Eagle Rock Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Eagle Rock Energy Partners whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share dropped.
Margins improved across the board.
Eagle Rock Energy Partners logged revenue of $225.8 million. The three analysts polled by S&P Capital IQ anticipated revenue of $273.0 million on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $216.3 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 -$0.39. The three earnings estimates compiled by S&P Capital IQ anticipated $0.11 per share. GAAP EPS were -$0.39 for Q1 versus -$0.61 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 30.2%, 730 basis points better than the prior-year quarter. Operating margin was 3.1%, 2,620 basis points better than the prior-year quarter. Net margin was -22.3%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $272.1 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $1.15 billion. The average EPS estimate is $0.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 534 members out of 546 rating the stock outperform, and 12 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 170 give Eagle Rock Energy Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Eagle Rock Energy Partners is outperform, with an average price target of $13.33.
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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. 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.