Boardwalk Pipeline Partners (NYS: BWP) reported earnings on Feb. 11. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.


Margins increased across the board.

Revenue details
Boardwalk Pipeline Partners notched revenue of $325.7 million. The 10 analysts polled by S&P Capital IQ expected a top line of $341.8 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $296.9 million.

anImage

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

EPS details
EPS came in at $0.44. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.39 for Q4 were 18% higher than the prior-year quarter's $0.33 per share.

anImage

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 77.1%, 50 basis points better than the prior-year quarter. Operating margin was 40.3%, 40 basis points better than the prior-year quarter. Net margin was 27.7%, 260 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $363.9 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $1.34 billion. The average EPS estimate is $1.41.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 474 members out of 496 rating the stock outperform, and 22 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 176 give Boardwalk Pipeline Partners a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boardwalk Pipeline Partners is hold, with an average price target of $29.25.

Is Boardwalk Pipeline 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.

The article Boardwalk Pipeline Partners Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Investing in Emerging Markets

Learn to invest in a globalized world.

View Course »

Investment Strategies

What's your investing game plan?

View Course »

Add a Comment

*0 / 3000 Character Maximum