Regency Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Regency Energy Partners missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Regency Energy Partners logged revenue of $349.0 million. The three analysts polled by S&P Capital IQ looked for a top line of $381.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.03. The eight earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. Non-GAAP EPS of $0.03 for Q1 were 77% lower than the prior-year quarter's $0.13 per share. GAAP EPS were -$0.06 for Q1 against $0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.5%, 30 basis points worse than the prior-year quarter. Operating margin was 2.9%, 110 basis points worse than the prior-year quarter. Net margin was -1.4%, 930 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $411.7 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.73 billion. The average EPS estimate is $0.35.
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 $26.25.
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.
- Add Regency Energy Partners to My Watchlist.