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

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

Alliance Resource Partners Price Performance

Shares of ARLP opened at $22.61 on Thursday. Alliance Resource Partners has a 1-year low of $17.05 and a 1-year high of $24.30. The stock has a market cap of $2.90 billion, a PE ratio of 4.95 and a beta of 1.11. The firm has a 50-day simple moving average of $20.27 and a two-hundred day simple moving average of $20.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.38%. The ex-dividend date is Tuesday, May 7th. Alliance Resource Partners’s payout ratio is currently 61.27%.

Analysts Set New Price Targets

Several research firms recently issued reports on ARLP. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday. StockNews.com upgraded shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

About Alliance Resource Partners

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.