Cheniere Energy Partners (NYSE:CQP – Get Free Report) issued its earnings results on Friday. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21, Briefing.com reports. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $1.90 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The business’s revenue was down 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 earnings per share.
Cheniere Energy Partners Stock Up 1.2 %
NYSE CQP traded up $0.59 on Friday, hitting $50.75. The stock had a trading volume of 192,156 shares, compared to its average volume of 211,548. The business has a 50-day moving average of $48.77. Cheniere Energy Partners has a 52-week low of $43.42 and a 52-week high of $62.34. The company has a market capitalization of $24.57 billion, a P/E ratio of 7.30 and a beta of 0.68.
Cheniere Energy Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be paid a dividend of $0.775 per share. The ex-dividend date is Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.11%. Cheniere Energy Partners’s dividend payout ratio is currently 44.60%.
Analyst Upgrades and Downgrades
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.
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