Here's How Alliance Resource Partners, L.P. Crushed It in 2017
Owning coal miner Alliance Resource Partners, L.P. (NASDAQ: ARLP) has not been easy this year. There's a combination of factors for that, including continued pressure on the U.S. thermal coal industry and a unit price that has fallen around 20%. But underneath that, Alliance has continued to show why it's one of the best coal miners in the business. In fact, in some ways, it's been crushing it for unitholders in 2017.
Alliance primarily sells thermal coal mined out of the Illinois Basin coal region. That basin, located in what the U.S. Energy Information Administration (EIA) calls the interior region, is expected to see its share of the coal market increase from 20% to 26% by 2040. Even in a worst-case scenario, production is expected to remain stable over that span while other regions see continued declines.
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Source: Fool.com
Alliance Resource Partners Stock
Alliance Resource Partners is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
Based on the current price of 3.96 € the target price of 25 € shows a potential of 531.31% for Alliance Resource Partners which would more than double the current price.
