Energy Transfer Partners Whiffs on Revenues
Energy Transfer Partners (NYS: ETP) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Energy Transfer Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share increased significantly.
Gross margins increased, operating margins dropped, and net margins expanded.
Energy Transfer Partners reported revenue of $1.31 billion. The six analysts polled by S&P Capital IQ predicted sales of $1.79 billion on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $1.69 billion.
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 $0.25. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.51 per share. GAAP EPS of $4.35 for Q1 were much higher than the prior-year quarter's $0.71 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31%, 80 basis points better than the prior-year quarter. Operating margin was 19.4%, 210 basis points worse than the prior-year quarter. Net margin was 85.4%, 7,080 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.68 billion. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $6.83 billion. The average EPS estimate is $1.94.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 834 members rating the stock outperform and 17 members rating it underperform. Among 238 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 237 give Energy Transfer Partners a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Transfer Partners is hold, with an average price target of $50.45.
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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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