Markwest Energy Partners Lp Earnings Preview: Get Ahead of the Analysts

Markwest Energy Partners Lp (NYSE:MWE) will report earnings after markets close on Wednesday, May 8th. MarkWest Energy Partners, LP, gathers and processes natural gas and transports, fractionates, and stores natural gas liquids (NYSE:NGLS). The Company processes gas from the Appalachian basin and from Michigan.

Here is your Cheat Sheet to Markwest Energy Partners Lp Earnings:

Earnings Expectations: Analysts expect earnings of $0.27 per share on revenues of $438.87 million. Currently, the company’s P/E ratio stands at 37.15.

Analyst Trends:

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 $0.32 to a profit $0.27. For the current year, the average estimate is a profit of $1.39, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Markwest Energy Partners Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,338 738.28 1,188 1,505 1,452
Diluted EPS ($) 4.02 -1.97 -0.01 0.75 1.69

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 333.91 350.47 446.05 283.74 371.51
Diluted EPS ($) -0.1566 0.14 1.47 -0.13 1.766

Past Performance:
Markwest Energy Partners Lp has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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