2024-06-09 03:07:22 ET
Summary
- 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.
- In addition to thermal coal, the partnership has expanded its supplementary business segments to include a small Bitcoin mining operation, as of Q1 2024.
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Alliance Resource Partners: Good Value, Healthy Dividends, And Upside Potential