QEP Midstream Partners LP (FRA:1QM) Gross Margin % : 82.86% (As of Mar. 2015)

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What is QEP Midstream Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. QEP Midstream Partners LP's Gross Profit for the three months ended in Mar. 2015 was €26.8 Mil. QEP Midstream Partners LP's Revenue for the three months ended in Mar. 2015 was €32.3 Mil. Therefore, QEP Midstream Partners LP's Gross Margin % for the quarter that ended in Mar. 2015 was 82.86%.

The historical rank and industry rank for QEP Midstream Partners LP's Gross Margin % or its related term are showing as below:

FRA:1QM' s Gross Margin % Range Over the Past 10 Years
Min: 79.63 Med: 80.84 Max: 82.23
Current: 81.05

During the past 4 years, the highest Gross Margin % of QEP Midstream Partners LP was 82.23%. The lowest was 79.63%. And the median was 80.84%.

FRA:1QM's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.905 vs FRA:1QM: 81.05

QEP Midstream Partners LP had a gross margin of 82.86% for the quarter that ended in Mar. 2015 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for QEP Midstream Partners LP was 0.00% per year.

QEP Midstream Partners LP Gross Margin % Historical Data

The historical data trend for QEP Midstream Partners LP's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

QEP Midstream Partners LP Gross Margin % Chart

QEP Midstream Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Gross Margin %

82.23

81.57

79.63

80.11

QEP Midstream Partners LP Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Gross Margin %	Get a 7-Day Free Trial									80.65	82.12	79.79	79.28	82.86

Competitive Comparison of QEP Midstream Partners LP's Gross Margin %

For the Oil & Gas Midstream subindustry, QEP Midstream Partners LP's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

QEP Midstream Partners LP's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, QEP Midstream Partners LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where QEP Midstream Partners LP's Gross Margin % falls into.

QEP Midstream Partners LP Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

QEP Midstream Partners LP's Gross Margin for the fiscal year that ended in Dec. 2014 is calculated as

Gross Margin % (A: Dec. 2014 )	=	Gross Profit (A: Dec. 2014 )	/	Revenue (A: Dec. 2014 )
	=	80	/	99.915
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(99.915 - 19.869)	/	99.915
	=	80.11 %

QEP Midstream Partners LP's Gross Margin for the quarter that ended in Mar. 2015 is calculated as

Gross Margin % (Q: Mar. 2015 )	=	Gross Profit (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	26.8	/	32.34
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(32.34 - 5.544)	/	32.34
	=	82.86 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

QEP Midstream Partners LP (FRA:1QM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

QEP Midstream Partners LP had a gross margin of 82.86% for the quarter that ended in Mar. 2015 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

QEP Midstream Partners LP Gross Margin % Related Terms

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QEP Midstream Partners LP (FRA:1QM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.qepm.com

QEP Midstream Partners LP provides gathering, compression and transportation services to producers and users of natural gas and crude oil. Its assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines. Its assets are located in the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. The company derives revenues from the fee-based agreements.

QEP Midstream Partners LP (FRA:1QM) Headlines

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