Western Gas Partners Lp (NYSE:WES) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Western Gas Partners Lp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24.24% to $0.41 in the quarter versus EPS of $0.33 in the year-earlier quarter.
Revenue: Rose 24.23% to $255.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Western Gas Partners Lp reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $252.46 million.
Quoting Management: “Our second quarter fully met our expectations,” said President and Chief Executive Officer, Don Sinclair. “With strong sequential throughput growth in our liquids-rich areas, as well as the Marcellus, the start-up of our Brasada plant in June, and the commencement of our recently-announced capital projects, 2013 is shaping up to be a very exciting year. We continue to maintain the full-year 2013 EBITDA guidance that we released in February, while we will be revising the total capital expenditure guidance to reflect the new projects.”
Key Stats (on next page)…
EPS increased 32.26% from $0.31 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.42 to a profit $0.44. For the current year, the average estimate has moved down from a profit of $1.54 to a profit of $1.51 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)