The 10-second takeaway
For the quarter ended March 31 (Q1), Energen missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped. GAAP earnings per share contracted.
Margins dropped across the board.
Energen reported revenue of $492.7 million. The six analysts polled by S&P Capital IQ hoped for a top line of $508.0 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $418.4 million.
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 $1.14. The 13 earnings estimates compiled by S&P Capital IQ predicted $1.24 per share. Non-GAAP EPS of $1.14 for Q1 were 14% lower than the prior-year quarter's $1.33 per share. GAAP EPS of $0.78 for Q1 were 1.3% lower than the prior-year quarter's $0.79 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 51.0%, 880 basis points worse than the prior-year quarter. Operating margin was 21.4%, 860 basis points worse than the prior-year quarter. Net margin was 11.5%, 220 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $404.3 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $1.80 billion. The average EPS estimate is $3.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 260 members out of 269 rating the stock outperform, and nine members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Energen a green thumbs-up, and two give it a red thumbs-down.
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