Energy Partners Beats on Both Top and Bottom Lines
Energy Partners (NYS: EPL) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Energy Partners beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.
Margins expanded across the board.
Energy Partners reported revenue of $98.8 million. The two analysts polled by S&P Capital IQ hoped for net sales of $97.4 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $67.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.34. The three earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS were $0.04 for Q1 versus -$0.36 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 81.2%, 420 basis points better than the prior-year quarter. Operating margin was 30.0%, 5,670 basis points better than the prior-year quarter. Net margin was 1.5%, 2,310 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $98.3 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $398.6 million. The average EPS estimate is $2.04.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 151 members out of 160 rating the stock outperform, and nine members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 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 buy, with an average price target of $20.67.
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.