Geological Issues Caused Alliance Resource Partners, L.P.'s Results to Fall Short

Geological Issues Caused Alliance Resource Partners, L.P.'s Results to Fall Short

Coal-producing master limited partnership (MLP) Alliance Resource Partners (NASDAQ: ARLP) encountered "adverse geological conditions" at its Hamilton mine during the third quarter, which caused results to come in below expectations. However, the company partially made up for that issue by selling coal out of its inventory and the mine is now back up to its planned production levels. Because of that, Alliance still expects to meet its full-year guidance.

Metric

Q3 2017

Continue reading

Source: Fool.com