EARNINGS PER LIMITED PARTNER UNIT (Tables)

3 Months Ended

Mar. 31, 2024

EARNINGS PER LIMITED PARTNER UNIT

Reconciliation of net income (loss) and EPU calculations

	Three Months Ended
	March 31,
	2024		2023
	(in thousands, except per unit data)
Net income attributable to ARLP	$	158,057	$	191,185
Less:
General partner's interest in net income attributable to ARLP		—		(1,384)
Limited partners' interest in net income attributable to ARLP		158,057		189,801
Less:
Distributions to participating securities		(1,680)		(2,432)
Undistributed earnings attributable to participating securities		(1,448)		(2,979)
Net income attributable to ARLP available to limited partners	$	154,929	$	184,390
Weighted-average limited partner units outstanding – basic and diluted		127,671		127,289
Earnings per limited partner unit - basic and diluted (1)	$	1.21	$	1.45

(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 2,175 and 3,147 for the three months ended March 31, 2024 and 2023, respectively, were considered anti-dilutive under the treasury stock method.