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 Down 2.0 %
NASDAQ:ARLP traded down $0.47 during trading hours on Friday, reaching $22.80. 9,808 shares of the company's stock were exchanged, compared to its average volume of 579,948. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.37. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 9.79 and a beta of 1.43. The company's 50-day moving average is $20.05 and its two-hundred day moving average is $17.37. Alliance Resource Partners has a one year low of $7.42 and a one year high of $23.50.
Alliance Resource Partners (NASDAQ:ARLP - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The energy company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.27. Alliance Resource Partners had a net margin of 15.64% and a return on equity of 24.63%. During the same quarter last year, the business earned $0.34 EPS. On average, analysts forecast that Alliance Resource Partners will post 4.44 EPS for the current fiscal year.
Alliance Resource Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be given a dividend of $0.40 per share. This is a boost from Alliance Resource Partners's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Thursday, August 4th. Alliance Resource Partners's dividend payout ratio is currently 68.09%.
Wall Street Analysts Forecast Growth
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.