Atlas Pipeline Partners (NYS: APL) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Atlas Pipeline Partners missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share contracted.

Gross margins contracted, operating margins dropped, net margins expanded.

Revenue details
Atlas Pipeline Partners logged revenue of $315.9 million. The two analysts polled by S&P Capital IQ anticipated sales of $326.5 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $259.2 million.

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

EPS details
Non-GAAP EPS came in at -$0.15. The four earnings estimates compiled by S&P Capital IQ forecast $0.46 per share on the same basis. GAAP EPS were -$0.13 for Q4 versus -$0.23 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 9.2%, 930 basis points worse than the prior-year quarter. Operating margin was -0.3%, 750 basis points worse than the prior-year quarter. Net margin was -2.2%, 240 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $326.6 million. On the bottom line, the average EPS estimate is $0.33.

Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is $1.52.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is outperform, with an average price target of $41.67.

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At the time this article was published 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. 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.

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