Cheniere Energy Partners, LP (AMEX:CQP) is expected to report third quarter earnings results, before market open, on Friday 6th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.33 per share.
Looking ahead, the full year income are expected at $ 2.35 per share on the revenues of $ 6164.33 million.
Previous Quarter Performance
Cheniere Energy Partners, LP reported income for the second quarter of $ 0.56 per share, from the revenue of $ 1,733.00 million. The quarterly earnings raised 27.27 percent while revenues expanded 1.64 percent compared with the same quarter last year.
Wall street analysts are predicting, CQP to report 2Q20 income of $ 0.64 per share from revenue of $ 1659.99 million. The bottom line results missed street analysts by $ 0.08 or 12.5 percent, at the same time, top line results outshined analysts by $ 73.01 million or 4.40 percent.
Stock Performance
Shares of Cheniere Energy Partners, LP traded up $ 1.43 or 3.98 percent on Thursday, reaching $ 37.39 with volume of 147.50 thousand shares. Cheniere Energy Partners, LP has traded high as $ 37.39 and has cracked $ 36.39 on the downward trend
According to the previous trading day, closing price of $ 37.39, representing a 102.59 % increase from the 52 week low of $ 17.75 and a 16.78 % decrease over the 52 week high of $ 43.21.
The company has a market capital of $ 18.10 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The companys 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. It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines.
