Atlas Pipeline Partners (NYSE: APL) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Atlas Pipeline Partners whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.

Margins shrank across the board.

Revenue details
Atlas Pipeline Partners recorded revenue of $292.3 million. The three analysts polled by S&P Capital IQ expected revenue of $327.7 million on the same basis. GAAP reported sales were 6.0% higher than the prior-year quarter's $275.7 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 $0.06. The four earnings estimates compiled by S&P Capital IQ forecast $0.32 per share. GAAP EPS of $0.06 for Q1 were 99% lower than the prior-year quarter's $4.36 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 15.4%, 70 basis points worse than the prior-year quarter. Operating margin was 4.9%, 110 basis points worse than the prior-year quarter. Net margin was 1.7%, 8,550 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $343.8 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $1.56.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is outperform, with an average price target of $42.33.

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