12:19 PM EDT, 04/29/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Alliance Resource Partners ( ARLP ) shares rose 11% in recent Monday trading after the company reported Q1 earnings and revenue that topped estimates by analysts.

Q1 earnings fell to $1.21 per diluted limited partner unit from $1.45 a year earlier, the company said Monday.

Three analysts polled by Capital IQ expected $1.01.

Revenue in the quarter ended March 31 dropped to $651.7 million from $662.9 million a year earlier.

Three analysts surveyed by Capital IQ expected $629.6 million.

Price: 23.53, Change: +2.38, Percent Change: +11.23