Alliance Resource Partners (NASDAQ:ARLP) Issues 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 analysts’ consensus estimates of $0.93 by $0.28, Yahoo Finance reports. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same quarter in the previous year, the business earned $1.45 EPS.

Alliance Resource Partners Trading Up 5.0 %

Shares of ARLP opened at $22.21 on Tuesday. The business’s 50-day moving average price is $20.13 and its 200 day moving average price is $20.92. 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 has a 1-year low of $17.05 and a 1-year high of $24.30. The stock has a market capitalization of $2.84 billion, a P/E ratio of 4.62 and a beta of 1.14.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners’s payout ratio is 58.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th.

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.