Energy Transfer Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Energy Transfer Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share contracted significantly.
Gross margins expanded, operating margins expanded, and net margins shrank.
Energy Transfer Partners logged revenue of $1.24 billion. The six analysts polled by S&P Capital IQ predicted revenue of $1.53 billion on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $1.63 billion.
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 $0.01. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.35 per share. GAAP EPS of $0.01 for Q2 were 95% lower than the prior-year quarter's $0.19 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 35.8%, 910 basis points better than the prior-year quarter. Operating margin was 23.3%, 670 basis points better than the prior-year quarter. Net margin was 9.0%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.51 billion. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $6.06 billion. The average EPS estimate is $1.58.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 855 members out of 872 rating the stock outperform, and 17 members rating it underperform. Among 238 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Energy Transfer 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 Energy Transfer Partners is hold, with an average price target of $50.00.
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