Breitburn Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Breitburn Energy Partners missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share increased significantly. GAAP loss per share dropped.
Gross margins dropped, operating margins expanded, net margins grew.
Breitburn Energy Partners reported revenue of $113.2 million. The eight analysts polled by S&P Capital IQ wanted to see net sales of $122.2 million on the same basis. GAAP reported sales were 7.0% higher than the prior-year quarter's $109.9 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 $1.17. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. Non-GAAP EPS of $1.17 for Q4 were 388% higher than the prior-year quarter's $0.24 per share. GAAP EPS were -$0.13 for Q4 versus -$0.51 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 54.4%, 330 basis points worse than the prior-year quarter. Operating margin was 7.1%, much better than the prior-year quarter. Net margin was -8.8%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $130.2 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $552.5 million. The average EPS estimate is $0.77.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 510 members out of 525 rating the stock outperform, and 15 members rating it underperform. Among 176 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 172 give Breitburn Energy Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Breitburn Energy Partners is outperform, with an average price target of $22.54.
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