Breitburn Energy Partners (Nasdaq: BBEP) is expected to report Q2 earnings on Aug. 6. 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 Breitburn Energy Partners's revenues will increase 41.9% and EPS will compress -12.5%.

The average estimate for revenue is $134.7 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
 Last quarter, Breitburn Energy Partners booked revenue of $120.4 million. GAAP reported sales were 27% higher than the prior-year quarter's $95.2 million.

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

EPS details
 Last quarter, non-GAAP EPS came in at -$0.07. GAAP EPS were -$0.38 for Q1 versus -$0.76 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 56.9%, 240 basis points better than the prior-year quarter. Operating margin was -14.7%, much better than the prior-year quarter. Net margin was -30.0%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $605.4 million. The average EPS estimate is $0.60.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 559 members out of 574 rating the stock outperform, and 15 members rating it underperform. Among 167 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Breitburn Energy Partners a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Breitburn Energy Partners is outperform, with an average price target of $22.54.

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