Exterran Partners Earnings: Here’s Why the Stock is Falling Now

Exterran Partners, L.P. (NASDAQ:EXLP) 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 down 0.26%.

Exterran Partners, L.P. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 188.89% to $0.52 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 29.16% to $125.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Exterran Partners, L.P. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $118.15 million.

Quoting Management: “Second-quarter 2013 highlights included a record quarterly level of distributable cash flow. Our results benefitted from the compression assets we acquired from Exterran Holdings on March 31, 2013, as well as the implementation of performance improvement initiatives. In addition, a customer’s exercise of purchase options on two natural gas processing plants increased our EBITDA, as further adjusted, by $13.3 million and our distributable cash flow by $6.5 million,” said Brad Childers, Chairman, President and Chief Executive Officer of Exterran Partners’ managing general partner.

Key Stats (on next page)…

Revenue increased 18.33% from $106.06 million in the previous quarter. EPS increased 67.74% from $0.31 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 $0.29 to a profit $0.3. For the current year, the average estimate has moved up from a profit of $1.1 to a profit of $1.24 over the last ninety days.

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