Alliance Resource Partners (NASDAQ:ARLP) Announces Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) announced its quarterly earnings data on Monday. The energy company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16), RTT News reports. The business had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a return on equity of 27.75% and a net margin of 21.04%. During the same quarter in the previous year, the business posted $1.30 earnings per share.

Alliance Resource Partners Price Performance

NASDAQ:ARLP traded up $0.21 during trading hours on Wednesday, reaching $24.66. The company had a trading volume of 155,450 shares, compared to its average volume of 432,228. The stock has a 50-day moving average of $24.47 and a two-hundred day moving average of $22.10. Alliance Resource Partners has a one year low of $18.32 and a one year high of $26.21. The firm has a market capitalization of $3.16 billion, a PE ratio of 5.35 and a beta of 1.15. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.35%. Alliance Resource Partners’s payout ratio is 61.27%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARLP. Benchmark lifted their price target on Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.