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Alliance Resource (ARLP) to Post Q3 Earnings: What's in Store?

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Alliance Resource Partners, L.P. (ARLP - Free Report) is scheduled to release third-quarter 2023 earnings on Oct 27, before market open. The firm delivered a positive earnings surprise of 2.4% in the last reported quarter.

Let’s see how things have shaped up before the upcoming earnings announcement.

Factors to Note

Alliance Resource Partners’ strategically located low-cost coal assets, coal loading terminal on the Ohio River and diverse range of thermal and metallurgical coal production allow it to cater to customers globally, boosting its earnings.  

Contributions from its wholly-owned subsidiary Matrix and expansion of operations in new markets are likely to have boosted its performance in the third quarter.

Expectations

The Zacks Consensus Estimate for third-quarter revenues and earnings per unit is pegged at $667.5 million and $1.34, respectively. The top and bottom lines indicate a year-over-year increase of 6.2% and 7.2%, respectively, from the year-ago quarter.

What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Alliance Resource Partners this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.

 


Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, ARLP carries a Zacks Rank #3.

Stocks to Consider

Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.

Murphy USA (MUSA - Free Report) is likely to come up with an earnings beat when it reports third-quarter 2023 results on Nov 1 after market close. It has an Earnings ESP of +0.57% and a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank stocks here.

EOG Resources (EOG - Free Report) is likely to come up with an earnings beat when it reports third-quarter 2023 results on Nov 3 before market open. It has an Earnings ESP of +2.95% and a Zacks Rank #2 at present.

Devon Energy (DVN - Free Report) is likely to come up with an earnings beat when it reports third-quarter 2023 results on Nov 7 after market close. It has an Earnings ESP of +2.35% and a Zacks Rank #2 at present.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


 

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