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Earnings per Limited Partner Unit (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Reconciliation of net income (loss) and EPU calculations


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2025			2024			2025			2024

		(in thousands, except per unit data)
Net income attributable to ARLP		$	95,104		$	86,281		$	228,497		$	344,525

Less:
Distributions to participating securities			(715)			(1,616)			(2,260)			(4,984)
Undistributed earnings attributable to participating securities			(160)			—			—			(1,378)

Net income attributable to ARLP available to limited partners		$	94,229		$	84,665		$	226,237		$	338,163

Weighted-average limited partner units outstanding – basic and diluted			128,428			128,062			128,374			127,932

Earnings per limited partner unit - basic and diluted (1)		$	0.73		$	0.66		$	1.76		$	2.64

(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 and nine months ended September 30, 2025, participating securities of 665 and 703, respectively, were considered anti-dilutive under the treasury stock method. For the three and nine months ended September 30, 2024, participating securities of 1,863 and 1,915, respectively, were considered anti-dilutive under the treasury stock method.