MarkWest Energy Partners Earnings: Here’s Why Investors Like These Results

MarkWest Energy Partners LP (NYSE:MWE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.07%.

MarkWest Energy Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 62.59% to $0.55 in the quarter versus EPS of $1.47 in the year-earlier quarter.

Revenue: Decreased 6.93% to $415.12 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MarkWest Energy Partners LP reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.22. It missed the average revenue estimate of $435.68 million.

Quoting Management: “Our full-service midstream model and commitment to delivering exceptional customer service continues to deliver record volumes and financial performance,” said Frank Semple, Chairman, President and Chief Executive Officer. “We are excited to announce new strategic opportunities and growth projects throughout our core operating areas, which continue to support the ongoing success of our producer customers.”

Key Stats (on next page)…

Revenue increased 10.42% from $375.95 million in the previous quarter. EPS increased 205.56% from $0.18 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 $0.34 to a profit $0.26. For the current year, the average estimate has moved down from a profit of $1.38 to a profit of $1.15 over the last ninety days.

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

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