Alliance Resource Partners — Jul 28, 2025 release

The Board’s decision to adjust the distribution reflects a proactive step to strengthen our balance sheet and increase financial flexibility to capitalize on opportunities to grow our businesses over the long-term." ​ ​ Page 6 ​ ARLP is providing the following updated guidance for the full year ending December 31, 2025 (the "2025 Full Year"): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 Full Year Guidance ​ ​ ​ ​ ​ ​ Coal Operations ​ ​ ​ ​ ​ Volumes (Million Short Tons) ​ ​ ​ ​ ​ Illinois Basin Sales Tons ​ ​ ​ ​ 25.00 — 25.75 Appalachia Sales Tons ​ ​ ​ ​ 7.75 — 8.25 Total Sales Tons ​ ​ ​ ​ 32.75 — 34.00 ​ ​ ​ ​ ​ ​ Committed & Priced Sales Tons ​ ​ ​ ​ ​ 2025 — Domestic / Export / Total ​ ​ ​ ​ 29.5 / 2.8 / 32.3 2026 — Domestic / Export / Total (1) ​ ​ ​ ​ 25.3 / 1.3 / 26.6 ​ ​ ​ ​ ​ ​ Coal Sales Price Per Ton Sold (2) ​ ​ ​ ​ ​ Illinois Basin ​ ​ ​ ​ $50.00 — $53.00 Appalachia ​ ​ ​ ​ $79.00 — $83.00 Total ​ ​ ​ ​ $57.00 — $61.00 ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA Expense Per Ton Sold (3) ​ ​ ​ ​ ​ Illinois Basin ​ ​ ​ ​ $34.00 — $37.00 Appalachia ​ ​ ​ ​ $58.00 — $62.00 Total ​ ​ ​ ​ $39.00 — $43.00 ​ ​ ​ ​ ​ ​ Royalties ​ ​ ​ ​ ​ Oil & Gas Royalties ​ ​ ​ ​ ​ Oil (000 Barrels) ​ ​ ​ ​ 1,650 — 1,750 Natural gas (000 MCF) ​ ​ ​ ​ 6,300 — 6,700 Liquids (000 Barrels) ​ ​ ​ ​ 825 — 875 Segment Adjusted EBITDA Expense (% of Oil & Gas Royalties Revenue) ​ ​ ​ ​ ~ 14.0% ​ ​ ​ ​ ​ ​ Coal Royalties ​ ​ ​ ​ ​ Royalty tons sold (Million Short Tons) ​ ​ ​ ​ 23.75 — 25.25 Revenue per royalty ton sold ​ ​ ​ ​ $3.20 — $3.40 Segment Adjusted EBITDA Expense per royalty ton sold ​ ​ ​ ​ $1.20 — $1.30 ​ ​ ​ ​ ​ ​ Consolidated (Millions) ​ ​ ​ ​ ​ Depreciation, depletion and amortization ​ ​ ​ ​ $280 — $300 General and administrative ​ ​ ​ ​ $80 — $85 Net interest expense ​ ​ ​ ​ $38 — $42 Income tax expense ​ ​ ​ ​ $20 — $22 Total capital expenditures ​ ​ ​ ​ $285 — $320 Growth capital expenditures ​ ​ ​ ​ $5 — $10 Maintenance capital expenditures ​ ​ ​ ​ $280 — $310 (1) 2026 Committed & Priced Sales Tons includes 0.9 million option tons at our customers’ election. (2) Sales price per ton is defined as total coal sales revenue divided by total tons sold. (3) 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. ​ Conference Call A conference call regarding ARLP’s 2025 Quarter financial results and updated 2025 guidance is scheduled for today at 10:00 a.m. Eastern. To participate in the conference call, dial (877) 407-0784 Page 7 ​ and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP’s website at www.arlp.com. An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access cod