Alliance Resource Partners, L.P. (NASDAQ:ARLP) to Post Q1 2024 Earnings of $0.97 Per Share, Noble Financial Forecasts

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) - Research analysts at Noble Financial lowered their Q1 2024 earnings per share estimates for shares of Alliance Resource Partners in a research note issued to investors on Thursday, April 11th. Noble Financial analyst M. Reichman now anticipates that the energy company will post earnings per share of $0.97 for the quarter, down from their previous estimate 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 lowered Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 6th.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded down $0.18 during midday trading on Monday, hitting $20.88. The company had a trading volume of 317,466 shares, compared to its average volume of 457,302. The company has a market capitalization of $2.67 billion, a PE ratio of 4.34 and a beta of 1.14. 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 firm has a 50-day moving average price of $19.82 and a 200-day moving average price of $21.00. Alliance Resource Partners has a twelve month low of $17.05 and a twelve month high of $24.30.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.26). The company had revenue of $625.42 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.63 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Alliance Resource Partners by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 108,022 shares of the energy company's stock worth $2,195,000 after purchasing an additional 600 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Alliance Resource Partners by 9.0% in the second quarter. Royal Bank of Canada now owns 8,254 shares of the energy company's stock worth $152,000 after purchasing an additional 683 shares during the last quarter. Creative Planning raised its stake in shares of Alliance Resource Partners by 1.7% in the fourth quarter. Creative Planning now owns 42,264 shares of the energy company's stock worth $895,000 after purchasing an additional 708 shares during the last quarter. Mariner LLC grew its holdings in shares of Alliance Resource Partners by 4.6% in the first quarter. Mariner LLC now owns 22,149 shares of the energy company's stock valued at $342,000 after acquiring an additional 977 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Alliance Resource Partners by 2.6% in the third quarter. Commonwealth Equity Services LLC now owns 39,564 shares of the energy company's stock valued at $891,000 after acquiring an additional 1,004 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners's dividend payout ratio is 58.21%.

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.