El Paso Pipeline Partners L.P. Earnings: Everything You Must Know Now

El Paso Pipeline Partners, L.P. (NYSE:EPB) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

El Paso Pipeline Partners, L.P. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 9.09% to $0.4 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Decreased 2.18% to $359 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: El Paso Pipeline Partners, L.P. reported adjusted EPS income of $0.4 per share. By that measure, the company missed the mean analyst estimate of $0.47. It missed the average revenue estimate of $389.59 million.

Quoting Management: Chairman and CEO Richard D. Kinder said, “EPB had a solid second quarter with total asset earnings before DD&A and certain items of $285 million, up 4 percent from $275 million for the same period last year. EPB’s results were driven by a full quarter contribution in 2013 from the drop down of Cheyenne Plains Pipeline from its general partner on May 24, 2012, along with an Elba Express expansion project coming online.”

Key Stats (on next page)…

Revenue decreased 6.99% from $386 million in the previous quarter. EPS decreased 33.33% from $0.60 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.51 and has not changed. For the current year, the average estimate has moved up from a profit of $2.11 to a profit of $2.16 over the last ninety days.

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