FY2024 EPS Estimates for CQP Raised by US Capital Advisors

Cheniere Energy Partners (NYSE:CQP) – Equities research analysts at US Capital Advisors increased their FY2024 earnings per share (EPS) estimates for Cheniere Energy Partners in a research note issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $4.31 per share for the year, up from their previous 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.

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

Cheniere Energy Partners Stock Up 2.7 %

Cheniere Energy Partners stock opened at $55.76 on Wednesday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34. The company has a market capitalization of $26.99 billion, a PE ratio of 12.04 and a beta of 0.67.

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). The business 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%. Cheniere Energy Partners’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share.

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s payout ratio is 66.95%.

Hedge Funds Weigh In On Cheniere Energy Partners

Large investors have recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners during the third quarter worth $116,000. Larson Financial Group LLC acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth about $146,000. BIP Wealth LLC bought a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $244,000. Van ECK Associates Corp bought a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $416,000. Finally, Blankinship & Foster LLC acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $424,000. Institutional investors and hedge funds 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.