Alliance Resource Partners (NASDAQ:ARLP) Releases Earnings Results, Misses Expectations By $0.16 EPS

Alliance Resource Partners (NASDAQ:ARLP) announced its earnings results on Monday. The energy company reported $0.77 EPS 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 business had revenue of $593.35 million for the quarter, compared to the consensus estimate of $624.72 million. During the same quarter last year, the firm posted $1.30 EPS.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $24.80 on Thursday. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $26.21. The firm has a market capitalization of $3.18 billion, a P/E ratio of 5.43 and a beta of 1.15. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $24.50 and a 200-day moving average price of $22.12.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.70 per share. 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 currently 61.27%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARLP. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Benchmark upped their target price on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research note 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.