US Capital Advisors Has Positive View of CQP FY2024 Earnings

Cheniere Energy Partners (NYSE:CQP) – Research analysts at US Capital Advisors boosted their FY2024 earnings per share estimates for Cheniere Energy Partners in a report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $4.31 for the year, up from their prior 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.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the business earned $0.84 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis.

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

Cheniere Energy Partners Price Performance

NYSE CQP opened at $57.26 on Wednesday. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34. The company has a market capitalization of $27.72 billion, a PE ratio of 12.37 and a beta of 0.67.

Hedge Funds Weigh In On Cheniere Energy Partners

Several hedge funds and other institutional investors have recently bought and sold shares of CQP. Van ECK Associates Corp acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $416,000. Empowered Funds LLC raised its holdings in shares of Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,043 shares during the last quarter. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $244,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $146,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $866,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 annualized dividend and a dividend yield of 0.24%. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

About Cheniere Energy Partners

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.