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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Alliance Resource Partners LP's average basic shares outstanding for the quarter that ended in Jun. 2026 was 129 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Alliance Resource Partners LP Shares Outstanding (Basic Average) Related Terms
Alliance Resource Partners LP Shares Outstanding (Basic Average) Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 129 Mil mean?
Alliance Resource Partners LP (ARLP) has a Shares Outstanding (Basic Average) of 129 Mil as of Jun. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Alliance Resource Partners LP and its competitors.
Is Alliance Resource Partners LP's Shares Outstanding (Basic Average) too high?
Alliance Resource Partners LP's current Shares Outstanding (Basic Average) is 129 Mil. Overall, Alliance Resource Partners LP has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alliance Resource Partners LP's Shares Outstanding (Basic Average) compare to BTU and CNR?
Alliance Resource Partners LP's Shares Outstanding (Basic Average) of 129 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Other Energy Sources company?
A good Shares Outstanding (Basic Average) depends on the Other Energy Sources industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Alliance Resource Partners LP and its competitors. Alliance Resource Partners LP's current Shares Outstanding (Basic Average) is 129 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Resource Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Alliance Resource Partners LP (ARLP) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.58, compared to a current price of $25.91 — trading 14.7% above its estimated fair value. The current Shares Outstanding (Basic Average) is 129 Mil. Alliance Resource Partners LP's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Alliance Resource Partners LP (ARLP), the current Shares Outstanding (Basic Average) is 129 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alliance Resource Partners LP (ARLP) Overvalued in 2026?
Based on GuruFocus' analysis, Alliance Resource Partners LP stock appears to be overvalued.
The current stock price of $25.91 is trading 14.7% above its estimated GF Value™ of $22.58.
GuruFocus considers Alliance Resource Partners LP to be Modestly Overvalued.
Key valuation signals for ARLP:
Shares Outstanding (Basic Average): 129 Mil
GF Value™: $22.58 vs. price of $25.91 (14.7% above fair value)
No single metric tells the full story. See the ARLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments: Illinois Basin, Appalachia, Oil & Gas Royalties, and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex, and the MC Mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II, and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties have included coal mineral reserves and resources owned or leased by Alliance Resource Properties.
84GF Score
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