Noble Financial Issues Negative Forecast for ARLP Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Analysts at Noble Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Alliance Resource Partners in a note issued to investors on Tuesday, October 29th. Noble Financial analyst M. Reichman now expects that the energy company will post earnings of $0.61 per share for the quarter, down from their prior estimate of $0.80. 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 2025 earnings at $0.86 EPS.

ARLP has been the topic of a number of other reports. Benchmark raised their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Alliance Resource Partners Trading Up 0.1 %

NASDAQ:ARLP opened at $25.63 on Thursday. The company has a market cap of $3.28 billion, a PE ratio of 7.28 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. The company has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $23.90. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $26.21.

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

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors and hedge funds have recently bought and sold shares of ARLP. Atlanta Consulting Group Advisors LLC purchased a new stake in Alliance Resource Partners in the first quarter worth about $23,567,000. Oppenheimer & Co. Inc. purchased a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $6,595,000. Magnolia Group LLC raised its stake in Alliance Resource Partners by 7.1% during the 1st quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company’s stock worth $69,050,000 after acquiring an additional 229,700 shares during the period. Prevail Innovative Wealth Advisors LLC purchased a new position in Alliance Resource Partners during the first quarter valued at approximately $3,566,000. Finally, Progeny 3 Inc. boosted its position in shares of Alliance Resource Partners by 5.1% in the first quarter. Progeny 3 Inc. now owns 2,732,061 shares of the energy company’s stock worth $54,778,000 after purchasing an additional 132,630 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Announces Dividend

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

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.