Energy Transfer Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Energy Transfer Partners crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP earnings per share increased significantly.
Margins dropped across the board.
Energy Transfer Partners logged revenue of $10.98 billion. The four analysts polled by S&P Capital IQ wanted to see a top line of $7.18 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $1.82 billion.
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 $0.53. The nine earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. Non-GAAP EPS of $0.53 for Q4 were 10% higher than the prior-year quarter's $0.48 per share. GAAP EPS of $0.56 for Q4 were 37% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.3%, 2,030 basis points worse than the prior-year quarter. Operating margin was 4.2%, 1,440 basis points worse than the prior-year quarter. Net margin was 2.8%, 860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $6.98 billion. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $26.51 billion. The average EPS estimate is $2.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 898 members out of 919 rating the stock outperform, and 21 members rating it underperform. Among 279 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 275 give Energy Transfer Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Transfer Partners is outperform, with an average price target of $49.46.
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