$1.48 Billion in Sales Expected for Cheniere Energy Partners, LP (CQP) This Quarter

Brokerages predict that Cheniere Energy Partners, LP (NASDAQ:CQP) will post $1.48 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Cheniere Energy Partners’ earnings, with the highest sales estimate coming in at $1.52 billion and the lowest estimate coming in at $1.45 billion. Cheniere Energy Partners reported sales of $903.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 63.9%. The business is expected to announce its next quarterly earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that Cheniere Energy Partners will report full-year sales of $6.06 billion for the current year, with estimates ranging from $5.97 billion to $6.27 billion. For the next fiscal year, analysts expect that the business will post sales of $6.69 billion, with estimates ranging from $6.19 billion to $7.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Cheniere Energy Partners.

Cheniere Energy Partners (NASDAQ:CQP) last posted its earnings results on Thursday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion.

Separately, US Capital Advisors restated an “overweight” rating on shares of Cheniere Energy Partners in a research note on Tuesday, July 17th.

CQP opened at $33.06 on Tuesday. Cheniere Energy Partners has a 52-week low of $26.68 and a 52-week high of $40.56.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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