Research Analysts Offer Predictions for ARLP FY2024 Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Investment analysts at Noble Financial lowered their FY2024 earnings per share (EPS) estimates for Alliance Resource Partners in a research report issued to clients and investors on Thursday, October 17th. Noble Financial analyst M. Reichman now anticipates that the energy company will earn $3.55 per share for the year, down from their prior estimate of $3.56. The consensus estimate for Alliance Resource Partners’ current full-year earnings is $3.56 per share. Noble Financial also issued estimates for Alliance Resource Partners’ Q4 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.85 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $3.43 EPS.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million during the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same period in the prior year, the business posted $1.30 EPS.

A number of other research analysts have also weighed in on the stock. Benchmark raised their price target on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Alliance Resource Partners Stock Up 0.5 %

Shares of NASDAQ ARLP opened at $25.10 on Monday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 5.49 and a beta of 1.13. The company’s 50-day simple moving average is $24.12 and its 200-day simple moving average is $23.65. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $26.21.

Hedge Funds Weigh In On Alliance Resource Partners

Several hedge funds and other institutional investors have recently modified their holdings of ARLP. Goldman Sachs Group Inc. raised its holdings in Alliance Resource Partners by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock valued at $18,192,000 after acquiring an additional 7,870 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Alliance Resource Partners by 37.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 22,010 shares of the energy company’s stock valued at $466,000 after purchasing an additional 5,943 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Alliance Resource Partners by 36.5% during the first quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company’s stock worth $1,070,000 after buying an additional 14,255 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Alliance Resource Partners by 18.4% during the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock worth $403,000 after buying an additional 3,131 shares during the last quarter. Finally, Magnolia Group LLC boosted its stake in Alliance Resource Partners by 7.1% during the first quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company’s stock worth $69,050,000 after buying an additional 229,700 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date of this dividend was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

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.