Breitburn Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Breitburn Energy Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP loss per share shrank.
Gross margins dropped, operating margins expanded, and net margins expanded.
Breitburn Energy Partners reported revenue of $94.0 million. The nine analysts polled by S&P Capital IQ wanted to see a top line of $116.1 million on the same basis. GAAP reported sales were 1.8% higher than the prior-year quarter's $93.5 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 $0.06. The eight earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS were -$0.76 for Q1 compared to -$1.67 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 54.5%, 610 basis points worse than the prior-year quarter. Operating margin was -37.9%, 5,480 basis points better than the prior-year quarter. Net margin was -52.5%, 4,890 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $116.9 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $474.0 million. The average EPS estimate is $1.04.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 449 members out of 462 rating the stock outperform, and 13 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 give Breitburn Energy Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Breitburn Energy Partners is outperform, with an average price target of $22.94.
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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.