Cheniere Energy Partners (NYSE:CQP – Get Free Report) released its quarterly earnings data on Friday. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21, Briefing.com reports. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The firm’s revenue for the quarter was down 21.3% compared to the same quarter last year.
Cheniere Energy Partners Stock Up 1.2 %
Cheniere Energy Partners stock traded up $0.59 during mid-day trading on Friday, reaching $50.75. 192,156 shares of the company traded hands, compared to its average volume of 211,548. The company has a fifty day moving average price of $48.77. The firm has a market capitalization of $24.57 billion, a P/E ratio of 7.30 and a beta of 0.68. Cheniere Energy Partners has a fifty-two week low of $43.42 and a fifty-two week high of $62.34.
Cheniere Energy Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 44.60%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on CQP
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.
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