Alliance Resource Partners, LP (ARLP)

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Why is Alliance Resource Partners, LP (ARLP) Stock down?

We've noticed a 6.42% decline in Alliance Resource Partners, LP (ARLP) stock during the 2024-02-06 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

29 Jan, 2024:

Alliance Resource Partners, LP (ARLP) stock dropped by 5.51% due to the release of its fourth-quarter profit results, which showed a decrease compared to the same period in the previous year.

Lower profit: The company reported a bottom-line figure of $115.44 million, equivalent to $0.88 per share, in contrast to the prior year's fourth quarter performance of $216.88 million, or $1.63 per share. Notably, these results fell short of analysts' expectations, with the consensus estimate being $1.14 per share, according to Thomson Reuters data.
Revenue Decrease: In addition to the profit decline, Alliance Resource Partners LP also reported an 11.2% decrease in revenue for the quarter, which amounted to $625.42 million compared to $704.21 million in the same period the previous year. The company's disappointing financial results likely contributed to the decline in its stock value.