El Paso Pipeline Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), El Paso Pipeline Partners missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Gross margins dropped, operating margins dropped, and net margins expanded.
El Paso Pipeline Partners booked revenue of $363.0 million. The six analysts polled by S&P Capital IQ looked for sales of $388.0 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $366.0 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 $0.54. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.54 for Q1 were 16% lower than the prior-year quarter's $0.64 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.8%, 110 basis points worse than the prior-year quarter. Operating margin was 56.7%, 230 basis points worse than the prior-year quarter. Net margin was 37.2%, 580 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $363.9 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $1.54 billion. The average EPS estimate is $2.15.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 259 members out of 264 rating the stock outperform, and five members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give El Paso Pipeline Partners a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on El Paso Pipeline Partners is outperform, with an average price target of $38.25.
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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. Motley Fool newsletter services have recommended buying shares of El Paso Pipeline Partners. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.