Alliance Resource Partners Updates 2024 Guidance: Now Expects Sales Volumes In Coal Operations Of 33.50M-34.50M Short Tons (prior 34.0M-35.8M Short Tons)
Portfolio Pulse from Benzinga Newsdesk
Alliance Resource Partners has updated its 2024 guidance for coal sales volumes, now expecting 33.50M-34.50M short tons, down from the prior 34.0M-35.8M short tons. The adjustment is due to declining net back pricing for high sulfur Illinois Basin coal, leading to a slowdown in production for the latter half of the year.
July 29, 2024 | 11:08 am
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Alliance Resource Partners has revised its 2024 coal sales guidance to 33.50M-34.50M short tons, down from the previous 34.0M-35.8M short tons. This adjustment is due to declining net back pricing for high sulfur Illinois Basin coal, leading to a production slowdown in the latter half of the year.
The downward revision in sales guidance indicates potential revenue shortfalls and operational challenges due to declining net back pricing for high sulfur Illinois Basin coal. This is likely to negatively impact ARLP's stock price in the short term.
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