Earnings Volatility Drives Magellan Midstream Partners Lp and These Stocks in a New Direction

Magellan Midstream Partners LP (NYSE:MMP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 27.45% to $0.65 in the quarter versus EPS of $0.51 in the year-earlier quarter. Revenue Decreased 1.25% to $443.9 million from the year-earlier quarter.

Magellan Midstream Partners LP reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.54. It missed the average revenue estimate of $461.79 million.

MMP 20130803

Marathon Petroleum Corporation (NYSE:MPC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 21.74% to $1.98 in the quarter versus EPS of $2.53 in the year-earlier quarter. Revenue Rose 26.88% to $25.7 billion from the year-earlier quarter.

Marathon Petroleum Corporation reported adjusted EPS income of $1.98 per share. By that measure, the company beat the mean analyst estimate of $1.93. It beat the average revenue estimate of $23.57 billion.

MPC 20130803

Targa Resources Partners LP (NYSE:NGLS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 97.14% to $0.01 in the quarter versus EPS of $0.35 in the year-earlier quarter. Revenue Rose 9.34% to $1.44 billion from the year-earlier quarter.

Targa Resources Partners LP reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.16. It missed the average revenue estimate of $1.64 billion.

NGLS 20130803

PDC Energy (NASDAQ:PDCE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased 50% to $0.23 in the quarter versus EPS of $0.46 in the year-earlier quarter. Revenue Rose 14.38% to $121.3 million from the year-earlier quarter.

PDC Energy reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.26. It beat the average revenue estimate of $95.76 million.

PDCE 20130803

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