SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2024

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ALLIANCE RESOURCE PARTNERS, L.P.

CONDENSED BALANCE SHEETS (PARENT)

DECEMBER 31, 2024 AND 2023

(In thousands, except unit data)

	December 31,
	2024		2023
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,942	$	2,043
Total current assets		1,942		2,043
OTHER ASSETS:
Investments in consolidated subsidiaries		1,866,102		1,894,158
Total other assets		1,866,102		1,894,158
TOTAL ASSETS	$	1,868,044	$	1,896,201
LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES:
Accrued taxes other than income taxes	$	194	$	174
Total current liabilities		194		174
Total liabilities		194		174
PARTNERS' CAPITAL:
Limited Partners - Common Unitholders 128,061,981 and 127,125,437 units outstanding, respectively		1,867,850		1,896,027
TOTAL LIABILITIES AND PARTNERS' CAPITAL	$	1,868,044	$	1,896,201

See accompanying notes.

CONDENSED STATEMENTS OF OPERATIONS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

(In thousands, except unit and per unit data)

	Year Ended December 31,
	2024		2023		2022
EXPENSES:
General and administrative	$	301	$	151	$	—
Total operating expenses		301		151		—
LOSS FROM OPERATIONS		(301)		(151)		—
Interest income		94		57		—
Equity in earnings of consolidated subsidiaries		361,062		630,212		586,200
NET INCOME ATTRIBUTABLE TO ARLP	$	360,855	$	630,118	$	586,200
NET INCOME ATTRIBUTABLE TO ARLP
GENERAL PARTNER	$	—	$	1,384	$	9,010
LIMITED PARTNERS	$	360,855	$	628,734	$	577,190
EARNINGS PER LIMITED PARTNER UNIT - BASIC AND DILUTED	$	2.77	$	4.81	$	4.39
WEIGHTED-AVERAGE NUMBER OF UNITS OUTSTANDING – BASIC AND DILUTED		127,964,744		127,180,312		127,195,219

See accompanying notes.

CONDENSED STATEMENTS OF CASH FLOWS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

(In thousands)

	Year Ended December 31,
	2024		2023		2022
CASH FLOWS FROM OPERATING ACTIVITIES:	$	363,329	$	364,448	$	196,348
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions paid to Partners		(363,430)		(364,579)		(196,347)
Net cash used in financing activities		(363,430)		(364,579)		(196,347)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(101)		(131)		1
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		2,043		2,174		2,173
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1,942	$	2,043	$	2,174

See accompanying notes.

NOTES TO FINANCIAL INFORMATION (PARENT)

1.BASIS OF PRESENTATION

In these parent-company-only financial statements, our investment in consolidated subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries and reduced by distributions received from subsidiaries since the date of acquisition. These parent-company-only financial statements should be read in conjunction with our consolidated financial statements in “Item 8. Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.

2.GUARANTEES

As the parent of Alliance Coal and the Intermediate Partnership, ARLP is a guarantor of the Credit Facility and the 2029 Senior Notes discussed in “Item 8. Financial Statements and Supplementary Data—Note 12 – Long-Term Debt” of this Annual Report on Form 10-K. In addition to these guarantees, ARLP has provided guarantees on surety indemnity agreements and financially guaranteed certain coal supply agreements. The duration of these guarantees varies. The maximum undiscounted potential future payment obligation for our guarantees of certain coal supply agreements as of December 31, 2024 is approximately $21.9 million. These guarantees provide for compensation to customers based on additional cost to the customer to replace any contracted tons that our subsidiaries fail to deliver. We do not expect to make any payments under these guarantees.

3.CASH DISTRIBUTIONS RECEIVED

We received distributions of $363.4 million, $364.6 million and $196.3 million from our consolidated subsidiaries during the years ended December 31, 2024, 2023, and 2022, respectively.