Alliance Resource Partners ARLP today reported record financial results for the quarter ended March 31, 2011 (the "2011 Quarter"). A strong increase in coal sales volumes and record average realized pricing drove revenues in the 2011 Quarter to a record $423.3 million, an increase of 11.2% compared to the quarter ended March 31, 2010 (the “2010 Quarter”). ARLP also posted records in the 2011 Quarter for EBITDA, which increased 19.5% to $142.2 million; net income, which climbed 27.2% to $95.4 million; and net income per basic and diluted partner unit, which increased 27.6% to $1.99 per unit. (For a definition of EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release).
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