Sunoco Logistics Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Sunoco Logistics Partners beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins grew across the board.
Sunoco Logistics Partners reported revenue of $3.22 billion. The seven analysts polled by S&P Capital IQ predicted sales of $3.14 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.85 billion.
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 $1.09. The nine earnings estimates compiled by S&P Capital IQ predicted $0.85 per share. GAAP EPS of $1.09 for Q3 were 40% higher than the prior-year quarter's $0.78 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 6.9%, 90 basis points better than the prior-year quarter. Operating margin was 5.1%, 70 basis points better than the prior-year quarter. Net margin was 4.2%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.24 billion. On the bottom line, the average EPS estimate is $0.81.
Next year's average estimate for revenue is $13.14 billion. The average EPS estimate is $3.61.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 178 members out of 189 rating the stock outperform, and 11 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Sunoco Logistics Partners 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 Sunoco Logistics Partners is outperform, with an average price target of $47.35.
Is Sunoco Logistics 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 Sunoco Logistics Partners to My Watchlist.