Regency Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Regency Energy Partners missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins improved across the board.
Revenue details
Regency Energy Partners recorded revenue of $357.9 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $379.6 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $319.0 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 $0.13. The seven earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.14 for Q1 were 100% higher than the prior-year quarter's $0.07 per share.
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 21.8%, 20 basis points better than the prior-year quarter. Operating margin was 4.0%, 150 basis points better than the prior-year quarter. Net margin was 7.9%, 350 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $391.7 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $0.46.
Investor sentiment
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 $28.86.
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