Sunoco Logistics Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Sunoco Logistics Partners missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share increased significantly.
Margins expanded across the board.
Sunoco Logistics Partners reported revenue of $3.19 billion. The seven analysts polled by S&P Capital IQ expected revenue of $3.38 billion on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $3.38 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 $1.10. The nine earnings estimates compiled by S&P Capital IQ predicted $0.86 per share. GAAP EPS of $1.10 for Q4 were 86% higher than the prior-year quarter's $0.59 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 8.2%, 230 basis points better than the prior-year quarter. Operating margin was 5.1%, 70 basis points better than the prior-year quarter. Net margin was 4.4%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.14 billion. On the bottom line, the average EPS estimate is $0.85.
Next year's average estimate for revenue is $13.46 billion. The average EPS estimate is $3.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 177 members out of 188 rating the stock outperform, and 11 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Sunoco Logistics Partners a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sunoco Logistics Partners is outperform, with an average price target of $55.23.
Is Sunoco Logistics 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.
- Add Sunoco Logistics Partners to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Energy Transfer Partners LP's Best Moves in 2016 So Far
The midstream MLP made three crucial moves to get the capital it needed to fund its ambitious growth plan.
Despite the Oil Rally, Here's Why You Should Still Avoid This High-Yield Energy Stock
Find out why one of the most successful dividend growers in the energy industry is one that you might be wise to avoid.
Why Energy Transfer Equity LP, Energy Transfer Partners LP, Williams Companies Inc, and Williams Partners LP Stocks Are All Down Big
A change in the CFO seat seems to be a big factor in today's price drop for all the Energy Transfer and Williams Companies affiliates.