XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

EARNINGS PER LIMITED PARTNER UNIT | 3 Months Ended
--- | ---
Mar. 31, 2024
EARNINGS PER LIMITED PARTNER UNIT |
EARNINGS PER LIMITED PARTNER UNIT | 14.EARNINGS PER LIMITED PARTNER UNIT ​ We utilize the two-class method in calculating basic and diluted earnings per limited partner unit ("EPU"). Subsequent to the acquisition of oil & gas net royalty acres from JC Resources LP on February 22, 2023 (the "JC Resources Acquisition"), net income attributable to ARLP is allocated to limited partners and participating securities with nonforfeitable distributions or distribution equivalents, while net losses attributable to ARLP are allocated only to limited partners but not to participating securities. Prior to the JC Resources Acquisition, in addition to limited partners and participating securities allocations, amounts were also allocated to our general partner for historical earnings from the mineral interests acquired in the JC Resources Acquisition. ​ Our participating securities are outstanding restricted unit awards under our Long-Term Incentive Plan ("LTIP") and phantom units in notional accounts under our Supplemental Executive Retirement Plan ("SERP") and the MGP Amended and Restated Deferred Compensation Plan for Directors ("Directors' Deferred Compensation Plan"). ​ The following is a reconciliation of net income attributable to ARLP used for calculating basic and diluted earnings per unit and the weighted-average units used in computing EPU: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
​ |  | 2024 |  | 2023 |
​ | ​ | (in thousands, except per unit data) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to ARLP | ​ | $ | 158,057 | ​ | $ | 191,185 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​
General partner's interest in net income attributable to ARLP | ​ |  | — | ​ |  | (1,384) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Limited partners' interest in net income attributable to ARLP | ​ |  | 158,057 | ​ |  | 189,801 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distributions to participating securities | ​ |  | (1,680) | ​ |  | (2,432) | ​
Undistributed earnings attributable to participating securities | ​ |  | (1,448) | ​ |  | (2,979) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to ARLP available to limited partners | ​ | $ | 154,929 | ​ | $ | 184,390 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average limited partner units outstanding – basic and diluted | ​ |  | 127,671 | ​ |  | 127,289 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per limited partner unit - basic and diluted (1) | ​ | $ | 1.21 | ​ | $ | 1.45 | ​
(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 2,175 and 3,147 for the three months ended March 31, 2024 and 2023, respectively, were considered anti-dilutive under the treasury stock method.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration