Alliance Resource Partners, L.P. Forecasted to Earn Q1 2024 Earnings of $0.97 Per Share (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities researchers at Noble Financial lowered their Q1 2024 earnings estimates for shares of Alliance Resource Partners in a report issued on Thursday, April 11th. Noble Financial analyst M. Reichman now anticipates that the energy company will post earnings of $0.97 per share for the quarter, down from their previous forecast of $0.98. The consensus estimate for Alliance Resource Partners’ current full-year earnings is $4.05 per share. Noble Financial also issued estimates for Alliance Resource Partners’ Q2 2024 earnings at $0.96 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $0.99 EPS and FY2024 earnings at $3.90 EPS.

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

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $21.06 on Monday. The firm’s 50-day moving average price is $19.83 and its 200-day moving average price is $21.02. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 4.38 and a beta of 1.14. Alliance Resource Partners has a 12-month low of $17.05 and a 12-month high of $24.30.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, January 29th. The energy company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.26). The business had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same quarter in the prior year, the company posted $1.63 earnings per share.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.30%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 58.21%.

Institutional Trading of Alliance Resource Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARLP. Raymond James & Associates raised its position in Alliance Resource Partners by 20.2% in the 1st quarter. Raymond James & Associates now owns 96,225 shares of the energy company’s stock worth $1,485,000 after purchasing an additional 16,170 shares during the period. HighTower Advisors LLC grew its stake in Alliance Resource Partners by 12.2% in the 1st quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock worth $218,000 after acquiring an additional 1,535 shares in the last quarter. Sei Investments Co. grew its stake in Alliance Resource Partners by 23.4% in the 1st quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock worth $2,738,000 after acquiring an additional 33,635 shares in the last quarter. Mariner LLC grew its stake in Alliance Resource Partners by 4.6% in the 1st quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock worth $342,000 after acquiring an additional 977 shares in the last quarter. Finally, ING Groep NV grew its stake in Alliance Resource Partners by 210.1% in the 1st quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock worth $4,737,000 after acquiring an additional 208,000 shares in the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

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.