FY2024 EPS Estimates for CQP Boosted by US Capital Advisors

Cheniere Energy Partners (NYSE:CQP) – Analysts at US Capital Advisors raised their FY2024 earnings estimates for Cheniere Energy Partners in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $4.31 per share for the year, up from their previous estimate of $4.16. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.25 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $1.06 EPS and FY2025 earnings at $3.93 EPS.

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

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $57.04 on Wednesday. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 12.37 and a beta of 0.67. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Blankinship & Foster LLC bought a new position in shares of Cheniere Energy Partners in the third quarter worth $424,000. M&T Bank Corp acquired a new stake in Cheniere Energy Partners during the third quarter worth about $587,000. Montchanin Asset Management LLC grew its stake in Cheniere Energy Partners by 2.6% during the third quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock worth $951,000 after buying an additional 500 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at about $1,286,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $116,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.25%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s payout ratio is 66.95%.

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.