Alliance Resource Partners, L.P. (NASDAQ:ARLP) to Post FY2024 Earnings of $3.66 Per Share, Noble Financial Forecasts

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Noble Financial reduced their FY2024 EPS estimates for shares of Alliance Resource Partners in a research report issued to clients and investors on Wednesday, July 31st. Noble Financial analyst M. Reichman now anticipates that the energy company will post earnings per share of $3.66 for the year, down from their previous estimate of $3.93. The consensus estimate for Alliance Resource Partners’ current full-year earnings is $3.59 per share. Noble Financial also issued estimates for Alliance Resource Partners’ Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $0.84 EPS and Q3 2025 earnings at $0.86 EPS.

ARLP has been the topic of several other research reports. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Benchmark increased their target price on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, July 30th.

Alliance Resource Partners Price Performance

ARLP stock opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 2.08. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $26.21. The firm’s fifty day moving average is $24.55 and its 200 day moving average is $22.15. The firm has a market cap of $3.06 billion, a P/E ratio of 5.22 and a beta of 1.15.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16). Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.75%. The company had revenue of $593.35 million for the quarter, compared to analysts’ expectations of $624.72 million. During the same quarter last year, the business posted $1.30 EPS.

Institutional Investors Weigh In On Alliance Resource Partners

A number of large investors have recently added to or reduced their stakes in ARLP. American Financial Group Inc. lifted its position in shares of Alliance Resource Partners by 2.0% in the 1st quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock worth $511,000 after purchasing an additional 500 shares during the period. BCS Wealth Management raised its holdings in Alliance Resource Partners by 3.0% in the second quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock worth $451,000 after buying an additional 536 shares during the last quarter. Andina Capital Management LLC raised its holdings in Alliance Resource Partners by 3.9% in the second quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock worth $353,000 after buying an additional 537 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after acquiring an additional 842 shares during the period. Finally, Texas Yale Capital Corp. grew its stake in shares of Alliance Resource Partners by 8.6% in the first quarter. Texas Yale Capital Corp. now owns 12,677 shares of the energy company’s stock worth $254,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 11.73%. The ex-dividend date of this dividend is Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

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.