|Bid||3.2800 x 800|
|Ask||3.2900 x 900|
|Day's Range||3.2600 - 3.3600|
|52 Week Range||2.7000 - 18.1000|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 24, 2020 - Jul. 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb. 06, 2020|
|1y Target Est||8.33|
The Fed thinks the economy will take more time to recover than Wall Street was expecting, which is bad news for this coal stock.
B.Riley FBR analyst Lucas Pipes reiterated a Hold rating on Alliance Resource (NASDAQ:ARLP) Partners L.P. on Monday, setting a price target of $7, which is approximately 108.33% above the present share price of $3.36.
Earlier this morning, Alliance Resource Partners released its first quarter 2020 earnings, and we'll now discuss these results as well as our perspective on market conditions. As economic and market conditions began to shift significantly during the 2020 quarter, ARLP's financial and operating results evolved as well.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported a net loss attributable to ARLP of $144.8 million, or $(1.14) per basic and diluted limited partner unit for the quarter ended March 31, 2020 (the "2020 Quarter"), which included non-cash impairment charges of $157.0 million. This compares to net income attributable to ARLP of $276.4 million, or $2.12 per basic and diluted limited partner unit for the quarter ended March 31, 2019 (the "2019 Quarter"), which included a non-cash net gain of $170.0 million related to the AllDale Acquisition. Excluding the impact of non-cash items (each described in more detail below), for the 2020 Quarter Adjusted net income attributable to ARLP and Adjusted EBITDA decreased to $12.2 million and $98.3 million, respectively, compared to $106.5 million and $188.8 million for the 2019 Quarter. (Unless otherwise noted, all references in this release to "net income" refer to "net income attributable to ARLP." For a definition of EBITDA, Adjusted net income attributable to ARLP, Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)
Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2020 financial results before the market opens on Friday, May 8, 2020. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) previously announced several actions it was taking in response to the rapidly evolving impact of the COVID-19 pandemic, including temporarily ceasing coal production at all of its Illinois Basin mines (see March 30, 2020 Press Release). At that time, the temporary idling was scheduled to last through April 15, 2020, subject to change based on the business needs of our customers. Based on available data and customer feedback as of today, ARLP has determined that anticipated coal supply requirements can be met currently from remaining inventory at its Illinois Basin mines, and has temporarily extended the previously announced cessation of coal production at those operations through April 26, 2020.
Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced a series of actions in response to the rapidly evolving impact of the COVID-19 pandemic. The unprecedented decision by world leaders to lockdown the global economy to combat the deadly virus has crushed demand for energy. The price war initiated by Saudi Arabia and Russia has lowered oil prices even more. All Americans are having to adjust to a way of life none of us could have imagined two months ago.
Arch Coal's (ARCH) Q4 loss is narrower than expected. The company is working on the development of a new mine, which is set to produce high-quality coking coal.
Alliance Resource Partners' (ARLP) Q3 earnings and revenues are adversely impacted by lower sales volumes, and decline in average sales price per ton.
NEW YORK, NY / ACCESSWIRE / October 28, 2019 / Alliance Resource Partners LP (NASDAQ: ARLP ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 28, 2019 ...