Atlas Energy, L.P
The 10-second takeaway
For the quarter ended June 30 (Q2), Atlas Energy, L.P beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.
Gross margins grew, operating margins improved, net margins contracted.
Atlas Energy, L.P reported revenue of $363.2 million. The one analyst polled by S&P Capital IQ expected net sales of $356.9 million on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $380.6 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 -$0.15. The one earnings estimate compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS were -$0.15 for Q2 against $0.30 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 36.4%, 1,740 basis points better than the prior-year quarter. Operating margin was 17.0%, 930 basis points better than the prior-year quarter. Net margin was -2.1%, 640 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $403.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is $0.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 234 members out of 253 rating the stock outperform, and 19 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Atlas Energy, L.P 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 Atlas Energy, L.P is outperform, with an average price target of $50.00.
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