Alliance Resource Partners (NASDAQ:ARLP) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Alliance Resource Partners (NASDAQ:ARLP) issued its quarterly earnings data on Monday. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate 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 firm 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 business posted $1.45 EPS.

Alliance Resource Partners Price Performance

Shares of ARLP opened at $22.43 on Wednesday. Alliance Resource Partners has a twelve month low of $17.05 and a twelve month high of $24.30. The firm’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $20.92. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 4.91 and a beta of 1.14. 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 Announces Dividend

The company 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 $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.48%. Alliance Resource Partners’s payout ratio is 61.27%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Alliance Resource Partners 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.