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

Cheniere Energy Partners (NYSE:CQP) released its earnings results on Thursday. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08), Zacks reports. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP opened at $49.84 on Friday. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $62.34. The firm has a market cap of $24.12 billion, a PE ratio of 10.76 and a beta of 0.68.

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Analyst Upgrades and Downgrades

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