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

PVR 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 down 4.49%.

PVR Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.21 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 22.7% to $273.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: PVR LP reported adjusted EPS loss of $0.21 per share. By that measure, the company missed the mean analyst estimate of $0.13. It missed the average revenue estimate of $280.62 million.

Quoting Management: “Our second quarter results were consistent with our first quarter performance, and significantly ahead of last year’s second quarter results,” said Bill Shea, President and CEO of PVR’s general partner. “However, results for the second quarter were below our expectations primarily due to producers delaying well connections in our Eastern Midstream operations. Some wells originally scheduled for connection in the second quarter have been delayed until later this year resulting in lower second quarter throughput volumes. These delays have negatively impacted our 2013 revenue projections and we have adjusted our 2013 guidance to reflect the financial impact on our full year results.”

Key Stats (on next page)…

Revenue increased 3.83% from $263.41 million in the previous quarter. EPS decreased to $-0.21 in the quarter versus EPS of $0.08 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 $0.22 to a profit $0.21. For the current year, the average estimate has moved down from a profit of $0.69 to a profit of $0.65 over the last ninety days.

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