Alliance Resource Partners (NASDAQ:ARLP) Posts Earnings Results, Misses Expectations By $0.16 EPS

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

Alliance Resource Partners Stock Up 0.4 %

Alliance Resource Partners stock opened at $25.61 on Wednesday. Alliance Resource Partners has a one year low of $18.32 and a one year high of $26.21. 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 firm has a market capitalization of $3.28 billion, a P/E ratio of 7.28 and a beta of 1.13. The company has a 50-day simple moving average of $24.39 and a 200-day simple moving average of $23.89.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.93%. The ex-dividend date of this dividend is Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

Wall Street Analyst Weigh In

ARLP has been the topic of a number of recent analyst reports. Benchmark upped their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st.

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.