NGL Energy Partners (NYSE: NGL ) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), NGL Energy Partners beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share expanded.
Gross margins increased, operating margins dropped, net margins shrank.
NGL Energy Partners reported revenue of $326.4 million. The three analysts polled by S&P Capital IQ predicted a top line of $299.1 million on the same basis. GAAP reported sales were 71% higher than the prior-year quarter's $190.8 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 -$0.64. The three earnings estimates compiled by S&P Capital IQ forecast -$0.41 per share. GAAP EPS were -$0.76 for Q1 against -$0.53 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 8.4%, 580 basis points better than the prior-year quarter. Operating margin was -4.6%, 160 basis points worse than the prior-year quarter. Net margin was -7.6%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $541.4 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $1.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 17 members out of 17 rating the stock outperform, and members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give NGL Energy Partners a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NGL Energy Partners is buy, with an average price target of $25.33.
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