Zacks Research Has Pessimistic Outlook of CQP Q4 Earnings

Cheniere Energy Partners (NYSE:CQP) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings estimates for Cheniere Energy Partners in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.01 for the quarter, down from their previous estimate of $1.13. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Cheniere Energy Partners’ Q1 2025 earnings at $0.99 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $3.94 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $0.96 EPS and Q3 2026 earnings at $0.97 EPS.

Separately, Bank of America assumed coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective on the stock.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $54.78 on Friday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34. The firm has a market capitalization of $26.52 billion, a PE ratio of 11.81 and a beta of 0.67.

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

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Kovitz Investment Group Partners LLC acquired a new stake in Cheniere Energy Partners in the third quarter worth about $1,286,000. Rockefeller Capital Management L.P. bought a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $866,000. M&T Bank Corp acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $587,000. Van ECK Associates Corp bought a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $416,000. Finally, Fred Alger Management LLC lifted its holdings in Cheniere Energy Partners by 12.7% in the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the period. 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.