Cheniere Energy Partners, L.P. to Post Q2 2024 Earnings of $0.80 Per Share, Zacks Research Forecasts (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP) – Equities research analysts at Zacks Research raised their Q2 2024 earnings per share estimates for Cheniere Energy Partners in a report released on Wednesday, June 19th. Zacks Research analyst R. Department now anticipates that the company will earn $0.80 per share for the quarter, up from their prior estimate of $0.70. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.61 per share. Zacks Research also issued estimates for Cheniere Energy Partners’ Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.24 EPS and Q1 2026 earnings at $0.90 EPS.

Other research analysts have also recently issued reports about the company. Barclays cut their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. UBS Group cut their price objective on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.00.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $47.62 on Monday. The company has a market capitalization of $23.05 billion, a PE ratio of 10.29 and a beta of 0.67. Cheniere Energy Partners has a one year low of $45.30 and a one year high of $62.34. The business has a fifty day moving average price of $48.51.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Friday, May 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $1.90 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. Cheniere Energy Partners’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter last year, the company posted $3.50 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its holdings in shares of Cheniere Energy Partners by 13.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after purchasing an additional 802,824 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cheniere Energy Partners by 15.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock worth $110,119,000 after purchasing an additional 298,335 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock worth $21,232,000 after purchasing an additional 246,808 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Cheniere Energy Partners by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after purchasing an additional 167,567 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth $5,794,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Wednesday, May 8th. Cheniere Energy Partners’s dividend 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.