Alliance Resource Partners LP (ARLP) has reported a decline in its third-quarter earnings compared to the same period last year, falling short of Wall Street predictions. The company's net income for the quarter amounted to $86.28 million, or $0.66 per share, in contrast to $153.70 million, or $1.18 per share, in the preceding year. Analysts, according to data aggregated by Thomson Reuters, had projected earnings of $0.86 per share, typically excluding extraordinary items. Additionally, ARLP experienced a revenue drop of 3.6%, bringing in $613.57 million compared to $636.52 million last year.
Summary of Alliance Resource Partners LP Earnings (GAAP):
- Net Income for Q3: $86.28 million compared to $153.70 million in the previous year.
- Earnings Per Share (EPS) for Q3: $0.66 versus $1.18 last year.
- Revenue for Q3: $613.57 million against $636.52 million last year.
