Cheniere Energy Partners (NYSEAMERICAN:CQP) Releases Quarterly Earnings Results, Meets Expectations


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Cheniere Energy Partners (NYSEAMERICAN:CQP) announced its earnings results on Tuesday. The energy company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64, Briefing.com reports. Cheniere Energy Partners had a return on equity of 174.29% and a net margin of 20.10%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Cheniere Energy Partners’s revenue was up 14.3% compared to the same quarter last year.

Shares of CQP traded down $0.45 during midday trading on Tuesday, hitting $42.46. The stock had a trading volume of 5,672 shares, compared to its average volume of 207,868. The company has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $36.11. Cheniere Energy Partners has a twelve month low of $30.01 and a twelve month high of $44.63. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 17.56 and a beta of 1.10. The company has a debt-to-equity ratio of 36.76, a current ratio of 2.45 and a quick ratio of 2.31.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, May 6th will be paid a $0.66 dividend. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, May 5th. This represents a $2.64 annualized dividend and a dividend yield of 6.22%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 116.44%.

Several equities research analysts have recently commented on the company. Scotiabank downgraded Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating in a report on Monday, February 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $44.00 price target on shares of Cheniere Energy Partners in a research report on Thursday, March 18th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.93.

In related news, major shareholder Gso Holdings I. Llc sold 2,370,632 shares of Cheniere Energy Partners stock in a transaction dated Wednesday, March 24th. The stock was sold at an average price of $37.00, for a total value of $87,713,384.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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Earnings History for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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