Teekay Offshore Partners (NYSE: TOO) reported earnings on Nov. 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Teekay Offshore Partners beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.

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

Revenue details
 Teekay Offshore Partners booked revenue of $228.0 million. The five analysts polled by S&P Capital IQ hoped for a top line of $204.3 million on the same basis. GAAP reported sales were 5.0% lower than the prior-year quarter's $239.9 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 $0.33. The four earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS were $0.19 for Q3 versus -$1.18 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 51.8%, 240 basis points better than the prior-year quarter. Operating margin was 22.2%, 30 basis points worse than the prior-year quarter. Net margin was 6.0%, 3,730 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $212.8 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $867.0 million. The average EPS estimate is $1.11.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 106 members out of 119 rating the stock outperform, and 13 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Teekay Offshore Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teekay Offshore Partners is outperform, with an average price target of $30.45.

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