Atlas Pipeline Partners (NYSE: APL) reported earnings on Oct. 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Atlas Pipeline Partners whiffed on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.

Margins contracted across the board.

Revenue details
 Atlas Pipeline Partners booked revenue of $277.6 million. The four analysts polled by S&P Capital IQ foresaw sales of $314.6 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $353.2 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 -$0.17. The seven earnings estimates compiled by S&P Capital IQ forecast $0.25 per share. GAAP EPS were -$0.17 for Q3 versus $0.87 per share for the prior-year quarter.

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 13.4%, 260 basis points worse than the prior-year quarter. Operating margin was 0.7%, 720 basis points worse than the prior-year quarter. Net margin was -2.8%, 1,650 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $392.8 million. On the bottom line, the average EPS estimate is $0.33.

Next year's average estimate for revenue is $1.23 billion. The average EPS estimate is $1.74.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is outperform, with an average price target of $39.60.

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