Regency Energy Partners (NYSE: RGP) reported earnings on Nov. 8. Here are the numbers you need to know.

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

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

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

Revenue details
 Regency Energy Partners booked revenue of $313.9 million. The four analysts polled by S&P Capital IQ predicted sales of $379.7 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $395.6 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 $0.04. The five earnings estimates compiled by S&P Capital IQ anticipated $0.12 per share. GAAP EPS were -$0.04 for Q3 compared to $0.09 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 20.9%, 110 basis points better than the prior-year quarter. Operating margin was 1.6%, 380 basis points worse than the prior-year quarter. Net margin was -0.6%, 830 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $374.8 million. On the bottom line, the average EPS estimate is $0.12.

Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $0.45.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regency Energy Partners is outperform, with an average price target of $27.30.

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