Alliance Res Partners Expects FY24 Sales Volumes In Coal Operations Of 34.0M — 35.8M Short Tons
Portfolio Pulse from Benzinga Newsdesk
Alliance Resource Partners, L.P. (ARLP) anticipates strong coal sales volumes for FY24, ranging between 34.0M and 35.8M short tons. CEO Mr. Craft expects another record year of revenues, citing over 90% of coal sales volumes already committed and priced at levels similar to 2023. The company has secured premium pricing through multi-year contracts with domestic customers, reflecting the high value placed on their coal quality and reliability.
January 29, 2024 | 12:07 pm
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Alliance Resource Partners expects FY24 coal sales volumes to be strong, with most already committed at favorable pricing, indicating potential for revenue growth and operational stability.
The positive outlook for FY24 sales volumes and the high percentage of coal sales already committed suggest a stable and potentially growing revenue stream for ARLP. The mention of premium pricing and overcoming past geological issues adds to the positive sentiment, likely leading to a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100