ALLIANCE RESOURCE PARTNERS Reports Second Quarter FY2023 Earnings Results on July 31 2023

🌥️Earnings Overview

On July 31 2023, ALLIANCE RESOURCE PARTNERS ($NASDAQ:ARLP) released its earnings results for the second quarter of FY2023, which concluded on June 30, 2023. Total revenue for the quarter was USD 641.8 million, representing an increase of 4.1% from the same period in the previous year. Net income rose by 5.1% year over year, amounting to USD 169.8 million.

Stock Price

The stock opened at $19.4 and closed at $19.9, up 4.0% from the previous day’s closing price of $19.2. ALLIANCE RESOURCE PARTNERS’ balance sheet showed significant improvements as well. Overall, the second quarter FY2023 results demonstrate ALLIANCE RESOURCE PARTNERS’ strong financial performance and have been well-received by investors, as evidenced by the stock’s strong performance on Monday. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for ARLP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for ARLP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for ARLP. More…

Key Ratios Snapshot

Some of the financial key ratios for ARLP are shown below. More…

Analysis

At GoodWhale, we analyzed ALLIANCE RESOURCE PARTNERS’s fundamentals and concluded that it is strong in dividend, growth, and medium in asset and profitability. Through our Star Chart assessment, we classified ALLIANCE RESOURCE PARTNERS as a ‘cheetah’, a type of company we believe has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors who are looking for short-term gains or those who are willing to take on more risk for a potential reward. Furthermore, ALLIANCE RESOURCE PARTNERS has a high health score of 10/10, indicating its ability to pay off debt and fund future operations. This puts the company in a strong position to move forward with its business objectives. 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 reported strong earnings for the second quarter of FY2023, with total revenue up 4.1% and net income up 5.1% year over year. Investors responded positively to the news, with the stock price increasing on the day of the announcement. Analysts are generally optimistic about the company’s future prospects, citing their strategic investments in the energy sector and their commitment to reducing costs. With improved fundamentals and a favorable market outlook, Alliance Resource Partners looks to be a strong investment choice for investors looking to capitalize on the energy sector.