NGL Energy Partners
The 10-second takeaway
For the quarter ended June 30 (Q1), NGL Energy Partners beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share expanded.
Gross margins increased, operating margins dropped, net margins shrank.
NGL Energy Partners reported revenue of $326.4 million. The three analysts polled by S&P Capital IQ predicted a top line of $299.1 million on the same basis. GAAP reported sales were 71% higher than the prior-year quarter's $190.8 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 -$0.64. The three earnings estimates compiled by S&P Capital IQ forecast -$0.41 per share. GAAP EPS were -$0.76 for Q1 against -$0.53 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 8.4%, 580 basis points better than the prior-year quarter. Operating margin was -4.6%, 160 basis points worse than the prior-year quarter. Net margin was -7.6%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $541.4 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $1.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 17 members out of 17 rating the stock outperform, and members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give NGL Energy Partners a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NGL Energy Partners is buy, with an average price target of $25.33.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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