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

Energy Partners Ltd. (NYSE:EPL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.33%.

Energy Partners Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 75% to $0.91 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Rose 85.45% to $184.1 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 missed the mean analyst estimate of $0.96. It beat the average revenue estimate of $180.24 million.

Quoting Management: Gary C. Hanna, the Company’s Chairman, President and CEO, stated, “We remain focused on achieving organic growth in terms of production, reserves, and inventory expansion from our high quality acreage. The integration of the Hilcorp acquisition is behind us and our total company assets are performing even better than we anticipated. We are raising our 2013 annual production, EBITDAX and capital budget guidance as we expect to ramp up oil production and maintain high activity levels throughout the remainder of this year. With our growing liquidity and continued free cash flow generation, we are squarely focused on executing our balanced acquire and exploit strategy

Key Stats (on next page)…

Revenue increased 0.96% from $182.35 million in the previous quarter. EPS increased 0% from $0.91 in the previous quarter.

Looking Forward: 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 profit of $1.03 to a profit $1.01. For the current year, the average estimate is a profit of $3.97, which is the same with that ninety days ago.

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