Alliance Resource Partners — Jul 27, 2026 release

Looking ahead, our strategy within this segment is focused on reducing leverage, maintaining financial flexibility, and pursuing disciplined acquisition opportunities that enhance long-term unitholder value." Page 5 ​ Guidance ARLP is updating the following guidance for the full year ending December 31, 2026: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2026 Full Year Guidance ​ ​ ​ ​ ​ ​ Coal Operations ​ ​ ​ ​ ​ Volumes (Million Short Tons) ​ ​ ​ ​ ​ Illinois Basin sales tons ​ ​ ​ ​ 26.00 — 27.00 Appalachia sales tons ​ ​ ​ ​ 7.75 — 8.25 Total sales tons ​ ​ ​ ​ 33.75 — 35.25 ​ ​ ​ ​ ​ ​ Committed & Priced Sales Tons ​ ​ ​ ​ ​ 2026 — Domestic / Export / Total ​ ​ ​ ​ 31.3 / 3.0 / 34.3 2027 — Domestic / Export / Total ​ ​ ​ ​ 26.7 / 2.7 / 29.4 ​ ​ ​ ​ ​ ​ Coal Sales Price Per Ton Sold (1) ​ ​ ​ ​ ​ Illinois Basin ​ ​ ​ ​ $50.00 — $52.00 Appalachia ​ ​ ​ ​ $65.00 — $69.00 Total ​ ​ ​ ​ $54.00 — $56.00 ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA Expense Per Ton Sold (2) ​ ​ ​ ​ ​ Illinois Basin ​ ​ ​ ​ $33.00 — $35.00 Appalachia ​ ​ ​ ​ $48.00 — $52.00 Total ​ ​ ​ ​ $37.00 — $39.00 ​ ​ ​ ​ ​ ​ Royalties ​ ​ ​ ​ ​ Oil & Gas Royalties (3) ​ ​ ​ ​ ​ Oil (000 Barrels) ​ ​ ​ ​ 1,950 — 2,050 Natural gas (000 MCF) ​ ​ ​ ​ 10,000 — 10,500 Liquids (000 Barrels) ​ ​ ​ ​ 1,100 — 1,200 Segment Adjusted EBITDA Expense (% of Oil & Gas Royalties Revenue) ​ ​ ​ ​ ~ 14.0% ​ ​ ​ ​ ​ ​ Coal Royalties ​ ​ ​ ​ ​ Royalty tons sold (Million Short Tons) ​ ​ ​ ​ 29.5 — 30.2 Revenue per royalty ton sold ​ ​ ​ ​ $3.00 — $3.20 Segment Adjusted EBITDA Expense per royalty ton sold ​ ​ ​ ​ $1.10 — $1.20 ​ ​ ​ ​ ​ ​ Consolidated (Millions) ​ ​ ​ ​ ​ Depreciation, depletion and amortization ​ ​ ​ ​ $315 — $325 General and administrative ​ ​ ​ ​ $95 — $100 Net interest expense ​ ​ ​ ​ $49 — $52 Income tax expense ​ ​ ​ ​ $22 — $24 Net income attributable to non-controlling interests (4) ​ ​ ​ ​ $13 — $15 Total capital expenditures ​ ​ ​ ​ $280 — $300 (1) Sales price per ton is defined as total coal sales revenue divided by total tons sold. (2) Segment Adjusted EBITDA Expense is defined as operating expenses, coal purchases, if applicable, and other income or expense as adjusted to remove certain items from operating expenses that we characterize as unrepresentative of our ongoing operations. (3) Oil & Gas Royalties guidance volumes reflect the consolidation of AllDale Minerals III and IV beginning July 1, 2026. Production volumes attributable to AllDale III and IV are included in the guidance ranges and will be reported on a consolidated basis in ARLP's financial results. (4) Represents the estimated portion of Oil & Gas Royalties segment results attributable to non-controlling interests, including third-party and related-party ownership interests in AllDale Minerals III, AllDale Minerals IV, and Cavalier Minerals JV, LLC. Amounts attributable to non-controlling interests are excluded from net income attributable to ARLP. Page 6 ​ ​ Derivatives As of the date of this pre