Alliance Resource Partners, L.P. (ARLP) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Alliance Resource Partners, L.P. (NASDAQ:ARLP) posted its earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09, Morningstar.com reports. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $447.68 million. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. Alliance Resource Partners, L.P.’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 18.55 on Friday. Alliance Resource Partners, L.P. has a 12-month low of $18.05 and a 12-month high of $26.65.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 3rd. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a yield of 10.78%. Alliance Resource Partners, L.P.’s dividend payout ratio is 48.43%.

In other Alliance Resource Partners, L.P. news, Director John P. Neafsey bought 10,000 shares of the stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the purchase, the director now directly owns 51,604 shares in the company, valued at $1,008,858.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.03% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in Alliance Resource Partners, L.P. by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock valued at $194,000 after buying an additional 576 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Alliance Resource Partners, L.P. by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 9,284 shares of the energy company’s stock valued at $201,000 after buying an additional 120 shares during the last quarter. Intrust Bank NA acquired a new stake in Alliance Resource Partners, L.P. during the first quarter valued at $221,000. Private Advisor Group LLC purchased a new position in Alliance Resource Partners, L.P. during the first quarter valued at approximately $222,000. Finally, QS Investors LLC raised its position in Alliance Resource Partners, L.P. by 19.3% in the second quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock valued at $248,000 after buying an additional 2,117 shares in the last quarter. Hedge funds and other institutional investors own 28.35% of the company’s stock.

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Several research firms have weighed in on ARLP. FBR & Co reiterated an “outperform” rating and issued a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub lowered shares of Alliance Resource Partners, L.P. from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.93.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

Earnings History for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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