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

Alliance Resource Partners (NASDAQ:ARLP) posted its quarterly earnings data on Monday. The energy company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. During the same period in the prior year, the firm posted $1.45 EPS.

Alliance Resource Partners Price Performance

Shares of ARLP stock traded up $0.26 during trading hours on Thursday, hitting $22.87. 117,054 shares of the company’s stock were exchanged, compared to its average volume of 459,670. The company has a market capitalization of $2.93 billion, a PE ratio of 4.95 and a beta of 1.11. Alliance Resource Partners has a 12-month low of $17.05 and a 12-month high of $24.30. The business’s 50 day simple moving average is $20.27 and its 200-day simple moving average is $20.93. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.24%. The ex-dividend date is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Wall Street Analyst Weigh In

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