EARNINGS PER LIMITED PARTNER UNIT (Tables)

12 Months Ended

Dec. 31, 2022

EARNINGS PER LIMITED PARTNER UNIT

Reconciliation of net income (loss) and EPU calculations

	Year Ended December 31,
	2022		2021		2020
	(in thousands, except per unit data)
Net income (loss) attributable to ARLP	$	577,190	$	178,157	$	(129,220)
Less:
Distributions to participating securities		(8,527)		(2,334)		—
Undistributed earnings attributable to participating securities		(10,576)		(2,403)		—
Net income (loss) attributable to ARLP available to limited partners	$	558,087	$	173,420	$	(129,220)
Weighted-average limited partner units outstanding – basic and diluted		127,195		127,195		127,165
Earnings per limited partner unit - basic and diluted (1)	$	4.39	$	1.36	$	(1.02)

(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 years ended December 31, 2022, 2021 and 2020, the combined total of LTIP, SERP and Directors' Deferred Compensation Plan units of 3,540,385, 1,967,672 and 773,664, respectively, were considered anti-dilutive under the treasury stock method.