Zacks Research Analysts Cut Earnings Estimates for CQP

Cheniere Energy Partners (NYSE:CQP) – Equities researchers at Zacks Research dropped their Q4 2024 earnings per share estimates for Cheniere Energy Partners in a research note issued 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 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.

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

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

Cheniere Energy Partners Trading Up 1.2 %

NYSE:CQP opened at $53.94 on Friday. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $62.34. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 11.65 and a beta of 0.67.

Hedge Funds Weigh In On Cheniere Energy Partners

Several hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC increased its position in shares of Cheniere Energy Partners by 12.7% during the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock worth $2,580,000 after acquiring an additional 5,969 shares during the period. Empowered Funds LLC increased its holdings in Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,043 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at about $1,286,000. Montchanin Asset Management LLC boosted its stake in shares of Cheniere Energy Partners by 2.6% in the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock valued at $951,000 after buying an additional 500 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $866,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Announces Dividend

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