Alliance Resource Partners (NASDAQ:ARLP) Posts Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) issued its quarterly earnings results on Monday. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16), Yahoo Finance reports. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. The firm had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. During the same period last year, the company posted $1.18 EPS.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock opened at $25.63 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The company has a 50-day simple moving average of $24.43 and a two-hundred day simple moving average of $23.90. Alliance Resource Partners has a one year low of $18.32 and a one year high of $26.21. The company has a market capitalization of $3.28 billion, a PE ratio of 7.28 and a beta of 1.13.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.92%. Alliance Resource Partners’s payout ratio is 79.55%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARLP shares. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Benchmark raised their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a 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.