Alliance Resource Partners, L.P. (NASDAQ:ARLP) Forecasted to Earn FY2024 Earnings of $3.66 Per Share

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities researchers at Noble Financial lowered their FY2024 earnings per share estimates for Alliance Resource Partners in a research report issued on Wednesday, July 31st. Noble Financial analyst M. Reichman now anticipates that the energy company will post earnings of $3.66 per share for the year, down from their prior estimate of $3.93. 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’ Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $0.84 EPS and Q3 2025 earnings at $0.86 EPS.

Several other analysts have also issued reports on the stock. Benchmark boosted their price target on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Alliance Resource Partners Price Performance

ARLP opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 2.08. The firm has a market cap of $3.17 billion, a P/E ratio of 5.42 and a beta of 1.15. The firm has a 50-day moving average of $24.53 and a 200 day moving average of $22.14. Alliance Resource Partners has a fifty-two week low of $18.32 and a fifty-two week high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last posted 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). The business had revenue of $593.35 million during the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a return on equity of 27.75% and a net margin of 21.04%. During the same quarter in the prior year, the company earned $1.30 EPS.

Institutional Investors Weigh In On Alliance Resource Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of ARLP. Continuum Advisory LLC bought a new stake in shares of Alliance Resource Partners in the second quarter worth $27,000. Beacon Capital Management LLC lifted its position in shares of 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 Alliance Resource Partners during the 4th quarter valued at approximately $42,000. Cove Street Capital LLC purchased a new position in Alliance Resource Partners during the second quarter valued at $49,000. Finally, Mather Group LLC. bought a new stake in shares of Alliance Resource Partners in the second quarter worth about $51,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.31%. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

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.