Anadarko Petroleum Goes Negative

Anadarko Petroleum (NYSE: APC  ) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Anadarko Petroleum met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share dropped to a loss.

Gross margins expanded, operating margins dropped, and net margins dropped.

Revenue details
Anadarko Petroleum logged revenue of $3.20 billion. The 15 analysts polled by S&P Capital IQ wanted to see revenue of $3.24 billion. Sales were 46% higher than the prior-year quarter's $2.55 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.66. The 27 earnings estimates compiled by S&P Capital IQ predicted $0.67 per share on the same basis. GAAP EPS were -$0.72 for Q3 compared to $0.22 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 81.2%, 390 basis points better than the prior-year quarter. Operating margin was -7.5%, 980 basis points worse than the prior-year quarter. Net margin was -9.3%, 1,350 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.29 billion. On the bottom line, the average EPS estimate is $0.62.

Next year's average estimate for revenue is $13.29 billion. The average EPS estimate is $3.11.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,426 members rating the stock outperform and 53 members rating it underperform. Among 374 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 367 give Anadarko Petroleum a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Anadarko Petroleum is outperform, with an average price target of $99.10.

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