Eagle Rock Energy Partners (Nasdaq: EROC) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Eagle Rock Energy Partners met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share increased.

Gross margins dropped, operating margins expanded, net margins contracted.

Revenue details
 Eagle Rock Energy Partners logged revenue of $312.4 million. The five analysts polled by S&P Capital IQ expected to see sales of $310.1 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $250.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.38. The five earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS were -$0.38 for Q4 compared to -$0.24 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 25.7%, 720 basis points worse than the prior-year quarter. Operating margin was 4.7%, 410 basis points better than the prior-year quarter. Net margin was -17.7%, 750 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $310.2 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $1.28 billion. The average EPS estimate is $0.26.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 536 members out of 555 rating the stock outperform, and 19 members rating it underperform. Among 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 176 give Eagle Rock Energy Partners a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Eagle Rock Energy Partners is outperform, with an average price target of $10.40.

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