Atlas Pipeline Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Atlas Pipeline Partners met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share grew.
Gross margins increased, operating margins grew, net margins dropped.
Atlas Pipeline Partners reported revenue of $352.1 million. The four analysts polled by S&P Capital IQ foresaw sales of $353.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.22. The eight earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS were -$0.22 for Q4 compared to -$0.01 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 16.9%, 70 basis points better than the prior-year quarter. Operating margin was 1.5%, 240 basis points better than the prior-year quarter. Net margin was -2.5%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $398.4 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is $1.70.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is outperform, with an average price target of $40.00.
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