Compressco Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Compressco Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins increased across the board.
Revenue details
Compressco Partners booked revenue of $24.9 million. The one analyst polled by S&P Capital IQ looked for revenue of $22.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $22.3 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 $0.23. The three earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS of $0.23 for Q2 were 475% higher than the prior-year quarter's $0.04 per share.
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 49.2%, 390 basis points better than the prior-year quarter. Operating margin was 19.8%, 550 basis points better than the prior-year quarter. Net margin was 14.4%, 1,190 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $24.8 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $97.0 million. The average EPS estimate is $0.81.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compressco Partners is hold, with an average price target of $14.50.
Are you missing a big story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Compressco Partners to My Watchlist.