Alliance Resource Partners — Jul 28, 2025 release

Outlook "While the midpoint of our total 2025 coal sales guidance remains essentially unchanged, we have adjusted the ranges and regional mix to reflect current operational realities. In the Illinois Basin, strong domestic demand has led us to increase our full year guidance midpoint by 625 thousand tons, whereas lower production at Tunnel Ridge and a customer default at MC Mining during the first half of the year have prompted us to reduce our expected coal sales tons in the Appalachia region by 1.0 million tons for the full year," said Mr. Craft. "In our Oil & Gas Royalties segment, although lower oil prices have weighed on royalty revenue, strong volume performance during the 2025 Period is leading us to increase the midpoint of our 2025 BOE volume guidance by approximately 5%, demonstrating the high-quality of our acreage position and organic growth potential embedded in our existing portfolio." " Looking forward, the domestic thermal market continues to demonstrate strong fundamentals driven by data center expansion and increased domestic manufacturing. Given our success this year in securing a significant volume of committed tons for delivery over the next three to four years, we are cautiously optimistic that there will be opportunities to grow sales volumes next year. While the average coal sales price per ton may trend lower than this year, we expect the increased production along with our recently completed capital projects will drive costs per ton lower and should enabl