XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

PARTNERS' CAPITAL | 3 Months Ended
--- | ---
Mar. 31, 2023
PARTNERS' CAPITAL |
PARTNERS' CAPITAL | 10.PARTNERS' CAPITAL ​ Distributions ​ Distributions paid or declared during 2022 and 2023 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Payment Date |  | Per Unit Cash Distribution |  | Total Cash Distribution |
​ | ​ | ​ | ​ | ​ | (in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
February 14, 2022 | ​ | $ | 0.2500 | ​ | $ | 32,750 | ​
May 13, 2022 | ​ | ​ | 0.3500 | ​ | ​ | 45,810 | ​
August 12, 2022 | ​ | ​ | 0.4000 | ​ | ​ | 52,338 | ​
November 14, 2022 | ​ | ​ | 0.5000 | ​ | ​ | 65,449 | ​
Total | ​ | $ | 1.5000 | ​ | $ | 196,347 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
February 14, 2023 | ​ | $ | 0.7000 | ​ | $ | 91,938 | ​
May 15, 2023 (1) | ​ | ​ | 0.7000 | ​ | ​ | — | ​
Total | ​ | $ | 1.4000 | ​ | $ | 91,938 | ​
(1) | On April 28, 2023, we declared this quarterly distribution payable on May 15, 2023 to all unitholders of record as of May 8, 2023.
​ Unit Repurchase Program ​ In January 2023, the board of directors of MGP authorized a $93.5 million increase to the unit repurchase program, which had $6.5 million of available capacity as of December 31, 2022. As a result, we are authorized to repurchase up to a total of $100.0 million of ARLP common units. During the first quarter of 2023, we repurchased and retired 860,060 units at an average unit price of $21.17 for an aggregate purchase price of $18.2 million. Since inception of the unit repurchase program, we have repurchased and retired 6,320,664 units at an average unit price of $17.67 for an aggregate purchase price of $111.7 million. ​ Change in Partners' Capital ​ The following tables present the quarterly change in Partners' Capital for the three months ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Limited | ​ | General | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Limited Partner | ​ | Partners' | ​ | Partner's | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total Partners' | ​
​ |  | Units |  | Capital |  | Capital |  | Income (Loss) |  | Interest |  | Capital |
​ | ​ | (in thousands, except unit data) | ​
Balance at January 1, 2023 |  | 127,195,219 | ​ | $ | 1,656,025 | ​ | $ | 66,548 | ​ | $ | (41,054) | ​ | $ | 26,507 | ​ | $ | 1,708,026 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 189,801 | ​ |  | 1,384 | ​ |  | — | ​ | ​ | 1,493 |  |  | 192,678 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | — | ​ |  | 565 | ​ |  | — |  |  | 565 | ​
Total comprehensive loss |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 193,243 | ​
Settlement of deferred compensation plans | ​ | 860,060 | ​ | ​ | (9,320) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (9,320) | ​
Purchase of units under unit repurchase program | ​ | (860,060) | ​ | ​ | (18,209) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (18,209) | ​
Common unit-based compensation |  | — | ​ |  | 2,830 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,830 | ​
Distributions on deferred common unit-based compensation |  | — | ​ |  | (2,901) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,901) | ​
Distributions from consolidated company to affiliate noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,288) | ​ | ​ | (2,288) | ​
JC Resources acquisition - See Note 1 | ​ | — | ​ | ​ | (7,251) | ​ | ​ | (64,999) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (72,250) | ​
Cash retained by JC Resources in acquisition - See Note 1 | ​ | — | ​ | ​ | — | ​ | ​ | (2,933) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,933) | ​
Distributions to Partners |  | — | ​ | ​ | (89,037) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (89,037) | ​
Balance at March 31, 2023 | ​ | 127,195,219 | ​ | $ | 1,721,938 | ​ | $ | — | ​ | $ | (40,489) | ​ | $ | 25,712 | ​ | $ | 1,707,161 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Limited | ​ | General | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Limited Partner | ​ | Partners' | ​ | Partner's | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total Partners' | ​
​ |  | Units |  | Capital |  | Capital * |  | Income (Loss) |  | Interest |  | Capital * |
​ | ​ | (in thousands, except unit data) | ​
Balance at January 1, 2022 |  | 127,195,219 | ​ | $ | 1,279,183 | ​ | $ | 68,075 | ​ | $ | (64,229) | ​ | $ | 11,115 | ​ | $ | 1,294,144 | ​
Comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | — | ​ |  | 36,652 | ​ |  | 1,431 | ​ |  | — | ​ | ​ | 290 |  |  | 38,373 | ​
Actuarially determined long-term liability adjustments |  | — | ​ |  | — | ​ |  | — | ​ |  | 790 | ​ |  | — |  |  | 790 | ​
Total comprehensive income |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 39,163 | ​
Common unit-based compensation |  | — | ​ |  | 2,640 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,640 | ​
Distributions on deferred common unit-based compensation |  | — | ​ |  | (950) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (950) | ​
Distributions from consolidated company to affiliate noncontrolling interest | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (298) | ​ | ​ | (298) | ​
Cash retained by JC Resources in acquisition - See Note 1 | ​ | — | ​ | ​ | — | ​ | ​ | (1,590) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,590) | ​
Distributions to Partners |  | — | ​ | ​ | (31,800) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (31,800) | ​
Balance at March 31, 2022 |  | 127,195,219 | ​ | $ | 1,285,725 | ​ | $ | 67,916 | ​ | $ | (63,439) | ​ | $ | 11,107 | ​ | $ | 1,301,309 | ​
* Recast as discussed in Note 1 – Organization and Presentation. ​

X
- References No definition available. + Details
Name: | us-gaap_PartnersCapitalNotesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_PartnersCapitalNotesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration