Alliance Resource Partners — Apr 28, 2025 release

Nominees, and not ARLP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors. Outlook "As a result of the contracting activity during the 2025 Quarter and anticipated additional domestic solicitations for deliveries in the back half of the year, we expect domestic sales to exceed our 30 million ton target this year," commented Mr. Craft. "We continue to expect improved costs this year in both regions to help offset declines in realized prices, keeping 2025 Adjusted EBITDA margins for our coal operations similar to 2024. In the Oil & Gas Royalty business, lower crude oil pricing is expected to have a negative impact on associated royalty revenues and may also weigh on the near-term outlook for drilling activity. While seller expectations may exceed our disciplined underwriting standards making it more difficult to deploy capital, we will remain active in this market and focused on pursuing high-quality, value accretive opportunities." Mr. Craft concluded, "Looking forward, we expect that the administration’s recent announcement regarding existing critical coal-fired generation is likely to result in extended operating lives at a number of our customers’ facilities. While this policy momentum supports constructive long-term fundamentals, the initial fallout from the Liberation Day tariff announcements has created uncertainty as to inflation trends and global economic activity. We have secured solid volume commitments for 2025 and 2026; however, like this year, as our higher-priced, m