Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) announced its quarterly earnings data on Monday. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16), RTT News reports. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.75%. The firm had revenue of $593.35 million during the quarter, compared to analyst estimates of $624.72 million. During the same quarter in the previous year, the business posted $1.30 earnings per share.
Alliance Resource Partners Stock Up 1.4 %
ARLP stock opened at $24.80 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.18 billion, a P/E ratio of 5.43 and a beta of 1.15. The company’s 50-day moving average price is $24.50 and its 200 day moving average price is $22.12. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $26.21.
Alliance Resource Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 11.29%. The ex-dividend date of this dividend is Wednesday, August 7th. Alliance Resource Partners’s payout ratio is 61.27%.
Analysts Set New Price Targets
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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.
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