Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) issued its quarterly earnings data on Monday. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16), Yahoo Finance reports. The firm had revenue of $613.57 million during the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same quarter in the prior year, the firm posted $1.18 EPS.
Alliance Resource Partners Stock Performance
NASDAQ ARLP opened at $25.53 on Tuesday. The business’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.86. The company has a market capitalization of $3.27 billion, a PE ratio of 5.58 and a beta of 1.13. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $26.21.
Alliance Resource Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date is Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.
Analysts Set New Price Targets
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Alliance Resource Partners Company Profile
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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