Regency Energy Partners (NYSE: RGP) is expected to report Q2 earnings around July 26. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Regency Energy Partners's revenues will grow 34.6% and EPS will decrease -60.0%.

The average estimate for revenue is $420.0 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
 Last quarter, Regency Energy Partners reported revenue of $349.0 million. GAAP reported sales were 1.9% lower than the prior-year quarter's $359.0 million.

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

EPS details
 Last quarter, non-GAAP EPS came in at $0.03. GAAP EPS were -$0.06 for Q1 compared to $0.14 per share for the prior-year quarter.

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

Recent performance
 For the preceding quarter, gross margin was 22.2%, 50 basis points better than the prior-year quarter. Operating margin was 2.8%, much about the same as the prior-year quarter. Net margin was -1.4%, 950 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.73 billion. The average EPS estimate is $0.31.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regency Energy Partners is hold, with an average price target of $26.25.

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