NEW YORK (TheStreet) -- Shares of Alliance Resources Partners L.P. (ARLP) are higher by 5.04% to $50.10 in early afternoon trading on Monday after the company reported a 32.3% growth in net income to $137.7 million, or $1.37 per share for the 2014 second quarter, compared to $104.2 million for the year ago quarter.
The coal producer and marketer said revenue increased 8.1% to $598.6 million from $553.6 million, or 98 cents per share for the 2013 second quarter.
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"We rate ALLIANCE RESOURCE PTNRS -LP (ARLP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Separately, TheStreet Ratings team rates ALLIANCE RESOURCE PTNRS -LP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
ARLP data by YCharts
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