| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Alliance Resource Partners, L.P. |
| 1717 South Boulder Avenue, Tulsa, OK 74119 * (918) 295-7600 |
| Business Description | The company is a diversified producer and marketer of coal to major United States utilities and industrial users. The company currently operates six mining complexes in Kentucky, Illinois and Maryland. |
| Offering Information Company has | |||
| Trading As | ARLP (NASNTL) | Industry | Natural Resource (SIC 1222) |
| Type of Stock Offered | Common Units | Filing Date | 05/20/1999 |
| Domestic Shares Offered | 7,750,000 | Offer Date | 08/16/1999 |
| Foreign Shares Offered | 0 | Filing Range | $19.00 - $21.00 |
| Company Shares | 7,750,000 | Offer Price | $19.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.210 |
| Gross Proceeds | $147,250,000 | Selling | $0.730 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 15,464,790 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Morgan Stanley Dean Witter | Co-manager | (212) 761-5900 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | |||
| Revenues | - | - | - | 313.800 | 361.900 | 88.300 | 83.100 |
| Income from Oper. | - | - | - | 17.500 | 12.600 | 4.700 | 4.300 |
| Net Income | - | - | - | 13.700 | 8.700 | 3.300 | 3.300 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 15.328 | -5.89 | ||
| Net Income Growth (%) | - | - | - | -36.50 | 0.00 | ||
| Oper. Profit Margin (%) | - | - | - | 5.58 | 3.48 | 5.17 | 5.32 |
| Net Profit Margin (%) | - | - | - | 4.37 | 2.40 | 3.97 | 3.74 |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 264.80 | Current Assets | 63.88 | Current Ratio | 1.27 |
| Total Liab. | 109.61 | Current Liab. | 50.38 | Debt Ratio | 41.39% |
| Total Equity | 155.19 | Working Cap. | 13.50 | Debt to Equity Ratio | 0.71 |
| Cash | - | Return on Assets | 1.25% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Andrews & Kurth |
| Bank's Law Firm | Baker & Botts |
| Auditor | Deloitte & Touche |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The United States coal industry is highly competitive with numerous producers in all coal producing regions. The company competes with other large producers and hundreds of small producers in the United States. The largest coal company is estimated to have sold less than 15% of the total 1998 tonnage sold in the United States market. The company competes with other coal producers primarily on the basis of coal price at the mine, coal quality (including sulfur content), transportation cost from the mine to the customer and the reliability of supply. Continued demand for the company's coal and the prices that the company obtains are also affected by demand for electricity, environmental and government regulations, technological developments and the availability and price of alternative fuel supplies, including nuclear, natural gas, oil and hydroelectric power. |
| Business Plan |
The company's business strategy is to increase their profitability and to maximize the company's distributions to unitholders by: (i) continuing to make productivity improvements in order to be a low-cost producer in each region in which the company operates; (ii) offering their customers a broad range of coal qualities, transportation alternatives and customized services; (iii) extending the lives of the company's mines through the development of currently undeveloped coal reserves using the company's existing infrastructure; (iv) developing new mining complexes in locations with attractive market conditions; (v) engaging in strategic acquisitions of mining operations and reserves; and (vi) developing strategic relationships to take advantage of opportunities created by the deregulation of the electric utility industry. |