Alliance Resource Partners — Oct 27, 2025 release

This environment, combined with utility stockpiles normalizing at approximately 78 days of burn coverage, supports robust term contracting activity and greater demand visibility than we've experienced in several years.  Looking to the export markets, we have 1.6 million tons committed and priced for 2026 and anticipate approximately 0.3-0.6 million additional tons of metallurgical coal to be sold in 2026 that is currently uncommitted." Mr. Craft concluded, "We believe the combination of improving fundamentals, our completed capital program driving cost reductions, and our strong balance sheet puts Alliance in a favorable position to meet market demand. While declining oil prices may impact volumes and oil and gas royalty revenue in the short term, improved natural gas forward curves supported by growing LNG export capacity and increased utility demand are expected to partially offset the decline in oil revenue and benefit coal demand next year. Due to normalized utility inventories, and unprecedented demand growth from data centers, analysts we follow are projecting 4-6% annual growth in electricity demand in PJM and other markets we serve. As a result, we believe Alliance has the opportunity and is well-positioned to increase production at Tunnel Ridge and the Illinois Basin operations in 2026." ​ ​ Page 7 ​ ARLP is providing the following updated guidance for the full year ending December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 Full Year Guidance ​ ​ ​ ​ ​ ​ Coal Operations ​ ​ ​ ​ ​ Volumes (Million Short Tons) ​ ​ ​ ​ ​ I