Alliance Resource Partners Annual Report 2013

FY2013 Annual Report · Alliance Resource Partners

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C O N N E C T

Alliance Resource Partners, L.P. | Alliance Holdings GP, L.P.

2013 Annual Report

Alliance Resource Partners, L.P.’s mission is to connect coal, one of America’s

most crucial natural resources, with electricity generators powering the nation. Serving
as an integral link in a system that provides comfort, enjoyment, opportunity and
economic progress helps define our motivation. Achieving extraordinary success along
the way inspires us to continue this rewarding adventure.

FELLOW UNITHOLDERS

The dedicated men and women of Alliance proudly led our partnerships to a

13th consecutive record-breaking year in 2013. Capitalizing on our strategy to invest in
expanding markets at our low-cost operations, the Alliance team’s ability to overcome
challenges and connect with opportunities lifted production and sales volumes to
record highs. Production totaled 38.8 million tons, up 11.4 percent over 2012 results,
and sales volumes followed suit at 38.8 million tons – a 10.4 percent jump compared
with the prior year.

Credit, again, goes to our employees for their incredible work ethic and

determination to succeed. Their efforts drove revenues to $2.2 billion, surpassing
last year’s milestone by 8.4 percent. Increased volumes also lowered our production
costs on a per ton basis, contributing to net income growth of 17.3 percent to
$393.5 million. Earnings before interest, taxes, depreciation and amortization
(EBITDA)1 rose 18.0 percent to $685.9 million.

To connect unitholders with the ongoing success of the Alliance Partnerships,

distributions have increased for 23 consecutive quarters. During that period
Alliance Resource Partners, L.P. (ARLP) grew distributions by 104.7 percent while
distributions from Alliance Holdings GP, L.P. (AHGP) increased by 187.8 percent. At
2013 year-end, ARLP’s annualized cash distribution was $4.79 per unit, up 8.1 percent
from the prior year; AHGP’s was $3.31 per unit, an 11.8 percent increase.

Looking ahead, near-term fundamentals for coal are improving. With favorable

weather patterns and higher natural gas prices driving increased coal demand, the
U.S. Energy Information Administration (EIA) expects coal industry production to
increase by 3.6 percent in 2014.2 ARLP has benefited from these market dynamics,
securing price commitments for approximately 94 percent of our anticipated coal
sales volume for 2014, with an additional 28.9 million tons committed in 2015 and
23.1 million tons for 2016. These commitments reflect our customers’ confidence in
ARLP and help create additional value for our unitholders.

2013 ARLP Production
38.8 Million Tons

16%

17%

ARLP Reserves – 31 Dec 2013
1.1 Billion Tons

Illinois Basin

Northern Appalachia

Central Appalachia

79%

82%

Cash Flow Growth
Drives Distributions

» ARLP Distributions Paid/Unit

» AHGP Distributions Paid/Unit

*Company filings.

D
o

l
l

a
r
s

23 Consecutive Quarters of Increased Distributions*

$2.95

$1.69

$3.21

$1.90

$3.63

CAGR 11.5%

$4.16

$2.72

$2.28

CAGR 16.3%

$4.57

$3.10

2009

2010

2011

2012

2013

The Alliance Strategy
for Success

» Safety first

» Strong customer
relationships

» Expanding market

opportunities

» Low-cost operations

» High-return

development projects

» Disciplined
acquisitions

Moving forward, we expect coal sales and production volumes to increase again
in 2014, as Tunnel Ridge reaches full capacity and our new Gibson South mine is slated
to begin production in the third quarter of this year.

On a broader horizon, coal will remain a critical fuel source for U.S. electricity

generation for years to come, and we will continue to strengthen and expand our
asset portfolio. Capital expenditures and equity investments, including production
expansion projects related to completion of development at our new Gibson South mine
and reserve acquisitions and funding of the White Oak project, are expected to be in
the range of $400 million to $445 million in 2014.

Diverse power sources complement America’s base-load coal electricity
generation. But the fact remains – no other resource is as plentiful, reliable and
consistently economical as coal. America should continue to embrace our domestic
advantage, unleashing our low-cost coal resources to spur job creation and economic
growth for decades to come.

Coal connects our nation’s consumers with necessities, keeps our economy

humming and provides us with better quality of life.

Alliance’s coal production, which leads to affordable electricity, benefits
everyday citizens, industries, employees and, ultimately, our unitholders. Those
connections drive our commitment to contribute to America’s success and be the
best in the business.

Joseph W. Craft III
President, Chief Executive Officer,
and Director of ARLP and AHGP,
and Chairman of the Board of AHGP

March 25, 2014

1 Please see the inside back cover for a definition of EBITDA and GAAP to non-GAAP reconciliation information.
2 U.S. Energy Information Administration, “Short-term Energy Outlook,” January 7, 2014.

» CONNECT WITH THE ECONOMY

America Plugged In

use the Internet.
Pew Research Center 2013.

91
%

own mobile phones.
Pew Research Center 2013.

99
%

plugged in.
99% of the almost 25 consumer electronic
devices owned by the typical U.S. household
must be plugged in or recharged.
U.S. Environmental Protection Agency
Program Energy Star.

65.9

of American homes have central air-conditioning.
2011 Housing Profile: United States issued July 2013
by the U.S. Department of Housing and Urban
Development and U.S. Department of Commerce.

91
%

consumed.

91% of all coal consumed in the United States
is used for generating electricity.
U.S. Energy Information Agency, 2014 Annual
Energy Outlook – Early Release Overview.

from lighting.

40 lightbulb sockets are located
in the average U.S. house. 20% of
annual household electricity bills
are due to lighting.
U.S. Environmental Protection
Agency Program Energy Star.

In 2013, the average
price of retail residential
electricity was 12.12 cents
per kilowatt-hour (kWh).
Families in the 17 states
that rely on coal for
more than half of their
electricity only paid
11 cents per kWh on
average, whereas
residential electricity in
the 16 states that relied
on coal for less than 15
percent of their electricity
was 45 percent more
expensive at an average
price of almost 16 cents
per kWh.3

Coal: affordable and reliable energy
to power America.

» Roughly 40 percent of all electricity in the
U.S. is coal-generated.1 That single fact makes
it easy to understand why American life is so
intertwined with coal. Appliances, electronics,
conveniences, tools and toys that we rely on,
that keep us connected, are plugged in 24/7.
Keeping energy rates as low as possible

is important to consumers. So is electric
reliability. In 2014, the average American family
will spend 11 percent of after-tax income on
residential and transportation energy. The
burden is even greater for the nearly one-third
of U.S. households in the under-$30,000 per
year income bracket: energy usage will take
a 26 percent bite out of their take-home pay
this year. For lower-income families and fixed-
income seniors, this reduces funds available
for daily necessities such as food, health care
and housing.2

EIA statistics reveal that residential rates

are consistently lower in the 17 states where
coal generates at least half of the electricity.

For example, in West Virginia, where coal
provides 95 percent of the electricity,
families paid 9.52 cents per kWh in 2013,
21 percent below the national average.
Likewise, coal generates 93 percent of
electricity in Kentucky and residents paid
9.71 cents per kWh in 2013. Contrast these
low-cost energy states with residential
power rates in Vermont and Rhode Island –
the nation’s only two states not using coal.
Their average rates for electricity in 2013,
respectively, were 17.15 cents per kWh and
15.47 cents per kWh.3

The good news is that our nation has

enough estimated coal reserves to last almost
300 years based on current consumption.4 Also
important: coal can be efficiently transported
by train, truck or barge when and where it is
needed. Coal is the affordable, stable fuel that
connects consumers with inexpensive and
reliable power.

1 U.S. Energy Information Administration, “Short-term Energy Outlook,” January 7, 2014.
2 American Coalition for Clean Coal Electricity, “Energy Cost Impacts on American Families 2001-2014,” February 2014.
3 U.S. Energy Information Administration, “Electric Power Monthly with Data for December 2013,” February 2014.
4 U.S. Energy Information Administration, “International Energy Outlook 2013,” July 2013.

» CONNECT WITH PEOPLE

Almost

80,000

individuals work in U.S. coal mines each day.1

ARLP invested more than half a billion dollars
in employee salaries and benefits in 2013.

» Coal is a labor-intensive business that fosters
job creation, and is a critical component of our
nation’s economic health.

Industry-wide, almost 80,000 individuals

go to work in U.S. coal mines each day and
earn average salaries of $82,836 per year.1
This direct-job financial contribution to the
economy, though, is only a sliver of the entire
picture. When transportation, upstream
suppliers, contractors and their associated
vendors are added, the U.S. coal industry –
with mines in 25 states – represents 805,680
jobs, $53.4 billion in labor income and $97.5
billion in contributions to the nation’s gross
domestic product.2 Another 500,0003 people
are directly employed by U.S. electricity
generation companies, which depend on
coal for base-load fuel. However, this is only
the beginning. Affordable electricity from
coal spurs economic growth, and states that
rely on coal are better positioned to create
jobs in energy-intensive sectors, such as
manufacturing and advanced technologies.

1 Bureau of Labor Statistics, Quarterly Census Employment and Wages, First Quarter, 2013.
2 National Mining Association, “The Economic Contributions of U.S. Mining,” September 2013.
3 Edison Electric Institute 2014, eei.org/electricity101.

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» CONNECT WITH TECHNOLOGY

Coal powers innovation.

As the fastest-growing fuel in the world, coal is powering a technological
global renaissance. Here in America, our digital lifestyle is also driving growth in
demand for electricity. Coal and the electricity produced from it help fuel the advanced
materials, instruments and knowledge that bring goods, services and leading-edge
inventions to end-users. ARLP stands ready to help connect American ingenuity with
the energy it needs to succeed.

Dependence on Coal for Data Centers Greenpeace International, April 2012.

55.1

49.7

49.5

48.7

39.4

39.3

35.6

33.9

31.6

28.7

20.3

20.1

% Share Electricity from Coal

» Our wholly owned subsidiary, Matrix Design Group, LLC, is the industry leader in safety and
productivity technology for underground mines. The picture below features Matrix’s new
MX3 communications and monitoring system. The system allows operators to communicate
wirelessly, monitor data, control equipment, and perform other advanced functions over a
single high-speed network. For more information about Matrix, visit www.matrixteam.com.

» CONNECT WITH REALITY

Billion Kilowatt-hours

Renewables in Perspective
In 2013, coal continued to serve
as America’s primary source
for electricity generation and is
expected to remain in that role for
years to come.

2013 data from “Electric Power Monthly”
prepared by the Energy Information Agency
(EIA), which is part of the U.S. Department
of Energy.

COAL 1,586.00

WIND 167.67

SOLAR 9.25

Coal is here for the long haul.

» All energy resources are not equal. There are
differences in how power is generated to meet
consumer demand and in the way providers
connect electricity to customers.

Coal is an excellent source of base-load
fuel to keep the nation’s power grid energized.
Coal is easy to transport and stockpile, so it is
there to meet demand 24 hours a day, seven
days a week.

And in America, coal is expected to
serve as a fundamental pillar of base-load

“The Future of Coal: Sector Survives
the Doubters. Coal remains the biggest
source of fuel for generating electricity
in the U.S. Even as coal production has
dropped in Appalachia, it has climbed in
Wyoming and in the country’s midsection.”

The Wall Street Journal, January 8, 2014.

electricity for the foreseeable future. Today,
coal and natural gas account for 67 percent
of our nation’s electricity generation and the
EIA projects coal and natural gas will account
for the exact same percentage in 2040.1 The
reason is clear: America needs fossil fuels
for reliability and needs fuel diversity to keep
prices low.

While the U.S. government continues

to try to prop up renewable energy resources
through generous subsidies and targeted
goals, a similar program launched in Germany

during 1997 provides a cautionary tale:
although 25 percent of Germany’s electricity
was being generated from renewables by
2012, the unreliable power created rolling
brownouts and blackouts. Electricity rates
also skyrocketed to almost triple those in
the United States.2 In response, Germany is
returning to its most stable fuel source: coal.
Germany recently opened its first new coal-
fired plant in eight years, with 10 new coal
power stations to follow in the next two years.3
Fuel diversity is also important. This

was underscored in January 2014 when
record-setting cold snaps hit Eastern U.S. cities
where coal plants have closed. The freezing
temperatures drove natural gas price spikes as
high as $140 per million BTUs, sent wholesale
electricity prices to as much as $2,000 per
megawatt hour, and had utilities asking
customers to conserve electricity in order to
avoid power outages.4

Alliance endorses continued use of

coal as the backbone of U.S. electricity
generation – a strategy that blends regionally
and competitively priced domestic fuels to
best support economic growth. The private
sector can and will continue to champion
technological advancement, with the EIA
reporting that by 2015 more than 90 percent
of U.S. coal-fueled electric generating
capacity will have installed clean-coal
technologies and other advanced emission
controls.5 With these advanced technologies,
America should fully rely upon its plentiful
coal resources to connect American families
and businesses with low-cost energy. That’s
something to celebrate and embrace.

1 U.S. Energy Information Administration, “Annual Energy Outlook 2014 Early Release,” December 16, 2013.
2 The Wall Street Journal, “Germany Reinvents the Energy Crisis,” November 8, 2013.
3 Bloomberg News, “Steag Starts Coal-Fired Power Plant in Germany,” November 15, 2013.
4 American Coalition for Clean Coal Electricity, “Recent Electricity Price Increases and Reliability Issues Due to Coal Plant

Retirements,” February 6, 2014.

5 U.S. Energy Information Administration, “Short-term Energy Outlook,” January 7, 2014.

Illinois

Indiana

Ohio

Pennsylvania

Maryland

West Virginia

Kentucky

Virginia

13 7

4 5

» CONNECT WITH OPPORTUNITY

ARLP looks ahead to visible growth
on the horizon.

» Moody’s Investors Service recently referred
to the Illinois Basin as “the most dynamic
coal-producing region in the U.S. today.”1
Production is booming in this centrally-located
coalfield because utilities have installed new
scrubber technology allowing them to burn
high-sulfur content coal.2

Illinois Basin coal is typically low in

cost, and meets a wide range of customer
requirements. Transportation options by
barge, rail and truck simplify logistics and
make pricing more favorable. All of these
characteristics place Illinois Basin coal in an
attractive and competitive position.

Alliance is the Illinois Basin’s largest

coal producer, and our mines in this region
are strategically located to take advantage of
the benefits of this basin today. For example,
ARLP’s River View complex can load coal
directly from the mine onto a barge. This
infrastructure provides us significant price
improvement when moving our production
to market.

And Alliance connects with the Illinois

Basin’s bright opportunities for the future
through two of our current expansion projects
– the new Gibson South mine development
and our investments in the White Oak project.
We expect Gibson South’s production to begin
in 2014’s third quarter and ultimately ramp
to its full production capacity of about 5.1
million tons. The White Oak mine should begin
longwall production by the fourth quarter of
this year and provide Alliance with long-term
cash flow growth through royalties, throughput
payments and preferred equity distributions.

Meanwhile, operations in our Northern
Appalachia region also provide Alliance with
solid growth. The Tunnel Ridge complex,
our newest mine in that region, is expected
to produce approximately 5.5 million tons in
2014, an increase of 1.8 million tons compared
to last year. With approximately 89.1 million
tons of high-sulfur coal reserves, Tunnel Ridge
is expected to be a significant contributor to
Alliance’s cash flow for decades.

Strategic locations, diverse coal mix

and solid performance history connect ARLP
with impressive natural resources. As a result,
we are the beneficiaries of contract flexibility,
financial stability, optimized production and
dynamic future prospects.

1 Moody’s Investors Service, October 15, 2013.
2 The Wall Street Journal, “In the Midwest, Coal Stages a Comeback,” May 5, 2013.

Illinois

Indiana

Ohio

Pennsylvania

Maryland

West Virginia

Kentucky

Virginia

Illinois Basin

Central Appalachia

Northern Appalachia

6
11

2
13 7
3

4 5

Current Mining Operations

Mine Under Construction

1. Pattiki Complex

2. River View Complex

3. Dotiki Complex

4. Warrior Complex

5. Hopkins Complex

6. Gibson North Complex

7. Sebree Mining Complex

8. MC Mining Complex

9. Mettiki Complex

10. Tunnel Ridge Complex

11. Gibson South Project
Estimated reserves: 75 million tons
Production start-up: third quarter 2014

Mine Development / Reserve Investment

12. Investment in White Oak Resources
Estimated reserves: 289 million tons
Longwall Production start-up:
late third quarter 2014

Mine Development Projects

13. Sebree Reserve Project
Estimated reserves: 30 million tons

14. Penn Ridge Project
Estimated reserves: 57 million tons

Transfer Terminal

Mount Vernon Transfer Terminal
Operates a coal loading terminal in Indiana
on the Ohio River

» CONNECT WITH ALLIANCE

It is incredibly rewarding to know that Alliance coal helps power America every
single day. Those with whom we connect – consumers, employees, investors – all have an
important stake in what we do.

Alliance has established a clear legacy of setting new benchmarks, and rest

assured we do not take our success for granted. This partnership has a responsibility to
connect the dots from the delivery of reliable and affordable coal to electricity generators,
while continuing our track record of growing revenues and expanding profitability. We
will continue improving our performance, meeting strategic objectives and contributing
to America’s energy solution for decades to come.

Clear strategy and focus
Priorities: safety, customer relationships, growth markets, low costs,
high-return projects and disciplined acquisitions

Concentrated in expanding basins
79 percent of production currently in the Illinois Basin; expected to
grow Northern Appalachian production by almost 22 percent in 2014

Well positioned, low-cost producer
Operations meet diverse specifications and offer transportation options

Highly contracted coal sales book
Price commitments for approximately 94 percent of our anticipated
coal sales volume for 2014

Solid balance sheet
Liquidity at 2013 year-end was $519.4 million; leveraged at 1.27 times
total debt to trailing 12-month EBITDA

Exceptional track record
13 consecutive years of superior results

Visible future production growth
Tunnel Ridge, Gibson South and White Oak ramping up in 2014–2016

Strong distribution growth
23 consecutive quarters of increased distribution payments to
ARLP and AHGP unitholders

ARLP Coal – Tons Produced

ARLP Coal – Tons Sold

38.8

34.8

30.8

28.9

25.8

2013

2012

2011

2010

2009

38.8

35.2

31.9

30.3

25.0

Million Tons

ARLP Revenues

ARLP EBITDA

$2.21

$2.03

$1.84

$1.61

$1.23

2013

2012

2011

2010

2009

$685.9

$581.1

$570.8

$499.5

$340.4

2.20

2.00

1.80

1.60

1.40

1.20

1.00

100

200

300

400

500

600

700

Dollars in Billions

Dollars in Millions

$393.5

$389.4

$335.6

$321.0

ARLP Net Income

ARLP Total Assets

2013

2012

2011

2010

$2.12

$1.96

$1.73

$1.50

400

350

300

250

200

150

100

1.00

1.20

1.40

1.60

1.80

2.00

2.20

$192.2

2009

$1.05

Dollars in Millions

Dollars in Billions

ARLP Distributions Paid Distributions paid per LP unit

AHGP Distributions Paid Distributions paid per LP unit

$4.565

$4.1625

$3.6275

$3.205

$2.95

2013

2012

2011

2010

2009

$3.095

$2.7225

$2.275

$1.90

$1.685

5.00

4.00

3.00

2.00

1.00

2.00

3.00

4.00

Dollars

Reconciliation of GAAP “Cash Flows Provided by Operating Activities” to Non-GAAP
“EBITDA” and Non-GAAP “EBITDA” to GAAP “Net Income”

(in thousands)

2013

2012

2011

2010

2009

Cash flows provided by operating activities

$ 704,652

$ 555,856

$ 573,983

$ 520,588

$ 282,741

Year Ended December 31

Non-cash compensation expense

Asset retirement obligations

Coal inventory adjustment to market

Equity in loss of affiliates, net

Net gain (loss) on foreign currency exchange

Net gain (loss) on sale of property, plant and equipment

Loss on retirement of vertical hoist conveyor system

Asset impairment charge

Valuation allowance of deferred tax assets

Other

Net effect of working capital changes

Interest expense, net

Income tax expense (benefit)

EBITDA

(8,896)

(3,004)

(2,811)

(7,428)

(2,853)

(2,978)

(24,441)

(14,650)

(3,475)

(3,483)

6,251

(6,392)

26,082

1,396

(147)

(19,031)

3,815

41,109

28,455

(1,082)

(6,235)

(2,546)

(386)

(3,404)

634

(1,488)

(10,870)

21,579

(431)

(4,051)

(2,579)

(498)

(274)

(234)

(1,204)

(1,448)

(42,402)

29,862

1,741

685,879

581,066

570,836

499,501

Depreciation, depletion and amortization

(264,911)

(218,122)

(160,335)

(146,881)

Interest expense, net

Income tax (expense) benefit

Net income

(26,082)

(1,396)

(28,455)

(21,579)

(29,862)

1,082

431

(1,741)

$ 393,490

$ 335,571

$ 389,353

$ 321,017

$ 192,347

Net loss attributable to noncontrolling interest

(190)

Net income of ARLP

$ 393,490

$ 335,571

$ 389,353

$ 321,017

$ 192,157

EBITDA is a financial measure not calculated in accordance with

generally accepted accounting principles (“GAAP”) and is defined as net
income before net interest expense, income taxes and depreciation,
depletion and amortization. EBITDA is used as a supplemental financial
measure by our management and by external users of our financial
statements such as investors, commercial banks, research analysts and
others, to assess:

» the financial performance of our assets without regard to financing

methods, capital structure or historical cost basis;

» the ability of our assets to generate cash sufficient to pay interest

costs and support our indebtedness;

» our operating performance and return on investment as compared to
those of other companies in the coal energy sector, without regard
to financing or capital structures; and

» the viability of acquisitions and capital expenditure projects and the

overall rates of return on alternative investment opportunities.

EBITDA, should not be considered an alternative to net income,
income from operations, cash flows from operating activities or any other
measure of financial performance presented in accordance with GAAP.
EBITDA is not intended to represent cash flow and does not represent
the measure of cash available for distribution. Our method of computing
EBITDA may not be the same method used to compute similar measures
reported by other companies, or EBITDA may be computed differently by us
in different contexts (e.g., public reporting versus computation under
financing agreements).

(3,582)

(2,678)

(3,030)

653

(136)

(537)

36,440

29,798

708

340,377

(117,524)

(29,798)

(708)

Partnership Tax Details
Unitholders are partners in the partnership and
receive quarterly cash distributions. Cash distributions
generally are not taxable as long as the individual
unitholder’s tax basis remains above zero.

A partnership generally is not subject to federal or
state income tax. The annual income, gains, losses,
deductions or credits of the partnership flow through
to the unitholders, who are required to report their
allocated share of these amounts on their individual
tax returns, as though the unitholder had incurred
these items directly.

Schedule K-1
Unitholders of record receive Schedule K-1
packages that summarize their allocated share of the
partnership’s reportable tax items for the fiscal year.
It is important to note that cash distributions received
should not be reported as taxable income. Only the
amounts provided on the Schedule K-1 should be
entered on each unitholder’s tax return.

Schedule K-1 information also is available on our Web
sites. Please visit www.arlp.com and www.ahgp.com.

Unitholders should refer questions regarding their
Schedule K-1 as follows:

By Mail

K-1 Support
P.O. Box 799060
Dallas, TX 75379-9060

By Phone/Fax

Alliance Resource Partners, L.P.
Phone (800) 485-6875 Fax (866) 554-3842

Alliance Holdings GP, L.P.
Phone (866) 867-4060 Fax (866) 554-3842

Transfer Agent and Registrar
Direct requests regarding transfer of units, lost
certificates, lost distribution checks or address
changes to:

American Stock Transfer and Trust Company
Attn: Shareholder Services
59 Maiden Lane – Plaza Level
New York, NY 10038
(800) 937-5449

Investor Information and Form 10-K
For more information or free copies of the 2013 Form
10-K, please contact the appropriate e-mail address
or phone number listed below. Form 10-K also may
be downloaded from the Partnerships’ Web sites.

Alliance Resource Partners, L.P.

investorrelations@arlp.com
E-mail:
Phone:
(918) 295-7674
Web site: www.arlp.com

General Information
The following information applies to
Alliance Resource Partners, L.P. (ARLP)
and Alliance Holdings GP, L.P. (AHGP)
unless specified otherwise.

Partnership Offices
1717 South Boulder Avenue, Suite 400
Tulsa, OK 74119
(918) 295-7600

Partnership Mailing Address
P.O. Box 22027
Tulsa, OK 74121-2027

Contact
Brian L. Cantrell
Senior Vice President and
Chief Financial Officer
(918) 295-7674
brian.cantrell@arlp.com

Business Structure
Publicly traded master limited partnership.

Common Unit Trading
Common units are traded on the NASDAQ
Global Select Market.

NASDAQ Ticker Symbols
Alliance Resource Partners, L.P. ARLP
AHGP
Alliance Holdings GP, L.P.

Common Units Outstanding
(12/31/2013)
ARLP 36,963,054 common units
AHGP 59,863,000 common units

Independent Auditors
Ernst & Young LLP
1700 One Williams Center
Tulsa, OK 74172

Unitholder Information

Cash Distributions
The partnerships expect to make quarterly
distributions to unitholders of record on the
applicable record dates according to the
following schedules:

Alliance Resource Partners, L.P.

Alliance Holdings GP, L.P.

Within 45 days after the end of each March,
June, September and December.

Alliance Holdings GP, L.P.

Within 50 days after the end of each March,
June, September and December.

investorrelations@ahgp.com
E-mail:
Phone:
(918) 295-1415
Web site: www.ahgp.com

Executive Officers & Directors
ARLP » AHGP »

Joseph W. Craft III » »
President, Chief Executive
Officer, and Director of ARLP
and AHGP, and Chairman of
the Board of AHGP

Brian L. Cantrell » »
Senior Vice President and
Chief Financial Officer

R. Eberley Davis » »
Senior Vice President,
General Counsel and Secretary

Robert G. Sachse »
Executive Vice President

Charles R. Wesley »
Executive Vice President
and Director

Thomas M. Wynne »
Senior Vice President and
Chief Operating Officer

Michael J. Hall » »
Director and Chairman of the
Audit Committee for ARLP
and AHGP, and member of the
Compensation Committee
for ARLP

John P. Neafsey »
Director, Chairman of the
Board of Directors, Chairman
of the Conflicts Committee,
and member of the
Compensation Committee

John H. Robinson »
Director, Chairman of the
Compensation Committee,
and member of the Audit and
Conflicts Committees

Wilson M. Torrence »
Director, member of the Audit,
Compensation and
Conflicts Committees

Thomas M. Davidson, Sr. »
Director, Chairman of the
Conflicts Committee and
member of the Audit Committee

Robert J. Druten »
Director and member of the
Audit and Conflicts Committees

P.O. Box 22027, Tulsa, Oklahoma 74121-2027 | www.arlp.com | www.ahgp.com