Cheniere (LNG) Q4 Earnings Decline Y/Y, Sales Beat Estimates [Yahoo! Finance]
Cheniere Energy Partners, LP Common Units (CQP)
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Source: Yahoo! Finance
This outperformance can be primarily attributed to a year-over-year decrease in costs and expenses. The bottom line, however, deteriorated from the year-ago quarter's level of $15.78. Revenues totaled $4.8 billion, which beat the Zacks Consensus Estimate of $4.5 billion. This can be attributed to the year-over-year increase in cargo shipped and a surge in volumes. However, the top line decreased 46.9% from the year-ago quarter's level of $9.1 billion. This can be attributed to the year-over-year reduction in liquid natural gas and Regasification sales. Cheniere reported adjusted EBITDA of $1.66 billion in the fourth quarter, down 45.2% from that recorded a year ago. This can be attributed to a reduction in the total profit margins per MMBtu of LNG transported, driven by lower global gas prices and a decrease in total sales volumes to short-term markets. Additionally, the decrease was somewhat influenced by lower revenues from regasification. Distributable cash flow (DCF) came in
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CQP
News
- Cheniere Energy Partners, L.P. (NYSE: CQP) had its price target lowered by analysts at UBS Group AG from $53.00 to $50.00. They now have a "neutral" rating on the stock.MarketBeat
- Best Income Stocks to Buy for April 23rd [Yahoo! Finance]Yahoo! Finance
- Cheniere Energy Partners, L.P. (NYSE: CQP) had its price target lowered by analysts at Barclays PLC from $51.00 to $45.00. They now have an "underweight" rating on the stock.MarketBeat
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Cheniere Energy Partners, L.P. 2023 Annual Report [Yahoo! Finance]Yahoo! Finance
CQP
Earnings
- 2/22/24 - Beat
CQP
Sec Filings
- 4/10/24 - Form 3
- 4/5/24 - Form 3
- 4/2/24 - Form 8-K
- CQP's page on the SEC website