XML 32 R19.htm IDEA: XBRL DOCUMENT

PARTNERS' CAPITAL

3 Months Ended

Mar. 31, 2025

PARTNERS' CAPITAL.

PARTNERS' CAPITAL

12.PARTNERS’ CAPITAL

Distributions

Distributions paid or declared during 2024 and 2025 were as follows:


Payment Date		Per Unit Cash Distribution			Total Cash Distribution
					(in thousands)

February 14, 2024		$	0.70		$	91,246
May 15, 2024			0.70			90,736
August 14, 2024			0.70			90,725
November 14, 2024			0.70			90,723
Total		$	2.80		$	363,430

February 14, 2025		$	0.70		$	90,891
May 15, 2025 (1)			0.70
Total		$	1.40		$	90,891

(1)	On April 28, 2025, we declared this quarterly distribution payable on May 15, 2025 to all unitholders of record as of May 8, 2025.

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 remaining of the original $100.0 million authorized as of December 31, 2022. As a result, we were authorized to repurchase up to a total of $100.0 million of ARLP common units from that date. No units were repurchased during the three months ended March 31, 2025 and 2024, respectively. Since inception of the unit repurchase program, we have repurchased and retired 6,390,446 units at an average unit price of $17.67 for an aggregate purchase price of $112.9 million.

Change in Partners’ Capital

The following tables present the quarterly change in Partners' Capital for the three months ended March 31, 2025 and 2024:


							Accumulated
		Number of		Limited			Other
		Limited Partner		Partners'			Comprehensive			Noncontrolling			Total Partners'
		Units		Capital			Income (Loss)			Interest			Capital

		(in thousands, except unit data)
Balance at January 1, 2025		128,061,981		$	1,867,850		$	(35,103)		$	20,786		$	1,853,533
Comprehensive income:
Net income		—			73,983			—			1,577			75,560
Other comprehensive income		—			—			270			—			270
Total comprehensive income														75,830
Settlement of deferred compensation plans		366,043			(7,082)			—			—			(7,082)
Common unit-based compensation		—			1,964			—			—			1,964
Distributions on deferred common unit-based compensation		—			(1,247)			—			—			(1,247)
Distributions from consolidated company to noncontrolling interest		—			—			—			(1,894)			(1,894)
Distributions to Partners		—			(89,644)			—			—			(89,644)
Balance at March 31, 2025		128,428,024		$	1,845,824		$	(34,833)		$	20,469		$	1,831,460


							Accumulated
		Number of		Limited			Other
		Limited Partner		Partners'			Comprehensive			Noncontrolling			Total Partners'
		Units		Capital			Income (Loss)			Interest			Capital

		(in thousands, except unit data)
Balance at January 1, 2024		127,125,437		$	1,896,027		$	(61,525)		$	24,095		$	1,858,597
Cumulative-effect adjustment		—			6,232			—			—			6,232
Comprehensive income:
Net income		—			158,057			—			1,510			159,567
Actuarially determined long-term liability adjustments		—			—			923			—			923
Total comprehensive income														160,490
Settlement of deferred compensation plans		936,544			(13,292)			—			—			(13,292)
Common unit-based compensation		—			2,604			—			—			2,604
Distributions on deferred common unit-based compensation		—			(2,261)			—			—			(2,261)
Distributions from consolidated company to noncontrolling interest		—			—			—			(1,981)			(1,981)
Distributions to Partners		—			(88,985)			—			—			(88,985)
Balance at March 31, 2024		128,061,981		$	1,958,382		$	(60,602)		$	23,624		$	1,921,404