Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of PVR Partners (NYSE:PVR) fell as much as 13% today after releasing earnings.

So what: Fourth-quarter revenue fell 6.3% to $269.6 million, below the $280 million estimate from analysts. Loss per share was $0.30, a surprise since analysts were expecting earnings of $0.17 per share.  

Now what: The only good news is that the distribution was increased to $0.55 per share, which is what most investors will look at. The bad news is that earnings haven't kept up with the distribution, bringing payouts for the future into question. I don't think the future is strong for coal demand or prices, so there will continue to be pressure on earnings, which means I'm not a buyer today.

Interested in more info on PVR Partners? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium has no position in any stocks mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw

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