Alliance Resource Partners

ALLIANCE RESOURCE 
PARTNERS, L.P.

ALLIANCE  
HOLDINGS GP, L.P.

PERFECTLY

POSITIONED

2014

ANNUAL   
REPORT

“Coming together is a beginning; keeping together is 
progress; working together is success.” — Henry Ford

FELLOW 

UNITHOLDERS

Excellence has long been the standard for the dedicated men and 
women of Alliance. Once again, determined planning and hard work have 
driven our partnerships to new annual operating and financial milestones, 
delivering our 14th consecutive year of record performance. 

Increased coal sales and production volumes, strong pricing, and lower 
operating expenses were the primary factors that contributed to a record 
$803.7 million in EBITDA, a 17.2 percent improvement over 2013. Net income 
grew 26.4 percent to a record-setting $497.2 million and ARLP’s operations 
delivered the highest production output in our history, growing total coal 
production 5.1 percent to 40.7 million tons in 2014.

Year-over-year production increased nearly 2.6 million tons at Tunnel Ridge, 
helping to drive segment-adjusted EBITDA expense lower by $10.45 per ton 
in our Appalachian region. Volumes were also higher in the Illinois Basin, as 
production at Dotiki increased 12.7 percent over the prior year, and our new 
Gibson South mine added approximately 840,000 tons to production in 2014. 
These increased volumes and other cost-control measures helped to reduce 
our total segment-adjusted EBITDA expense per ton by 3.4 percent in 2014.

Despite facing one of the most challenging coal markets in recent memory, our 
marketing team also delivered record results, selling more tons in 2014 than at 
any time in our history at higher year-over-year average prices. Total coal sales 
volume grew 2.3 percent to 39.7 million tons, helping drive revenues to an  
all-time high of $2.3 billion.

2

2014 | ANNUAL REPORTCOAL SALES AND PRODUCTION 
VOLUMES, REVENUES, NET INCOME, 
AND EBITDA ALL SET NEW ANNUAL 
BENCHMARKS IN 2014.

Naturally, results like these don’t just happen. It takes the commitment of 
all our employees, whether it’s a miner operating equipment underground 
or an accountant building a spreadsheet in an office. Each member of our 
organization came together and contributed to our success. I want to thank  
our incredible team for their dedication and commitment. 

I also want to express gratitude to our unitholders. Your confidence in 
our abilities is as great an inspiration as it is a responsibility. We take our 
partnership with unitholders very seriously and work hard to make it a 
rewarding one. As a result, we’ve increased distributions for 27 consecutive 
quarters. During that time, Alliance Resource Partners, L.P. (ARLP) distributions 
have grown 122 percent while distributions from Alliance Holdings GP, L.P. 
(AHGP) have increased by 218 percent. At 2014 year-end, ARLP’s quarterly 
cash distribution was $0.65 per unit, up 8.6 percent from the prior year; AHGP’s 
was $0.915 per unit, a 10.6 percent increase.

Looking ahead, U.S. coal markets will continue to face significant challenges, 
and many issues are expected to pressure coal prices. However, we are 
confident Alliance is poised for more success. Our strategy is sound and 
our preparation has been diligent. As a result, we are well positioned to 
grow distributable cash flow again in 2015, driving value for unitholders, 
strengthening the company for our employees, and helping ensure a bright 
future for the American energy that relies on the Alliance team’s hard work 
every day.

Cash Flow Growth Drives Distributions
Amounts rounded to the nearest penny. *Adjusted for 2:1 Unit Split.

ARLP Distributions Paid/Unit
AHGP Distributions Paid/Unit

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

March 25, 2015

D
o

l
l

a
r
s

3.5

3.0

2.5

2.0

1.5

1.90

1.60*

2010

3.44

3.10

2.28*

2.47*

2.72

2.08*

2.28

1.81*

2011

2012

2013

2014

3

POSITIONED

TO PRODUCE

A quick glance at ARLP’s mining assets reveals an important fact:  
we are strategically positioned to deliver results. The third-largest coal producer 
in the eastern United States, Alliance operates mining complexes in Illinois, 
Indiana, Kentucky, Maryland, and West Virginia, giving us a presence in both 
the Illinois Basin and Appalachian regions. In 2014, ARLP increased overall 
production by approximately two million tons. 

Heavily invested in the Illinois Basin, our mines are tapping into the second-
largest reserves in the U.S., with 104 billion tons of coal. According to the 
Energy Information Administration, that’s enough to power the country for  
163 years at 2014 consumption levels. Strengthening our position in the region, 
ARLP is also acquiring reserves and making equity investments in a new mining 
complex in southern Illinois.

4

2014 | ANNUAL REPORT2

Coal from our River View Complex can be loaded 

directly from the mine to a barge, offering significant 

transportation savings.

3

8

Production at Dotiki increased 12.7% over 2013.

Our MC Mining Complex increased production by 

25.1% in 2014.

10

Year-over-year production at Tunnel Ridge increased 

nearly 2.6 million tons in 2014.

6b

Our new Gibson South Mine added approximately 

840,000 tons to production in 2014.

11

White Oak Mine No. 1 began longwall production  

in October 2014.

Illinois

Indiana

Ohio

P O S I T I O N E D   T O   P R O D U C E

Pennsylvania

Maryland

13

10

9

West Virginia

Illinois Basin

Appalachia

6a
6b

11

1

2
12
7
3 4 5

Kentucky

8

Virginia

CURRENT MINING OPERATIONS

MINE DEVELOPMENT PROJECTS

12. Sebree Reserve Project 

Estimated reserves: 30 million tons

13. 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

  1. Pattiki Complex
  2. River View Complex
  3. Dotiki Complex
  4. Warrior Complex
  5. Hopkins Complex
  6. Gibson Complex 

a. Gibson North Mine 
b. Gibson South Mine
  7. Sebree Mining Complex
  8. MC Mining Complex
  9. Mettiki Complex
10. Tunnel Ridge Complex

MINE DEVELOPMENT /  
RESERVE INVESTMENT

11. Investment in  
  White Oak Resources 

Estimated reserves: 301 million tons

5

 
 
 
 
 
POSITIONED

FOR SUCCESS

Preparation and hard work have always paved the way for our success, 
and we believe our diligence has once again positioned us for positive results.  
In 2014, ARLP took steps to solidify our position as a low-cost operator for 
several decades into the future. Through strategic acquisitions of an additional 
452.2 million tons of Illinois Basin coal reserves, we increased total coal 
reserves by 50 percent to approximately 1.6 billion tons. 

Acquiring these reserves provides ARLP with optionality and flexibility to 
optimize the efficiency of its mining operations. For example, ARLP plans to 
expand the capacity of our preparation plant at River View in 2015 and move 
three continuous mining units from our Hopkins County Elk Creek mine upon 
its depletion in 2016. These reserve acquisitions also create additional growth 
opportunities for Alliance through future expansion of existing operations and 
development of new mines.

In addition to increased coal reserves, we further strengthened our long-
term coal sales position by securing new commitments for the delivery of 
approximately 30.2 million tons through 2018. ARLP entered 2015 with 
approximately 39.3 million tons contractually priced and committed for this  
year and 28.9 million tons priced and committed for 2016.

Strategic transactions and strong sales give ARLP the ability to efficiently 
extend and expand existing operations, while pursuing new development 
projects to meet future market opportunities. Additional efforts have been made 
to ensure we are able to take advantage of other growth opportunities as well. 
In 2014, we committed to invest up to approximately $50.0 million in natural 
resource minerals over the next two to four years. Purchasing $11.5 million 
of oil and gas mineral interests in the U.S. in 2014 was the first step toward 
developing another growth platform that will complement our strategy to create 
sustainable growth in cash flow, driving value for ARLP unitholders in the future.

“

AT OTHER MINES, ALL THAT MATTERED 
WAS THE BOTTOM LINE, THAT YOU GOT THE 
CHEAPEST THINGS, WHETHER THEY WERE 
RIGHT FOR THE JOB OR NOT. HERE, I’M 
CHALLENGED TO BUY THE RIGHT THING.  

”

– Mike Carlisle, Purchasing Agent, River View

6

2014 | ANNUAL REPORTP O S I T I O N E D   F O R   S U C C E S S

1.6 BILLION

50% Increase  
in Total Coal Reserves

1.1 BILLION

Perfectly Positioned: “Alliance’s low-cost production allows it to profitably 
take advantage of coal supply contracts that other producers can’t make 
money on. Alliance’s strong financial position also allows it to purchase assets 
that other coal companies need to sell in a weak market.”1

THE ALLIANCE STRATEGY FOR SUCCESS
To achieve success, you must plan for it carefully and work for it tirelessly.  
Only then can you achieve the results Alliance has produced. The strategy  
we adhere to includes:

•  Safety First: Safety is our  
primary core value. Alliance 
promotes a culture of safety,  
which is embraced by our  
4,400+ employees.

•  Low-cost Operations: We are 
good stewards of our financial 
resources, cutting costs without 
cutting corners. Efficient methods 
deliver cost-effective results.

•  Strong Customer 

•  High-return Development 

Relationships: Long-standing 
relationships with our customers 
keep our product moving and our 
company profitable. We work hard 
to protect those relationships.

•  Expanding Market 

Opportunities: We never let 
our attention to detail blind us to 
opportunities beyond our current 
projects, operations or scope. To 
find success, you have to be on  
the lookout for success.

Projects: Building long-term value 
is essential to building success. 
High returns are high on our  
priority list.

•  Disciplined Acquisitions: The 
hardest strategy of all. Not every 
opportunity is appropriate. The 
timing isn’t always right. The 
possibilities don’t always match 
the promise. We work hard to make 
sure we take advantage of growth 
opportunities that fit, and equally 
hard to make sure we pass on 
those that don’t.

1  seekingalpha.com, “Update: Alliance Resource Partners Acquires Illinois Basin Supply 

Agreements And Coal Reserves,” January 9, 2015.  

7

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POSITIONED

FOR INNOVATION

Innovation isn’t necessarily the first thing that comes to mind when 
describing companies in a mature industry. As a leader in the coal 
industry, however, ARLP is very familiar with the concept of innovation. In fact, 
our forward-thinking practices are a vital advantage that keep us ahead of  
the competition.

One example of Alliance innovation is the IntelliZone® Proximity Detection 
system. Developed by our wholly owned subsidiary, Matrix Design Group, LLC, 
this safety system utilizes lifesaving technology to help miners stay clear of 
danger zones present around mobile equipment. This leading-edge technology 
was recently observed in action by Joseph A. Main, Assistant Secretary of 
Labor for Mine Safety and Health (MSHA), at our Gibson North mine. The 
official visit underscored our position as an industry leader in the use of safety 
technology and confirmed the importance of being at the forefront of designing 
and installing proximity detection systems at all of our mining operations.

In January 2015, MSHA issued a federal rule requiring all continuous 
miner systems to use proximity detection systems. With “Safety First” as a 
cornerstone of our culture, it’s no surprise ARLP began installing proximity 
detection systems long before there was a legal obligation to do so.

10

2014 | ANNUAL REPORTP O S I T I O N E D   F O R   I N N O V A T I O N

SHUTDOWN ZONE

CM OPERATOR ZONE

CAUTION ZONE

CAUTION ZONE

Our wholly owned subsidiary, Matrix Design Group, LLC, is the industry leader in 
safety and productivity technology in underground mines.

ALLIANCE HAS BEEN A PIONEER 
IN INSTALLING PROXIMITY 
DETECTION TECHNOLOGY ON 
CONTINUOUS MINING MACHINES.1

1  Mine Safety and Health Administration (MSHA), January 2015.

11

POSITIONED

TO LEAD

At ARLP, innovative thinking stretches beyond technology …  
and safety includes more than accident prevention. Our progressive approach 
to health care helps Alliance employees and their families both financially  
and physically. 

On-site Health Centers provide no-copay checkups and treatment at most 
ARLP mines and offices. Available to both employees and their families, Health 
Centers are staffed by a doctor, nurse, or nurse practitioner.

Our HealthCheck annual physicals are provided at no cost to employees and 
their families, and are designed to help detect signs of heart-health diseases, 
including the five biggest cardiovascular reasons for illness and early death 
among Alliance employees and families.

Heart Age is an estimated assessment of the health of your cardiovascular 
system based on scientific projections.1 We want all employees to know their 
heart age and to treat health issues early to protect against silent damage and 
possibly prevent a major heart problem or other severe condition.

The Built to Last Awards recognize ARLP sites for health improvements 
based on results collected during annual HealthCheck events. Rotating 
trophies are presented to the mine and administrative office locations with  
the greatest overall health improvement from the prior year.

Our on-site resources, proactive programs and expert care stem from a 
corporate culture that values people. It’s an innovative practice that keeps  
us healthy and productive, positioning ARLP at the forefront of the industry.

12

1  Framingham Heart Study, sponsored by the National Heart, Lung, and Blood Institute (NHLBI).

2014 | ANNUAL REPORTP O S I T I O N E D   T O   L E A D

“

WE’RE LIKE A BIG FAMILY OUT 
HERE. WE GET ALONG AND STAY 
ON THE SAME PAGE.

–Gene Thomas, Miner Helper, Roof Bolter, General Underground

”

13

POSITIONED FOR

THE FUTURE

Coal critics, as they have done for decades, continue to predict the 
industry’s demise. But the fact remains that every American, on average, 
uses approximately 3.4 tons of coal each year.1 Coal generates 1,850.8 billion 
kW hours of electricity, powering 60 million American homes and 3.4 million 
businesses.2 In 2014, coal was responsible for 39 percent of the electricity 
generated in the United States, more than any other fuel. And the U.S. Energy 
Information Administration says coal will continue to account for the largest 
share of electricity generation through 2030.3

Coal is an essential pillar of American energy. With recoverable reserves 
estimated at more than 256 billion short tons and a demonstrated reserve  
base of 480 billion short tons, U.S. coal resources are larger than the remaining 
natural gas and oil resources combined.4 In fact, coal makes up a staggering 
92 percent of U.S. fossil energy reserves.5

Coal is not going away for hundreds of years. And with a strong balance 
sheet, careful planning, and a proven strategy for success, ARLP is perfectly 
positioned to mine, market, and deliver it to keep our company — and our 
country — running strong.

14

1  National Mining Association, “Coal & Minerals Overview.”
2  countoncoal.org, “Coal: 365.”
3  coalfacts.org.
4  U.S. Energy Information Administration, “U.S. Coal Reserves,” January 21, 2015.
5  National Mining Association, “Coal: America’s Power.”

2014 | ANNUAL REPORTP O S I T I O N E D   F O R   T H E   F U T U R E

2%

U.S. Fossil  
Energy Reserves

COAL

NATURAL GAS

6%

OIL

92%

GLOBALLY, COAL IS EXPECTED TO  
OVERTAKE OIL AS THE MAIN SOURCE  
OF ENERGY BY 2020.1

1  World Coal Association, “Coal’s Role in Fueling the Future.”

15

RIVER VIEW TRULY IS A FAMILY 
AND WE WILL ALWAYS TAKE 
CARE OF OUR OWN AS WELL AS 
THE COMMUNITY AROUND US.

–Ashley Brown, Business Manager 

”

“

16

ARLP Coal – Tons Produced

ARLP Coal – Tons Sold

40.7

38.8

34.8

30.8

28.9

30 

  40 

35 

2014

2013

2012

2011

2010

39.7

38.8

35.2

31.9

30.3

25 

20 

15 

10

10 

15 

20 

25 

30 

35 

40

Million Tons

Million Tons

ARLP Revenues

ARLP EBITDA

$2.30

$2.21

$2.03

$1.84

$1.61

2014

2013

2012

2011

2010

$803.7

$685.9

$581.1

$570.8

$499.5

2.40 

2.20 

2.00 

1.80 

1.60 

1.40 

1.20 

1.00

100 

200 

300 

400 

500 

600 

700 

800

Dollars in Billions

Dollars in Millions

$497.2

$393.5

$389.4

$335.6

$321.0

ARLP Net Income

ARLP Total Assets

2014

2013

2012

2011

2010

$2.29

$2.12

$1.96

$1.73

$1.50

500 

450 

400 

350 

300 

250 

200 

150 

100

1.00 

1.20 

1.40 

1.60 

1.80 

2.00 

2.20 

2.40

Dollars in Millions

Dollars in Billions

ARLP Distributions Paid  Distributions paid per LP unit

AHGP Distributions Paid  Distributions paid per LP unit

$2.47*

$2.28*

$2.08*

$1.81*

$1.60*

2014

2013

2012

2011

2010

$3.44

$3.10

$2.72

$2.28

$1.90

 5.00 

4.00 

3.00 

2.00 

1.00 

0

  0 

1.00 

2.00 

3.00 

4.00

Dollars

Dollars

Amounts rounded to the nearest penny. *Adjusted for 2:1 Unit Split.

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

(in thousands)

2014

2013

2012

2011

2010

Cash flows provided by operating activities

$  739,201

$  704,652

$  555,856

$  573,983

$  520,588

Year Ended December 31

Non-cash compensation expense

Asset retirement obligations

Coal inventory adjustment to market

Equity in loss of affiliates, net

Net (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

Depreciation, depletion and amortization

Interest expense, net

Income tax (expense) benefit

Net income

(11,250)

(2,730)

(377)

(16,648)

-

4,409

-

-

(1,636)

5,151

55,659

31,913

-

803,692

(274,566)

(31,913)

-

(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

685,879

(264,911)

(26,082)

(1,396)

-

(147)

-

(19,031)

-

3,815

41,109

28,455

(1,082)

581,066

(218,122)

(28,455)

1,082

(6,235)

(2,546)

(386)

(3,404)

-

634

-

-

-

(1,488)

(10,870)

21,579

(431)

570,836

(160,335)

(21,579)

431

(4,051)

(2,579)

(498)

-

(274)

(234)

(1,204)

-

-

(1,448)

(42,402)

29,862

1,741

499,501

(146,881)

(29,862)

(1,741)

$  497,213

$  393,490

$  335,571

$  389,353

$  321,017

Net loss attributable to noncontrolling interest

16

-

-

-

-

Net income of ARLP

$  497,229

$  393,490

$  335,571

$  389,353

$  321,017

EBITDA is a financial measure not calculated in accordance with generally 

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).

accepted accounting principles (“GAAP”) and is defined as net income (prior 
to the allocation of noncontrolling interest) 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.

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 2014 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

Alliance Holdings GP, L.P.

E-mail:  
Phone: 
Web site:  www.ahgp.com

investorrelations@ahgp.com 
(918) 295-1415 

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

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 
Alliance Holdings GP, L.P. AHGP

Common Units Outstanding 
at 12/31/2014
ARLP 74,060,634 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.

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. 

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