Cost PressuresIncreased operating expenses have put pressure on margins, highlighting the challenge of managing rising costs despite higher commodity prices.
Financial PerformanceARIS reported Q3/24 adjusted EPS of $0.08/sh, which was below both internal and consensus expectations, indicating weaker financial performance.
Production ChallengesDue to lower-than-expected production, the company decreased 2024 production guidance at Segovia, reflecting ongoing operational difficulties.