Singular Research Predicts ARLP FY2024 Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Investment analysts at Singular Research issued their FY2024 earnings estimates for Alliance Resource Partners in a research report issued to clients and investors on Monday, December 2nd. Singular Research analyst D. Marsh expects that the energy company will post earnings per share of $3.18 for the year. Singular Research currently has a “Moderate Buy” rating on the stock. The consensus estimate for Alliance Resource Partners’ current full-year earnings is $3.19 per share. Singular Research also issued estimates for Alliance Resource Partners’ Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.52 EPS and FY2025 earnings at $2.68 EPS.

Several other equities research analysts have also recently issued reports on the stock. Benchmark lifted their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $27.27 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $29.44. The company has a market capitalization of $3.49 billion, a P/E ratio of 7.75 and a beta of 1.16. The firm’s 50 day simple moving average is $26.19 and its two-hundred day simple moving average is $24.80.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The firm had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same period in the prior year, the firm earned $1.18 EPS.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.27%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Insider Activity

In related news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.80% of the company’s stock.

Institutional Trading of Alliance Resource Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after purchasing an additional 391 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in Alliance Resource Partners by 0.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after purchasing an additional 400 shares in the last quarter. AlphaCore Capital LLC raised its holdings in Alliance Resource Partners by 3.0% in the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after purchasing an additional 503 shares in the last quarter. BCS Wealth Management raised its holdings in Alliance Resource Partners by 3.0% in the second quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock worth $451,000 after purchasing an additional 536 shares in the last quarter. Finally, Andina Capital Management LLC raised its holdings in Alliance Resource Partners by 3.9% in the second quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock worth $353,000 after purchasing an additional 537 shares in the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

About Alliance Resource Partners

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.