Regency Energy Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Regency Energy Partners whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Regency Energy Partners booked revenue of $312.0 million. The four analysts polled by S&P Capital IQ predicted a top line of $379.1 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $364.0 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 $0.20. The seven earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS of $0.10 for Q2 were 43% 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.
For the quarter, gross margin was 27.6%, 820 basis points better than the prior-year quarter. Operating margin was 7.9%, 570 basis points better than the prior-year quarter. Net margin was 9.2%, 520 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $392.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.56 billion. The average EPS estimate is $0.39.
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 $27.90.
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