TULSA, Okla.--(BUSINESS WIRE)--Jan. 24, 2008--Alliance Holdings
GP, L.P. (NASDAQ: AHGP) today announced that the Board of Directors of
its managing general partner (the "Board") declared a quarterly cash
distribution of $0.2875 per unit for the quarter ended December 31,
2007. The fourth quarter 2007 distribution, which equates to an
annualized rate of $1.15 per unit, will be paid on February 19, 2008,
to all unitholders of record as of February 12, 2008.
The announced distribution represents a 15.0% increase over the
fourth quarter 2006 cash distribution of $0.250 per unit and an 8.5%
increase over the third quarter 2007 distribution of $0.265 per unit.
Increases to the Partnership's quarterly cash distribution to
unitholders are generally considered by the Board at its January and
Alliance will report its fourth quarter 2007 financial results
before the market opens on Thursday, January 31, 2008. Alliance
management will discuss fourth quarter earnings during a conference
call beginning at 10:00 a.m. eastern that same day.
To participate in the conference call, dial (800) 591-6923 and
provide pass code 78821227. International callers should dial (617)
614-4907. Investors may also listen to the call via the "investor
information" section of ARLP's website at http://arlp.com or AHGP's
website at http://ahgp.com.
An audio replay of the conference call will be available for
approximately one week. To access the audio replay, dial (888)
286-8010 and provide pass code 71101078. International callers should
dial (617) 801-6888.
About Alliance Holdings GP, L.P.
AHGP is a limited partnership formed to own and control Alliance
Resource Management GP, LLC, the managing general partner of ARLP,
through which it holds a 1.98% general partner interest and the
incentive distribution rights in ARLP. In addition, AHGP owns
15,544,169 common units of ARLP.
News, unit prices and additional information about AHGP including
filings with the Securities and Exchange Commission, are available at
http://www.ahgp.com. For more information, contact the investor
relations department of Alliance Holdings GP at 918-295-1415 or via
e-mail at email@example.com.
The statements and projections used throughout this release are
based on current expectations. These statements and projections are
forward-looking, and actual results may differ materially. These
projections do not include the potential impact of any mergers,
acquisitions or other business combinations that may occur after the
date of this release. At the end of this release, we have included
more information regarding business risks that could affect our
FORWARD-LOOKING STATEMENTS: With the exception of historical
matters, any matters discussed in this press release are
forward-looking statements that involve risks and uncertainties that
could cause actual results to differ materially from projected
results. These risks, uncertainties and contingencies include, but are
not limited to, the following: initially, our operating cash flow will
be derived exclusively from cash distributions from ARLP; the risks to
the business of ARLP include: increased competition in coal markets
and ARLP's ability to respond to the competition; fluctuation in coal
prices, which could adversely affect ARLP's operating results and cash
flows; risks associated with the expansion of ARLP's operations and
properties; deregulation of the electric utility industry or the
effects of any adverse change in the domestic coal industry, electric
utility industry, or general economic conditions; dependence on
significant customer contracts, including renewing customer contracts
upon expiration of existing contracts; customer bankruptcies and/or
cancellations or breaches of existing contracts; customer delays or
defaults in making payments; fluctuations in coal demand, prices and
availability due to labor and transportation costs and disruptions,
equipment availability, governmental regulations and other factors;
ARLP's productivity levels and margins that it earns on its coal
sales; greater than expected increases in raw material costs; greater
than expected shortage of skilled labor; any unanticipated increases
in labor costs, adverse changes in work rules, or unexpected cash
payments associated with asset retirement obligations and workers'
compensation claims; any unanticipated increases in transportation
costs and risk of transportation delays or interruptions; greater than
expected environmental regulation, costs and liabilities; a variety of
operational, geologic, permitting, labor and weather-related factors;
risk associated with major mine-related accidents, such as mine fires
or other interruptions; results of litigation, including claims not
yet asserted; difficulty maintaining ARLP's surety bonds for asset
retirement obligations as well as workers' compensation and black lung
benefits; coal market's share of electricity generation; prices of
fuel that compete with or impact coal usage, such as oil or natural
gas; legislation, regulatory and court decisions; the impact from
provisions of The Energy Policy Act of 2005; replacement of coal
reserves; a loss or reduction of the direct or indirect benefit from
certain state and federal tax credits; difficulty obtaining commercial
property insurance, and risks associated with ARLP's increased
participation (excluding any applicable deductible) in the commercial
insurance property program.
Additional information concerning these and other factors can be
found in AHGP's public periodic filings with the Securities and
Exchange Commission ("SEC"), including AHGP's Annual Report on Form
10-K for the year ended December 31, 2006, filed on March 15, 2007
with the SEC. Except as required by applicable securities laws, AHGP
does not intend to update its forward-looking statements.
CONTACT: Alliance Holdings GP, L.P.
Brian L. Cantrell, 918-295-7673
SOURCE: Alliance Holdings GP, L.P.