Enbridge Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Enbridge Energy Partners met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP earnings per share increased.
Gross margins grew, operating margins dropped, and net margins grew.
Enbridge Energy Partners reported revenue of $2.08 billion. The four analysts polled by S&P Capital IQ expected revenue of $2.10 billion on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $2.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.32. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share on the same basis. GAAP EPS were $1.09 for Q4 against -$0.01 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 21%, 170 basis points better than the prior-year quarter. Operating margin was 19.1%, 1,060 basis points worse than the prior-year quarter. Net margin was 11%, 1,320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.13 billion. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $9.35 billion. The average EPS estimate is $1.48.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enbridge Energy Partners is outperform, with an average price target of $32.86.
How did Enbridge Energy Partners treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
- Add Enbridge Energy Partners to My Watchlist.
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. 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.