Noble Financial Comments on Alliance Resource Partners, L.P.’s Q3 2024 Earnings (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Analysts at Noble Financial lowered their Q3 2024 earnings estimates for shares of Alliance Resource Partners in a report released on Wednesday, July 31st. Noble Financial analyst M. Reichman now forecasts that the energy company will post earnings per share of $0.82 for the quarter, down from their prior forecast of $0.95. The consensus estimate for Alliance Resource Partners’ current full-year earnings is $3.72 per share. Noble Financial also issued estimates for Alliance Resource Partners’ Q4 2024 earnings at $0.81 EPS, Q4 2025 earnings at $0.86 EPS and FY2025 earnings at $3.47 EPS.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.75%. The firm had revenue of $593.35 million during the quarter, compared to analyst estimates of $624.72 million. During the same quarter in the previous year, the business posted $1.30 EPS.

A number of other analysts also recently issued reports on ARLP. Benchmark increased their target price on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock opened at $23.87 on Thursday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 5.22 and a beta of 1.15. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $26.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. The stock’s 50-day moving average is $24.55 and its 200-day moving average is $22.15.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date is Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Institutional Investors Weigh In On Alliance Resource Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC acquired a new position in Alliance Resource Partners during the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC grew its position in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after acquiring an additional 842 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter valued at approximately $42,000. Cove Street Capital LLC acquired a new position in shares of Alliance Resource Partners during the second quarter worth $49,000. Finally, Mather Group LLC. purchased a new position in shares of Alliance Resource Partners in the second quarter valued at $51,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

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.