Regency Energy Partners (NYSE: RGP) is expected to report Q1 earnings around April 26. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Regency Energy Partners's revenues will grow 8.3% and EPS will shrink -61.5%.

The average estimate for revenue is $387.7 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
 Last quarter, Regency Energy Partners reported revenue of $355.4 million. GAAP reported sales were 5.8% lower than the prior-year quarter's $374.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at -$0.08. GAAP EPS were -$0.09 for Q4 compared to $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.

Recent performance
 For the preceding quarter, gross margin was 20.0%, 10 basis points worse than the prior-year quarter. Operating margin was 3.0%, 10 basis points worse than the prior-year quarter. Net margin was -2.6%, 610 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.68 billion. The average EPS estimate is $0.31.

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.

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