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
Source: Fool.com
Alliance Resource Partners Stock
€3.96
27.150%
Alliance Resource Partners is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
Based on the current price of 3.96 € the target price of 25 € shows a potential of 531.31% for Alliance Resource Partners which would more than double the current price.
