Alliance Resource Partners increases distribution 40% to 70c per unit

Alliance Resource Partners announced that the board of directors of ARLP‘s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31. ARLP unitholders will receive a cash distribution for the 2022 Quarter of 70c per unit, payable on February 14 to all unitholders of record as of the close of trading on February 7. The announced distribution represents a 180% increase over the cash distribution of 25c per unit for the quarter ended December 31, 2021 and a 40% increase over the cash distribution of 50c per unit for the quarter ended September 30, 2022.