Inergy L.p.: Here’s What Investors Need to Know Before Earnings

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Inergy L.p. (NYSE:NRGY) will report earnings before markets open on Tuesday, May 7th. Inergy, L.P. is an energy infrastructure and distribution company. Inergy operates a retail and wholesale propane supply, marketing and distribution business. The Company also operates a midstream business that includes a natural gas storage business, a liquefied petroleum gas storage business, a natural gas liquids business and a solution-mining and salt production company.

Here is your Cheat Sheet to Inergy L.p. Earnings:

Earnings Expectations: Analysts expect earnings of $0.05 per share on revenues of $382.15 million. Currently, the company’s P/E ratio stands at 5.26.

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 $0.07 to a profit $0.05. For the current year, the average estimate is a profit of $0.21, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Inergy L.p. has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,879 1,571 1,786 2,154 2,007
Diluted EPS ($) 0.57 1.21 1.29 0.15 4.22

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 ($) in millions 668.60 662.40 371.60 304.20 438.60
Diluted EPS ($) -0.03 0.31 -0.17 4.101 0.01

Past Performance:
Inergy L.p. has beat analyst estimates 2 times 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)

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