NGL Energy Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), NGL Energy Partners crushed expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded.
Margins grew across the board.
NGL Energy Partners reported revenue of $1.14 billion. The two analysts polled by S&P Capital IQ expected to see sales of $666.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $210.0 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 $0.00. The two earnings estimates compiled by S&P Capital IQ predicted $0.09 per share. GAAP EPS were $0.21 for Q2 compared to -$0.36 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 7.2%, 310 basis points better than the prior-year quarter. Operating margin was 1.6%, 320 basis points better than the prior-year quarter. Net margin was 0.9%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $923.7 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.91 billion. The average EPS estimate is $1.11.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 15 members out of 16 rating the stock outperform, and one members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give NGL Energy Partners a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NGL Energy Partners is buy, with an average price target of $29.33.
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