DCP Midstream Partners (NYSE: DPM ) reported earnings on Nov. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), DCP Midstream Partners whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.
Margins contracted across the board.
DCP Midstream Partners reported revenue of $330.9 million. The seven analysts polled by S&P Capital IQ expected revenue of $423.8 million on the same basis. GAAP reported sales were 0.1% lower than the prior-year quarter's $331.2 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 -$0.16. The eight earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS were -$0.16 for Q3 versus $1.35 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.2%, 460 basis points worse than the prior-year quarter. Operating margin was 0.4%, 1,910 basis points worse than the prior-year quarter. Net margin was 0.4%, 1,760 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $556.6 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is $1.75.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 213 members out of 224 rating the stock outperform, and 11 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give DCP Midstream Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DCP Midstream Partners is outperform, with an average price target of $48.32.
Can your portfolio provide you with enough income to last through retirement? You'll need more than DCP Midstream Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add DCP Midstream Partners to My Watchlist.