The 10-second takeaway
For the quarter ended June 30 (Q2), Energy Partners met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins expanded across the board.
Energy Partners booked revenue of $99.3 million. The one analyst polled by S&P Capital IQ wanted to see a top line of $99.9 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $92.8 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 $0.52. The four earnings estimates compiled by S&P Capital IQ averaged $0.48 per share. GAAP EPS of $0.90 for Q2 were 45% higher than the prior-year quarter's $0.62 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 81.1%, 60 basis points better than the prior-year quarter. Operating margin was 62.0%, 1,340 basis points better than the prior-year quarter. Net margin was 35.7%, 880 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $99.2 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $395.8 million. The average EPS estimate is $1.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 155 members out of 164 rating the stock outperform, and nine members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Energy Partners a green thumbs-up, and three 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.
- Add Energy Partners to My Watchlist.