The Gory Details of Regency Energy Partners' Earnings Miss
Regency Energy Partners (NYS: RGP) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Regency Energy Partners met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Gross margins dropped, operating margins contracted, net margins increased.
Regency Energy Partners booked revenue of $369.9 million. The four analysts polled by S&P Capital IQ foresaw revenue of $366.9 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $324.3 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 $0.09. The six earnings estimates compiled by S&P Capital IQ forecast $0.12 per share. GAAP EPS were $0.09 for Q4 against -$0.09 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 20.0%, 160 basis points worse than the prior-year quarter. Operating margin was 2.9%, 560 basis points worse than the prior-year quarter. Net margin was 3.6%, 640 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $375.1 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $0.52.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regency Energy Partners is outperform, with an average price target of $28.00.
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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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