ARLP shares down after reporting below-consensus Q4 earnings and revenue, due to lower coal prices and decreased sales volumes. FY24 guidance predicts steady production and potential benefits from strategic investments in infrastructure.
By Mary de Wet Alliance Resource Partners expects closures of coal-fired power plants in the eastern U.S. will be delayed amid projections of higher energy.
Alliance Resource Q4 per-ton prices for coal sales fell from previous year (NASDAQ:ARLP) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.