einer LLC, LP oder einer MLP als Personengesellschaft oder Kapitalgesellschaft gelten die Grundsätze des BMF-Schreibens vom 19. März 2004 (BStBl I S. 411) unter Berücksichtigung der Ausführungen in Textzif- fer 1.2 des BMF-Schreibens vom 26. September 2014 (BStBl I S. 1258)."
Ergebnis:
Von 100% Distribution lassen die Amis eh' schon nur 60,4% durch und davon tun sich unsere nochmal 26,375% weg. Es bleiben also 34%, die Steuerlast beträgt 76%!.
Von der Anrechnung im Veranlagungsverfahren erwarte ich mir wenig, da in den referenzierten älteren Schreiben ziemlich klar wird, dass die börsennotierten MLP nach deutschem Recht als Körperschaften einzustufen und deswegen keine US-Steuern anzurechnen sind.
Habe inzwischen alles verkauft oder ein Erinnerungsstück behalten bei:
Hi-Crush, Emerge Energy Services, Enbridge Energy Partners, Williams Partners, Energy Transfer Partners (Komplettverkauf)
Northern Tier Energy, Amerigas, Energy Transfer Equity, CONE Midstream, CNX Resources, Enterprise Products, Legacy Reserves, CSI Compressco, USA Compression, Archrock Partners, Buckeye Partners, Blueknight Partners, Boardwalk Pipeline, Alliance Resource Partners, Alliance Holdings, EV Energy Partners, Cheniere Energy Partners, Linn Energy (Erinnerungsstück(e))
Scheinbar ausgenommen vom Problem ist nur Enbridge Energy Management, weil dort nicht die US-Steuer vorabgezogen wird.
Wenigstens sollten die Verluste nun anrechenbar sein...
Werde trotz meiner Skepsis natürlich versuchen, im Anrechnungsverfahren was zu erreichen.
Wie schon gesagt: So ein Scheiß!
aktuelles KGV 6,1
Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Jointly Announce Simplification Transactions
Company Release - 2/23/2018 7:30 AM ET
TULSA, Okla.--(BUSINESS WIRE)--
Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance Holdings GP, L.P. (NASDAQ: AHGP) (collectively, the “Alliance Partnerships”) jointly announced today an agreement pursuant to which, through a series of transactions (the “Simplification Transactions”), AHGP would become a wholly owned subsidiary of ARLP and all of the ARLP common units held by AHGP and its subsidiaries (the “Exchange Units”) would be distributed to the unitholders of AHGP in exchange for their AHGP common units.
The Simplification Transactions also contemplate that ARLP will issue ARLP common units in exchange for the 1.0001% general partner interest in Alliance Resource Operating Partners, L.P. and the 0.001% managing membership interest in Alliance Coal, LLC. The number of ARLP common units issued in exchange for these interests will be calculated based on ARLP’s last quarterly unitholder distribution prior to the closing of the Simplification Transactions and will provide the same cash flow from distributions attributable to the newly issued units after the exchange as would have been paid to the interests if not for the exchange. Based on ARLP’s last quarterly distribution of $0.51 per ARLP common unit, ARLP would issue in exchange for these interests approximately 1,320,377 ARLP common units upon closing of the Simplification Transaction.
Upon the consummation of the Simplification Transactions, all of the outstanding AHGP common units will be canceled and cease to be publicly traded. The Simplification Transactions are structured such that each AHGP unitholder will hold directly after the transactions the same economic share of ARLP and its subsidiaries that it held indirectly through AHGP before the transactions. The Simplification Transactions are intended to simplify the organizational structure of the Alliance Partnerships, increase investor transparency, attract a broader investor base to a single, larger entity with increased public float and greater liquidity and eliminate the duplicative costs required to maintain two public companies.
The terms of the agreement (the “Simplification Agreement”) were approved by both the board of directors of AHGP’s general partner and ARLP’s general partner. Vinson & Elkins LLP served as legal advisor in connection with the transactions.
The closing of the Simplification Transactions, which is currently expected to occur in the second or third quarter of 2018, is subject to the satisfaction of customary closing conditions, including the approval of the Simplification Agreement by the affirmative vote or consent of holders of a majority of the outstanding AHGP common units, and the effectiveness of a registration statement on Form S-4 to be filed with the Securities and Exchange Commission (the “SEC”) by ARLP with respect to the distribution of the Exchange Units. Certain AHGP unitholders that collectively own a majority of the outstanding AHGP common units have agreed to deliver a written consent with respect to such units approving the Simplification Agreement.
Company Release - 2/23/2018 7:30 AM ET
TULSA, Okla.--(BUSINESS WIRE)--
Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance Holdings GP, L.P. (NASDAQ: AHGP) (collectively, the “Alliance Partnerships”) jointly announced today an agreement pursuant to which, through a series of transactions (the “Simplification Transactions”), AHGP would become a wholly owned subsidiary of ARLP and all of the ARLP common units held by AHGP and its subsidiaries (the “Exchange Units”) would be distributed to the unitholders of AHGP in exchange for their AHGP common units.
The Simplification Transactions also contemplate that ARLP will issue ARLP common units in exchange for the 1.0001% general partner interest in Alliance Resource Operating Partners, L.P. and the 0.001% managing membership interest in Alliance Coal, LLC. The number of ARLP common units issued in exchange for these interests will be calculated based on ARLP’s last quarterly unitholder distribution prior to the closing of the Simplification Transactions and will provide the same cash flow from distributions attributable to the newly issued units after the exchange as would have been paid to the interests if not for the exchange. Based on ARLP’s last quarterly distribution of $0.51 per ARLP common unit, ARLP would issue in exchange for these interests approximately 1,320,377 ARLP common units upon closing of the Simplification Transaction.
Upon the consummation of the Simplification Transactions, all of the outstanding AHGP common units will be canceled and cease to be publicly traded. The Simplification Transactions are structured such that each AHGP unitholder will hold directly after the transactions the same economic share of ARLP and its subsidiaries that it held indirectly through AHGP before the transactions. The Simplification Transactions are intended to simplify the organizational structure of the Alliance Partnerships, increase investor transparency, attract a broader investor base to a single, larger entity with increased public float and greater liquidity and eliminate the duplicative costs required to maintain two public companies.
The terms of the agreement (the “Simplification Agreement”) were approved by both the board of directors of AHGP’s general partner and ARLP’s general partner. Vinson & Elkins LLP served as legal advisor in connection with the transactions.
The closing of the Simplification Transactions, which is currently expected to occur in the second or third quarter of 2018, is subject to the satisfaction of customary closing conditions, including the approval of the Simplification Agreement by the affirmative vote or consent of holders of a majority of the outstanding AHGP common units, and the effectiveness of a registration statement on Form S-4 to be filed with the Securities and Exchange Commission (the “SEC”) by ARLP with respect to the distribution of the Exchange Units. Certain AHGP unitholders that collectively own a majority of the outstanding AHGP common units have agreed to deliver a written consent with respect to such units approving the Simplification Agreement.
Umbuchung kam heute, jetzt gibt es nur noch ARLP
Antwort auf Beitrag Nr.: 57.917.799 von R-BgO am 06.06.18 08:28:50Ist hier noch jemand aktiv ???
Dividende sieht ja schön aus. Hat sich in Sachen Besteuerung was geändert bei Verkauf und Dividende?
Dividende sieht ja schön aus. Hat sich in Sachen Besteuerung was geändert bei Verkauf und Dividende?
Antwort auf Beitrag Nr.: 57.917.799 von R-BgO am 06.06.18 08:28:50Ist hier noch jemand aktiv ???
Dividende sieht ja schön aus. Hat sich in Sachen Besteuerung was geändert bei Verkauf und Dividende?
https://seekingalpha.com/news/3375106-alliance-resource-part…
Dividende sieht ja schön aus. Hat sich in Sachen Besteuerung was geändert bei Verkauf und Dividende?
https://seekingalpha.com/news/3375106-alliance-resource-part…
Am Montag EX-Tag 0,52 USD
aktuelles KGV 7x
Ist hier noch jemand drin? Bin gestern mal eingestiegen.
Warum bist Du hier denn eingestiegen ?
Das lohnt sich wegen der Besteuerung doch überhaupt nicht.
Der Rotz ist ein sogenannter Master Limited Partnership (MLP )
Es sei denn Du bist Amerikaner dann lohnt es sich eventuell.
Das lohnt sich wegen der Besteuerung doch überhaupt nicht.
Der Rotz ist ein sogenannter Master Limited Partnership (MLP )
Es sei denn Du bist Amerikaner dann lohnt es sich eventuell.
Als Erklärung :
Es gibt keine Dividende sondern Distribution ( Verteilung-Ausschüttung ) aus nicht versteuerten Gewinn
sprich...als Ausländer musst Du dann den Höchststeuersatz in den USA als Stuer zahlen es sei denn Du bist US Bürger und bist dort Steuerpflichtig.
Die Steuer beträgt aktuell 39,6 % dann wird Dir in Deutschland nochmals 25% + Kirchensteuer und Soli abgezogen. Dabei ist es egal wieviel Steuer du schon in den USA bezahlt hast.Da MLP nicht im Doppelbesteuerungsabkommen D-USA vorkommen.
Sprich von 100 Cent bleiben noch runde 43 Cent übrig,als runde 60% Steuern.
Es gibt keine Dividende sondern Distribution ( Verteilung-Ausschüttung ) aus nicht versteuerten Gewinn
sprich...als Ausländer musst Du dann den Höchststeuersatz in den USA als Stuer zahlen es sei denn Du bist US Bürger und bist dort Steuerpflichtig.
Die Steuer beträgt aktuell 39,6 % dann wird Dir in Deutschland nochmals 25% + Kirchensteuer und Soli abgezogen. Dabei ist es egal wieviel Steuer du schon in den USA bezahlt hast.Da MLP nicht im Doppelbesteuerungsabkommen D-USA vorkommen.
Sprich von 100 Cent bleiben noch runde 43 Cent übrig,als runde 60% Steuern.
Oh, da habe ich was übersehen. Bin zu hastig eingestiegen, hatte den Wert gerade erst entdeckt. Wollte erst bei Peabody einsteigen. Bin heute wieder raus , als kleiner Wermutstropfen mit +11%. Danke für die Info.
Aktuell ist der Kurs bei 9,30 Euro...
Ja die Steuerabzüge sind ärgerlich....aber nun bin ich eingestiegen....selbst bei der hohen Steuerlast von 60 % bleiben gute 8-10 % Rendite übrig. Das nehme ich doch gerne mit ....noch dazu ist der Wert der Aktie unterirdisch...sprich man hat 2 Chancen....a Dividende + Kurschance...
Viele grüße Nudossi73
Ja die Steuerabzüge sind ärgerlich....aber nun bin ich eingestiegen....selbst bei der hohen Steuerlast von 60 % bleiben gute 8-10 % Rendite übrig. Das nehme ich doch gerne mit ....noch dazu ist der Wert der Aktie unterirdisch...sprich man hat 2 Chancen....a Dividende + Kurschance...
Viele grüße Nudossi73
Ich habe mir auch überlegt drin zubleiben und vor Dividendenstichtag zu verkaufen und Ex Dividende zu kaufen. War mir dann aber zu blöd. Ich bin jetzt in Stanmore Coal eingestiegen. Ist zwar metallurgiesche Kohle, aber dass kann man eh nicht so trennen. Viele Grüße bauer85
nun der Kurs geht immer tiefer....werde hier nachkaufen,selbst nach den Steuerabzügen bleibt noch genug hängen bei den tiefen Kurs... Jeder Cent tiefer im EK ist gut von daher passt es :-)
Ich gehe mal davon aus das nach der heutigen Meldung und dem erreichen des historischen Tief es nochmals kräftig nach unten geht ...6 Dollar Kursziel wäre spitze ....
Ich gehe mal davon aus das nach der heutigen Meldung und dem erreichen des historischen Tief es nochmals kräftig nach unten geht ...6 Dollar Kursziel wäre spitze ....
So ....jetzt passt es....tiefer wird es nicht mehr....Stück für Stück nachkaufen... :-)
Antwort auf Beitrag Nr.: 62.465.262 von Nudossi73 am 23.01.20 15:06:47
Wie setzt sich den die Steuerbelastung zusammen wenn ich fragen darf?
Zitat von Nudossi73: Aktuell ist der Kurs bei 9,30 Euro...
Ja die Steuerabzüge sind ärgerlich....aber nun bin ich eingestiegen....selbst bei der hohen Steuerlast von 60 % bleiben gute 8-10 % Rendite übrig. Das nehme ich doch gerne mit ....noch dazu ist der Wert der Aktie unterirdisch...sprich man hat 2 Chancen....a Dividende + Kurschance...
Viele grüße Nudossi73
Wie setzt sich den die Steuerbelastung zusammen wenn ich fragen darf?
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Alliance Resource Partners - US-Kohle-MLP
