View ValuationCheniere Energy Partners 将来の成長Future 基準チェック /16Cheniere Energy Partners利益と収益がそれぞれ年間3.2%と2.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に138.4% 2.1%なると予測されています。主要情報3.2%収益成長率2.15%EPS成長率Oil and Gas 収益成長11.3%収益成長率2.3%将来の株主資本利益率138.36%アナリストカバレッジGood最終更新日11 May 2026今後の成長に関する最新情報Price Target Changed • Mar 27Price target increased by 7.4% to US$59.33Up from US$55.27, the current price target is an average from 15 analysts. New target price is 8.6% below last closing price of US$64.92. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of US$4.20 for next year compared to US$5.17 last year.Major Estimate Revision • Aug 15Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.17b to US$9.00b. EPS estimate rose from US$4.02 to US$4.55. Net income forecast to grow 2.8% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$49.57. Share price was steady at US$48.64 over the past week.Major Estimate Revision • Feb 29Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.69b to US$9.23b. EPS estimate rose from US$3.32 to US$3.94. Net income forecast to shrink 39% next year vs 0.3% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$50.36. Share price fell 5.0% to US$48.62 over the past week.Major Estimate Revision • Nov 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$9.87b to US$9.60b. EPS estimate rose from US$5.81 to US$6.43. Net income forecast to shrink 48% next year vs 4.3% growth forecast for Oil and Gas industry in the US . Consensus price target of US$49.92 unchanged from last update. Share price was steady at US$57.33 over the past week.Major Estimate Revision • Aug 10Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$10.5b to US$10.0b. EPS estimate also fell from US$6.26 per share to US$5.58 per share. Net income forecast to shrink 24% next year vs 17% decline forecast for Oil and Gas industry in the US. Consensus price target of US$49.50 unchanged from last update. Share price fell 4.1% to US$49.45 over the past week.Major Estimate Revision • May 09Consensus EPS estimates increase by 41%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$11.1b to US$10.5b. EPS estimate rose from US$4.15 to US$5.87. Net income forecast to shrink 1.3% next year vs 20% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.00. Share price was steady at US$45.00 over the past week.すべての更新を表示Recent updatesライブニュース • 15hCheniere Energy Partners Prices US$1.75b Senior Notes to Support Debt and ProjectsCheniere Energy Partners priced US$1 billion in Senior Notes due 2036 and US$750 million in Senior Notes due 2056. The partnership plans to use the proceeds for general purposes, including repayment, refinancing or redemption of existing debt, capital expenditures, and other business opportunities. The notes are being offered in a private placement and are not registered under the Securities Act of 1933. This new long-dated debt financing provides the partnership with additional flexibility to manage its capital structure and fund ongoing projects without relying solely on shorter-term borrowings. Investors may want to monitor the interest costs and covenants on these notes, as they influence the cash flow available for distributions.Reported Earnings • May 11First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$0.38 (down from US$1.09 in 1Q 2025). Revenue: US$3.60b (up 20% from 1Q 2025). Net income: US$186.0m (down 65% from 1Q 2025). Profit margin: 5.2% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • May 09Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for the Full Year 2026Cheniere Energy Partners, L.P. reconfirmed Distribution guidance for the full year 2026. For the year, company expected distribution guidance of $3.10 to $3.40 per common unit, maintaining a base distribution of $3.10 per common unit.Declared Dividend • Apr 30Fourth quarter dividend of US$0.79 announcedShareholders will receive a dividend of US$0.79. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 29% to increase the payout ratio to a potentially unsustainable range.お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on May 15, 2026Cheniere Energy Partners, L.P. declared a cash distribution of $0.790 per common unit to unitholders of record as of May 8, 2026, comprised of a base amount equal to $0.775 and a variable amount equal to $0.015, and the related distribution to its general partner. These distributions are payable on May 15, 2026.Price Target Changed • Mar 27Price target increased by 7.4% to US$59.33Up from US$55.27, the current price target is an average from 15 analysts. New target price is 8.6% below last closing price of US$64.92. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of US$4.20 for next year compared to US$5.17 last year.Reported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$6.17 (up from US$4.26 in FY 2024). Revenue: US$10.8b (up 24% from FY 2024). Net income: US$2.99b (up 45% from FY 2024). Profit margin: 28% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.New Risk • Feb 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Feb 26Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Full Year 2026Cheniere Energy Partners, L.P. provided distribution guidance for the full year 2026. For the year, the company distribution guidance of $3.10 - $3.40 per common unit, maintaining a base distribution of $3.10 per common unit.Declared Dividend • Feb 01Third quarter dividend of US$0.83 announcedShareholders will receive a dividend of US$0.83. Ex-date: 9th February 2026 Payment date: 13th February 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 29Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on February 13, 2026Cheniere Energy Partners, L.P. declared a cash distribution of $0.830 per common unit to unitholders of record as of February 9, 2026, comprised of a base amount equal to $0.775 and a variable amount equal to $0.055, and (ii) the related distribution to its general partner. These distributions are payable on February 13, 2026.Seeking Alpha • Dec 22Cheniere Energy Partners: Strong Income Play, With Potential For More In The FutureSummary Cheniere Energy Partners (CQP) is rated a buy for its stable, high-yield distributions and robust Sabine Pass LNG operations. CQP's long-term, fee-based contracts cover 90% of production, ensuring predictable cash flows and supporting steady distribution growth averaging 3.85% over five years. The SPL Expansion Project could boost capacity by 66%, driving future distribution growth if regulatory approvals and execution proceed as planned. Valuation is elevated due to premium asset quality and predictable earnings, but leverage will rise with expansion; risk is mitigated by strong sponsorship and market position. Read the full article on Seeking AlphaNew Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Negative equity (-US$340m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Oct 30Second quarter dividend of US$0.83 announcedShareholders will receive a dividend of US$0.83. Ex-date: 7th November 2025 Payment date: 14th November 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 30Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. reconfirmed full year 2025 distribution guidance of $3.25 to $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.お知らせ • Oct 28Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on November 14, 2025Cheniere Energy Partners, L.P. declared a cash distribution of $0.830 per common unit to unitholders of record as of November 7, 2025, comprised of a base amount equal to $0.775 and a variable amount equal to $0.055. The distributions is payable on November 14, 2025.お知らせ • Oct 03Cheniere Energy Partners, L.P. to Report Q3, 2025 Results on Oct 30, 2025Cheniere Energy Partners, L.P. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025Buy Or Sell Opportunity • Sep 17Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to US$53.63. The fair value is estimated to be US$44.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.Buy Or Sell Opportunity • Aug 28Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to US$55.38. The fair value is estimated to be US$45.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.91 (down from US$0.95 in 2Q 2024). Revenue: US$2.46b (up 30% from 2Q 2024). Net income: US$438.0m (down 4.8% from 2Q 2024). Profit margin: 18% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Negative equity (-US$380m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Aug 07Cheniere Energy Partners, L.P. Reaffirms Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. reaffirmed its distribution guidance for the full year 2025. For the full year company expects to pay dividend of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.Declared Dividend • Aug 01First quarter dividend of US$0.82 announcedShareholders will receive a dividend of US$0.82. Ex-date: 8th August 2025 Payment date: 14th August 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on August 14, 2025On July 29, 2025, Cheniere Energy Partners, L.P. (the “Partnership”) declared a quarterly cash distribution of $0.820 per common unit payable on August 14, 2025 to unitholders of record as of August 8, 2025.Reported Earnings • May 09First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$1.32 (up from US$1.18 in 1Q 2024). Revenue: US$2.99b (up 30% from 1Q 2024). Net income: US$641.0m (up 13% from 1Q 2024). Profit margin: 21% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 02Fourth quarter dividend of US$0.78 announcedShareholders will receive a dividend of US$0.78. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on May 15, 2025Cheniere Energy Partners, L.P. declared a quarterly cash distribution of $0.820 per common unit payable on May 15, 2025 to unitholders of record as of May 9, 2025. The distribution comprised of a base amount equal to $0.775 and a variable amount equal to $0.045.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$55.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 23% over the past three years.New Risk • Feb 24New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 24% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Negative equity (-US$509m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (24% net profit margin).お知らせ • Feb 21Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. provided distribution guidance for the full year 2025. For the year, the company distribution guidance of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.Reported Earnings • Feb 20Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: US$5.19 (down from US$6.95 in FY 2023). Revenue: US$8.70b (down 9.9% from FY 2023). Net income: US$2.51b (down 25% from FY 2023). Profit margin: 29% (down from 35% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 02Third quarter dividend of US$0.82 announcedShareholders will receive a dividend of US$0.82. Ex-date: 10th February 2025 Payment date: 14th February 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 11% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jan 30Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on February 14, 2025Cheniere Energy Partners, L.P. declared a cash distribution of $0.820 per common unit to unitholders of record as of February 10, 2025, comprised of a base amount equal to $0.775 and a variable amount equal to $0.045, and the related distribution to its general partner. These distributions are payable on February 14, 2025.Seeking Alpha • Dec 07Cheniere Energy Partners: Fundamentals Remain SolidSummary Cheniere Energy Partners remains a stable, cash flow-producing partnership with a fair valuation, making it a solid hold for income-oriented investors seeking a ~6% distribution yield. Despite minor earnings declines due to derivative value changes, cash flows remain stable, at $2.092 billion for the nine months ended Sept 30, 2024. The SPL Expansion Project and increased LNG demand indicate growth prospects, but the stock is fairly valued at $50, suggesting limited upside. Shares are a hold with a recommendation to look for better options. Read the full article on Seeking AlphaNew Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Negative equity (-US$626m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (25% net profit margin).Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$1.31 (up from US$1.19 in 3Q 2023). Revenue: US$2.06b (down 3.4% from 3Q 2023). Net income: US$635.0m (up 10% from 3Q 2023). Profit margin: 31% (up from 27% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Declared Dividend • Oct 28Second quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 4th November 2024 Payment date: 14th November 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 13% to increase the payout ratio to a potentially unsustainable range.お知らせ • Oct 25Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on November 14, 2024Cheniere Energy Partners, L.P. declared (i) a cash distribution of $0.810 per common unit to unitholders of record as of November 4, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and (ii) the related distribution to its general partner. These distributions are payable on November 14, 2024.Major Estimate Revision • Aug 15Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.17b to US$9.00b. EPS estimate rose from US$4.02 to US$4.55. Net income forecast to grow 2.8% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$49.57. Share price was steady at US$48.64 over the past week.New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Negative equity (-US$756m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.18 (up from US$0.84 in 2Q 2023). Revenue: US$1.89b (down 2.0% from 2Q 2023). Net income: US$570.0m (up 40% from 2Q 2023). Profit margin: 30% (up from 21% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 08Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for Full Year 2024Cheniere Energy Partners, L.P. reconfirmed distribution guidance for full year 2024. For the period, the company is reconfirming full year 2024 distribution guidance of $3.15 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.Buy Or Sell Opportunity • Aug 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to US$50.08. The fair value is estimated to be US$62.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.Declared Dividend • Jul 29First quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 7th August 2024 Payment date: 14th August 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 6.0% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 26Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on August 14, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $0.810 per common unit to unitholders of record as of August 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and (ii) the related distribution to its general partner. These distributions are payable on August 14, 2024.Seeking Alpha • Jul 22Cheniere Energy Partners: Still Fairly Valued Despite Low Natural Gas PricesSummary Cheniere Energy Partners remains a hold due to stable cash flows and fair valuation. The company provides clean, secure LNG with predictable cash flows and expansion projects. Low LNG prices pose headwinds, but favorable capital structure and strong track record suggest potential for recovery. Shares are a hold with price target of $50. Read the full article on Seeking Alphaお知らせ • May 10Cheniere Energy Partners, L.P. announced a financing transactionCheniere Energy Partners, L.P. announced that it will issue senior notes on May 8, 2024. The notes will mature in 2034. The notes will rank pari passu. Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”)New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Negative equity (-US$822m). Dividend is not well covered by earnings (95% payout ratio).Reported Earnings • May 03First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$1.41 (down from US$3.50 in 1Q 2023). Revenue: US$2.30b (down 21% from 1Q 2023). Net income: US$682.0m (down 60% from 1Q 2023). Profit margin: 30% (down from 58% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 01Fourth quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 8.0%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 36% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on May 15, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $0.810 per common unit to unitholders of record as of May 9, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and the related distribution to its general partner. These distributions are payable on May 15, 2024.Major Estimate Revision • Feb 29Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.69b to US$9.23b. EPS estimate rose from US$3.32 to US$3.94. Net income forecast to shrink 39% next year vs 0.3% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$50.36. Share price fell 5.0% to US$48.62 over the past week.Reported Earnings • Feb 23Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$8.79 (up from US$3.27 in FY 2022). Revenue: US$9.66b (down 44% from FY 2022). Net income: US$4.25b (up 169% from FY 2022). Profit margin: 44% (up from 9.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 30Upcoming dividend of US$1.04 per share at 7.9% yieldEligible shareholders must have bought the stock before 06 February 2024. Payment date: 14 February 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.4%).Declared Dividend • Jan 29Third quarter dividend of US$1.04 announcedShareholders will receive a dividend of US$1.04. Ex-date: 6th February 2024 Payment date: 14th February 2024 Dividend yield will be 7.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 54% over the next 3 years. A fall of 55% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.お知らせ • Jan 26Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on February 14, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $1.035 per common unit to unitholders of record as of February 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.260, and the related distribution to its general partner. These distributions are payable on February 14, 2024.Buying Opportunity • Dec 06Now 21% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be US$73.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings is forecast to decline by 27% per annum over the same time period.Major Estimate Revision • Nov 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$9.87b to US$9.60b. EPS estimate rose from US$5.81 to US$6.43. Net income forecast to shrink 48% next year vs 4.3% growth forecast for Oil and Gas industry in the US . Consensus price target of US$49.92 unchanged from last update. Share price was steady at US$57.33 over the past week.Reported Earnings • Nov 03Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.63 (up from US$1.50 loss in 3Q 2022). Revenue: US$2.13b (down 57% from 3Q 2022). Net income: US$791.0m (up US$1.52b from 3Q 2022). Profit margin: 37% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 63%. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 28Cheniere Energy Partners, L.P. Declares Cash Distribution, Payable on November 14, 2023Cheniere Energy Partners, L.P. declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255, and the related distribution to its general partner. These distributions are payable on November 14, 2023.New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Negative equity (-US$1.0b).Major Estimate Revision • Aug 10Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$10.5b to US$10.0b. EPS estimate also fell from US$6.26 per share to US$5.58 per share. Net income forecast to shrink 24% next year vs 17% decline forecast for Oil and Gas industry in the US. Consensus price target of US$49.50 unchanged from last update. Share price fell 4.1% to US$49.45 over the past week.お知らせ • Aug 04Cheniere Energy Partners, L.P. Reconfirms 2023 Distribution GuidanceCheniere Energy Partners, L.P. Reconfirming full year 2023 distribution guidance of $4.00 - $4.25 per common unit.Reported Earnings • Aug 04Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$1.29 (up from US$0.25 in 2Q 2022). Revenue: US$1.93b (down 54% from 2Q 2022). Net income: US$622.0m (up 418% from 2Q 2022). Profit margin: 32% (up from 2.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is expected to fall by 6.7% p.a. on average during the next 3 years compared to a 3.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 29Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on August 14, 2023Cheniere Energy Partners, L.P. declared a cash distribution of $1.03 per common unit to unitholders of record as of August 7, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255, and the related distribution to its general partner. These distributions are payable on August 14, 2023.お知らせ • Jun 07Cheniere Energy Partners, L.P. announced a financing transactionCheniere Energy Partners, L.P. announced that it will issue Senior Notes due 2033 on June 6, 2023. The company will issue non-convertible debt in the transaction. The CQP 2033 Notes will bear interest at a rate of 5.95% per annum and will mature on June 30, 2033. The CQP 2033 Notes were issued at a price equal to 99.774% of par, and the closing of the offering is expected to occur on June 21, 2023.Recent Insider Transactions • May 28Executive VP recently sold US$351k worth of stockOn the 25th of May, J. Grindal sold around 8k shares on-market at roughly US$45.93 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was J.'s only on-market trade for the last 12 months.Major Estimate Revision • May 09Consensus EPS estimates increase by 41%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$11.1b to US$10.5b. EPS estimate rose from US$4.15 to US$5.87. Net income forecast to shrink 1.3% next year vs 20% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.00. Share price was steady at US$45.00 over the past week.Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: US$4.00 (up from US$0.11 loss in 1Q 2022). Revenue: US$2.92b (down 12% from 1Q 2022). Net income: US$1.94b (up US$1.99b from 1Q 2022). Profit margin: 66% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be US$53.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has declined by 8.9%. For the next 3 years, revenue is forecast to decline by 13% per annum. Earnings is forecast to grow by 4.8% per annum over the same time period.Major Estimate Revision • Mar 16Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$5.09 to US$4.44. Revenue forecast unchanged from US$11.5b at last update. Net income forecast to grow 60% next year vs 4.5% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.47. Share price fell 6.1% to US$46.00 over the past week.Reported Earnings • Feb 24Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$3.27 (up from US$3.00 in FY 2021). Revenue: US$17.2b (up 82% from FY 2021). Net income: US$1.58b (up 9.2% from FY 2021). Profit margin: 9.2% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 5.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Jan 28Cheniere Energy Partners, L.P Declares Cash Distribution, Payable on February 14, 2023Cheniere Energy Partners, L.P declared (i) a cash distribution of $1.07 per common unit to unitholders of record as of February 6, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.295, and (ii) the related distribution to its general partner. These distributions are payable on February 14, 2023.Recent Insider Transactions Derivative • Dec 11Board Member exercised options and sold US$86k worth of stockOn the 7th of December, Vincent Pagano exercised options to acquire 2k shares at no cost and sold these for an average price of US$57.18 per share. This trade did not impact their existing holding. Since March 2022, Vincent has owned 8.63k shares directly. Company insiders have collectively sold US$438k more than they bought, via options and on-market transactions in the last 12 months.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Cheniere Energy Partners GP LLC Vincent Pagano was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$1.06 loss per share (down from US$0.69 profit in 3Q 2021). Revenue: US$4.98b (up 114% from 3Q 2021). Net loss: US$514.0m (down 253% from profit in 3Q 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Oct 25Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on November 14, 2022Cheniere Energy Partners, L.P. declared a cash distribution of $1.07 per common unit to unitholders of record as of November 3, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.295, and the related distribution to its general partner. These distributions are payable on November 14, 2022.Buying Opportunity • Oct 07Now 21% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be US$69.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is also forecast to decline by 5.9% per annum over the same time period.お知らせ • Sep 22Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. Announce the Promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, Effective January 2, 2023Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. announced the promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, effective January 2, 2023. As Executive Vice President and Chief Operating Officer, Grindal will lead the Operations, Engineering and Construction, Shared Services and Worldwide Trading organizations within Cheniere. In his new role, he will continue to report to Jack Fusco, President and Chief Executive Officer. Grindal will also serve as Executive Vice President and Chief Operating Officer at Cheniere Partners. Grindal will relocate back to Houston from London, where he has served as Executive Vice President, Worldwide Trading since 2020. Grindal joined Cheniere in 2013 and led the Gas Supply organization for the Company, which is one of the largest holders of pipeline capacity and purchasers of natural gas in the United States.Buying Opportunity • Sep 16Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be US$68.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 13% per annum. Earnings is also forecast to decline by 4.4% per annum over the same time period.Recent Insider Transactions Derivative • Sep 11Board Member exercised options and sold US$82k worth of stockOn the 7th of September, Oliver Richard exercised options to acquire 2k shares at no cost and sold these for an average price of US$54.66 per share. This trade did not impact their existing holding. Since March 2022, Oliver's direct individual holding has increased from 11.25k shares to 14.25k. Company insiders have collectively sold US$414k more than they bought, via options and on-market transactions in the last 12 months.Buying Opportunity • Aug 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.1%. The fair value is estimated to be US$67.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 9.7% per annum. Earnings is also forecast to decline by 3.0% per annum over the same time period.Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.71 (down from US$0.73 in 2Q 2021). Revenue: US$4.18b (up 121% from 2Q 2021). Net income: US$342.0m (down 3.7% from 2Q 2021). Profit margin: 8.2% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.お知らせ • Aug 05Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Year 2022Cheniere Energy Partners, L.P. provided distribution guidance for the year 2022. For the year, the company expects to pay distribution per unit of $4.00 to $4.25.お知らせ • Jul 26Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on August 12, 2022Cheniere Energy Partners, L.P. declared (i) a cash distribution of $1.06 per common unit to unitholders of record as of August 4, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.285, and (ii) the related distribution to its general partner. These distributions are payable on August 12, 2022.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$45.43, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Oil and Gas industry in the US. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$62.57 per share.Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.3%. The fair value is estimated to be US$64.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.6% in 2 years. Earnings is forecast to grow by 126% in the next 2 years.Recent Insider Transactions • Jun 08Board Member recently sold US$168k worth of stockOn the 3rd of June, James Ball sold around 3k shares on-market at roughly US$54.48 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Recent Insider Transactions Derivative • Jun 03Board Member exercised options and sold US$62k worth of stockOn the 29th of May, Ellis McCain exercised options to acquire 1k shares at no cost and sold these for an average price of US$55.22 per share. This trade did not impact their existing holding. Since March 2022, Ellis has owned 9.75k shares directly. Company insiders have collectively sold US$249k more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$11.3b to US$13.2b. EPS estimate fell from US$4.04 to US$3.94. Net income forecast to grow 114% next year vs 79% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$49.81 to US$51.63. Share price fell 12% to US$50.79 over the past week.Buying Opportunity • May 10Now 20% undervaluedOver the last 90 days, the stock is up 9.3%. The fair value is estimated to be US$66.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 2.0% in 2 years. Earnings is forecast to grow by 121% in the next 2 years.Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.33 (down from US$0.64 in 1Q 2021). Revenue: US$3.33b (up 70% from 1Q 2021). Net income: US$159.0m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 1.9%, compared to a 24% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 05Cheniere Energy Partners, L.P. Reaffirms Dividend Guidance for the Year 2022Cheniere Energy Partners, L.P. reaffirmed dividend guidance for the year 2022. For full year 2022 distribution guidance of $4.00 per common unit to $4.25 per common unit.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Cheniere Energy Partners GP LLC Vincent Pagano was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 26Cheniere Energy Partners, L.P. Declares Cash Distribution, Payable on May 13, 2022Cheniere Energy Partners, L.P. declared a cash distribution of $1.05 per common unit to unitholders of record as of May 5, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.275, and the related distribution to its general partner. These distributions are payable on May 13, 2022.Buying Opportunity • Mar 15Now 25% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be US$64.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.Major Estimate Revision • Mar 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$9.60b to US$11.1b. EPS estimate reaffirmed at US$3.94. Net income forecast to grow 39% next year vs 60% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$44.94 to US$46.12. Share price rose 16% to US$55.29 over the past week.Reported Earnings • Feb 26Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: US$3.37 (up from US$2.20 in FY 2020). Revenue: US$9.43b (up 53% from FY 2020). Net income: US$1.63b (up 53% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 7.1%, compared to a 19% growth forecast for the oil industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.業績と収益の成長予測NYSE:CQP - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202811,9332,3342,1073,391512/31/202711,6292,2672,3233,072712/31/202611,4452,0512,6753,04783/31/202611,3692,0722,8433,013N/A12/31/202510,7582,5042,5692,768N/A9/30/202510,3081,8582,5322,757N/A6/30/20259,9591,9932,5742,790N/A3/31/20259,3982,0152,7862,964N/A12/31/20248,7042,0602,8142,968N/A9/30/20248,9302,2362,8533,008N/A6/30/20249,0032,2882,8352,972N/A3/31/20249,0422,2352,7642,931N/A12/31/20239,6643,3622,8893,109N/A9/30/202311,6994,9193,6353,900N/A6/30/202314,5473,6203,7404,101N/A3/31/202316,7953,3333,7434,196N/A12/31/202217,2061,5833,6984,149N/A9/30/202215,743-2092,5573,066N/A6/30/202213,0918502,2312,802N/A3/31/202210,7991,0851,9142,503N/A12/31/20219,4341,4501,6432,291N/A9/30/20218,1731,3751,4132,085N/A6/30/20216,8319501,2451,952N/A3/31/20216,4129701,0031,804N/A12/31/20206,1671,0667791,751N/A9/30/20206,0781,1139331,903N/A6/30/20206,5721,2954541,781N/A3/31/20206,8071,1323731,738N/A12/31/20196,8381,089N/A1,547N/A9/30/20196,8271,001N/A1,587N/A6/30/20196,8801,200N/A1,709N/A3/31/20196,5821,256N/A1,887N/A12/31/20186,4261,214N/A1,874N/A9/30/20186,0471,247N/A1,728N/A6/30/20185,421978N/A1,458N/A3/31/20185,006756N/A1,193N/A12/31/20174,304479N/A977N/A9/30/20173,337197N/A555N/A6/30/20172,76596N/A422N/A3/31/20171,924-48N/A121N/A12/31/20161,100-168N/AN/AN/A9/30/2016616-306N/A-212N/A6/30/2016353-251N/A-272N/A3/31/2016269-211N/A-125N/A12/31/2015270-313N/A-171N/A9/30/2015269-327N/A34N/A6/30/2015269-346N/A8N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CQPの予測収益成長率 (年間3.2% ) は 貯蓄率 ( 3.5% ) を下回っています。収益対市場: CQPの収益 ( 3.2% ) US市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: CQPの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: CQPの収益 ( 2.3% ) US市場 ( 11.9% ) よりも低い成長が予測されています。高い収益成長: CQPの収益 ( 2.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CQPの 自己資本利益率 は、3年後には非常に高くなると予測されています ( 138.4 %)。成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 10:43終値2026/05/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cheniere Energy Partners, L.P. 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29 アナリスト機関Theresa ChenBarclaysRobert BrackettBernsteinDanilo JuvaneBMO Capital Markets Equity Research26 その他のアナリストを表示
Price Target Changed • Mar 27Price target increased by 7.4% to US$59.33Up from US$55.27, the current price target is an average from 15 analysts. New target price is 8.6% below last closing price of US$64.92. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of US$4.20 for next year compared to US$5.17 last year.
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.17b to US$9.00b. EPS estimate rose from US$4.02 to US$4.55. Net income forecast to grow 2.8% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$49.57. Share price was steady at US$48.64 over the past week.
Major Estimate Revision • Feb 29Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.69b to US$9.23b. EPS estimate rose from US$3.32 to US$3.94. Net income forecast to shrink 39% next year vs 0.3% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$50.36. Share price fell 5.0% to US$48.62 over the past week.
Major Estimate Revision • Nov 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$9.87b to US$9.60b. EPS estimate rose from US$5.81 to US$6.43. Net income forecast to shrink 48% next year vs 4.3% growth forecast for Oil and Gas industry in the US . Consensus price target of US$49.92 unchanged from last update. Share price was steady at US$57.33 over the past week.
Major Estimate Revision • Aug 10Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$10.5b to US$10.0b. EPS estimate also fell from US$6.26 per share to US$5.58 per share. Net income forecast to shrink 24% next year vs 17% decline forecast for Oil and Gas industry in the US. Consensus price target of US$49.50 unchanged from last update. Share price fell 4.1% to US$49.45 over the past week.
Major Estimate Revision • May 09Consensus EPS estimates increase by 41%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$11.1b to US$10.5b. EPS estimate rose from US$4.15 to US$5.87. Net income forecast to shrink 1.3% next year vs 20% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.00. Share price was steady at US$45.00 over the past week.
ライブニュース • 15hCheniere Energy Partners Prices US$1.75b Senior Notes to Support Debt and ProjectsCheniere Energy Partners priced US$1 billion in Senior Notes due 2036 and US$750 million in Senior Notes due 2056. The partnership plans to use the proceeds for general purposes, including repayment, refinancing or redemption of existing debt, capital expenditures, and other business opportunities. The notes are being offered in a private placement and are not registered under the Securities Act of 1933. This new long-dated debt financing provides the partnership with additional flexibility to manage its capital structure and fund ongoing projects without relying solely on shorter-term borrowings. Investors may want to monitor the interest costs and covenants on these notes, as they influence the cash flow available for distributions.
Reported Earnings • May 11First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: US$0.38 (down from US$1.09 in 1Q 2025). Revenue: US$3.60b (up 20% from 1Q 2025). Net income: US$186.0m (down 65% from 1Q 2025). Profit margin: 5.2% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • May 09Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for the Full Year 2026Cheniere Energy Partners, L.P. reconfirmed Distribution guidance for the full year 2026. For the year, company expected distribution guidance of $3.10 to $3.40 per common unit, maintaining a base distribution of $3.10 per common unit.
Declared Dividend • Apr 30Fourth quarter dividend of US$0.79 announcedShareholders will receive a dividend of US$0.79. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 29% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on May 15, 2026Cheniere Energy Partners, L.P. declared a cash distribution of $0.790 per common unit to unitholders of record as of May 8, 2026, comprised of a base amount equal to $0.775 and a variable amount equal to $0.015, and the related distribution to its general partner. These distributions are payable on May 15, 2026.
Price Target Changed • Mar 27Price target increased by 7.4% to US$59.33Up from US$55.27, the current price target is an average from 15 analysts. New target price is 8.6% below last closing price of US$64.92. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of US$4.20 for next year compared to US$5.17 last year.
Reported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$6.17 (up from US$4.26 in FY 2024). Revenue: US$10.8b (up 24% from FY 2024). Net income: US$2.99b (up 45% from FY 2024). Profit margin: 28% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
New Risk • Feb 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Feb 26Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Full Year 2026Cheniere Energy Partners, L.P. provided distribution guidance for the full year 2026. For the year, the company distribution guidance of $3.10 - $3.40 per common unit, maintaining a base distribution of $3.10 per common unit.
Declared Dividend • Feb 01Third quarter dividend of US$0.83 announcedShareholders will receive a dividend of US$0.83. Ex-date: 9th February 2026 Payment date: 13th February 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 29Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on February 13, 2026Cheniere Energy Partners, L.P. declared a cash distribution of $0.830 per common unit to unitholders of record as of February 9, 2026, comprised of a base amount equal to $0.775 and a variable amount equal to $0.055, and (ii) the related distribution to its general partner. These distributions are payable on February 13, 2026.
Seeking Alpha • Dec 22Cheniere Energy Partners: Strong Income Play, With Potential For More In The FutureSummary Cheniere Energy Partners (CQP) is rated a buy for its stable, high-yield distributions and robust Sabine Pass LNG operations. CQP's long-term, fee-based contracts cover 90% of production, ensuring predictable cash flows and supporting steady distribution growth averaging 3.85% over five years. The SPL Expansion Project could boost capacity by 66%, driving future distribution growth if regulatory approvals and execution proceed as planned. Valuation is elevated due to premium asset quality and predictable earnings, but leverage will rise with expansion; risk is mitigated by strong sponsorship and market position. Read the full article on Seeking Alpha
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Negative equity (-US$340m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Oct 30Second quarter dividend of US$0.83 announcedShareholders will receive a dividend of US$0.83. Ex-date: 7th November 2025 Payment date: 14th November 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 30Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. reconfirmed full year 2025 distribution guidance of $3.25 to $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
お知らせ • Oct 28Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on November 14, 2025Cheniere Energy Partners, L.P. declared a cash distribution of $0.830 per common unit to unitholders of record as of November 7, 2025, comprised of a base amount equal to $0.775 and a variable amount equal to $0.055. The distributions is payable on November 14, 2025.
お知らせ • Oct 03Cheniere Energy Partners, L.P. to Report Q3, 2025 Results on Oct 30, 2025Cheniere Energy Partners, L.P. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025
Buy Or Sell Opportunity • Sep 17Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to US$53.63. The fair value is estimated to be US$44.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.
Buy Or Sell Opportunity • Aug 28Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to US$55.38. The fair value is estimated to be US$45.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.91 (down from US$0.95 in 2Q 2024). Revenue: US$2.46b (up 30% from 2Q 2024). Net income: US$438.0m (down 4.8% from 2Q 2024). Profit margin: 18% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Negative equity (-US$380m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Aug 07Cheniere Energy Partners, L.P. Reaffirms Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. reaffirmed its distribution guidance for the full year 2025. For the full year company expects to pay dividend of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
Declared Dividend • Aug 01First quarter dividend of US$0.82 announcedShareholders will receive a dividend of US$0.82. Ex-date: 8th August 2025 Payment date: 14th August 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on August 14, 2025On July 29, 2025, Cheniere Energy Partners, L.P. (the “Partnership”) declared a quarterly cash distribution of $0.820 per common unit payable on August 14, 2025 to unitholders of record as of August 8, 2025.
Reported Earnings • May 09First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$1.32 (up from US$1.18 in 1Q 2024). Revenue: US$2.99b (up 30% from 1Q 2024). Net income: US$641.0m (up 13% from 1Q 2024). Profit margin: 21% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 02Fourth quarter dividend of US$0.78 announcedShareholders will receive a dividend of US$0.78. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on May 15, 2025Cheniere Energy Partners, L.P. declared a quarterly cash distribution of $0.820 per common unit payable on May 15, 2025 to unitholders of record as of May 9, 2025. The distribution comprised of a base amount equal to $0.775 and a variable amount equal to $0.045.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$55.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 23% over the past three years.
New Risk • Feb 24New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 24% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Negative equity (-US$509m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (24% net profit margin).
お知らせ • Feb 21Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Full Year 2025Cheniere Energy Partners, L.P. provided distribution guidance for the full year 2025. For the year, the company distribution guidance of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
Reported Earnings • Feb 20Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: US$5.19 (down from US$6.95 in FY 2023). Revenue: US$8.70b (down 9.9% from FY 2023). Net income: US$2.51b (down 25% from FY 2023). Profit margin: 29% (down from 35% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 02Third quarter dividend of US$0.82 announcedShareholders will receive a dividend of US$0.82. Ex-date: 10th February 2025 Payment date: 14th February 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 11% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jan 30Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on February 14, 2025Cheniere Energy Partners, L.P. declared a cash distribution of $0.820 per common unit to unitholders of record as of February 10, 2025, comprised of a base amount equal to $0.775 and a variable amount equal to $0.045, and the related distribution to its general partner. These distributions are payable on February 14, 2025.
Seeking Alpha • Dec 07Cheniere Energy Partners: Fundamentals Remain SolidSummary Cheniere Energy Partners remains a stable, cash flow-producing partnership with a fair valuation, making it a solid hold for income-oriented investors seeking a ~6% distribution yield. Despite minor earnings declines due to derivative value changes, cash flows remain stable, at $2.092 billion for the nine months ended Sept 30, 2024. The SPL Expansion Project and increased LNG demand indicate growth prospects, but the stock is fairly valued at $50, suggesting limited upside. Shares are a hold with a recommendation to look for better options. Read the full article on Seeking Alpha
New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Negative equity (-US$626m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (25% net profit margin).
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$1.31 (up from US$1.19 in 3Q 2023). Revenue: US$2.06b (down 3.4% from 3Q 2023). Net income: US$635.0m (up 10% from 3Q 2023). Profit margin: 31% (up from 27% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Oct 28Second quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 4th November 2024 Payment date: 14th November 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 13% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Oct 25Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on November 14, 2024Cheniere Energy Partners, L.P. declared (i) a cash distribution of $0.810 per common unit to unitholders of record as of November 4, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and (ii) the related distribution to its general partner. These distributions are payable on November 14, 2024.
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.17b to US$9.00b. EPS estimate rose from US$4.02 to US$4.55. Net income forecast to grow 2.8% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$49.57. Share price was steady at US$48.64 over the past week.
New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Negative equity (-US$756m). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.18 (up from US$0.84 in 2Q 2023). Revenue: US$1.89b (down 2.0% from 2Q 2023). Net income: US$570.0m (up 40% from 2Q 2023). Profit margin: 30% (up from 21% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 08Cheniere Energy Partners, L.P. Reconfirms Distribution Guidance for Full Year 2024Cheniere Energy Partners, L.P. reconfirmed distribution guidance for full year 2024. For the period, the company is reconfirming full year 2024 distribution guidance of $3.15 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
Buy Or Sell Opportunity • Aug 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to US$50.08. The fair value is estimated to be US$62.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.
Declared Dividend • Jul 29First quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 7th August 2024 Payment date: 14th August 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 6.0% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 26Cheniere Energy Partners, L.P. Declares Quarterly Distributions, Payable on August 14, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $0.810 per common unit to unitholders of record as of August 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and (ii) the related distribution to its general partner. These distributions are payable on August 14, 2024.
Seeking Alpha • Jul 22Cheniere Energy Partners: Still Fairly Valued Despite Low Natural Gas PricesSummary Cheniere Energy Partners remains a hold due to stable cash flows and fair valuation. The company provides clean, secure LNG with predictable cash flows and expansion projects. Low LNG prices pose headwinds, but favorable capital structure and strong track record suggest potential for recovery. Shares are a hold with price target of $50. Read the full article on Seeking Alpha
お知らせ • May 10Cheniere Energy Partners, L.P. announced a financing transactionCheniere Energy Partners, L.P. announced that it will issue senior notes on May 8, 2024. The notes will mature in 2034. The notes will rank pari passu. Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”)
New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Negative equity (-US$822m). Dividend is not well covered by earnings (95% payout ratio).
Reported Earnings • May 03First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$1.41 (down from US$3.50 in 1Q 2023). Revenue: US$2.30b (down 21% from 1Q 2023). Net income: US$682.0m (down 60% from 1Q 2023). Profit margin: 30% (down from 58% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 01Fourth quarter dividend of US$0.81 announcedShareholders will receive a dividend of US$0.81. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 8.0%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 36% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • Apr 30Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on May 15, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $0.810 per common unit to unitholders of record as of May 9, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and the related distribution to its general partner. These distributions are payable on May 15, 2024.
Major Estimate Revision • Feb 29Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$9.69b to US$9.23b. EPS estimate rose from US$3.32 to US$3.94. Net income forecast to shrink 39% next year vs 0.3% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$50.36. Share price fell 5.0% to US$48.62 over the past week.
Reported Earnings • Feb 23Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$8.79 (up from US$3.27 in FY 2022). Revenue: US$9.66b (down 44% from FY 2022). Net income: US$4.25b (up 169% from FY 2022). Profit margin: 44% (up from 9.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 30Upcoming dividend of US$1.04 per share at 7.9% yieldEligible shareholders must have bought the stock before 06 February 2024. Payment date: 14 February 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (4.4%).
Declared Dividend • Jan 29Third quarter dividend of US$1.04 announcedShareholders will receive a dividend of US$1.04. Ex-date: 6th February 2024 Payment date: 14th February 2024 Dividend yield will be 7.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 54% over the next 3 years. A fall of 55% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.
お知らせ • Jan 26Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on February 14, 2024Cheniere Energy Partners, L.P. declared a cash distribution of $1.035 per common unit to unitholders of record as of February 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.260, and the related distribution to its general partner. These distributions are payable on February 14, 2024.
Buying Opportunity • Dec 06Now 21% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be US$73.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings is forecast to decline by 27% per annum over the same time period.
Major Estimate Revision • Nov 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$9.87b to US$9.60b. EPS estimate rose from US$5.81 to US$6.43. Net income forecast to shrink 48% next year vs 4.3% growth forecast for Oil and Gas industry in the US . Consensus price target of US$49.92 unchanged from last update. Share price was steady at US$57.33 over the past week.
Reported Earnings • Nov 03Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.63 (up from US$1.50 loss in 3Q 2022). Revenue: US$2.13b (down 57% from 3Q 2022). Net income: US$791.0m (up US$1.52b from 3Q 2022). Profit margin: 37% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 63%. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 28Cheniere Energy Partners, L.P. Declares Cash Distribution, Payable on November 14, 2023Cheniere Energy Partners, L.P. declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255, and the related distribution to its general partner. These distributions are payable on November 14, 2023.
New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Negative equity (-US$1.0b).
Major Estimate Revision • Aug 10Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$10.5b to US$10.0b. EPS estimate also fell from US$6.26 per share to US$5.58 per share. Net income forecast to shrink 24% next year vs 17% decline forecast for Oil and Gas industry in the US. Consensus price target of US$49.50 unchanged from last update. Share price fell 4.1% to US$49.45 over the past week.
お知らせ • Aug 04Cheniere Energy Partners, L.P. Reconfirms 2023 Distribution GuidanceCheniere Energy Partners, L.P. Reconfirming full year 2023 distribution guidance of $4.00 - $4.25 per common unit.
Reported Earnings • Aug 04Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$1.29 (up from US$0.25 in 2Q 2022). Revenue: US$1.93b (down 54% from 2Q 2022). Net income: US$622.0m (up 418% from 2Q 2022). Profit margin: 32% (up from 2.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is expected to fall by 6.7% p.a. on average during the next 3 years compared to a 3.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 29Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on August 14, 2023Cheniere Energy Partners, L.P. declared a cash distribution of $1.03 per common unit to unitholders of record as of August 7, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255, and the related distribution to its general partner. These distributions are payable on August 14, 2023.
お知らせ • Jun 07Cheniere Energy Partners, L.P. announced a financing transactionCheniere Energy Partners, L.P. announced that it will issue Senior Notes due 2033 on June 6, 2023. The company will issue non-convertible debt in the transaction. The CQP 2033 Notes will bear interest at a rate of 5.95% per annum and will mature on June 30, 2033. The CQP 2033 Notes were issued at a price equal to 99.774% of par, and the closing of the offering is expected to occur on June 21, 2023.
Recent Insider Transactions • May 28Executive VP recently sold US$351k worth of stockOn the 25th of May, J. Grindal sold around 8k shares on-market at roughly US$45.93 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was J.'s only on-market trade for the last 12 months.
Major Estimate Revision • May 09Consensus EPS estimates increase by 41%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$11.1b to US$10.5b. EPS estimate rose from US$4.15 to US$5.87. Net income forecast to shrink 1.3% next year vs 20% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.00. Share price was steady at US$45.00 over the past week.
Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: US$4.00 (up from US$0.11 loss in 1Q 2022). Revenue: US$2.92b (down 12% from 1Q 2022). Net income: US$1.94b (up US$1.99b from 1Q 2022). Profit margin: 66% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be US$53.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has declined by 8.9%. For the next 3 years, revenue is forecast to decline by 13% per annum. Earnings is forecast to grow by 4.8% per annum over the same time period.
Major Estimate Revision • Mar 16Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$5.09 to US$4.44. Revenue forecast unchanged from US$11.5b at last update. Net income forecast to grow 60% next year vs 4.5% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$53.47. Share price fell 6.1% to US$46.00 over the past week.
Reported Earnings • Feb 24Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$3.27 (up from US$3.00 in FY 2021). Revenue: US$17.2b (up 82% from FY 2021). Net income: US$1.58b (up 9.2% from FY 2021). Profit margin: 9.2% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 5.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Jan 28Cheniere Energy Partners, L.P Declares Cash Distribution, Payable on February 14, 2023Cheniere Energy Partners, L.P declared (i) a cash distribution of $1.07 per common unit to unitholders of record as of February 6, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.295, and (ii) the related distribution to its general partner. These distributions are payable on February 14, 2023.
Recent Insider Transactions Derivative • Dec 11Board Member exercised options and sold US$86k worth of stockOn the 7th of December, Vincent Pagano exercised options to acquire 2k shares at no cost and sold these for an average price of US$57.18 per share. This trade did not impact their existing holding. Since March 2022, Vincent has owned 8.63k shares directly. Company insiders have collectively sold US$438k more than they bought, via options and on-market transactions in the last 12 months.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Cheniere Energy Partners GP LLC Vincent Pagano was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$1.06 loss per share (down from US$0.69 profit in 3Q 2021). Revenue: US$4.98b (up 114% from 3Q 2021). Net loss: US$514.0m (down 253% from profit in 3Q 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Oct 25Cheniere Energy Partners, L.P. Declares Quarterly Cash Distribution, Payable on November 14, 2022Cheniere Energy Partners, L.P. declared a cash distribution of $1.07 per common unit to unitholders of record as of November 3, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.295, and the related distribution to its general partner. These distributions are payable on November 14, 2022.
Buying Opportunity • Oct 07Now 21% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be US$69.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is also forecast to decline by 5.9% per annum over the same time period.
お知らせ • Sep 22Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. Announce the Promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, Effective January 2, 2023Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. announced the promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, effective January 2, 2023. As Executive Vice President and Chief Operating Officer, Grindal will lead the Operations, Engineering and Construction, Shared Services and Worldwide Trading organizations within Cheniere. In his new role, he will continue to report to Jack Fusco, President and Chief Executive Officer. Grindal will also serve as Executive Vice President and Chief Operating Officer at Cheniere Partners. Grindal will relocate back to Houston from London, where he has served as Executive Vice President, Worldwide Trading since 2020. Grindal joined Cheniere in 2013 and led the Gas Supply organization for the Company, which is one of the largest holders of pipeline capacity and purchasers of natural gas in the United States.
Buying Opportunity • Sep 16Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be US$68.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 13% per annum. Earnings is also forecast to decline by 4.4% per annum over the same time period.
Recent Insider Transactions Derivative • Sep 11Board Member exercised options and sold US$82k worth of stockOn the 7th of September, Oliver Richard exercised options to acquire 2k shares at no cost and sold these for an average price of US$54.66 per share. This trade did not impact their existing holding. Since March 2022, Oliver's direct individual holding has increased from 11.25k shares to 14.25k. Company insiders have collectively sold US$414k more than they bought, via options and on-market transactions in the last 12 months.
Buying Opportunity • Aug 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.1%. The fair value is estimated to be US$67.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 9.7% per annum. Earnings is also forecast to decline by 3.0% per annum over the same time period.
Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.71 (down from US$0.73 in 2Q 2021). Revenue: US$4.18b (up 121% from 2Q 2021). Net income: US$342.0m (down 3.7% from 2Q 2021). Profit margin: 8.2% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.
お知らせ • Aug 05Cheniere Energy Partners, L.P. Provides Distribution Guidance for the Year 2022Cheniere Energy Partners, L.P. provided distribution guidance for the year 2022. For the year, the company expects to pay distribution per unit of $4.00 to $4.25.
お知らせ • Jul 26Cheniere Energy Partners, L.P. Declares Quarterly Distribution, Payable on August 12, 2022Cheniere Energy Partners, L.P. declared (i) a cash distribution of $1.06 per common unit to unitholders of record as of August 4, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.285, and (ii) the related distribution to its general partner. These distributions are payable on August 12, 2022.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$45.43, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Oil and Gas industry in the US. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$62.57 per share.
Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.3%. The fair value is estimated to be US$64.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.6% in 2 years. Earnings is forecast to grow by 126% in the next 2 years.
Recent Insider Transactions • Jun 08Board Member recently sold US$168k worth of stockOn the 3rd of June, James Ball sold around 3k shares on-market at roughly US$54.48 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Recent Insider Transactions Derivative • Jun 03Board Member exercised options and sold US$62k worth of stockOn the 29th of May, Ellis McCain exercised options to acquire 1k shares at no cost and sold these for an average price of US$55.22 per share. This trade did not impact their existing holding. Since March 2022, Ellis has owned 9.75k shares directly. Company insiders have collectively sold US$249k more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$11.3b to US$13.2b. EPS estimate fell from US$4.04 to US$3.94. Net income forecast to grow 114% next year vs 79% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$49.81 to US$51.63. Share price fell 12% to US$50.79 over the past week.
Buying Opportunity • May 10Now 20% undervaluedOver the last 90 days, the stock is up 9.3%. The fair value is estimated to be US$66.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 2.0% in 2 years. Earnings is forecast to grow by 121% in the next 2 years.
Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.33 (down from US$0.64 in 1Q 2021). Revenue: US$3.33b (up 70% from 1Q 2021). Net income: US$159.0m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 1.9%, compared to a 24% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 05Cheniere Energy Partners, L.P. Reaffirms Dividend Guidance for the Year 2022Cheniere Energy Partners, L.P. reaffirmed dividend guidance for the year 2022. For full year 2022 distribution guidance of $4.00 per common unit to $4.25 per common unit.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director of Cheniere Energy Partners GP LLC Vincent Pagano was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 26Cheniere Energy Partners, L.P. Declares Cash Distribution, Payable on May 13, 2022Cheniere Energy Partners, L.P. declared a cash distribution of $1.05 per common unit to unitholders of record as of May 5, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.275, and the related distribution to its general partner. These distributions are payable on May 13, 2022.
Buying Opportunity • Mar 15Now 25% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be US$64.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.
Major Estimate Revision • Mar 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$9.60b to US$11.1b. EPS estimate reaffirmed at US$3.94. Net income forecast to grow 39% next year vs 60% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$44.94 to US$46.12. Share price rose 16% to US$55.29 over the past week.
Reported Earnings • Feb 26Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: US$3.37 (up from US$2.20 in FY 2020). Revenue: US$9.43b (up 53% from FY 2020). Net income: US$1.63b (up 53% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 7.1%, compared to a 19% growth forecast for the oil industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.