Alpha Metallurgical Resources Discloses Preliminary Sales Volumes And Realizations For Q3 & Lowered FY23 Metallurgical Coal Shipment Guidance To 14.8M-15.2M Tons From 15.0M-16.0M Tons
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical Resources has disclosed its preliminary sales volumes and realizations for Q3. The company has also lowered its FY23 metallurgical coal shipment guidance to 14.8M-15.2M tons from 15.0M-16.0M tons.
October 12, 2023 | 11:34 am
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Alpha Metallurgical Resources has lowered its FY23 metallurgical coal shipment guidance, which may negatively impact investor sentiment.
The company's decision to lower its FY23 metallurgical coal shipment guidance indicates potential challenges in its operations or market conditions. This could lead to a negative reaction from the market, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100