Alliance Resource Partners (NASDAQ:ARLP) Releases Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) issued its earnings results on Monday. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26), MarketWatch Earnings reports. The company had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a return on equity of 35.28% and a net margin of 24.50%. During the same period last year, the business posted $1.63 earnings per share.

Alliance Resource Partners Stock Performance

Shares of ARLP opened at $21.24 on Wednesday. Alliance Resource Partners has a 12-month low of $17.05 and a 12-month high of $24.30. The company has a current ratio of 2.14, a quick ratio of 1.65 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $20.92 and its 200-day simple moving average is $21.06. The firm has a market cap of $2.70 billion, a PE ratio of 4.42 and a beta of 1.18.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.18%. The ex-dividend date is Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 58.21%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARLP shares. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Benchmark restated a “buy” rating and issued a $28.00 target price on shares of Alliance Resource Partners in a research report on Monday, October 30th.

Read Our Latest Report on Alliance Resource Partners

Insider Transactions at Alliance Resource Partners

In related news, major shareholder Mowry Kathleen Craft sold 32,891 shares of Alliance Resource Partners stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $22.45, for a total value of $738,402.95. Following the sale, the insider now directly owns 16,548,097 shares in the company, valued at $371,504,777.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Mowry Kathleen Craft sold 32,891 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $22.45, for a total transaction of $738,402.95. Following the sale, the insider now owns 16,548,097 shares of the company’s stock, valued at approximately $371,504,777.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kathleen Mowry sold 38,837 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $21.50, for a total transaction of $834,995.50. Following the completion of the sale, the insider now directly owns 16,359,813 shares in the company, valued at approximately $351,735,979.50. The disclosure for this sale can be found here. Insiders have sold a total of 199,030 shares of company stock worth $4,272,028 over the last ninety days. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Money Concepts Capital Corp purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at $29,000. Allworth Financial LP purchased a new position in shares of Alliance Resource Partners in the 2nd quarter valued at $57,000. Tower Research Capital LLC TRC raised its stake in shares of Alliance Resource Partners by 107.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,152 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Alliance Resource Partners during the third quarter worth $98,000. Finally, Barclays PLC boosted its stake in shares of Alliance Resource Partners by 407.1% in the second quarter. Barclays PLC now owns 5,497 shares of the energy company’s stock valued at $102,000 after purchasing an additional 4,413 shares during the period. 19.58% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Company Profile

(Get Free Report)

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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Earnings History for Alliance Resource Partners (NASDAQ:ARLP)

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