Equities Analysts Set Expectations for CQP FY2024 Earnings

Cheniere Energy Partners (NYSE:CQP) – Stock analysts at US Capital Advisors lifted their FY2024 earnings per share (EPS) estimates for shares of Cheniere Energy Partners in a report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $4.31 per share for the year, up from their prior forecast 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 initiated 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 Stock Up 2.6 %

Shares of NYSE CQP opened at $57.04 on Wednesday. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 12.37 and a beta of 0.67. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released 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 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 analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.84 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.035 per share. The ex-dividend date was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.25%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp acquired a new stake in Cheniere Energy Partners during the third quarter worth approximately $416,000. Empowered Funds LLC boosted its holdings in shares of 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 buying an additional 1,043 shares in the last quarter. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $244,000. Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $146,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at $866,000. 46.55% of the stock is owned by institutional investors.

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.