Alliance Resource Partners (NASDAQ:ARLP) Issues Earnings Results

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

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $24.80 on Thursday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 5.43 and a beta of 1.15. The firm’s 50-day moving average price is $24.50 and its 200-day moving average price is $22.12. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $26.21.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 11.29%. The ex-dividend date is Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 61.27%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Benchmark lifted their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday.

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.