Alliance Resource Partners, L.P. announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total tons produced were 9,485 compared to 9,707 for the same period a year ago.

For the full year, the company announced total tons produced were 35,244 compared to 41,178 for the same period a year ago.
For the quarter, the company announced total revenues of $527,400,000 compared to $542,152,000 for the same period a year ago. Income from operations was $124,303,000 compared to $6,212,000 for the same period a year ago. Income before income taxes was $119,704,000 compared to $21,479,000 for the same period a year ago. Net income attributable to Alliance Resource Partners, L.P. was $119,595,000 compared to $21,475,000 for the same period a year ago. Limited partners' interest in net income of Alliance Resource Partners, L.P. was $99,407,000 or $1.30 per basic and diluted unit compared to loss of $13,128,000 or $0.19 per basic and diluted unit for the same period a year ago. Adjusted net income was $119,595,000 compared to $88,362,000 for the same period a year ago. EBITDA was $208,854,000 compared to $119,951,000 for the same period a year ago. Adjusted EBITDA was $208,854,000 compared to $186,838,000 for the same period a year ago. Revenues decreased due to lower coal sales price realizations offset in part by increased coal sales volumes and higher other sales and operating revenues.

For the full year, the company announced total revenues of $1,931,453,000 compared to $2,273,733,000 for the same period a year ago. Income from operations was $365,942,000 compared to $361,429,000 for the same period a year ago. Income before income taxes was $339,551,000 compared to $306,192,000 for the same period a year ago. Net income attributable to Alliance Resource Partners, L.P. was $339,398,000 compared to $306,198,000 for the same period a year ago. Limited partners' interest in net income of Alliance Resource Partners, L.P. was $258,487,000 or $3.39 per basic and diluted unit compared to $159,860,000 or $2.11 per basic and diluted unit for the same period a year ago. Cash flows from operating activities was $703,544,000 compared to $716,342,000 for the same period a year ago. Capital expenditures was $91,056,000 compared to $212,797,000 for the same period a year ago. Adjusted net income was $339,398,000 compared to $383,780,000 for the same period a year ago. EBITDA was $692,719,000 compared to $669,599,000 for the same period a year ago. Adjusted EBITDA was $692,719,000 compared to $747,181,000 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2017. Capital expenditures and investments total 2017 capital expenditures for ARLPs operating activities are currently estimated in a range of $145.0 million to $165.0 million. Based on utilization of used equipment previously acquired from others and re-deployment of equipment from ARLPs idled operations to other mines, the company is currently estimating maintenance capital expenditures of approximately $3.80 per ton produced in 2017. Considering its current five-year planning horizon, the company is estimating total average maintenance capital expenditures of approximately $4.25 per ton produced for long-term distribution planning purposes. Depreciation, depletion and amortization in 2017 is estimated in a range of $265.0 million to $275.0 million. Coal production and sales volumes during 2017, coal production is currently estimated in a range of 37.9 million to 38.9 million tons and sales volumes are expected in a range of 37.9 million to 39.2 million tons. Revenue, Net income and EBITDA based on current expectations, the company is estimating 2017 revenues, excluding transportation revenues, in a range of $1.71 billion to $1.78 billion, net income in a range of $250.0 million to $315.0 million and EBITDA in a range of $550.0 million to $615.0 million. These 2017 estimates for net income and EBITDA include a contribution of approximately $9.0 million to $10.0 million related to the company's investments in oil and gas mineral interests.