Crosstex Energy (Nasdaq: XTXI) reported earnings on Nov. 9. Here are the numbers you need to know.

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

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

Gross margins grew, operating margins dropped, net margins dropped.

Revenue details
Crosstex Energy chalked up revenue of $407.0 million. The two analysts polled by S&P Capital IQ predicted a top line of $482.8 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $517.5 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 -$0.09. The one earnings estimate compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.09 for Q3 against -$0.04 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 15.8%, 370 basis points better than the prior-year quarter. Operating margin was 0.2%, 290 basis points worse than the prior-year quarter. Net margin was -1.1%, 80 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $455.0 million. On the bottom line, the average EPS estimate is -$0.02.

Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is -$0.10.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 303 members out of 339 rating the stock outperform, and 36 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Crosstex Energy a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is hold, with an average price target of $15.75.

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