Alliance Resource Partners (NASDAQ:ARLP) Announces Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Alliance Resource Partners (NASDAQ:ARLP) released its earnings results on Monday. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.28, Yahoo Finance reports. The firm had revenue of $651.70 million during the quarter, compared to analyst estimates of $625.32 million. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 32.06%. During the same quarter in the previous year, the business earned $1.45 EPS.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $22.61 on Thursday. The company’s fifty day moving average is $20.20 and its two-hundred day moving average is $20.91. Alliance Resource Partners has a 52-week low of $17.05 and a 52-week high of $24.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 4.95 and a beta of 1.11.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Wall Street Analysts Forecast Growth

ARLP has been the topic of a number of recent analyst reports. StockNews.com raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Alliance Resource Partners 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.