Cheniere Energy Partners, L.P. (NYSE:CQP) Expected to Post Quarterly Sales of $3.74 Billion

Equities research analysts expect Cheniere Energy Partners, L.P. (NYSE:CQP – Get Rating) to post $3.74 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Cheniere Energy Partners’ earnings. The highest sales estimate is $4.39 billion and the lowest is $3.04 billion. Cheniere Energy Partners reported sales of $1.89 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 97.9%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Cheniere Energy Partners will report full-year sales of $15.21 billion for the current financial year, with estimates ranging from $12.54 billion to $17.64 billion. For the next year, analysts expect that the firm will report sales of $13.02 billion, with estimates ranging from $10.82 billion to $14.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cheniere Energy Partners.

Separately, StockNews.com started coverage on Cheniere Energy Partners in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of CQP stock opened at $50.46 on Friday. The company has a debt-to-equity ratio of 23.92, a current ratio of 1.52 and a quick ratio of 1.51. The stock has a market capitalization of $24.42 billion, a PE ratio of 22.53 and a beta of 0.83. Cheniere Energy Partners has a one year low of $38.00 and a one year high of $61.91.

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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