Alliance Resource Partners (NASDAQ:ARLP) Issues Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) announced its earnings results on Monday. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16), Yahoo Finance reports. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. During the same quarter in the prior year, the business earned $1.18 earnings per share.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $25.53 on Tuesday. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $26.21. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 5.58 and a beta of 1.13. The company has a 50-day moving average price of $24.35 and a two-hundred day moving average price of $23.86. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 7th. This represents a $2.80 annualized dividend and a yield of 10.97%. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARLP. Benchmark upped their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st.

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.