Alliance Resource Partners (NASDAQ:ARLP) Announces Quarterly Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) issued its earnings results on Monday. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.28, Yahoo Finance reports. Alliance Resource Partners had a return on equity of 32.06% and a net margin of 23.36%. 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 Stock Performance

ARLP opened at $22.43 on Wednesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 4.91 and a beta of 1.14. The stock’s 50 day moving average price is $20.13 and its two-hundred day moving average price is $20.92. The company has a quick ratio of 1.71, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. Alliance Resource Partners has a 12-month low of $17.05 and a 12-month high of $24.30.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.48%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is 61.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ARLP shares. StockNews.com raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price 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.