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 Alliance Holdings GP, L.P. Reports Quarterly and Full Year Financial Results; Maintains Quarterly Distribution of $0.96 Per Unit
   Tuesday, January 26, 2016 7:00:02 AM ET

Alliance Holdings GP, L.P. (AHGP ) today announced that the Board of Directors of its general partner (the "Board") approved a distribution to unitholders for the quarter ended December 31, 2015 (the "2015 Quarter") of $0.96 per unit, or an annualized rate of $3.84 per unit, payable on February 19, 2016 to AHGP’s unitholders of record as of the close of trading on February 12, 2016. The declared quarterly cash distribution represents a 4.9% increase over the cash distribution of $0.915 per unit for the quarter ended December 31, 2014 (the "2014 Quarter") and is equal to the cash distribution for the quarter ended September 30, 2015.

AHGP’s principal sources of cash flow are its ownership of general partner interests, limited partner interests and incentive distribution rights in Alliance Resource Partners, L.P. (ARLP ). The declared distribution is based on the distribution AHGP will receive from its ownership interests in ARLP, which today announced a quarterly distribution for the 2015 Quarter of $0.675 per unit, or $2.70 per unit on an annualized basis, payable on February 12, 2016 to all unitholders of record as of the close of trading on February 5, 2016. (See ARLP Press Release dated January 26, 2016, the "ARLP Release").

Operating results for AHGP reflect those of the operating subsidiaries of ARLP and, as a result, AHGP reports its financial results on a consolidated basis with the financial results of ARLP. Consolidated net income includes earnings and losses attributable to both AHGP and non-controlling interests. Unless otherwise noted, any reference to net income in this release represents Net Income Attributable to AHGP.

AHGP reported net income for the 2015 Quarter of $28.7 million, or net income per basic and diluted limited partner interest of $0.48 per unit, a decrease of 59.6% compared to net income for the 2014 Quarter of $71.0 million, or $1.19 per basic and diluted limited partner unit. For the year ended December 31, 2015, AHGP reported net income of $211.3 million, or $3.53 per basic and diluted limited partner unit, a decrease of 25.7% compared to $284.4 million, or $4.75 per basic and diluted limited partner unit, earned in the year ended December 31, 2014.

As noted in the ARLP Release, results for the 2015 Quarter and Year were impacted by a number of non-cash items, including asset impairment charges of $89.4 million and $100.1 million in 2015 Quarter and Year, respectively, and net gains of $22.5 million related to ARLP’s accounting for the White Oak Acquisition resulting from the final business combination accounting for the transaction. Excluding these non-cash items, net of the amounts attributable to noncontrolling interests, adjusted Net Income Attributable to AHGP for the 2015 Quarter was $57.5 million, a decrease of 19.0% compared to the 2014 Quarter, and adjusted Net Income Attributable to AHGP for the 2015 Year of $244.7 million, a decrease of 13.9% compared to the 2014 Year. (For a discussion of Adjusted Net Income Attributable to AHGP and a related reconciliation to the comparable financial measure under accounting principles generally accepted in the United States ("GAAP"), please see the end of this release.)

Based on ARLP’s current declared distribution, AHGP expects to receive quarterly cash distributions from ARLP of $58.4 million, or $233.6 million on an annualized basis. AHGP’s primary cash requirements are for working capital, distributions to its unitholders and general and administrative expenses, including for 2016 an estimated $2.1 million in general and administrative expenses.

AHGP and ARLP will discuss their 2015 Quarter financial results during a joint conference call scheduled for today at 9:00 a.m. Eastern. To participate in the conference call, dial (855) 793-3259 and provide passcode 18774166. International callers should dial (631) 485-4928 and provide the same passcode number. Investors may also listen to the call via the "investor information" section of ARLP’s website at http://www.arlp.com or AHGP’s website at http://www.ahgp.com .

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial (855) 859-2056 and provide passcode number 18774166. International callers should dial (404) 537-3406 and provide the same passcode number.

This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, AHGP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.

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 Alliance Resource Partners, L.P. (ARLP ), through which it holds a 1.98% general partner interest and the incentive distribution rights in ARLP. In addition, AHGP owns 31,088,338 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, L.P. at (918) 295-1415 or via e-mail at investorrelations@ahgp.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 results.

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: changes in competition in coal markets and the ARLP Partnership’s ability to respond to such changes; changes in coal prices, which could affect the ARLP Partnership’s operating results and cash flows; risks associated with the ARLP Partnership’s expansion of its operations and properties; legislation, regulations, and court decisions and interpretations thereof, including those relating to the environment, mining, miner health and safety and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; dependence on significant customer contracts, including renewing customer contracts upon expiration of existing contracts; changing global economic conditions or in industries in which the ARLP Partnership’s customers operate; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; adjustments made in price, volume or terms to existing coal supply agreements; fluctuations in coal demand, prices and availability; the ARLP Partnership’s productivity levels and margins earned on its coal sales; changes in raw material costs; changes in the availability of skilled labor; the ARLP Partnership’s ability to maintain satisfactory relations with its employees; increases in labor costs, adverse changes in work rules, or cash payments or projections associated with post-mine reclamation and workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather-related or other factors; risks associated with major mine-related accidents, such as mine fires, or interruptions; results of litigation, including claims not yet asserted; difficulty maintaining the ARLP Partnership’s surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding pension, black lung benefits and other post-retirement benefit liabilities; the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion and the cost and perceived benefits of other sources of electricity, such as natural gas, nuclear energy and renewable fuels; uncertainties in estimating and replacing the ARLP Partnership’s coal reserves; a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with the ARLP Partnership’s participation (excluding any applicable deductible) in the commercial insurance property program; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.

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, 2014, filed on February 27, 2015 and AHGP’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015, June 30, 2015 and September 30, 2015, filed on May 8, 2015, August 6, 2015 and November 6, 2015, respectively, with the SEC. Except as required by applicable securities laws, AHGP does not intend to update its forward-looking statements.

                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                  
                                                                                                                                                                           ALLIANCE HOLDINGS GP, L.P. AND SUBSIDIARIES
 
                                                                                                                                                                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OPERATING DATA
                                                                                                                                                                          (In thousands, except unit and per unit data)
                                                                                                                                                                                           (Unaudited)
                                                                                                                                                                                                                                                                  
                                                                                                                                                                   Three Months Ended                                                                                                                                      Year Ended
                                                                                                                                                                      December 31,                                                                                                                                        December 31,
                                                                                                             ------------------------------------------------------------------------------------------------------------------------                            ------------------------------------------------------------------------------------------------------------------------
                                                                                                                                     2015                                                   2014                                                                      2015                                                   2014
                                                                                                             -----------------------------------------------------                     -----------------------------------------------------                     -----------------------------------------------------                     -----------------------------------------------------
                                                                                                                                                                                                                                                                                                                                            
SALES AND OPERATING REVENUES:
    Coal sales                                                                                                                  $    525,513                                                              $    559,518                                                              $  2,158,006                                                              $  2,208,611
    Transportation revenues                                                                                                            9,274                                                                     8,205                                                                    33,597                                                                    26,021
    Other sales and operating revenues                                                                              7,263                              22,973                              81,708                              65,692  
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
           Total revenues                                                                                         542,050                             590,696                           2,273,311                           2,300,324  
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                            
EXPENSES:
    Operating expenses (excluding depreciation, depletion and                                                                        331,099                                                                   359,055                                                                 1,377,053                                                                 1,383,360
    amortization)
    Transportation expenses                                                                                                            9,274                                                                     8,205                                                                    33,597                                                                    26,021
    Outside coal purchases                                                                                                                 1                                                                         7                                                                       327                                                                        14
    General and administrative                                                                                                        15,417                                                                    19,347                                                                    69,076                                                                    76,699
    Depreciation, depletion and amortization                                                                                          90,983                                                                    71,027                                                                   333,713                                                                   274,566
    Asset impairment charge                                                                                        89,435                                   -                             100,130                                   -  
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
           Total operating expenses                                                                                                  536,209                                                                   457,641                                                                 1,913,896                                                                 1,760,660
                                                                                                                                                                                                                                                                                                                                            
INCOME FROM OPERATIONS                                                                                                                 5,841                                                                   133,055                                                                   359,415                                                                   539,664
   Interest expense, net                                                                                                              (7,527 )                                                                  (8,189 )                                                                 (31,153 )                                                                 (33,584 )
   Interest income                                                                                                                        38                                                                       433                                                                     1,460                                                                     1,671
   Equity in income (loss) of affiliates, net                                                                                              3                                                                    (3,102 )                                                                 (49,046 )                                                                 (16,648 )
   Acquisition gain, net                                                                                                              22,548                                                                         -                                                                    22,548                                                                         -
   Other income                                                                                                       205                                 388                                 955                               1,566  
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
INCOME BEFORE INCOME TAXES                                                                                                            21,108                                                                   122,585                                                                   304,179                                                                   492,669
INCOME TAX EXPENSE                                                                                                      3                                   -                                  21                                   -  
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
NET INCOME                                                                                                                            21,105                                                                   122,585                                                                   304,158                                                                   492,669
  LESS: NET (INCOME)/LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS                                                  7,630                             (51,577 )                                              (92,846 )                                             (208,318 )
                                                                                                             -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------
NET INCOME ATTRIBUTABLE TO ALLIANCE HOLDINGS GP, L.P. ("NET                                                                     $     28,735                                           $     71,008                                           $    211,312                                           $    284,351  
INCOME OF AHGP")
                                                                                                             ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                            
BASIC AND DILUTED NET INCOME OF AHGP PER LIMITED PARTNER UNIT                                                                   $       0.48                                           $       1.19                                           $       3.53                                           $       4.75  
                                                                                                             ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================
DISTRIBUTIONS PAID PER LIMITED PARTNER UNIT                                                                                     $       0.96                                           $     0.8925                                           $     3.7725                                           $     3.4375  
                                                                                                             ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                            
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING - BASIC AND DILUTED                                               59,863,000                          59,863,000                          59,863,000                          59,863,000  
                                                                                                             ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================                      ==================== ========== ====================
                                                                                      
                                                                                                                              
                                                                                                 ALLIANCE HOLDINGS GP, L.P. AND SUBSIDIARIES
 
                                                                                                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                                                                                      (In thousands, except unit data)
                                                                                                                 (Unaudited)
                                                                                                                              
ASSETS                                                                                                                                                                        December 31,
                                                                                                                                2015                                           2014
                                                                                                        -----------------------------------------------------                     -------------------------------------
                                                                                                                                                                                        
CURRENT ASSETS:
    Cash and cash equivalents                                                                                                                   $     38,678                                              $     28,274
    Trade receivables                                                                                                                                122,875                                                   184,187
    Other receivables                                                                                                                                    696                                                     1,025
    Due from affiliates                                                                                                                                   38                                                     7,107
    Inventories                                                                                                                                      121,081                                                    83,155
    Advance royalties                                                                                                                                  6,820                                                     9,416
    Prepaid expenses and other assets                                                                                              29,890              31,362  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total current assets                                                                                                                      320,078                                                   344,526
                                                                                                                                                                                        
PROPERTY, PLANT AND EQUIPMENT:
    Property, plant and equipment, at cost                                                                                                         3,044,260                                                 2,815,620
    Less accumulated depreciation, depletion and amortization                                                                  (1,243,985 )                           (1,150,414 )
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total property, plant and equipment, net                                                                                                1,800,275                                                 1,665,206
                                                                                                                                                                                        
OTHER ASSETS:
    Advance royalties                                                                                                                                 21,295                                                    15,895
    Due from affiliate                                                                                                                                     -                                                    11,047
    Equity investments in affiliates                                                                                                                  64,509                                                   224,611
    Goodwill                                                                                                                                         136,399                                                         -
    Other long-term assets                                                                                                         25,804              27,470  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total other assets                                                                                                     248,007             279,023  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
TOTAL ASSETS                                                                                                                                    $  2,368,360                           $  2,288,755  
                                                                                                                             ==================== ========== ====================      ==================== ========== ====================
                                                                                                                                                                                        
LIABILITIES AND PARTNERS’ CAPITAL
                                                                                                                                                                                        
CURRENT LIABILITIES:
    Accounts payable                                                                                                                            $     84,058                                              $     86,277
    Due to affiliates                                                                                                                                    129                                                       370
    Accrued taxes other than income taxes                                                                                                             15,621                                                    19,461
    Accrued payroll and related expenses                                                                                                              37,031                                                    57,656
    Accrued interest                                                                                                                                     306                                                       318
    Workers’ compensation and pneumoconiosis benefits                                                                       8,688                                                     8,868
    Current capital lease obligations                                                                                                                 19,764                                                     1,305
    Other current liabilities                                                                                                                         18,929                                                    17,109
    Current maturities, long-term debt                                                                                            239,350             230,000  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total current liabilities                                                                                                                 423,876                                                   421,364
                                                                                                                                                                                        
LONG-TERM LIABILITIES:
    Long-term debt, excluding current maturities                                                                                                     580,000                                                   591,250
    Pneumoconiosis benefits                                                                                                                           60,077                                                    55,278
    Accrued pension benefit                                                                                                                           39,031                                                    40,105
    Workers’ compensation                                                                                                  47,486                                                    49,797
    Asset retirement obligations                                                                                                                     122,434                                                    91,085
    Long-term capital lease obligations                                                                                                               80,150                                                    15,624
    Other liabilities                                                                                                              21,174               5,978  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total long-term liabilities                                                                                            950,352             849,117  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total liabilities                                                                                                    1,374,228           1,270,481  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
                                                                                                                                                                                        
COMMITMENTS AND CONTINGENCIES
                                                                                                                                                                                        
PARTNERS’ CAPITAL:
   Alliance Holdings GP, L.P. ("AHGP") Partners’ Capital:
   Limited Partners - Common Unitholders 59,863,000 units outstanding                                                                   567,259                                                   580,234
   Accumulated other comprehensive loss                                                                                           (14,875 )                              (15,456 )
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total AHGP Partners’ Capital                                                                                                              552,384                                                   564,778
   Noncontrolling interests                                                                                                       441,748             453,496  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
           Total Partners’ Capital                                                                                                994,132           1,018,274  
                                                                                                                             -------------------- ---------- --------------------      -------------------- ---------- --------------------
TOTAL LIABILITIES AND PARTNERS’ CAPITAL                                                                                                         $  2,368,360                           $  2,288,755  
                                                                                                                             ==================== ========== ====================      ==================== ========== ====================
                                                                           
                                                                                                                                                                                                                           
                                                                                                  ALLIANCE HOLDINGS GP, L.P. AND SUBSIDIARIES
                                                                                                                                                                                                                           
                                                                                                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                                                                                (In thousands)
                                                                                                                  (Unaudited)
                                                                                                                                                                                                                           
                                                                                                                                                                           Year Ended
                                                                                                                                                                          December 31,
                                                                                                                  -----------------------------------------------------------------------------------------------------------------------------
                                                                                                                                         2015                                                                          2014
                                                                                                                  ---------------------------------------------------                     -----------------------------------------------------
                                                                                                                                                                                                                           
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES                                                                                          $  714,408                                           $    734,830  
                                                                                                                  -------------------- -------- --------------------                      -------------------- ---------- --------------------
                                                                                                                                                                                                                           
CASH FLOWS FROM INVESTING ACTIVITIES:
   Property, plant and equipment:
         Capital expenditures                                                                                                          (212,797 )                                                                (307,387 )
         Changes in accounts payable and accrued liabilities                                                                             (3,021 )                                                                  (2,270 )
         Proceeds from sale of property, plant and equipment                                                                              2,062                                                                       381
   Proceeds from insurance settlement for property, plant and equipment                                                                       -                                                                     4,512
   Purchases of equity investments in affiliates                                                                                        (64,540 )                                                                (111,376 )
   Payments to affiliate for acquisition and development of coal                                                                              -                                                                    (4,082 )
   reserves
   Payments for acquisitions of businesses, net of cash acquired                                                                        (74,953 )                                                                       -
   Payment for acquisition of customer contracts                                                                                              -                                                                   (11,687 )
   Advances/loans to affiliate                                                                                                           (7,300 )                                                                       -
   Other                                                                                                               4,634                              (9,313 )
                                                                                                                  -------------------- -------- --------------------                      -------------------- ---------- --------------------
         Net cash used in investing activities                                                                      (355,915 )                                             (441,222 )
                                                                                                                  -------------------- -------- --------------------                      -------------------- ---------- --------------------
                                                                                                                                                                                                                           
CASH FLOWS FROM FINANCING ACTIVITIES:
   Borrowings under securitization facility                                                                                               6,500                                                                   100,000
   Payments under securitization facility                                                                                               (23,400 )                                                                       -
   Payments under term loan                                                                                                            (108,502 )                                                                 (18,750 )
   Borrowings under revolving credit facilities                                                                                         543,000                                                                   341,800
   Payments under revolving credit facilities                                                                                          (308,000 )                                                                (451,800 )
   Payments on long-term debt                                                                                                          (205,000 )                                                                 (18,000 )
   Proceeds from capital lease transaction                                                                                              100,000                                                                         -
   Payments on capital lease obligations                                                                                                 (4,312 )                                                                  (1,494 )
   Payment of debt issuance costs                                                                                                             -                                                                      (263 )
   Contributions to consolidated company from affiliate noncontrolling                                                                    2,147                                                                       481
   interest
   Contribution by limited partner - affiliate                                                                                            1,500                                                                     1,500
                                                                                                                                         (2,719 )                                                                  (2,991 )
   Net settlement of employee withholding taxes on vesting of ARLP
   Long-Term Incentive Plan
   Distributions paid by consolidated partnership to noncontrolling                                                                    (117,363 )                                                                (108,413 )
   interests
   Distributions paid to Partners                                                                                                      (225,833 )                                                                (205,779 )
   Other                                                                                                              (6,107 )                                                    -  
                                                                                                                  -------------------- -------- --------------------                      -------------------- ---------- --------------------
   Net cash used in financing activities                                                                            (348,089 )                                             (363,709 )
                                                                                                                  -------------------- -------- --------------------                      -------------------- ---------- --------------------
                                                                                                                                                                                                                           
NET CHANGE IN CASH AND CASH EQUIVALENTS                                                                                                  10,404                                                                   (70,101 )
                                                                                                                                                                                                                           
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                                                         28,274                                                                    98,375
                                                                                                                                                                                     
                                                                                                                  ---------------------------------------------------                     ----------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                                                           $   38,678                                           $     28,274  
                                                                                                                  ==================== ======== ====================                      ==================== ========== ====================
                                                                                                                                                                                                                           
                                                                                                                                                                                                                           

Reconciliation of GAAP "Net Income Attributable to AHGP" to non-GAAP "Adjusted Net Income Attributable to AHGP"

Adjusted Net income Attributable to AHGP is defined as Net Income Attributable to AHGP modified for certain items that may not reflect the trend of future results, such as non-cash impairments and gains and losses on acquisition related accounting.

Adjusted Net Income Attributable to AHGP should not be considered as an alternative to Net Income Attributable to AHGP or any other measure of financial performance presented in accordance with GAAP. Adjusted Net Income Attributable to AHGP excludes certain items that management believes affect the comparability of our operating results. This adjusted financial measure is used by our management and external users of our financial statements, such as investors, commercial banks, research analysts and others, to assess:

-- our operational trends and performance relative to other coal companies;

-- the comparability of our performance to earnings estimates provided by security analysts; and

-- our performance excluding items which are generally nonrecurring in nature or whose timing or amount cannot be reasonably estimated.

We believe Adjusted Net Income Attributable to AHGP is a useful measure for investors because it further demonstrates our financial performance without regard to items that may not reflect the trend of future results.

                                                                                                                                                
                                                                                                                                   Three Months Ended                                                                                          Year Ended
                                                                                                                                      December 31,                                                                                            December 31,
                                                                                                   ----------------------------------------------------------------------------                           -------------------------------------------------------------------------------
                                                                                                     2015                                   2014                                         2015                                   2014
                                                                              --------------------------------------------------                     -------------------------       --------------------------------------------------                     ------------------------
                                                                                                                                                                                                                                                                
Net Income Attributable to AHGP                                                                                       $  28,735                                             $ 71,008                                         $ 211,312                                            $    284,351
   Asset impairment charge                                                                                               89,435                                                    -                                           100,130                                                       -
   Acquisition gain, net                                                                                                (22,548 )                                                  -                                           (22,548 )                                                     -
   Less: amounts attributable to noncontrolling interest                                             (38,095 )                               -                        (44,186 )                                  -
                                                                                                   -------------------- ------- --------------------     -------------------- ------                      -------------------- ------- --------------------    -------------------- ----------
Adjusted Net Income Attributable to AHGP                                                                              $  57,527                          $ 71,008                                         $ 244,708                         $    284,351
                                                                                                   ==================== ======= ====================     ==================== ======                      ==================== ======= ====================    ==================== ==========

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20160126005442r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20160126005442/en/

SOURCE: Alliance Holdings GP, L.P.

Alliance Holdings GP, L.P. 
Brian L. Cantrell, 918-295-7673


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