Western Gas Partners Lp (NYSE:WES) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Western Gas Partners Lp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24.24% to $0.41 in the quarter versus EPS of $0.33 in the year-earlier quarter.
Revenue: Rose 24.23% to $255.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Western Gas Partners Lp reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $252.46 million.
Quoting Management: “Our second quarter fully met our expectations,” said President and Chief Executive Officer, Don Sinclair. “With strong sequential throughput growth in our liquids-rich areas, as well as the Marcellus, the start-up of our Brasada plant in June, and the commencement of our recently-announced capital projects, 2013 is shaping up to be a very exciting year. We continue to maintain the full-year 2013 EBITDA guidance that we released in February, while we will be revising the total capital expenditure guidance to reflect the new projects.”
Key Stats (on next page)…