The S&P 500 Energy Index was recently more than 11% higher than where it began the year. The midstream-focused Alerian MLP Index is on a similar trajectory, up 12.3% year-to-date. Given this backdrop, I like the look of CrossAmerica Partners LP here.
Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
CAPL stock results show that CrossAmerica Partners missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
Today, February 09, 2024, marks an important moment for investors of CrossAmerica Partners (NYSE:CAPL). The company will distribute a dividend payout of $0.53 per share, demonstrating an annualized dividend yield of 9.11%.
The price of crude oil has cratered over the last two months, falling from a high of $95 to $69. While this move has shifted many speculators to the bearish side, I think they are late, and risk-reward favors the long side here.
By the close of today, November 10, 2023, CrossAmerica Partners (NYSE:CAPL) will issue a dividend payout of $0.53 per share, resulting in an annualized dividend yield of 9.60%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 02, 2023.
Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.14 per share on revenue of $505.61 million.
