BreitBurn Energy Partners Meets on the Top Line, Misses Where It Counts
BreitBurn Energy Partners (NAS: BBEP) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BreitBurn Energy Partners met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Margins improved across the board.
BreitBurn Energy Partners reported revenue of $109.7 million. The eight analysts polled by S&P Capital IQ anticipated revenue of $110.4 million on the same basis. GAAP reported sales were 42% higher than the prior-year quarter's $78.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.37. The seven earnings estimates compiled by S&P Capital IQ averaged $0.14 per share on the same basis. GAAP EPS were -$0.51 for Q4 versus -$1.25 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.0%, 170 basis points better than the prior-year quarter. Operating margin was -17.8%, 6,000 basis points better than the prior-year quarter. Net margin was -27.5%, 6,330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $122.2 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $500.3 million. The average EPS estimate is $0.85.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 443 members out of 456 rating the stock outperform, and 13 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 give BreitBurn Energy Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BreitBurn Energy Partners is outperform, with an average price target of $23.
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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.