Spectra Energy Partners Earnings Preview: Can This Streak Continue?

Spectra Energy Partners (NYSE:SEP) will report earnings before markets open on Friday, May 3rd. Spectra Energy Partners LP owns and operates natural gas transportation and storage assets. The Company owns interstate natural gas pipeline systems located in the southeastern United States and natural gas storage facilities in Texas and Louisiana.

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

Earnings Expectations: Analysts expect earnings of $0.42 per share on revenues of $60.33 million. Currently, the company’s P/E ratio stands at 22.36.

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 $0.42 to a profit $0.39. For the current year, the average estimate is a profit of $1.66, which is worse than the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 124.90 178.90 197.70 205.00 236.80
Diluted EPS ($) 1.40 1.71 1.70 1.63 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 ($) in millions 57.90 61.90 58.70 57.20 59.00
Diluted EPS ($) 2.160 0.48 0.42 0.40 2.326

Past Performance:
Spectra Energy Partners Lp has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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