Three Months Ended

Six Months Ended

June 30,

2023

2022

2023

2022 (1)

(in thousands, except per unit data)

Net income attributable to ARLP

$

169,790

$

163,528

$

360,975

$

201,611

Adjustment:

General partner's interest in net income attributable to ARLP

—

(2,050)

(1,384)

(3,481)

Limited partners' interest in net income attributable to ARLP

169,790

161,478

359,591

198,130

Less:

Distributions to participating securities

(2,396)

(1,720)

(4,828)

(3,272)

Undistributed earnings attributable to participating securities

(2,071)

(3,645)

(4,981)

(3,245)

Net income attributable to ARLP available to limited partners

$

165,323

$

156,113

$

349,782

$

191,613

Weighted-average limited partner units outstanding – basic and diluted

127,183

127,195

127,236

127,195

Earnings per limited partner unit - basic and diluted (2)

$

1.30

$

1.23

$

2.75

$

1.51