Alliance Resource Partners
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The last earnings update was 24 days ago. More info.
Add to Portfolio Compare Print
- Alliance Resource Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
ARLP Share Price and Events
7 Day Returns
1 Year Returns
ARLP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Alliance Resource Partners (ARLP) | 1% | 7.2% | 8.2% | 16.8% | 67.8% | -49.9% |
| US Oil and Gas | 3% | -0.3% | 8.2% | -1% | 7.2% | -24.7% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- ARLP outperformed the Oil and Gas industry which returned -1% over the past year.
- ARLP outperformed the Market in United States of America which returned 1.9% over the past year.
ARLP Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Alliance Resource Partners
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Alliance Resource Partners.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.919 (1 + (1- 21%) (26.96%)) |
1.077 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.08 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.077 * 5.96%) |
9.15% |
Discounted Cash Flow Calculation for NasdaqGS:ARLP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Alliance Resource Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.15%) |
|
|---|---|---|---|
| 2019 | 342.00 | Analyst x1 | 313.33 |
| 2020 | 413.00 | Analyst x1 | 346.66 |
| 2021 | 429.00 | Analyst x1 | 329.91 |
| 2022 | 416.23 | Est @ -2.98% | 293.26 |
| 2023 | 410.97 | Est @ -1.26% | 265.28 |
| 2024 | 410.70 | Est @ -0.07% | 242.88 |
| 2025 | 413.87 | Est @ 0.77% | 224.24 |
| 2026 | 419.50 | Est @ 1.36% | 208.24 |
| 2027 | 426.93 | Est @ 1.77% | 194.16 |
| 2028 | 435.72 | Est @ 2.06% | 181.55 |
| Present value of next 10 years cash flows | $2,599.50 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $435.72 × (1 + 2.73%) ÷ (9.15% – 2.73%) |
$6,972.77 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $6,972.77 ÷ (1 + 9.15%)10 |
$2,905.30 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,599.50 + $2,905.30 |
$5,504.81 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,504.81 / 128.39 |
$42.88 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.88 |
| Current discount | Discount to share price of
$20.61
= -1 x ($20.61 - $42.88) / $42.88 |
51.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Alliance Resource Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Alliance Resource Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Alliance Resource Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Alliance Resource Partners's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.74 |
| NasdaqGS:ARLP Share Price ** | NasdaqGS (2019-03-18) in USD | $20.61 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 106 Publicly-Listed Oil and Gas Companies | 12.35x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Alliance Resource Partners.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:ARLP Share Price ÷ EPS (both in USD) = 20.61 ÷ 2.74 |
7.52x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alliance Resource Partners is good value based on earnings compared to the US Oil and Gas industry average.
- Alliance Resource Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Alliance Resource Partners's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.52x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
-4.1%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.53x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.52x ÷ -4.1% |
-1.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alliance Resource Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Alliance Resource Partners's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $9.23 |
| NasdaqGS:ARLP Share Price * | NasdaqGS (2019-03-18) in USD | $20.61 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 193 Publicly-Listed Oil and Gas Companies | 1.15x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:ARLP Share Price ÷ Book Value per Share (both in USD) = 20.61 ÷ 9.23 |
2.23x |
* Primary Listing of Alliance Resource Partners.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alliance Resource Partners is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Alliance Resource Partners's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Alliance Resource Partners has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ARLP Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Alliance Resource Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Alliance Resource Partners's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Alliance Resource Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:ARLP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | -4.1% |
| NasdaqGS:ARLP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 2.1% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 11.3% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2,100 | 312 | 1 | |
| 2020-12-31 | 2,131 | 644 | 337 | 4 |
| 2019-12-31 | 2,161 | 787 | 383 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,003 | 694 | 358 |
| 2018-09-30 | 1,954 | 679 | 381 |
| 2018-06-30 | 1,910 | 635 | 369 |
| 2018-03-31 | 1,792 | 603 | 346 |
| 2017-12-31 | 1,796 | 556 | 276 |
| 2017-09-30 | 1,840 | 665 | 301 |
| 2017-06-30 | 1,939 | 786 | 308 |
| 2017-03-31 | 1,980 | 800 | 307 |
| 2016-12-31 | 1,931 | 704 | 252 |
| 2016-09-30 | 1,946 | 682 | 141 |
| 2016-06-30 | 1,961 | 590 | 119 |
| 2016-03-31 | 2,126 | 635 | 115 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Alliance Resource Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2.40 | 2.40 | 2.40 | 1.00 |
| 2020-12-31 | 2.61 | 2.78 | 2.41 | 4.00 |
| 2019-12-31 | 3.21 | 3.94 | 2.88 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.74 |
| 2018-09-30 | 2.91 |
| 2018-06-30 | 2.90 |
| 2018-03-31 | 3.06 |
| 2017-12-31 | 2.80 |
| 2017-09-30 | 3.56 |
| 2017-06-30 | 4.14 |
| 2017-03-31 | 4.13 |
| 2016-12-31 | 3.39 |
| 2016-09-30 | 1.90 |
| 2016-06-30 | 1.60 |
| 2016-03-31 | 1.55 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Alliance Resource Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Alliance Resource Partners's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Alliance Resource Partners has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ARLP Past Performance
How has Alliance Resource Partners performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Alliance Resource Partners's year on year earnings growth rate has been positive over the past 5 years.
- Alliance Resource Partners's 1-year earnings growth exceeds its 5-year average (29.6% vs 4%)
- Alliance Resource Partners's earnings growth has not exceeded the US Oil and Gas industry average in the past year (29.6% vs 60.7%).
Earnings and Revenue History
All data from Alliance Resource Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,002.86 | 358.29 | 73.31 | |
| 2018-09-30 | 1,954.25 | 381.01 | 63.42 | |
| 2018-06-30 | 1,909.68 | 368.52 | 64.46 | |
| 2018-03-31 | 1,792.26 | 345.57 | 62.38 | |
| 2017-12-31 | 1,796.22 | 276.37 | 65.07 | |
| 2017-09-30 | 1,840.39 | 300.75 | 71.14 | |
| 2017-06-30 | 1,939.27 | 308.24 | 68.61 | |
| 2017-03-31 | 1,979.70 | 307.43 | 71.32 | |
| 2016-12-31 | 1,931.45 | 251.82 | 74.70 | |
| 2016-09-30 | 1,946.21 | 141.26 | 68.16 | |
| 2016-06-30 | 1,960.58 | 119.15 | 68.00 | |
| 2016-03-31 | 2,126.15 | 114.67 | 67.88 | |
| 2015-12-31 | 2,273.73 | 156.37 | 67.48 | |
| 2015-09-30 | 2,322.37 | 257.49 | 70.69 | |
| 2015-06-30 | 2,325.26 | 295.55 | 69.73 | |
| 2015-03-31 | 2,319.10 | 340.47 | 71.96 | |
| 2014-12-31 | 2,300.72 | 353.33 | 72.55 | |
| 2014-09-30 | 2,276.63 | 334.26 | 71.16 | |
| 2014-06-30 | 2,244.54 | 306.31 | 69.06 | |
| 2014-03-31 | 2,199.54 | 277.53 | 65.89 | |
| 2013-12-31 | 2,205.56 | 268.43 | 63.70 | |
| 2013-09-30 | 2,188.27 | 268.91 | 61.53 | |
| 2013-06-30 | 2,162.48 | 246.37 | 60.24 | |
| 2013-03-31 | 2,138.77 | 241.27 | 59.69 | |
| 2012-12-31 | 2,034.30 | 225.72 | 58.74 | |
| 2012-09-30 | 1,959.50 | 227.94 | 57.58 | |
| 2012-06-30 | 1,935.81 | 274.59 | 57.25 | |
| 2012-03-31 | 1,863.89 | 282.09 | 54.20 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Alliance Resource Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Alliance Resource Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Alliance Resource Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Alliance Resource Partners's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Alliance Resource Partners has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ARLP Health
How is Alliance Resource Partners's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Alliance Resource Partners's finances.
The net worth of a company is the difference between its assets and liabilities.
- Alliance Resource Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Alliance Resource Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Alliance Resource Partners Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,187.69 | 713.32 | 244.15 |
| 2018-09-30 | 1,250.27 | 452.79 | 38.36 |
| 2018-06-30 | 1,255.43 | 520.67 | 51.23 |
| 2018-03-31 | 1,240.97 | 506.29 | 28.76 |
| 2017-12-31 | 1,151.49 | 574.04 | 6.76 |
| 2017-09-30 | 1,155.52 | 578.03 | 18.39 |
| 2017-06-30 | 1,159.57 | 560.95 | 39.46 |
| 2017-03-31 | 1,146.37 | 624.52 | 87.36 |
| 2016-12-31 | 1,093.42 | 662.06 | 39.78 |
| 2016-09-30 | 1,025.73 | 773.52 | 21.37 |
| 2016-06-30 | 984.22 | 957.62 | 50.37 |
| 2016-03-31 | 950.69 | 980.22 | 29.99 |
| 2015-12-31 | 989.36 | 917.42 | 33.43 |
| 2015-09-30 | 1,051.23 | 968.98 | 35.94 |
| 2015-06-30 | 1,051.76 | 873.01 | 43.28 |
| 2015-03-31 | 1,038.43 | 861.59 | 26.40 |
| 2014-12-31 | 1,015.05 | 838.18 | 24.60 |
| 2014-09-30 | 994.50 | 774.81 | 14.83 |
| 2014-06-30 | 952.16 | 799.44 | 19.44 |
| 2014-03-31 | 890.16 | 851.07 | 14.40 |
| 2013-12-31 | 851.24 | 886.42 | 93.65 |
| 2013-09-30 | 791.55 | 786.73 | 18.87 |
| 2013-06-30 | 774.38 | 797.03 | 8.79 |
| 2013-03-31 | 738.63 | 805.33 | 28.68 |
| 2012-12-31 | 705.45 | 810.61 | 28.28 |
| 2012-09-30 | 676.25 | 730.88 | 2.06 |
| 2012-06-30 | 679.36 | 729.15 | 11.36 |
| 2012-03-31 | 644.70 | 707.00 | 188.96 |
- Alliance Resource Partners's level of debt (60.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (104% vs 60.1% today).
- Debt is well covered by operating cash flow (97.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
Financial health checks
We assess Alliance Resource Partners's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Alliance Resource Partners has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ARLP Dividends
What is Alliance Resource Partners's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Alliance Resource Partners
shares you are expected to receive
$206
in your first year as a dividend.
Dividend Amount
- Alliance Resource Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Alliance Resource Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 64 Stocks | 3.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.23 | 1.00 |
| 2020-12-31 | 2.20 | 3.00 |
| 2019-12-31 | 2.15 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-28 | 2.120 | 10.876 |
| 2018-10-26 | 2.100 | 11.104 |
| 2018-08-06 | 2.080 | 10.370 |
| 2018-07-30 | 2.080 | 10.409 |
| 2018-04-27 | 2.060 | 11.088 |
| 2018-01-26 | 2.040 | 11.504 |
| 2017-04-28 | 1.750 | 8.868 |
| 2017-01-27 | 1.750 | 7.772 |
| 2016-01-26 | 2.700 | 15.904 |
| 2015-11-06 | 2.700 | 18.600 |
| 2015-10-27 | 2.700 | 12.729 |
| 2015-07-28 | 2.700 | 11.338 |
| 2015-04-28 | 2.650 | 9.636 |
| 2015-01-28 | 2.600 | 7.314 |
| 2014-10-27 | 2.550 | 5.861 |
| 2014-07-28 | 2.500 | 5.392 |
| 2014-05-09 | 2.445 | 5.338 |
| 2014-04-28 | 2.445 | 5.264 |
| 2014-01-28 | 2.395 | 5.745 |
| 2013-10-28 | 2.350 | 6.229 |
| 2013-07-26 | 2.305 | 6.066 |
| 2013-04-26 | 2.260 | 6.238 |
| 2013-01-29 | 2.215 | 6.955 |
| 2012-10-26 | 2.170 | 7.339 |
| 2012-07-27 | 2.125 | 6.805 |
| 2012-04-30 | 2.050 | 7.065 |
| 2012-01-27 | 1.980 | 5.951 |
| 2011-10-28 | 1.910 | 5.101 |
| 2011-07-27 | 1.845 | 5.269 |
| 2011-04-26 | 1.780 | 4.818 |
| 2011-01-28 | 1.720 | 4.503 |
| 2010-11-08 | 1.660 | 5.154 |
| 2010-10-27 | 1.660 | 5.580 |
| 2010-07-26 | 1.620 | 5.770 |
| 2010-04-26 | 1.580 | 6.851 |
| 2010-01-27 | 1.550 | 7.260 |
| 2009-10-28 | 1.520 | 7.471 |
| 2009-07-28 | 1.490 | 8.345 |
| 2009-04-27 | 1.460 | 8.313 |
| 2009-03-19 | 1.430 | 9.315 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Alliance Resource Partners's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.3x coverage).
- Dividends after 3 years are not well covered by earnings (1x coverage).
Income/ dividend checks
We assess Alliance Resource Partners's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Alliance Resource Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Alliance Resource Partners has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ARLP Management
CEO
| COMPENSATION | $468,258 |
| AGE | 67 |
| TENURE AS CEO | 19.6 years |
CEO Bio
Mr. Joseph W. Craft, III, also known as Joe has the been the President and Chief Executive Officer of Alliance Resource Management GP LLC, Managing General Partner of Alliance Resource Partners LP since August 1999. Mr. Craft has been Chairman of General Partner’s Board of Alliance Holdings GP LP since January 1, 2019. He serves as President and Chief Executive Officer of Alliance Coal, LLC, a subsidiary of Alliance Resource Partners LP and Alliance Resource Holdings, Inc. He serves as the President of Permac Inc., Martiki Coal Corp., White County Coal, LLC and Webster County Coal, Llc. He serves as President of Warrior Coal, LLC. Mr. Craft served as President of MAPCO Coal Inc. since 1986 and served as its Senior Vice President, General Counsel and Chief Financial Officer. Mr. Craft also served as Chairman, President and CEO of the general partner of Alliance Holdings GP, L.P. ("AHGP") since its inception (AHGP was a publicly traded master limited partnership from 2006 until completion of ARLP's simplification transactions in 2018). Before joining MAPCO, he served as an Attorney of Falcon Coal Corporation and Diamond Shamrock Coal Corporation. Mr. Craft has been Chairman of Alliance GP LLC since November 2005. He has been a Director of Alliance Resource Management GP LLC, Managing General Partner of Alliance Resource Partners LP since August 1999. Mr. Craft has been an active supporter of the coal and energy industries throughout his career, and is a Board member of the National Coal Council, a Board Member of the National Mining Association, and a Director and past Chairman of American Coalition for Clean Coal Electricity since November 2015. He has been a Director at BOK Financial Corporation since 2007. He served as Chairman of the National Coal Council. He served as a Director of the Center for Energy and Economic Development and the National Mining Association. He served as a Member of the Board of Trustees of the University of Tulsa. He is a graduate of the Senior Executive Program of the Alfred P. Sloan School of Management at Massachusetts Institute of Technology. Mr. Craft holds a Bachelor of Science degree in Accounting and a Juris Doctor degree from the University of Kentucky.
CEO Compensation
- Joe's compensation has increased by more than 20% in the past year.
- Joe's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Alliance Resource Partners management team in years:
- The average tenure for the Alliance Resource Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Joe Craft
Chairman
$468K
67
19.6 yrs
Brian Cantrell
Senior VP & CFO of Alliance Resource Management GP
$1M
58
15.4 yrs
Tom Wynne
Senior VP & COO of Alliance Resource Management GP
$2M
61
10 yrs
R. Davis
Senior VP
$2M
60
12.1 yrs
Charlie Wesley
Executive VP & Director of Alliance Resource Management GP
$25K
63
10 yrs
Timothy Whelan
Senior Vice President - Sales & Marketing of Alliance Coal
$1M
55
Bob Fouch
VP, Controller & Chief Accounting Officer of Alliance Resource Management GP
60
0.1 yrs
Cary Marshall
VP of Corporate Finance & Treasurer
Heath Lovell
Vice President of Public Affairs - Alliance Resource Management GP LLC
1.8 yrs
Robert Sachse
Executive Vice President of Alliance Resource Management GP
$1M
69
18.6 yrs
Board of Directors Tenure
Average tenure and age of the Alliance Resource Partners board of directors in years:
- The tenure for the Alliance Resource Partners board of directors is about average.
Board of Directors
Joe Craft
Chairman
$468K
67
0.2 yrs
Charlie Wesley
Executive VP & Director of Alliance Resource Management GP
$25K
63
10.2 yrs
John Robinson
Director of Alliance Resource Management GP
$190K
67
19.3 yrs
Wilson Torrence
Director of Alliance Resource Management GP
$179K
76
12.2 yrs
Bob Druten
Director of Alliance Holdings GP LP
70
0.2 yrs
Nick Carter
Director of Alliance Resource Management GP
$180K
72
3.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Aug 18 | Buy | Nick Carter | Individual | 08. Aug 18 | 08. Aug 18 | 2,219 | $19.85 | $44,047 | ||
Management checks
We assess Alliance Resource Partners's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Alliance Resource Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ARLP News
Simply Wall St News
Can Alliance Resource Partners LP (NASDAQ:ARLP) Save Your Portfolio?
High quality companies, such as Alliance Resource Partners LP, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Check out our latest analysis for Alliance Resource Partners. … Alliance Resource Partners, L.P.
Simply Wall St - – Full articleShould You Expect Alliance Resource Partners LP (NASDAQ:ARLP) To Continue Delivering An ROE Of 28.62%?
and want a simplistic look at the return on Alliance Resource Partners LP (NASDAQ:ARLP) stock. … With an ROE of 28.62%, Alliance Resource Partners LP (NASDAQ:ARLP) outpaced its own industry which delivered a less exciting 11.31% over the past year. … If ARLP borrows debt to invest in its business, its profits will be higher.
Simply Wall St - – Full articleA Holistic Look At Alliance Resource Partners LP (NASDAQ:ARLP)
In the case of Alliance Resource Partners LP (NASDAQ:ARLP), there's. … that has been able to sustain great financial health over the past … In the following section, I expand a bit more on these key aspects
Simply Wall St - – Full articleBest Energy Dividend Stocks In NasdaqGS
(NASDAQ:ARLP) ARLP has a sumptuous dividend yield of 11.35% and their current payout ratio is 66.25% , with analysts expecting this ratio in three years to be 113.35%. … NYSE:RES Historical Dividend Yield May 22nd 18 Buckeye Partners, L.P. … (NYSE:BPL) BPL has a sumptuous dividend yield of 13.36% and the company has a payout ratio of 157.98%.
Simply Wall St - – Full articleShould You Expect Alliance Resource Partners LP. (NASDAQ:ARLP) To Continue Delivering An ROE Of 26.42%?
View our latest analysis for Alliance Resource Partners What you must know about ROE Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Alliance Resource Partners’s equity capital deployed. … Alliance Resource Partners exhibits a strong ROE against its peers, as well as sufficient returns to cover its cost of equity.
Simply Wall St - – Full articleDoes Alliance Resource Partners LP.'s (NASDAQ:ARLP) 9.75% Earnings Growth Reflect The Long-Term Trend?
Today I will run you through a basic sense check to gain perspective on how Alliance Resource Partners is doing by comparing its latest earnings with its long-term trend as well as the performance of its oil and gas industry peers. … See our latest analysis for Alliance Resource Partners How ARLP fared against its long-term earnings performance and its industry I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these figures may be somewhat short-term thinking, I have determined an annualized five-year value for ARLP's earnings, which stands at US$260.72M This shows that, on average, Alliance Resource Partners has been able to increasingly grow its bottom line over the past few years as well.
Simply Wall St - – Full articleAlliance Resource Partners LP (NASDAQ:ARLP): What You Have To Know Before Buying For The Upcoming Dividend
Important news for shareholders and potential investors in Alliance Resource Partners LP (NASDAQ:ARLP): The dividend payment of $0.51 per share will be distributed into shareholder on 14 February 2018, and the stock will begin trading ex-dividend at an earlier date, 06 February 2018. … Check out our latest analysis for Alliance Resource Partners 5 checks you should do on a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it the top 25% annual dividend yield payer? … Next Steps: With these dividend metrics in mind, I definitely rank Alliance Resource Partners as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.
Simply Wall St - – Full articleIs Alliance Resource Partners LP (NASDAQ:ARLP) A Good Dividend Stock?
Check out our latest analysis for Alliance Resource Partners Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … NasdaqGS:ARLP Historical Dividend Yield Jan 29th 18 Does Alliance Resource Partners pass our checks? … Relative to peers, Alliance Resource Partners generates a yield of 8.07%, which is high for Oil and Gas stocks.Next Steps: With this in mind, I definitely rank Alliance Resource Partners as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.
Simply Wall St - – Full articleEnergy Dividend Stocks Investors Love
NasdaqGS:ARLP Historical Dividend Yield Dec 27th 17 Genesis Energy, L.P. … NYSE:GEL Historical Dividend Yield Dec 27th 17 NuStar Energy L.P. … NuStar Energy could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months NYSE:NS Historical Dividend Yield Dec 27th 17 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
Simply Wall St - – Full articleIs Alliance Resource Partners LP's (ARLP) Balance Sheet A Threat To Its Future?
In the case of ARLP, the debt-to-equity ratio is 50.02%, which indicates that its debt can cause trouble for the company in a downturn but it is still at a manageable level. … Does ARLP’s liquid assets cover its short-term commitments? … ARLP’s high cash coverage means that, although its debt levels are high, investors shouldn’t panic since the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articleARLP Company Info
Description
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. It also leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana; and buys and resells coal, as well as owns interests in various oil and gas mineral interests located within producing basins in the continental United States. In addition, the company offers various industrial and mining technology products and services, such as miner and equipment tracking systems, and proximity detection systems. As of December 31, 2018, it had approximately 1.70 billion tons of proven and probable coal reserves in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. Alliance Resource Management GP, LLC serves as the general partner of the company. The company was founded in 1971 and is based in Tulsa, Oklahoma.
Details
| Name: | Alliance Resource Partners, L.P. |
| ARLP | |
| Exchange: | NasdaqGS |
| Founded: | 1971 |
| $2,646,142,446 | |
| 128,391,191 | |
| Website: | http://www.arlp.com |
| Address: |
Alliance Resource Partners, L.P. 1717 South Boulder Avenue, Suite 400, Tulsa, Oklahoma, 74119, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | ARLP | Common Units | Nasdaq Global Select | US | USD | 17. Aug 1999 | |
| DB | AR6 | Common Units | Deutsche Boerse AG | DE | EUR | 17. Aug 1999 |
Number of employees
Current staff
Industry
| Coal and Consumable Fuels | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:32 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/11 |
| Last earnings filing: | 2019/02/22 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
