Cheniere Energy Partners, L.P. (NYSE:CQP) Expected to Announce Quarterly Sales of $3.14 Billion

Analysts predict that Cheniere Energy Partners, L.P. (NYSE:CQPGet Rating) will report sales of $3.14 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Cheniere Energy Partners’ earnings, with the lowest sales estimate coming in at $3.04 billion and the highest estimate coming in at $3.28 billion. Cheniere Energy Partners reported sales of $1.96 billion during the same quarter last year, which indicates a positive year over year growth rate of 60.2%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Cheniere Energy Partners will report full-year sales of $13.67 billion for the current year, with estimates ranging from $11.70 billion to $16.07 billion. For the next year, analysts forecast that the business will post sales of $12.76 billion, with estimates ranging from $10.56 billion to $14.29 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Cheniere Energy Partners.

Separately, started coverage on shares of Cheniere Energy Partners in a report on Thursday, March 31st. They set a “hold” rating for the company.

Cheniere Energy Partners stock traded down $1.87 during midday trading on Friday, reaching $53.76. The company had a trading volume of 178,176 shares, compared to its average volume of 156,769. The firm has a market capitalization of $26.02 billion, a PE ratio of 17.98 and a beta of 0.85. Cheniere Energy Partners has a 12-month low of $38.00 and a 12-month high of $61.91. The company has a current ratio of 1.64, a quick ratio of 1.51 and a debt-to-equity ratio of 23.92.

About Cheniere Energy Partners (Get Rating)

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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