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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021


	Coal Operations				Royalties
	Illinois								Other and		Elimination
	Basin		Appalachia		Oil & Gas		Coal		Corporate		(1)		Consolidated

	(in thousands)
Three Months Ended June 30, 2021

Revenues - Outside	$	218,233	$	120,723	$	17,587	$	—	$	5,900	$	—	$	362,443
Revenues - Intercompany		—		—		—		11,653		2,647		(14,300)		—
Total revenues (2)		218,233		120,723		17,587		11,653		8,547		(14,300)		362,443

Segment Adjusted EBITDA Expense (3)		140,176		74,456		2,419		4,871		4,825		(12,243)		214,504
Segment Adjusted EBITDA (4)		70,623		41,641		15,379		6,782		3,724		(2,057)		136,092
Capital expenditures		12,515		10,382		—		—		1,292		—		24,189

Three Months Ended June 30, 2020

Revenues - Outside	$	137,787	$	107,110	$	7,847	$	—	$	2,458	$	—	$	255,202
Revenues - Intercompany		—		—		—		6,778		2,497		(9,275)		—
Total revenues (2)		137,787		107,110		7,847		6,778		4,955		(9,275)		255,202

Segment Adjusted EBITDA Expense (3)		111,967		74,227		1,119		3,021		4,147		(6,940)		187,541
Segment Adjusted EBITDA (4)		22,667		30,279		6,881		3,757		807		(2,335)		62,056
Capital expenditures		14,029		19,686		—		—		166		—		33,881

Six Months Ended June 30, 2021

Revenues - Outside	$	409,167	$	229,342	$	31,607	$	—	$	10,949	$	—	$	681,065
Revenues - Intercompany		—		—		—		22,954		5,366		(28,320)		—
Total revenues (2)		409,167		229,342		31,607		22,954		16,315		(28,320)		681,065

Segment Adjusted EBITDA Expense (3)		265,757		148,182		4,477		8,899		9,111		(24,205)		412,221
Segment Adjusted EBITDA (4)		128,296		73,147		27,325		14,055		7,205		(4,115)		245,913
Total assets		726,555		425,574		604,355		292,134		489,271		(422,376)		2,115,513
Capital expenditures		28,916		22,048		—		—		4,662		—		55,626

Six Months Ended June 30, 2020

Revenues - Outside	$	341,659	$	235,213	$	22,110	$	5	$	6,978	$	—	$	605,965
Revenues - Intercompany		—		—		—		18,149		5,356		(23,505)		—
Total revenues (2)		341,659		235,213		22,110		18,154		12,334		(23,505)		605,965

Segment Adjusted EBITDA Expense (3)		268,650		154,145		2,002		7,488		8,789		(18,835)		422,239
Segment Adjusted EBITDA (4)		66,000		77,581		20,636		10,666		3,544		(4,670)		173,757
Total assets		814,972		492,073		628,308		294,435		473,119		(417,279)		2,285,628
Capital expenditures		40,258		43,257		—		—		730		—		84,245

(1)

The elimination column represents the elimination of intercompany transactions and is primarily comprised of coal royalties paid by certain of our coal operation entities to Alliance Resource Properties, sales from the Matrix Group to our mining operations, coal sales and purchases between operations within different segments, sales of receivables to AROP Funding, financing between segments and insurance premiums paid to Wildcat Insurance.

(2)	Revenues included in the Other and Corporate column are primarily attributable to the outside and affiliate revenues at the Matrix Group and coal brokerage activities. In addition, Other and Corporate includes affiliate revenues from administrative and Wildcat Insurance revenues services.

(3)	Segment Adjusted EBITDA Expense includes operating expenses, coal purchases and other income. Transportation expenses are excluded as transportation revenues are recognized in an amount equal to transportation expenses when title passes to the customer.

Reconciliation of consolidated Segment Adjusted EBITDA Expense to operating expenses (excluding depreciation, depletion and amortization)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020

	(in thousands)
Segment Adjusted EBITDA Expense	$	214,504	$	187,541	$	412,221	$	422,239
Outside coal purchases		(114)		—		(114)		—
Other expense		(1,351)		(377)		(2,548)		(733)
Operating expenses (excluding depreciation, depletion and amortization)	$	213,039	$	187,164	$	409,559	$	421,506

(4)

Segment Adjusted EBITDA is defined as net income (loss) attributable to ARLP before net interest expense, income taxes, depreciation, depletion and amortization, general and administrative expenses and asset and goodwill impairments. Management therefore is able to focus solely on the evaluation of segment operating profitability as it relates to our revenues and operating expenses, which are primarily controlled by our segments. Consolidated Segment Adjusted EBITDA is reconciled to net income as follows:

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	136,092	$	62,056	$	245,913	$	173,757
General and administrative		(17,492)		(13,822)		(32,996)		(27,260)
Depreciation, depletion and amortization		(64,733)		(83,559)		(123,935)		(157,480)
Asset impairments		—		—		—		(24,977)
Goodwill impairment		—		—		—		(132,026)
Interest expense, net		(9,827)		(11,416)		(20,206)		(23,643)
Income tax (expense) benefit		(5)		77		7		182
Net income (loss) attributable to ARLP	$	44,035	$	(46,664)	$	68,783	$	(191,447)
Noncontrolling interest		130		(15)		208		61
Net income (loss)	$	44,165	$	(46,679)	$	68,991	$	(191,386)