Eagle Rock Energy Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Eagle Rock Energy Partners whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Eagle Rock Energy Partners reported revenue of $163.4 million. The three analysts polled by S&P Capital IQ foresaw net sales of $258.9 million on the same basis. GAAP reported sales were 42% lower than the prior-year quarter's $281.4 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 -$0.80. The four earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS were -$0.80 for Q3 against $0.76 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 15.8%, 1,420 basis points worse than the prior-year quarter. Operating margin was -22.1%, 6,270 basis points worse than the prior-year quarter. Net margin was -65.4%, 10,000 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $353.1 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $0.18.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 539 members out of 555 rating the stock outperform, and 16 members rating it underperform. Among 184 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Eagle Rock 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 Eagle Rock Energy Partners is outperform, with an average price target of $10.67.
Is Eagle Rock Energy Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Eagle Rock Energy 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