Cheniere Energy Partners (NYSE:CQP) Announces Earnings Results

Cheniere Energy Partners (NYSE:CQP) announced its earnings results on Thursday. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08), Zacks reports. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. 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 earned $0.84 earnings per share.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded down $0.59 during trading hours on Friday, reaching $49.96. The company had a trading volume of 195,991 shares, compared to its average volume of 162,505. The firm has a market capitalization of $24.18 billion, a P/E ratio of 10.47 and a beta of 0.68. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $62.34.

Cheniere Energy Partners Dividend Announcement

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

Analyst Ratings Changes

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

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.