Vanguard Natural Resources LLC Earnings: Here’s Why Shares are Up Now

Vanguard Natural Resources, LLC (NYSE:VNR) delivered a profit 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 up 0.29%.

Vanguard Natural Resources, LLC Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 64.47% to $0.27 in the quarter versus EPS of $0.76 in the year-earlier quarter.

Revenue: Rose 292.26% to $86.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vanguard Natural Resources, LLC reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.34. It missed the average revenue estimate of $97.9 million.

Quoting Management: Mr. Scott W. Smith, President and CEO, commented, “We had a very busy year in 2012 as we closed almost $800 million in acquisitions and expanded our operating presence into new areas upon which we can continue to build in the future. In addition, with the announcement of the Range Permian acquisition, we are well on our way to having a successful 2013 on the acquisition front. Deal flow continues to be encouraging and with the liquidity we generated through our recent bond and equity offerings we have ample financial resources to be opportunistic. We are also proud that we delivered another year of increased distributions per unit to our unitholders and look forward to continuing this trend as we focus on growing the Company on their behalf.”

Key Stats (on next page)…