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EARNINGS PER LIMITED PARTNER UNIT (Tables)

3 Months Ended

Mar. 31, 2025

Reconciliation of net income (loss) and EPU calculations


	Three Months Ended
	March 31,
	2025		2024

	(in thousands, except per unit data)
Net income attributable to ARLP	$	73,983	$	158,057

Less:
Distributions to participating securities		(826)		(1,680)
Undistributed earnings attributable to participating securities		—		(1,448)

Net income attributable to ARLP available to limited partners	$	73,157	$	154,929

Weighted-average limited partner units outstanding – basic and diluted		128,265		127,671

Earnings per limited partner unit - basic and diluted (1)	$	0.57	$	1.21

(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. For the three months ended March 31, 2025, LTIP units of 817 were considered anti-dilutive under the treasury stock method. For the three months ended March 31, 2024, the combined total of LTIP, SERP and Directors’ Deferred Compensation Plan units of 2,175 were considered anti-dilutive under the treasury stock method.