Alliance Resource Partners (ARLP) reported a decline in revenue and earnings for the third quarter of 2024, missing analyst estimates. The company's total revenue fell 3.6% year-over-year to $613.6 million, while net income attributable to ARLP dropped 43.8% to $86.3 million or $0.66 per unit.

The weaker financial performance was primarily driven by lower coal sales prices and reduced transportation revenues. ARLP cited pressures from lower export pricing realizations for its Appalachian coal operations, as well as shipping deferrals on some of its higher-priced domestic contracted commitments.

Although Q3 results fell short of expectations, ARLP noted that it is in active discussions with customers to add to future domestic sales commitments for 2025. If secured, these additional commitments could lift the company's 2025 domestic sales order book to levels closer to its historical contracted position.

Despite the quarterly setback, ARLP maintained its full-year 2024 guidance for sales volumes, coal sales prices, and expenses across its coal operations and royalties segments. The company remains optimistic about the underlying demand fundamentals, particularly in its served markets in the Midwest, Mid-Atlantic, and Southeast regions.