Cheniere Partners Misses Earnings and Revenue Estimates in Q3

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Cheniere Energy Partners, L.P. CQP recorded third-quarter 2024 earnings per unit of 84 cents, which missed the Zacks Consensus Estimate of 92 cents. The bottom line increased from 60 cents in the year...

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The bottom line increased from 60 cents in the year...</p>\n\n<a href=\"https://finance.yahoo.com/news/cheniere-partners-misses-earnings-revenue-171500958.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheniere Partners Misses Earnings and Revenue Estimates in Q3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheniere Partners Misses Earnings and Revenue Estimates in Q3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 01:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cheniere-partners-misses-earnings-revenue-171500958.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cheniere Energy Partners, L.P. CQP recorded third-quarter 2024 earnings per unit of 84 cents, which missed the Zacks Consensus Estimate of 92 cents. The bottom line increased from 60 cents in the year...</p>\n\n<a href=\"https://finance.yahoo.com/news/cheniere-partners-misses-earnings-revenue-171500958.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WMB","symbol_name":"威廉姆斯","start_time":0,"source_url":"https://finance.yahoo.com/news/cheniere-partners-misses-earnings-revenue-171500958.html","article_id":"2481147530","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ByKSc.S9mF5K3Tt9siAzIg--~B/aD0zNjA7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5ffeb83ada09c44e2b9fdba5353a4fa9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481147530","pubTimestamp":1730740500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cheniere Energy Partners, L.P.CQP recorded third-quarter 2024 earnings per unit of 84 cents, which missed the Zacks Consensus Estimate of 92 cents. The bottom line increased from 60 cents in the year-ago quarter.Total quarterly revenues of $2.06 billion were lower than the year-ago quarter’s $2.13 billion. The top line also lagged the Zacks Consensus Estimate of $2.09 billion.Lower-than-expected quarterly earnings resulted from a higher cost of sales and a lower gross margin per MMBtu for delivered LNG. The negatives were partially offset byhigher LNG volumes loaded.Cheniere Energy Partners, L.P. Price, Consensus and EPS Surprise. Cheniere Energy Partners, L.P. price-consensus-eps-surprise-chart | Cheniere Energy Partners, L.P. Quote. Cheniere Partners sent 104 cargoes in the third quarter, up 4% from 100 in the year-ago period. The reported figure also beat our estimate of 103.The Zacks Consensus Estimate for WMB’s 2024 EPS is pegged at $1.75. The company has witnessed upward earnings","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WMB":"威廉姆斯","LNG":"Cheniere Energy Inc","CQP":"Cheniere Energy Partners L.P.","AROC":"Archrock, Inc"},"translate_title":"Cheniere Partners第三季度盈利和收入未达到预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LNG":1,"AROC":0.9,"CQP":0.9,"WMB":0.9},"content_text":"Cheniere Energy Partners, L.P. CQP recorded third-quarter 2024 earnings per unit of 84 cents, which missed the Zacks Consensus Estimate of 92 cents. The bottom line increased from 60 cents in the year-ago quarter.\nTotal quarterly revenues of $2.06 billion were lower than the year-ago quarter’s $2.13 billion. The top line also lagged the Zacks Consensus Estimate of $2.09 billion.\nLower-than-expected quarterly earnings resulted from a higher cost of sales and a lower gross margin per MMBtu for delivered LNG. The negatives were partially offset by higher LNG volumes loaded.\n\nCheniere Energy Partners, L.P. Price, Consensus and EPS Surprise\n\nCheniere Energy Partners, L.P. price-consensus-eps-surprise-chart | Cheniere Energy Partners, L.P. Quote\n\nOperations\nCheniere Partners sent 104 cargoes in the third quarter, up 4% from 100 in the year-ago period. The reported figure also beat our estimate of 103.\nThe total LNG volume in the quarter was 377 trillion British thermal units (TBtu), higher than the year-ago level of 359 TBtu and beating our estimate of 375 TBtu.\nAdjusted EBITDA totaled $852 million, up 7% from the year-ago quarter’s $793 million. However, the figure missed our estimate of $922 million. The increase was primarily driven by higher volumes delivered, partially offset by a lower gross margin per MMBtu of delivered LNG from the prior-year level.\nCosts & Expenses\nThe cost of sales in the quarter amounted to $773 million, up from the year-ago period’s $682 million. The figure surpassed our estimate of $681 million. Yet, operating and maintenance expenses decreased to $200 million from $211 million in the third quarter of 2023 and missed our estimate of $214.3 million.\nTotal operating costs and expenses were $1.2 billion, up from $1.1 billion in the September-end quarter of 2023. The figure surpassed our estimate of $1.15 billion.\nBalance Sheet\nAs of Sept. 30, 2024, the partnership had $331 million in cash and cash equivalents, and a net long-term debt of $14.8 billion.\nOutlook\nThe partnership reiterated its 2024 distribution guidance. It expects to distribute between $3.15 and $3.35 per common unit, with a base distribution of $3.10.\nZacks Rank & Stocks to Consider\nCheniere Partners currently carries a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector may look at some better-ranked stocks that currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Williams Companies, Inc. WMB is a premier energy infrastructure provider in North America. The company’s core operations include finding, producing, gathering, processing and transporting natural gas and natural gas liquids. Boasting a widespread pipeline system of more than 33,000 miles, Williams is one of the largest domestic transporters of natural gas by volume.\nThe Zacks Consensus Estimate for WMB’s 2024 EPS is pegged at $1.75. The company has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.\nArchrock Inc. AROC is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.\nThe Zacks Consensus Estimate for AROC’s 2024 EPS is pegged at $1.10. The company has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.\nKodiak Gas Services Inc. KGS primarily operates contract compression infrastructure within the United States. The company specializes in managing high-horsepower compression units.\nThe Zacks Consensus Estimate for KGS’s 2024 EPS is pegged at 99 cents. The company has a Zacks Style Score of B for Value and Growth.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWilliams Companies, Inc. (The) (WMB) : Free Stock Analysis Report\nCheniere Energy Partners, L.P. (CQP) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nKodiak Gas Services, Inc. (KGS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481147530"}