Research Analysts Offer Predictions for ARLP FY2024 Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) - Research analysts at Noble Financial lowered their FY2024 earnings estimates for shares of Alliance Resource Partners in a report released on Tuesday, October 29th. Noble Financial analyst M. Reichman now anticipates that the energy company will post earnings per share of $3.20 for the year, down from their previous forecast of $3.55. The consensus estimate for Alliance Resource Partners' current full-year earnings is $3.56 per share. Noble Financial also issued estimates for Alliance Resource Partners' Q1 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.82 EPS and FY2025 earnings at $3.40 EPS.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. During the same quarter in the prior year, the business earned $1.18 earnings per share.

ARLP has been the subject of several other reports. StockNews.com downgraded Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 31st. Benchmark raised their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday.

Alliance Resource Partners Trading Up 0.1 %

Shares of NASDAQ:ARLP traded up $0.02 during mid-day trading on Wednesday, hitting $25.63. The company had a trading volume of 275,182 shares, compared to its average volume of 380,270. The company has a market capitalization of $3.28 billion, a PE ratio of 7.28 and a beta of 1.13. Alliance Resource Partners has a one year low of $18.32 and a one year high of $26.21. The firm has a fifty day moving average price of $24.39 and a 200 day moving average price of $23.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80.

Institutional Trading of Alliance Resource Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC purchased a new position in shares of Alliance Resource Partners in the second quarter worth about $27,000. Beacon Capital Management LLC increased its holdings in Alliance Resource Partners by 135.8% during the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company's stock worth $36,000 after acquiring an additional 842 shares during the period. Cove Street Capital LLC purchased a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $49,000. Mather Group LLC. bought a new position in Alliance Resource Partners in the 2nd quarter valued at $51,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Alliance Resource Partners in the first quarter worth $54,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Thursday, November 7th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

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.