Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) posted its quarterly earnings results on Monday. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.28, Yahoo Finance reports. The business had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same period last year, the company earned $1.45 EPS.
Alliance Resource Partners Stock Performance
Shares of ARLP stock traded up $0.22 during mid-day trading on Tuesday, reaching $22.43. The stock had a trading volume of 532,293 shares, compared to its average volume of 460,763. Alliance Resource Partners has a 1-year low of $17.05 and a 1-year high of $24.30. 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 market cap of $2.87 billion, a price-to-earnings ratio of 4.66 and a beta of 1.14. The business's fifty day moving average is $20.13 and its 200-day moving average is $20.92.
Alliance Resource Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.48%. The ex-dividend date is Tuesday, May 7th. Alliance Resource Partners's dividend payout ratio is presently 58.21%.
Analyst Upgrades and Downgrades
ARLP has been the subject of a number of research analyst reports. StockNews.com lowered Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 6th. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday.
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About Alliance Resource Partners
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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.
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