NGL Energy Partners (NYSE: NGL) reported earnings on Feb. 14. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), NGL Energy Partners missed estimates on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
NGL Energy Partners reported revenue of $1.34 billion. The two analysts polled by S&P Capital IQ looked for revenue of $1.45 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $470.6 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 $0.75. The two earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. GAAP EPS of $0.75 for Q3 were 200% higher than the prior-year quarter's $0.25 per share.

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 10.0%, 340 basis points better than the prior-year quarter. Operating margin was 3.8%, 200 basis points better than the prior-year quarter. Net margin was 3.0%, 170 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.92.

Next year's average estimate for revenue is $4.57 billion. The average EPS estimate is $1.39.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 20 members out of 20 rating the stock outperform, and members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven 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 $29.67.

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