Alliance Holdings Q1 Profit Rises - Quick Facts

(RTTNews) - Alliance Holdings GP, L.P. (AHGP) said that its first-quarter net income attributable to the company rose to $67.45 million from last year's $60.00 million. Net income was $1.13 per limited partner unit, up from $1.00 per limited partner unit last year.

But, total revenues for the quarter dropped to $541.93 million from last year's $547.97 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.96 per share and revenues of $558.48 million. Analysts' estimates typically exclude special items.

AHGP also announced that the Board of Directors of its general partner increased the cash distribution to unitholders for the 2014 Quarter to $0.8475 per unit, or an annualized rate of $3.39 per unit, payable on May 20, 2014 to AHGP's unitholders of record as of the close of trading on May 13, 2014. The declared quarterly cash distribution represents an 11.1% increase over the cash distribution of $0.7625 per unit for the 2013 Quarter and an increase of 2.4% over the fourth quarter 2013 distribution of $0.8275 per unit.