1apg Oden is going to be the next great center in the NBA everyone doingthe Right things and doing them Right at the Right timeThe divisional game is a mustwin for both teams28 PRNewswireFirstCall American Capital LtdBut the space of operation has gotten widerInterest expense decreased by 162000 or 12Andrews is partner with Hunton Williams LLP in McLean VaManchester United is beloved throughout the world0 and interoperateswith Arkeia Backup Agents and the Arkeia Backup ReplicationFor more informationon the Company please visit httpRevenues for the 2008 Period rose 11.9 to $1.16 billion and coalsales volumes increased 9.9 to 27.2 million tons, compared to $1.03 billion and24.7 million tons for the year ended December 31, 2007 (the "2007 Period"),respectively. ARLPreported EBITDA for the 2008 Period of $257.8 million, compared to EBITDA of$267.0 million for the 2007 Period. Comparative results for the 2008 Periodreflect the loss of synfuel-related benefits realized in the 2007 Period ofapproximately $28.5 million and $31.3 million for net income and EBITDA,respectively. (For a definition of EBITDA and related reconciliations to GAAP,please see the end of this release.) Financial results for the 2008 Period, compared to the 2007 Period, were alsoimpacted by increased operating expenses, outside coal purchases, depreciation,depletion and amortization and interest expense, as discussed above. ARLPs capital expenditures for the 2008 Period totaled $206.3 million,including approximately $77.7 million in maintenance capital. Major investmentsduring 2008 included expansion of production capacity at the Warrior and ElkCreek mining complexes, infrastructure improvements at the Warrior and GibsonCounty mining complexes, acquisition of coal reserves and leasehold interests,and continuing mine development at the River View and Tunnel Ridge growthprojects. 
The balance of capital expenditures in the 2008 Period relatedprimarily to various infrastructure improvements and efficiency projects atother operations. Regional Results and AnalysisIllinois BasinCentral AppalachiaNorthern Appalachia Total (3) 2008 Qtr 2007 Qtr 2008 Qtr 2007 Qtr 2008 Qtr 2007 Qtr 2008 Qtr 2007 QtrTons sold (millions)5.238 4.420 0.907 0.847 0.806 0.771 6.951 6.038 Coal sales price per ton (1) $36.31$34.03$61.42$57.23$58.48$49.08$42.15$39.20 Segment Adjusted EBITDA Expense per ton (2)$27.85$22.59$46.32$42.03$44.24$36.44$32.76$27.73 Segment Adjusted EBITDA (millions) (2) $44.6 $54.0 $13.8 $12.9 $12.6 $10.7 $71.8 $75.7 (1) Sales price per ton is defined as total coal sales divided by total tonssold. (2) For definitions of Segment Adjusted EBITDA expense per ton and SegmentAdjusted EBITDA and related reconciliations to GAAP, please see the end of thisrelease (3) Total includes other, corporate and eliminations. Increased coal sales in all operating regions drove ARLPs coal sales volumeshigher to 7.0 million tons in the 2008 Quarter, compared to 6.0 million tons inthe 2007 Quarter. Coal sales volumes in the Illinois Basin increased 18.5during the 2008 Quarter to 5.2 million tons, compared to the 2007 Quarter,primarily as a result of recent expansions of production capacity at the ElkCreek and Warrior mines and increased production at the Dotiki and Gibson mines.In the Central Appalachian region, increased production and sales of purchasedtons resulted in higher coal sales volume during the 2008 Quarter, compared tothe 2007 Quarter. Total average coal sales price per ton for the 2008 Quarter increased 7.5 overthe 2007 Quarter to a record $42.15 per ton sold as ARLP continued to benefitfrom improved contract pricing across all operating regions. In addition,average coal sales prices per ton in the Central Appalachian and NorthernAppalachian regions rose due to the previously mentioned sales into higherpriced spot and export markets during the 2008 Quarter.
Total Segment Adjusted EBITDA Expense per ton increased 18.1 during the 2008Quarter to $32.76 per ton sold, compared to the 2007 Quarter. As previouslydiscussed, all of ARLPs operating regions experienced increased labor expenses,materials and supply costs (particularly steel, power, and other consumables)and maintenance costs, as well as reduced productivityand higher compliancecosts associated with more stringent regulatory enforcement. Expenses related toour River View and Tunnel Ridge organic growth projects also contributed to theincrease in the 2008 Quarter. (For a definition of Segment Adjusted EBITDA andreconciliation to GAAP, please see the end of this release.) OutlookCommenting on ARLPs outlook, Mr. Craft said, "Notwithstanding the inherentdifficulties in predicting coal supply/demand and pricing created by the currenteconomic turmoil, based on existing coal supply contracts and ongoingdiscussions with customers, it is clear to us that production from our RiverView and Tunnel Ridge projects is needed to meet market demand over the longterm and ARLP remains committed to development of these mining complexes. Withrespect to our Gibson South and Penn Ridge mines, development of these projectscontinues to be market dependent.
Unfortunately, current market conditionscoupled with ARLPs strategy of disciplined growth supported by committed marketdemand leaves the timing of these projects open ended," Mr Craft added. "Wecontinue to be positive in our outlook for sustainable growth in ARLPs cashflow and currently anticipate ARLPs EBITDA per ton will improve by 40 to 60in 2009 compared to 2008. With a significant portion of our production committedand priced, we also expect that ARLP will experience year-over-year growth in2010. The rate of growth beyond 2009, however, will be dependent on generaleconomic and coal market conditions as well as coal pricing and cost dynamicsexisting at that time." Based on current estimates and construction schedules, total capitalexpenditures, including maintenance capital expenditures, for 2009 are currentlyestimated in a range of $430.0 to $480.0 million. ARLP is currently estimatingmaintenance capital expenditures of approximately $3.90 per ton produced. Actualcapital expenditures in 2009 may vary due to acceleration or delays inanticipated construction schedules.
