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

Cheniere Energy Partners (NYSE:CQP) released its 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. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.

Cheniere Energy Partners Stock Performance

CQP stock traded down $0.59 during trading on Friday, reaching $49.96. 195,991 shares of the stock were exchanged, compared to its average volume of 162,505. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34. The company has a market cap of $24.18 billion, a P/E ratio of 10.47 and a beta of 0.68.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed 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 currently 65.40%.

Wall Street Analysts Forecast Growth

Separately, Bank of America started coverage on shares of 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.

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.