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.
Can your retirement portfolio provide you with enough income to last? You'll need more than Energy Transfer Partners. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Energy Transfer Partners to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.