Why Alliance Resource Partners' Earnings Growth Isn't Good News
The coal industry is in big trouble, but you might not know it by looking at coal miner Alliance Resource Partners' (NASDAQ: ARLP) 2019 earnings, which were released on Jan. 27. Its marquee number -- net income for the fiscal year -- was up 8.9% over the prior year. Other annual earnings numbers were similarly positive.
The quarterly numbers, on the other hand, weren't anywhere near as impressive. And there was another major piece of bad news for investors that prompted a sell-off. Here's what you need to know.
The coal industry, once the top source for electricity in the U.S., has fallen on hard times. Image source: Getty Images.
Source Fool.com