PAA Natural Gas Storage (NYSE: PNG ) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PAA Natural Gas Storage crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share stayed the same.
Margins expanded across the board.
PAA Natural Gas Storage chalked up revenue of $112.7 million. The five analysts polled by S&P Capital IQ expected to see revenue of $74.8 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $158.8 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 $0.31. The eight earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS of $0.30 were the same as 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 34.9%, 1,160 basis points better than the prior-year quarter. Operating margin was 22.0%, 720 basis points better than the prior-year quarter. Net margin was 19.9%, 600 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $78.5 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $300.5 million. The average EPS estimate is $0.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 68 members out of 69 rating the stock outperform, and one members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give PAA Natural Gas Storage a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PAA Natural Gas Storage is hold, with an average price target of $19.72.
Can your portfolio provide you with enough income to last through retirement? You'll need more than PAA Natural Gas Storage. 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.