Energy Partners (NYSE: 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.

Revenue details
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 details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment
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.