Key Developments: Alliance Holdings GP, L.P. (AHGP.O)
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Latest Key Developments
Alliance Holdings GP, L.P. Increases Quarterly Distribution By 2.8% To $0.4525 Per Unit
Alliance Holdings GP, L.P. announced that it has declared a quarterly cash distribution for the quarter ended December 31, 2009 (the 2009 Quarter) of $0.4525 per unit, or an annualized rate of $1.81 per unit, which will be paid on February 19, 2010, to AHGP`s unitholders of record as of the close of trading on February 12, 2010. The announced distribution represents a 12.4% increase over the $0.4025 per unit distribution (an annualized rate of $1.61 per unit) for the quarter ended December 31, 2008 (the 2008 Quarter) and an increase of 2.8% over the third quarter 2009 distribution of $0.44 per unit (an annualized rate of $1.76 per unit).
Alliance Holdings GP, L.P. Increases Quarterly Distribution by 3.0% to $0.4275 Per Unit
Alliance Holdings GP, L.P. announced that the Board of Directors of its general partner (Board) declared a quarterly cash distribution for the quarter ended June 30, 2009 (2009 Quarter) of $0.4275 per unit, or an annualized rate of $1.71 per unit, which will be paid on August 19, 2009, to the Company`s unitholders of record as of the close of trading on August 12, 2009.
Alliance Holdings GP, L.P. Increases Quarterly Distribution By 3.1% To $0.415 Per Unit
Alliance Holdings GP, L.P. announced that it has declared a quarterly cash distribution for the quarter ended March 31, 2009 of $0.415 per unit, or an annualized rate of $1.66 per unit, which will be paid on May 20, 2009, to the unitholders of record as of the close of trading on May 13, 2009. The announced distribution represents a 44.3% increase over the $0.2875 per unit distribution for the quarter ended March 31, 2008 and an increase of 3.1% over the fourth quarter 2008 distribution of $0.4025 per unit.
Alliance Holdings GP, L.P. Increases Quarterly Distribution
Alliance Holdings GP, L.P. announced that the Board of Directors of its general partner declared a quarterly cash distribution for the quarter ended December 31, 2008 of $0.4025 per unit, or an annualized rate of $1.61 per unit, which will be paid on February 19, 2009, to the Company's unitholders of record as of the close of trading on February 12, 2009. The announced distribution represents a 40.0% increase over the $0.2875 per unit distribution (an annualized rate of $1.15 per unit) for the quarter ended December 31, 2007 and an increase of 3.2% over the third quarter 2008 distribution of $0.39 per unit (an annualized rate of $1.56 per unit).
Alliance Holdings GP, L.P. Increases Quarterly Distribution By 10.6% To $0.39 Per Unit
Alliance Holdings GP, L.P. announced that it has declared a quarterly cash distribution for the quarter ended September 30, 2008 (the 2008 Quarter) of $0.39 per unit (an annualized rate of $1.56 per unit), payable on November 19, 2008, to the Company's unit holders of record as of the close of trading on November 12, 2008. The announced distribution represents a 47.2% increase over the $0.265 per unit distribution (an annualized rate of $1.06 per unit) for the quarter ended September 30, 2007.
Alliance Holdings GP, L.P. Increases Quarterly Distribution By 22.6% To $0.3525 Per Unit
Alliance Holdings GP, L.P. announced that the Board of Directors have declared a quarterly cash distribution for the quarter ended June 30, 2008, of $0.3525 per unit, payable on August 19, 2008, to the Company's unitholders of record as of the close of trading on August 12, 2008. The announced distribution represents a 33.0% increase over the $0.265 per unit distribution (an annualized rate of $1.06 per unit) for the quarter ended June 30, 2007, and an increase of 22.6% over the first quarter 2008 distribution of $0.2875 per unit.
Alliance Holdings GP, L.P. Declares Quarterly Distribution Of $0.2875 Per Unit
Alliance Holdings GP, L.P. announced that it has declared a quarterly cash distribution for the 2008 Quarter of $0.2875 per unit (an annualized rate of $1.15 per unit), payable on May 20, 2008, to the Company's unitholders of record as of the close of trading on May 13, 2008.
Alliance Holdings GP, L.P. Declares Quarterly Distribution
Alliance Holdings GP, L.P. announced a quarterly distribution for the 2007 Quarter of $0.56 per unit, or $2.24 per unit on an annualized basis, which will be paid on November 14, 2007, to all unitholders of record as of the close of trading on November 7, 2007.
Alliance Holdings GP, L.P. Issues FY 2007 Guidance In Line With Analysts' Estimates-Conference Call
Alliance Holdings GP, L.P. announced that for fiscal 2007 it expects EBITDA of $255 to $265 million and net income of a $155 to $165 million. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $258 million and net income of $165 million for fiscal 2007.
Alliance Holdings GP, L.P. Prices Initial Public Offering
Alliance Holdings GP, L.P. announced that it has priced its Initial Public Offering of 12.5 million common units at a price of $25.00 per unit. The common units will begin trading tomorrow on the NASDAQ National Market under the symbol "AHGP." Net proceeds from this offering will be paid as consideration to certain officers and employees of Alliance Resource Partners, L.P. for contribution of their partnership interests in ARLP to AHGP. The offering is expected to close on May 15, 2006. Lehman Brothers Inc. is acting as sole book-running manager.
UPDATE 1-RESEARCH ALERT-Barclays cuts targets on coal cos
Jan 22 (Reuters) - Barclays Capital cut its price targets and estimates for 2009 and 2010 on several coal companies, citing a likely drop in coal prices, given the weak economic conditions.
Earnings vs. 
Estimates
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