BreitBurn Energy Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), BreitBurn Energy Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share expanded significantly.
Gross margins improved, operating margins contracted, and net margins shrank.
BreitBurn Energy Partners booked revenue of $95.0 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $113.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $95.9 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 $0.11. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. GAAP EPS of $1.29 for Q2 were 42% higher than the prior-year quarter's $0.91 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 75.9%, 1,370 basis points better than the prior-year quarter. Operating margin was 53.1%, 1,940 basis points worse than the prior-year quarter. Net margin was 45.5%, 1,440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $120.6 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $466.0 million. The average EPS estimate is $0.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 463 members out of 477 rating the stock outperform, and 14 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 138 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 $21.82.
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