What is Zacks Research’s Forecast for CQP FY2024 Earnings?

Cheniere Energy Partners (NYSE:CQP) – Zacks Research upped their FY2024 EPS estimates for Cheniere Energy Partners in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $4.22 per share for the year, up from their previous estimate of $4.18. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Cheniere Energy Partners’ FY2026 earnings at $3.94 EPS.

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

Cheniere Energy Partners Stock Performance

CQP opened at $54.50 on Monday. The stock has a market cap of $26.38 billion, a PE ratio of 11.73 and a beta of 0.67. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners in the 3rd quarter worth approximately $116,000. Larson Financial Group LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at $146,000. BIP Wealth LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at $244,000. Van ECK Associates Corp purchased a new stake in Cheniere Energy Partners in the third quarter valued at $416,000. Finally, Blankinship & Foster LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth about $424,000. Institutional investors and hedge funds own 46.55% of the company’s 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.