EV Energy Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), EV Energy Partners whiffed on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Revenue details
EV Energy Partners reported revenue of $63.6 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $93.9 million on the same basis. GAAP reported sales were 8.7% lower than the prior-year quarter's $69.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.34. The eight earnings estimates compiled by S&P Capital IQ averaged $0.46 per share. GAAP EPS of $0.34 for Q2 were 67% lower than the prior-year quarter's $1.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 56.1%, 1,200 basis points worse than the prior-year quarter. Operating margin was -34.7%, 10,220 basis points worse than the prior-year quarter. Net margin was 23.5%, 3,280 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $96.4 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $380.8 million. The average EPS estimate is $1.84.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 410 members out of 424 rating the stock outperform, and 14 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give EV Energy 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 EV Energy Partners is buy, with an average price target of $81.06.
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