With nearly $104 million net income in the first quarter of 2018, Tulsa’s Alliance Holdings GP, L.P. announced a distribution of nearly 75 cents a share to unit holders.
The company said the distribution amounts to $2.99 per unit at an annualized rate payable on May 18, 2018. The distribution is also 35.9 percent more than one year ago and a 0.7% increase over the previous quarter ending Dec. 31, 2017.
AHGP’s principal sources of cash flow are its ownership interests in Alliance Resource Partners, L.P. And it’s clear from the quarterly report that the cash flow was up. It increased 88.5% compared to one year ago. Net income for the quarter grew 110.4% compared to the last quarter of 2017.