Alliance Resource Partners (NASDAQ:ARLP) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Alliance Resource Partners (NASDAQ:ARLP) posted its earnings results on Monday. The energy company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.23, FiscalAI reports. The firm had revenue of $603.01 million during the quarter, compared to the consensus estimate of $585.83 million. Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%.

Alliance Resource Partners Price Performance

ARLP stock traded up $0.54 during midday trading on Monday, reaching $26.68. 57,138 shares of the company’s stock traded hands, compared to its average volume of 351,374. Alliance Resource Partners has a 1-year low of $23.01 and a 1-year high of $29.45. The company has a 50-day simple moving average of $25.71 and a two-hundred day simple moving average of $25.31. The company has a quick ratio of 1.32, a current ratio of 1.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 13.07 and a beta of 0.34.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings cut shares of Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Zacks Research cut Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, Director Ronna McDaniel acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $26.11 per share, for a total transaction of $78,330.00. Following the completion of the acquisition, the director directly owned 3,000 shares of the company’s stock, valued at approximately $78,330. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by insiders.

Alliance Resource Partners Company Profile

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.