Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) issued its earnings results on Monday. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.28, Yahoo Finance reports. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same period in the previous year, the business earned $1.45 EPS.
Alliance Resource Partners Stock Up 5.0 %
ARLP stock opened at $22.21 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. Alliance Resource Partners has a twelve month low of $17.05 and a twelve month high of $24.30. The company’s 50 day moving average is $20.13 and its two-hundred day moving average is $20.92. The stock has a market cap of $2.84 billion, a P/E ratio of 4.62 and a beta of 1.14.
Alliance Resource Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $2.80 annualized dividend and a yield of 12.61%. Alliance Resource Partners’s dividend payout ratio (DPR) is 58.21%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Alliance Resource Partners
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.
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