Alliance Resource Partners LP (ARLP) announced a decreased profit for the fourth quarter as compared to the same period last year, falling short of the market expectations.
The company's net income totaled $115.44 million, equating to $0.88 per share. This is a significant decrease from the $216.88 million or $1.63 per share posted in the fourth quarter of the preceding year.
Analysts had predicted that the company would report earnings of $1.14 per share on average, as revealed by data compiled by Thomson Reuters. It is crucial to note that analysts' estimates usually omit extraordinary items.
ARLP's revenue dwindled by 11.2% for the quarter, falling to $625.42 million from $704.21 million in the previous year.
Key highlights from the Alliance Resource Partners LP earnings report are as follows:
- Fourth Quarter Earnings: $115.44 Million, a significant dip from $216.88 Million the previous year.
- Earnings Per Share (Q4): $0.88, compared to $1.3 the previous year.
- Analyst Estimates: $1.14
- Fourth Quarter Revenue: $625.42 Million, down from $704.21 Million the previous year.
