Alliance Resource Partners
This is a leader in the thermal coal business and also offers solid diversity. Alliance Resource Partners L.P. (NASDAQ: ARLP), a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company produces a range of thermal and metallurgical coal with sulfur and heat contents.
It operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania and West Virginia. In addition, it leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. It buys and resells coal, as well as owns mineral and royalty interests in approximately 1.5 million gross acres of oil and gas producing regions primarily in the Permian, Anadarko and Williston Basins.
Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems and data and analytics software.
As of December 31, 2021, it had approximately 547.1 million tons of proven and probable coal mineral reserves, as well as 1.17 billion tons of measured, indicated and inferred coal mineral resources.
Holders of Alliance Resource Partners stock enjoy a 13.47% distribution. Noble Financial’s $32 target price is higher than the $29.33 consensus target and Tuesday’s close at $20.46.
USA Compression Partners
This company works with some of the biggest oil and natural gas producers. USA Compression Partners L.P. (NYSE: USAC) provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services and repairs its compression units, and it maintains related support inventory and equipment.
It also provides compression services in various shale plays, including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara, and Fayetteville shales.
As of December 31, 2022, the company had 3,716,854 horsepower in its fleet. It was founded in 1998 and is headquartered in Austin, Texas.
The distribution yield here is 9.66%. Note that Stifel has a Hold rating, and its $21 target price compares with a $20.75 consensus target and the most recent close at $21.74.
Energy Transfer
This top MLP is a very safe way for investors looking for energy exposure and income. Energy Transfer L.P. (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all the major domestic production basins.
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