Three Months Ended

Nine Months Ended

September 30,

2023

2022 (1)

2023

2022 (1)

(in thousands, except per unit data)

Net income attributable to ARLP

$

153,699

$

167,708

$

514,674

$

369,319

Adjustment:

General partner's interest in net income attributable to ARLP

—

(3,101)

(1,384)

(6,582)

Limited partners' interest in net income attributable to ARLP

153,699

164,607

513,290

362,737

Less:

Distributions to participating securities

(2,414)

(2,180)

(7,242)

(5,452)

Undistributed earnings attributable to participating securities

(1,652)

(3,275)

(6,596)

(6,504)

Net income attributable to ARLP available to limited partners

$

149,633

$

159,152

$

499,452

$

350,781

Weighted-average limited partner units outstanding – basic and diluted

127,125

127,195

127,199

127,195

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

$

1.18

$

1.25

$

3.93

$

2.76