ARLP Stock Recent News

Alliance Resource Partners, L.P. Common Units (NASDAQ:ARLP ) Q2 2024 Earnings Conference Call July 29, 2024 10:00 AM ET Company Participants Cary Marshall - SVP and CFO Joe Craft - Chairman, President, and CEO Conference Call Participants Nathan Martin - Benchmark Company Mark Reichman - Noble Capital Markets Dave Storms - Stonegate Capital Markets David Marsh - Singular Research Abraham Landa - Bank of America Mike Edwards - Boston Hill Advisors Operator Greetings, and welcome to the Alliance Resource Partners, L.P.

TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP's general partner ("Board of Directors") approved a cash distribution to its unitholders for the quarter ended June 30, 2024 (the "2024 Quarter"). ARLP unitholders of record as of the close of trading on August 7, 2024 will receive a cash distribution for the 2024 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on August 14, 2024. The annou.

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ARLP, BGS and ATUS have been added to the Zacks Rank #5 (Strong Sell) List on July 3, 2024.

Alliance Resource Partners (ARLP) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Alliance Resource Partners is a diversified natural resource company that generates over a 14% free cash flow yield, pays a healthy dividend, and trades at a P/E of roughly 6x. Environmental, Social, and Governance restraints may be the reason that the opportunity exists, since ARLP's primary product is thermal coal. Guidance for 2024 is similar to last year, when the company paid out $2.80/share in dividends.

After reaching an important support level, Alliance Resource Partners, L.P. (ARLP) could be a good stock pick from a technical perspective.