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EARNINGS PER LIMITED PARTNER UNIT (Tables)
6 Months Ended
Jun. 30, 2024
EARNINGS PER LIMITED PARTNER UNIT  
Reconciliation of net income (loss) and EPU calculations

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

    

(in thousands, except per unit data)

Net income attributable to ARLP

$

100,187

$

169,790

$

258,244

$

360,975

Less:

General partner's interest in net income attributable to ARLP

 

 

 

 

(1,384)

Limited partners' interest in net income attributable to ARLP

 

100,187

 

169,790

 

258,244

 

359,591

Less:

Distributions to participating securities

 

(1,688)

 

(2,396)

 

(3,368)

 

(4,828)

Undistributed earnings attributable to participating securities

 

(164)

 

(2,071)

 

(1,518)

 

(4,981)

Net income attributable to ARLP available to limited partners

$

98,335

$

165,323

$

253,358

$

349,782

Weighted-average limited partner units outstanding – basic and diluted

 

128,062

 

127,183

 

127,866

 

127,236

Earnings per limited partner unit - basic and diluted (1)

$

0.77

$

1.30

$

1.98

$

2.75

(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 1,726 and 1,945 for the three and six months ended June 30, 2024, respectively, and 2,577 and 2,896 for the three and six months ended June 30, 2023, respectively, were considered anti-dilutive under the treasury stock method.