EARNINGS PER LIMITED PARTNER UNIT (Tables)

6 Months Ended

Jun. 30, 2022

Reconciliation of net income and EPU calculations


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021

	(in thousands, except per unit data)
Net income attributable to ARLP	$	161,478	$	44,035	$	198,130	$	68,783

Less:
Distributions to participating securities		(1,720)		(401)		(3,272)		(619)
Undistributed earnings attributable to participating securities		(3,645)		(825)		(3,245)		(934)

Net income attributable to ARLP available to limited partners	$	156,113	$	42,809	$	191,613	$	67,230

Weighted-average limited partner units outstanding – basic and diluted		127,195		127,195		127,195		127,195

Earnings per limited partner unit - basic and diluted (1)	$	1.23	$	0.34	$	1.51	$	0.53

(1)

Diluted EPU gives effect to all potentially dilutive common units outstanding during the period using the treasury stock method. Diluted EPU excludes all potentially dilutive units calculated under the treasury stock method if their effect is anti-dilutive. The combined total of LTIP, SERP and Directors' Deferred Compensation Plan units of 3,529 and 3,289 for the three and six months ended June 30, 2022, respectively, and 1,525 and 1,397 for the three and six months ended June 30, 2021, respectively, were considered anti-dilutive under the treasury stock method.