Penn Virginia Resource Partners LP Earnings:Here’s Why Investors are Excited Now

Penn Virginia Resource Partners LP (NYSE:PVR) had a loss and missed Wall Street’s expectations, AND 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 6.78%.

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Penn Virginia Resource Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.17 in the quarter versus EPS of $0.20 in the year-earlier quarter.

Revenue: Rose 6.89% to $263.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Penn Virginia Resource Partners LP reported adjusted EPS loss of $0.17 per share. By that measure, the company missed the mean analyst estimate of $0.05. It missed the average revenue estimate of $294.96 million.

Quoting Management: “We were pleased with our overall results for the first quarter, particularly with the continuing growth of our Eastern midstream business. Our Eastern Midstream Segment results reflected the impact of our acquisition of Chief Gathering and the continuing build-out of our growth projects in the Marcellus,” said Bill Shea, President and CEO of PVR’s general partner.

Key Stats (on next page)…

Revenue decreased 2.29% from $269.58 million in the previous quarter. EPS decreased to $-0.17 in the quarter versus EPS of $0.00 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 $0.46 to a profit $0.15. For the current year, the average estimate has moved down from a profit of $1.37 to a profit of $0.68 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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