Energy Partners Beats on Revenue, Matches Expectations on EPS
Energy Partners (NYS: EPL) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Energy Partners beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share increased.
Gross margins improved, operating margins expanded, and net margins dropped.
Energy Partners reported revenue of $103.4 million. The four analysts polled by S&P Capital IQ expected sales of $86.6 million on the same basis. GAAP reported sales were 89% higher than the prior-year quarter's $54.7 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 $0.38. The five earnings estimates compiled by S&P Capital IQ predicted $0.38 per share on the same basis. GAAP EPS were -$0.18 for Q4 against -$0.03 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 82.5%, 380 basis points better than the prior-year quarter. Operating margin was 12.7%, 1,440 basis points better than the prior-year quarter. Net margin was -7.1%, 500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $91.2 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $379.7 million. The average EPS estimate is $1.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 158 members out of 169 rating the stock outperform, and 11 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Energy Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Partners is outperform, with an average price target of $39.50.
Is Energy Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Energy Partners to My Watchlist.
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.