ALLIANCE RESOURCE PARTNERS Reports Second Quarter FY2023 Earnings on July 31, 2023
August 25, 2023
🌥️Earnings Overview
ALLIANCE RESOURCE PARTNERS ($NASDAQ:ARLP) reported their earnings results for the second quarter of FY2023 (ending June 30 2023) on July 31 2023, showing a 4.1% year-on-year increase in total revenue to USD 641.8 million and a 5.1% rise in net income to USD 169.8 million when compared to the same period in the prior year.
Stock Price
Investors reacted positively to the report, as the stock opened at $19.4 and closed at $19.9, up 4.0% from the previous closing price of 19.2. This marked a strong start to the week for ALLIANCE RESOURCE PARTNERS, with investors looking forward to the release of the third quarter earnings in October. The company’s performance was also supported by cost-saving measures implemented throughout the quarter, as well as increased efficiency in its operations.
Management at ALLIANCE RESOURCE PARTNERS expressed confidence in the company’s future prospects, noting that its strategy of diversifying its portfolio and maintaining its focus on cost efficiencies will continue to drive growth for the business in the coming quarters. As a result, investors remain optimistic about the company’s future prospects, with many predicting that the stock will continue to climb in the weeks and months ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ARLP. More…
| Total Revenues | Net Income | Net Margin |
| 2.63k | 745.17 | 27.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ARLP. More…
| Operations | Investing | Financing |
| 1.06k | -517.61 | -364.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ARLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.79k | 1k | 13.85 |
Key Ratios Snapshot
Some of the financial key ratios for ARLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 104.8% | 30.3% |
| FCF Margin | ROE | ROA |
| 26.8% | 29.0% | 17.9% |
Analysis
GoodWhale has conducted an in-depth analysis of ALLIANCE RESOURCE PARTNERS’s wellbeing, and has determined that it is a medium risk investment. This risk rating is based on our evaluation of the company’s financial and business aspects. In particular, there are two risk warnings that we have detected in the income sheet and balance sheet of the company. If you’d like to take a closer look, be sure to register on goodwhale.com, where we’ll provide you with more detailed information. More…
Peers
All of these companies are striving to produce the highest quality coal possible while also maintaining a low cost of production. Although Alliance Resource Partners LP is the largest coal producer in the United States, it faces stiff competition from its competitors.
– NACCO Industries Inc ($NYSE:NC)
NACCO Industries, Inc. is a holding company that operates through its subsidiaries. The company’s businesses include mining, retail, and other. Its mining subsidiary is engaged in the mining of coal and other minerals. The retail subsidiary operates department stores, home improvement stores, and other retail businesses. The company’s other businesses include insurance, real estate, and investments.
– PT Prima Andalan Mandiri Tbk ($IDX:MCOL)
In 2022, PT Prima Andalan Mandiri Tbk had a market capitalization of 26.22 trillion rupiah and a return on equity of 69.24 percent. The company is engaged in the development, management, and operation of toll roads and related infrastructure in Indonesia.
– PT Borneo Olah Sarana Sukses Tbk ($IDX:BOSS)
PT Borneo Olah Sarana Sukses Tbk has a market capitalization of 84 billion as of 2022 and a return on equity of 64.91%. The company is engaged in the production and distribution of oil and gas.
Summary
ALLIANCE RESOURCE PARTNERS has reported its second quarter of FY2023 results and saw positive increases in both revenue and net income year-over-year. Total revenue was USD 641.8 million, up 4.1%, and net income was USD 169.8 million, up 5.1%. This is a positive sign for investors and the stock price reflected this news, as it increased on the same day as the announcement. Investors should watch the company’s performance closely, as further increases in revenue and net income could be indicative of strong long-term prospects for the company.
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