Holly Energy Partners L.P (NYSE: HEP ) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Holly Energy Partners L.P beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
Holly Energy Partners L.P notched revenue of $72.5 million. The four analysts polled by S&P Capital IQ wanted to see sales of $70.0 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $49.3 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 $0.68. The four earnings estimates compiled by S&P Capital IQ averaged $0.75 per share. GAAP EPS of $0.68 for Q3 were 17% higher than the prior-year quarter's $0.58 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 70.6%, 40 basis points better than the prior-year quarter. Operating margin was 50.7%, 30 basis points better than the prior-year quarter. Net margin was 26.5%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $71.9 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $274.1 million. The average EPS estimate is $2.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 96 members out of 109 rating the stock outperform, and 13 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Holly Energy Partners L.P a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Holly Energy Partners L.P is hold, with an average price target of $65.20.
Is Holly Energy Partners L.P 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.