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. It produces a range of thermal and metallurgical coal with sulfur and heat contents. The company operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition, it leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana; and buys and resells coal, as well as owns mineral and royalty interests in approximately 1.5 million gross acres of oil and gas producing regions primarily in the Permian, Anadarko, and Williston Basins. Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems, and data and analytics software. As of December 31, 2021, it had approximately 547.1 million tons of proven and probable coal mineral reserves, as well as 1.17 billion tons of measured, indicated, and inferred coal mineral resources in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma.
Alliance Resource Partners Stock Performance
Shares of NASDAQ:ARLP traded up $0.23 during midday trading on Wednesday, hitting $23.33. 638,979 shares of the company's stock traded hands, compared to its average volume of 646,124. Alliance Resource Partners has a 1 year low of $7.42 and a 1 year high of $23.84. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.37. The firm has a fifty day moving average of $20.18 and a 200 day moving average of $17.57.
Alliance Resource Partners (NASDAQ:ARLP - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The energy company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.27. Alliance Resource Partners had a return on equity of 24.63% and a net margin of 15.64%. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts forecast that Alliance Resource Partners will post 4.44 earnings per share for the current year.
Alliance Resource Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 4th. This is an increase from Alliance Resource Partners's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.86%. Alliance Resource Partners's payout ratio is 68.09%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Alliance Resource Partners from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 21st.