Pioneer Southwest Energy Partners Goes Red

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Pioneer Southwest Energy Partners (NYS: PSE) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pioneer Southwest Energy Partners beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue improved, and GAAP earnings per share dropped to a loss.

Gross margins expanded, operating margins dropped, and net margins contracted.

Revenue details
Pioneer Southwest Energy Partners reported revenue of $53.9 million. The five analysts polled by S&P Capital IQ expected revenue of $50.2 million. GAAP sales were 9.9% higher than the prior-year quarter's $49.0 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.77. The five earnings estimates compiled by S&P Capital IQ predicted $0.86 per share on the same basis. GAAP EPS were -$0.21 for Q4 against $0.14 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 75.2%, 230 basis points better than the prior-year quarter. Operating margin was -12.1%, 2,250 basis points worse than the prior-year quarter. Net margin was -12.8%, 2,230 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $44.7 million. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $189.5 million. The average EPS estimate is $2.78.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 162 members rating the stock outperform and nine members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Pioneer Southwest Energy Partners a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Southwest Energy Partners is hold, with an average price target of $28.75.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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