EARNINGS PER LIMITED PARTNER UNIT (Tables)

9 Months Ended

Sep. 30, 2022

Reconciliation of net income and EPU calculations


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021

	(in thousands, except per unit data)
Net income attributable to ARLP	$	164,607	$	57,548	$	362,737	$	126,331

Less:
Distributions to participating securities		(2,180)		(765)		(5,452)		(1,384)
Undistributed earnings attributable to participating securities		(3,275)		(951)		(6,504)		(1,832)

Net income attributable to ARLP available to limited partners	$	159,152	$	55,832	$	350,781	$	123,115

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)	$	1.25	$	0.44	$	2.76	$	0.97

(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 3,754 and 3,431 for the three and nine months ended September 30, 2022, respectively, and 2,328 and 1,706 for the three and nine months ended September 30, 2021, respectively, were considered anti-dilutive under the treasury stock method.