Sunoco Logistics Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Sunoco Logistics Partners met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share increased significantly.
Margins expanded across the board.
Sunoco Logistics Partners logged revenue of $3.51 billion. The seven analysts polled by S&P Capital IQ looked for revenue of $3.53 billion 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 $1.09. The nine earnings estimates compiled by S&P Capital IQ forecast $0.81 per share. GAAP EPS of $1.09 for Q1 were 42% higher than the prior-year quarter's $0.77 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 7.5%, 230 basis points better than the prior-year quarter. Operating margin was 4.7%, 100 basis points better than the prior-year quarter. Net margin was 4.0%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.44 billion. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $13.85 billion. The average EPS estimate is $3.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 186 members out of 197 rating the stock outperform, and 11 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 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 $64.85.
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.