Noble Financial Has Negative Outlook of ARLP FY2024 Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Analysts at Noble Financial dropped their FY2024 EPS estimates for Alliance Resource Partners in a research report issued to clients and investors on Tuesday, October 29th. Noble Financial analyst M. Reichman now forecasts that the energy company will post earnings per share of $3.20 for the year, down from their prior estimate of $3.55. 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’ Q1 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.82 EPS and FY2025 earnings at $3.40 EPS.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. The business had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. During the same period in the previous year, the business posted $1.18 earnings per share.

Several other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Benchmark increased their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday.

Alliance Resource Partners Trading Up 0.1 %

ARLP opened at $25.63 on Wednesday. The firm’s fifty day moving average is $24.43 and its two-hundred day moving average is $23.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The firm has a market cap of $3.28 billion, a PE ratio of 7.28 and a beta of 1.13. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $26.21.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.92%. Alliance Resource Partners’s payout ratio is 79.55%.

Institutional Investors Weigh In On Alliance Resource Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crescent Grove Advisors LLC raised its holdings in shares of Alliance Resource Partners by 15.5% during the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after acquiring an additional 28,016 shares during the period. Andina Capital Management LLC raised its holdings in shares of Alliance Resource Partners by 5.2% during the third quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock worth $379,000 after acquiring an additional 745 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Alliance Resource Partners by 3.8% during the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock worth $544,000 after acquiring an additional 797 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of Alliance Resource Partners by 2,400.0% during the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock worth $1,692,000 after acquiring an additional 64,968 shares during the period. Finally, Dakota Wealth Management acquired a new stake in shares of Alliance Resource Partners during the third quarter worth $251,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

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.