Wall Street offers investors a multitude of pathways to grow their wealth. Among these countless strategies, few have delivered more robust long-term returns than buying and holding dividend stocks.Last year, researchers at Hartford Funds released a lengthy report that examined the power and potential that dividend stocks bring to the table for long-term-minded investors. In particular, a collaboration with Ned Davis Research revealed a stark disparity in average annual returns between non-payers and compan ...

Schroptschop Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a master limited partnership operating primarily in the coal space. It has seven underground coal mining complexes, which position ARLP as the largest coal producer in the eastern U.S. There is also a component of mineral and royalty interests in strategic oil & gas basins as well as some cash flows from energy infrastructure joint ventures, but in the grand scheme of things all of this plays an immaterial role in ARLP's business. The overal ...

TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP's legal activities. "Mr. Schnitzer is well-known to ARLP and several members of our management team," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Steven was involved in 1996 in the leverage ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________TO_____________ COMMISSION FILE NO.: 0-26823 ALLIANCE RESOURCE PARTNERS, L.P. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 7 ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Alliance Resource Partners, L.P. (ARLP) is a diversified natural resource company. The Zacks Consensus Estimate for its current year earnings has been revised 4.1% downward over the last 60 days.Extreme Networks, Inc. (EXTR) is a software-driven networking company. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 60 days.Levi Strauss & Co. (LEVI) is a clothing and accessories comp ...

Alliance Resource Partners, L.P. (ARLP) reported fourth-quarter 2023 operating earnings per unit (EPU) of 88 cents, which missed the Zacks Consensus Estimate of $1.14 by 22.8%. The bottom line also declined 46% from the year-ago quarter’s $1.63.The firm reported full-year 2023 EPU of $4.81, up 9.6% from the previous year’s figure of $4.39.RevenuesTotal revenues were $625.4 million, which missed the Zacks Consensus Estimate of $673 million by 7.1%. The top line also decreased 11.2% from $704.2 million report ...

Financial Data and Key Metrics Changes - Full-year revenues for 2023 were $2.6 billion, an increase from $2.4 billion in 2022. Net income rose to $630.1 million from $586.2 million, with earnings per unit increasing nearly 10% from $4.39 in 2022 to $4.81 in 2023 [7] - Total revenues for Q4 2023 were $625.4 million, down from $704.2 million in Q4 2022, primarily due to lower coal prices, oil and gas prices, and reduced coal sales volumes in Appalachia [7][12] - Net income for Q4 2023 was $115.4 million, a decrease of 46.8% compared to Q4 2022, reflecting lower coal sales volumes and realized prices, higher production expenses, and lower realized prices in oil and gas royalties [12] Business Line Data and Key Metrics Changes - Total coal sales price per ton was $60.60 for Q4 2023, a decrease of 10.7% year-over-year, driven by softer demand in both domestic and international markets [8] - Total coal production for Q4 2023 was 7.9 million tons, down 6.6% compared to Q4 2022, while coal sales volumes decreased 7.5% to 8.6 million tons [8] - Illinois Basin coal sales volumes increased by 2.1% year-over-year, while coal sales volumes in Appalachia decreased by 27.4% year-over-year [9] Market Data and Key Metrics Changes - The royalty segment generated total revenues of $53 million in Q4 2023, down 1.9% year-over-year, reflecting lower realized oil and gas commodity pricing [10] - Oil and gas royalty volumes increased 13.1% on a BOE basis to a new record, while coal royalty tons sold declined 5.4% year-over-year [10] Company Strategy and Development Direction - The company expects 2024 to be a solid year with over 90% of coal sales volumes committed and priced at attractive levels similar to 2023 [15] - Strategic investments in infrastructure projects at Tunnel Ridge, Hamilton, Warrior, and River View are expected to yield benefits starting in 2025, with capital expenditures returning to normalized levels thereafter [25] - The company is committed to growing its oil and gas royalties business, having acquired $111 million in additional oil and gas minerals, primarily in the Permian Basin [26] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing market expectations for nationwide energy demand, particularly driven by data centers and industrial growth [21][22] - The company believes that coal will continue to play a critical role in providing reliable, affordable base-load energy, especially in light of recent weather-related power grid challenges [23][24] - Management expressed confidence in the long-term demand for coal, citing the extension of operating life for coal plants due to increasing electricity demand [24] Other Important Information - The company generated free cash flow of $421.6 million for the full year 2023 and reduced total debt outstanding by $22.9 million [13] - Total liquidity at year-end was $492.1 million, including $59.8 million in cash [14] Q&A Session Summary Question: Distribution coverage ratio and outlook - Management acknowledged the coverage ratio of 1.8 times for the full year but noted a dip to 1.3 times in Q4, indicating a focus on maintaining the distribution level [31][32] Question: Breakdown of committed tons and pricing - Management provided insights on the pricing structure for 2024, indicating that domestic contracts have escalators and some are fixed, while export volumes may tie to indices [34][35] Question: Margin compression in Appalachia - Management confirmed that margin compression was primarily due to production shortfalls and higher external coal purchases, with expectations for improved performance in 2024 [55][56] Question: Labor outlook and hiring needs - Management reported improvements in labor retention and availability, with plans to increase staffing at certain mines as production ramps up [66][67] Question: Inventory levels and management - Management aims to maintain inventory levels around one million tons per month, with fluctuations based on export market timing [70] Question: LNG export terminal permits and demand for coal - Management clarified that while new permits may be paused, existing LNG terminals under construction will continue to meet demand, with no anticipated interruption in LNG supply [72]

Core Insights - Alliance Resource Partners, L.P. reported record revenues and net income for the full year 2023, driven by higher coal sales prices and revenues, despite challenges in the market [2][5]. Financial Performance - Total revenues for the full year 2023 reached $2.6 billion, an increase of $146.7 million compared to 2022, primarily due to an 8.6% rise in coal sales prices [2]. - Net income for the full year 2023 was $630.1 million, or $4.81 per unit, reflecting a 7.5% increase from $586.2 million, or $4.39 per unit, in 2022 [2]. - In the 2023 Quarter, total revenues decreased to $625.4 million from $704.2 million in the 2022 Quarter, attributed to lower coal and oil & gas prices and reduced coal sales volumes [3]. - Net income for the 2023 Quarter was $115.4 million, or $0.88 per unit, down from $216.9 million, or $1.63 per unit, in the 2022 Quarter [3]. Operational Highlights - Coal sales prices in the 2023 Quarter averaged $60.60 per ton, a decline of 10.7% compared to the 2022 Quarter [9]. - Coal sales volumes in the Illinois Basin increased by 2.1% year-over-year, while Appalachia saw a 27.4% decrease due to geological challenges and operational issues [9][10]. - The company ended the 2023 Quarter with total coal inventory of 1.3 million tons, an increase of 0.8 million tons compared to the end of the 2022 Quarter [9]. Segment Analysis - The Oil & Gas Royalties segment saw a decrease in Segment Adjusted EBITDA to $31.0 million in the 2023 Quarter, despite a 13.1% increase in volumes sold [11]. - The Coal Royalties segment's Segment Adjusted EBITDA increased to $10.2 million in the 2023 Quarter, driven by higher average royalty rates per ton [12]. Balance Sheet and Liquidity - As of December 31, 2023, total debt was $348.1 million, with a reduction of $22.9 million during the 2023 Quarter [13]. - The company reported total liquidity of $492.1 million, including $59.8 million in cash and cash equivalents [14]. Future Outlook - The company anticipates strong coal sales in 2024, with over 90% of sales volumes already committed and priced [17]. - Major infrastructure projects are expected to be completed in 2024, which will enhance productivity and reduce capital expenditures in subsequent years [17]. - The company forecasts a rise in domestic natural gas prices in 2025, benefiting both coal and royalties segments [17].

Core Viewpoint - Alliance Resource Partners, L.P. announced a cash distribution of $0.70 per unit for the quarter ended December 31, 2023, consistent with previous distributions [1] Group 1: Financial Announcements - The cash distribution is payable on February 14, 2024, to unitholders of record as of February 7, 2024 [1] - The annualized rate of the distribution is $2.80 per unit, matching the distributions for the same quarter in the previous year and the prior quarter [1] Group 2: Upcoming Financial Reporting - Alliance Resource Partners will report financial results for the 2023 Quarter before the market opens on January 29, 2024 [1] - A conference call to discuss these results will take place at 10:00 a.m. Eastern on the same day [1] Group 3: Tax Information for Non-U.S. Investors - Distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate plus an additional 10% [3] - Brokers and nominees are responsible for withholding on distributions received on behalf of non-U.S. investors [3] Group 4: Company Overview - Alliance Resource Partners is the largest coal producer in the eastern United States, supplying energy to major utilities and industrial users [4] - The company also generates income from mineral interests in coal and oil & gas producing regions [4] - ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities in energy and related infrastructure [4]

Core Viewpoint - Alliance Resource Partners, L.P. (ARLP) is expected to report fourth-quarter 2023 earnings on January 29, with a prior negative earnings surprise of 11.9% in the last quarter [1] Factors to Note - Operating expenses per ton sold in Appalachia are anticipated to rise by 8-10% in Q4 2023 due to ongoing developments at Mettiki and a scheduled longwall move at Tunnel Ridge, likely impacting margins [2] - Earnings may benefit from multi-year contracts with blue-chip utility companies [2] - Lower realized oil and gas commodity prices in Q4 are expected to offset increases in coal royalty revenue per ton, similar to the previous quarter [2] Expectations - The Zacks Consensus Estimate for Q4 revenues is $672.5 million, reflecting a year-over-year decline of 4%, while earnings per unit are estimated at $1.14, indicating a 30% decrease year-over-year [3] Quantitative Model Predictions - The model does not predict an earnings beat for ARLP, with an Earnings ESP of -10.13% and a Zacks Rank of 4 (Sell) [4] Stocks to Consider - Plains All American Pipeline (PAA) is expected to report an earnings beat with an Earnings ESP of +6.12% and a Zacks Rank of 3, with a consensus estimate of 37 cents per unit [5] - Energy Transfer (ET) is likely to report an earnings beat with an Earnings ESP of +15.39% and a Zacks Rank of 2, with earnings estimated at 29 cents per unit and sales at $23.6 billion, a 15% year-over-year increase [6] - ONEOK Inc. (OKE) is also expected to report an earnings beat with an Earnings ESP of +20.78% and a Zacks Rank of 3, with earnings estimated at $1.16 per share and sales at $5.5 billion, a 10.3% year-over-year increase [6]