Sunoco Logistics Partners (NYSE: SXL) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Sunoco Logistics Partners met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share increased significantly.

Margins expanded across the board.

Revenue details
Sunoco Logistics Partners logged revenue of $3.51 billion. The seven analysts polled by S&P Capital IQ looked for revenue of $3.53 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.09. The nine earnings estimates compiled by S&P Capital IQ forecast $0.81 per share. GAAP EPS of $1.09 for Q1 were 42% higher than the prior-year quarter's $0.77 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7.5%, 230 basis points better than the prior-year quarter. Operating margin was 4.7%, 100 basis points better than the prior-year quarter. Net margin was 4.0%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.44 billion. On the bottom line, the average EPS estimate is $0.82.

Next year's average estimate for revenue is $13.85 billion. The average EPS estimate is $3.43.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 186 members out of 197 rating the stock outperform, and 11 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Sunoco Logistics Partners a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sunoco Logistics Partners is outperform, with an average price target of $64.85.

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