Alliance Resource Partners (NASDAQ:ARLP) Posts Earnings Results, Beats Estimates By $0.23 EPS

Alliance Resource Partners (NASDAQ:ARLP) announced its quarterly earnings results on Monday. The energy company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.85 by $0.23, FiscalAI reports. The business had revenue of $603.01 million for the quarter, compared to analyst estimates of $585.83 million. Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%.

Alliance Resource Partners Stock Up 2.1%

NASDAQ ARLP traded up $0.56 during trading hours on Monday, hitting $26.70. The company had a trading volume of 72,515 shares, compared to its average volume of 351,374. The firm’s 50 day moving average is $25.71 and its 200 day moving average is $25.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.75 and a quick ratio of 1.32. Alliance Resource Partners has a fifty-two week low of $23.01 and a fifty-two week high of $29.45. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 13.03 and a beta of 0.34.

Insider Activity at Alliance Resource Partners

In related news, Director Ronna McDaniel bought 3,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $26.11 per share, with a total value of $78,330.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at approximately $78,330. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARLP shares. Weiss Ratings downgraded Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Zacks Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.