Holly Energy Partners' Earnings Beat Last Year's by 15%
Holly Energy Partners (NYS: HEP) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Holly Energy Partners met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins improved across the board.
Holly Energy Partners notched revenue of $63.5 million. The five analysts polled by S&P Capital IQ expected revenue of $64.1 million on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $45.0 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 $0.61. The six earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. GAAP EPS of $0.60 for Q1 were 13% higher than the prior-year quarter's $0.53 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 73.3%, 170 basis points better than the prior-year quarter. Operating margin was 53.9%, 230 basis points better than the prior-year quarter. Net margin was 25.9%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $65.3 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $264.4 million. The average EPS estimate is $3.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 97 members out of 109 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Holly Energy Partners a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Holly Energy Partners is hold, with an average price target of $61.20.
How did Holly Energy Partners treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
- Add Holly 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.