Energy Partners Earnings: Here’s Why Investors are Excited Now

Energy Partners Ltd. (NYSE:EPL) 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. Shares are up 5.85%.

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Energy Partners Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 167.65% to $0.91 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Rose 84.51% to $182.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Energy Partners Ltd. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $164.87 million.

Quoting Management: Gary C. Hanna, the Company’s President and CEO, stated, “I am pleased with our execution so far during this transformational year. The integration of the Hilcorp acquisition is behind us and the properties are performing even better than we anticipated. Although the year is just underway, we are feeling comfortable that our 2013 annual oil production should come within the mid to upper end of our full year guidance range and significantly ramp up during the second half of this year.”

Key Stats (on next page)…

Revenue increased 31.25% from $138.9 million in the previous quarter. EPS increased 35.82% from $0.67 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.85 to a profit $0.94. For the current year, the average estimate has moved up from a profit of $3.35 to a profit of $3.74 over the last ninety days.

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