Zacks Research Issues Pessimistic Estimate for CQP Earnings

Cheniere Energy Partners (NYSE:CQP) – Investment analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for Cheniere Energy Partners in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.01 for the quarter, down from their prior forecast 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.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results 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 firm had revenue of $2.06 billion during 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 firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share.

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

Cheniere Energy Partners Price Performance

CQP stock opened at $53.94 on Friday. The company has a market capitalization of $26.11 billion, a PE ratio of 11.65 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Institutional Trading of Cheniere Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of CQP. Van ECK Associates Corp purchased a new position in Cheniere Energy Partners during the third quarter worth $416,000. BIP Wealth LLC purchased a new position in shares of Cheniere Energy Partners during the third quarter valued at approximately $244,000. Empowered Funds LLC grew its stake in 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 period. M&T Bank Corp acquired a new position in Cheniere Energy Partners in the 3rd quarter valued at $587,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter worth $1,286,000. 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.