Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) announced its earnings results on Monday. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.28, Yahoo Finance reports. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same quarter last year, the company posted $1.45 earnings per share.
Alliance Resource Partners Trading Up 5.0 %
ARLP opened at $22.21 on Tuesday. Alliance Resource Partners has a twelve month low of $17.05 and a twelve month high of $24.30. The company has a fifty day moving average of $20.13 and a 200-day moving average of $20.92. The stock has a market cap of $2.84 billion, a PE ratio of 4.62 and a beta of 1.14. The company has a quick ratio of 1.71, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.
Alliance Resource Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is currently 58.21%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Alliance Resource Partners
About Alliance Resource Partners
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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