Alliance Res Partners Revises FY23 Capex Outlook to $390M — $440M From $400M - $460M
Portfolio Pulse from Benzinga Newsdesk
Alliance Resource Partners (ARLP) has revised its FY23 capital expenditure (Capex) outlook to $390M - $440M, down from the previous estimate of $400M - $460M.
July 31, 2023 | 11:06 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
ARLP has revised its FY23 Capex outlook downwards, which could indicate a potential decrease in future investments or cost savings.
A decrease in Capex outlook could mean that ARLP is expecting to save costs or reduce future investments. However, without further context, it's hard to determine whether this will have a positive or negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100