Crosstex Energy Earnings Preview: Get Ahead of the Analysts

Crosstex Energy Lp (NASDAQ:XTEX) will report earnings before markets open on Thursday, May 9th. Crosstex Energy, LP, is a midstream energy company which gathers, transmits, processes, and markets natural gas. The Company connects natural gas wells, largely in the Texas Gulf Coast area, to its gathering system, removes impurities and natural gas liquids, and transports the natural gas to industrial end-users, utilities, and other pipelines.

Here is your Cheat Sheet to Crosstex Energy Lp Earnings:

Earnings Expectations: Analysts expect earnings of $-0.25 per share on revenues of $486.93 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.2 to a loss $0.25. For the current year, the average estimate is a loss of $0.66, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Crosstex Energy Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,076 1,584 1,793 2,014 1,656
Diluted EPS ($) -0.0319 1.40 -1.12 -0.38 -1.01

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 480.94 371.71 351.19 406.97 525.98
Diluted EPS ($) -0.1672 -0.03 -0.13 -0.34 -1.050

Past Performance:
Crosstex Energy Lp has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]