Crestwood Midstream Partners L Earnings: What Investors Should Watch

Crestwood Midstream Partners L (NYSE:CMLP) will report earnings before markets open on Tuesday, May 7th. Crestwood Midstream Partners LP gathers and processes natural gas produced from the Barnett Shale formation of the Fort Worth Basin located in north Texas.

Here is your Cheat Sheet to Crestwood Midstream Partners L Earnings:

Earnings Expectations: Analysts expect earnings of $0.12 per share on revenues of $77.51 million. Currently, the company’s P/E ratio stands at 63.77.

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 $0.3 to a profit $0.1. For the current year, the average estimate is a profit of $0.52, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Crestwood Midstream Partners L has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 76.08 95.88 113.59 205.82 213.96
Diluted EPS ($) 0.96 1.18 1.03 1.00 0.37

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 ($) in millions 59.29 53.73 48.20 55.04 56.99
Diluted EPS ($) 1.375 0.15 0.06 0.15 0.6696

Past Performance:
Crestwood Midstream Partners L has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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