Cheniere Energy Partners (NYSE:CQP) Announces Earnings Results, Misses Estimates By $0.08 EPS

by · The Cerbat Gem

Cheniere Energy Partners (NYSE:CQP – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08), Zacks reports. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 292.75% and a net margin of 32.76%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS.

Cheniere Energy Partners Stock Performance

CQP traded down $0.59 on Friday, hitting $49.96. The company had a trading volume of 195,991 shares, compared to its average volume of 162,505. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34. The firm has a market cap of $24.18 billion, a P/E ratio of 10.47 and a beta of 0.68.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.14 annualized dividend and a dividend yield of 0.28%. Cheniere Energy Partners’s dividend payout ratio is 65.40%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Cheniere Energy Partners

About Cheniere Energy Partners

(Get Free Report)

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.

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