Zacks Research Has Bullish Outlook for CQP FY2024 Earnings

Cheniere Energy Partners (NYSE:CQP) – Investment analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Cheniere Energy Partners in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the company will earn $4.22 per share for the year, up from their prior forecast of $4.18. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Cheniere Energy Partners’ FY2026 earnings at $3.94 EPS.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS.

Separately, Bank of America started coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company.

Cheniere Energy Partners Stock Up 2.7 %

CQP stock opened at $55.76 on Monday. The firm has a market cap of $26.99 billion, a PE ratio of 12.03 and a beta of 0.67. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $62.34.

Cheniere Energy Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a yield of 0.25%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Institutional Trading of Cheniere Energy Partners

A number of institutional investors have recently added to or reduced their stakes in CQP. Van ECK Associates Corp purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $416,000. Empowered Funds LLC lifted its holdings in Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,043 shares in the last quarter. BIP Wealth LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $244,000. Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $146,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $866,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.