Oasis Petroleum (NYSE: OAS) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Oasis Petroleum beat slightly on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
 Oasis Petroleum notched revenue of $214.3 million. The 16 analysts polled by S&P Capital IQ expected revenue of $211.2 million on the same basis. GAAP reported sales were 83% higher than the prior-year quarter's $116.9 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 $0.49. The 21 earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. Non-GAAP EPS of $0.49 for Q4 were 16% lower than the prior-year quarter's $0.58 per share. GAAP EPS were $0.46 for Q4 versus -$0.15 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 79.9%, 40 basis points better than the prior-year quarter. Operating margin was 40.4%, much better than the prior-year quarter. Net margin was 19.9%, much better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $215.1 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $1.00 billion. The average EPS estimate is $2.38.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 133 rating the stock outperform, and two members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Oasis Petroleum 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 Oasis Petroleum is outperform, with an average price target of $39.32.

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