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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022


	Coal Operations				Royalties				Other,
	Illinois								Corporate and
	Basin		Appalachia		Oil & Gas		Coal		Elimination		Consolidated

	(in thousands)
Three Months Ended June 30, 2022

Revenues - Outside	$	313,497	$	255,682	$	36,579	$	—	$	10,743	$	616,501
Revenues - Intercompany		—		—		—		14,525		(14,525)		—
Total revenues (1)		313,497		255,682		36,579		14,525		(3,782)		616,501

Segment Adjusted EBITDA Expense (2)		194,697		117,369		3,234		5,398		(4,624)		316,074
Segment Adjusted EBITDA (3)		97,352		124,377		34,609		9,127		839		266,304
Capital expenditures		35,343		22,491		—		—		4,995		62,829

Three Months Ended June 30, 2021

Revenues - Outside	$	218,233	$	120,723	$	17,587	$	—	$	5,900	$	362,443
Revenues - Intercompany		—		—		—		11,653		(11,653)		—
Total revenues (1)		218,233		120,723		17,587		11,653		(5,753)		362,443

Segment Adjusted EBITDA Expense (2)		140,176		74,456		2,419		4,871		(7,418)		214,504
Segment Adjusted EBITDA (3)		70,623		41,641		15,379		6,782		1,667		136,092
Capital expenditures		12,515		10,382		—		—		1,292		24,189

Six Months Ended June 30, 2022

Revenues - Outside	$	588,193	$	400,981	$	67,540	$	—	$	20,650	$	1,077,364
Revenues - Intercompany		—		—		—		29,692		(29,692)		—
Total revenues (1)		588,193		400,981		67,540		29,692		(9,042)		1,077,364

Segment Adjusted EBITDA Expense (2)		372,286		201,084		6,235		10,217		(12,568)		577,254
Segment Adjusted EBITDA (3)		175,567		175,480		63,161		19,475		3,525		437,208
Total assets		748,291		457,724		667,278		288,509		171,389		2,333,191
Capital expenditures		71,890		40,836		—		—		9,256		121,982

Six Months Ended June 30, 2021

Revenues - Outside	$	409,167	$	229,342	$	31,607	$	—	$	10,949	$	681,065
Revenues - Intercompany		—		—		—		22,954		(22,954)		—
Total revenues (1)		409,167		229,342		31,607		22,954		(12,005)		681,065

Segment Adjusted EBITDA Expense (2)		265,757		148,182		4,477		8,899		(15,094)		412,221
Segment Adjusted EBITDA (3)		128,296		73,147		27,325		14,055		3,090		245,913
Total assets		726,555		425,574		604,355		292,134		66,895		2,115,513
Capital expenditures		28,916		22,048		—		—		4,662		55,626

(1)	Revenues included in the Other, Corporate and Elimination column are attributable to intercompany eliminations, which are primarily intercompany coal royalty eliminations, outside revenues at the Matrix Group and other outside miscellaneous sales and revenue activities.

(2)	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,
	2022		2021		2022		2021

	(in thousands)
Segment Adjusted EBITDA Expense	$	316,074	$	214,504	$	577,254	$	412,221
Outside coal purchases		(151)		(114)		(151)		(114)
Other income (expense)		579		(1,351)		1,145		(2,548)
Operating expenses (excluding depreciation, depletion and amortization)	$	316,502	$	213,039	$	578,248	$	409,559

Reconciliation of consolidated Segment Adjusted EBITDA to net income


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

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	266,304	$	136,092	$	437,208	$	245,913
General and administrative		(22,457)		(17,492)		(41,053)		(32,996)
Depreciation, depletion and amortization		(66,734)		(64,733)		(130,048)		(123,935)
Interest expense, net		(9,304)		(9,827)		(18,931)		(20,206)
Income tax (expense) benefit		(6,331)		(5)		(49,046)		7
Net income attributable to ARLP	$	161,478	$	44,035	$	198,130	$	68,783
Noncontrolling interest		323		130		613		208
Net income	$	161,801	$	44,165	$	198,743	$	68,991