ALLIANCE RESOURCE PARTNERS LP
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
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11. Workers’ Compensation and Pneumoconiosis
The changes in the workers’ compensation liability, including current and long-term liability balances, for each of the periods presented were as follows:
| · · · · · · · | |||||
|---|---|---|---|---|---|
| · · Three Months Ended | |||||
| · · March 31, · | |||||
| | | 2026 | | 2025 | |
| · · (in thousands) · | |||||
| Beginning balance | | $49,378 | | $47,870 | |
| Changes in accruals | | 3,344 | | 3,376 | |
| Payments | | (3,940) | | (3,302) | |
| Interest accretion | | 538 | | 567 | |
| Ending balance | | $49,320 | | $48,511 | |
We limit our exposure to traumatic injury claims by purchasing a high deductible insurance policy that starts paying benefits after deductibles for a claim have been met. The deductible level may vary by claim year. Our workers’ compensation liability above is presented on a gross basis and does not include our expected receivables from our insurance policy. Our receivables for traumatic injury claims under this policy as of March 31, 2026 are $4.1 million and are included inOther long-term assets on our condensed consolidated balance sheet.
Certain of our mine operating entities are liable under state statutes and the Federal Coal Mine Health and Safety Act of 1969, as amended, to pay pneumoconiosis, or black lung, benefits to eligible employees and former employees and their dependents. Components of the net periodic benefit cost for each of the periods presented are as follows:
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three Months Ended · | |||||||
| · · March 31, · | |||||||
| · · 2026 · · 2025 | |||||||
| | | | | | | | |
| Service cost | | $720 | | $859 | |||
| Interest cost (1) | | 1,398 | | 1,672 | | ||
| Amortization of net actuarial loss (1) | | 116 | | 226 | | ||
| Other adjustments (1) (2) | | | (6,450) | | | — | |
| Net periodic benefit cost | | $(4,216) | | $2,757 | | ||
| (1) | Interest cost, amortization of net actuarial loss and other adjustments are included in the Other income line item within our condensed consolidated statements of income. |
| (2) | This line item includes an immaterial adjustment related to the correction of actuarial assumptions for terminated employees in the prior period. |
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