5 Best Coal Stocks to Buy Now

3. Alliance Resource Partners, L.P. (NASDAQ: ARLP)

Number of Hedge Fund Holders: 6
Market Cap: $742.819 million

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company that produces and markets coal primarily to utilities and industrial users in the United States. Alliance Resource Partners, LP (NASDAQ: ARPL) is officially the fifth-largest coal producer in the United States. As of 2020, the company had approximately 1.65 billion tons of proven and probable coal reserves in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma. The company’s performance in the first quarter of 2021 was beyond expectations making it one of the 10 best coal stocks to buy now. Adjusted net income for the 2021 quarter increased 102.5% to $24.7 million compared to $12.2 million for the same quarter in 2020. Its Board of Directors recently declared a cash distribution to unitholders of $0.10 per for the 2021 quarter, which is payable on May 14, 2021 to all unitholders of record. Overall, the total revenue in 2020 was $1.3 billion with a profit margin of 3.11%. With massive operations throughout the US, the company is on track to achieve its 2021 financial goals.

At the end of the fourth quarter of 2020, 6 hedge funds in the database of Insider Monkey held stakes worth $29 million in Arch Resources, Inc. (NYSE: ARCH) which is a slight decrease from 7 hedge funds the previous quarter holding stakes worth $7.1 million.