Regency Energy Partners (NYSE: RGP) reported earnings on Feb. 20. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Regency Energy Partners missed estimates on revenues and missed expectations on earnings per share.

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

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

Revenue details
 Regency Energy Partners chalked up revenue of $355.4 million. The four analysts polled by S&P Capital IQ looked for revenue of $380.2 million on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $374.5 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 -$0.08. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS were -$0.08 for Q4 versus $0.06 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 20.6%, 60 basis points better than the prior-year quarter. Operating margin was -0.5%, 340 basis points worse than the prior-year quarter. Net margin was -2.8%, 640 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $392.4 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $0.50.

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 $26.11.

Is Regency Energy Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.