CQP - Cheniere Energy Partners, L.P.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 37.23 |
| Open | 37.57 |
| Bid | 37.60 x 800 |
| Ask | 37.80 x 800 |
| Day's Range | 36.52 - 37.72 |
| 52 Week Range | 17.75 - 49.30 |
| Volume | 271,050 |
| Avg. Volume | 530,664 |
| Market Cap | 18.247B |
| Beta (5Y Monthly) | 0.96 |
| PE Ratio (TTM) | 17.59 |
| EPS (TTM) | 2.14 |
| Earnings Date | Aug 06, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | 2.56 (6.88%) |
| Ex-Dividend Date | May 06, 2020 |
| 1y Target Est | 35.43 |
- Zacks
Cheniere Energy (LNG) Upgraded to Buy: Here's Why
Cheniere Energy (LNG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- MarketWatch
Buy this, not that — 5 stocks to trade into now and 5 to avoid
Global growth in e-commerce was already well underway before coronavirus pandemic created an even bigger tailwind for this megatrend. Alibaba Group Holding (BABA) is plotting 30% revenue growth this fiscal year and another 25% growth next year — figures that top the admittedly impressive growth of Amazon. Furthermore, while Western nations continue to wring their hands over the influence of Big Tech, with President Trump and the European Union finding a rare issue of agreement as they take aim at Amazon, Alibaba remains quite cozy with the Chinese government and carries much lower political risk.
- Zacks
ProPetro (PUMP) Q1 Earnings Top Estimates, Revenues Fall Y/Y
ProPetro's (PUMP) pressure pumping division makes up 97.9% of the company's top line in the first quarter.
- Reuters
Coronavirus demand destruction cuts U.S. LNG exports to 13-month low
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas (LNG) export plants plunged to a 13-month low in June, a signal of weak worldwide demand due to government lockdowns to stop the spread of the new coronavirus. Worldwide LNG prices collapsed to record lows in Europe and Asia in recent weeks due to oversupply of natural gas, even though consumption has remained stronger than that of travel restriction-depressed gasoline. U.S. prices are less favorable than in the past, making it less attractive for overseas buyers.
- Motley Fool
How Cheniere Energy Plans to Survive the Oil and Gas Downturn
Founded nearly 40 years ago, Cheniere Energy (NYSEMKT: LNG) is one of the largest American liquefied natural gas (LNG) producers and exporters. Although the COVID-19 pandemic has resulted in slowing energy demand and has interfered with LNG supply lines and project schedules, Cheniere Energy thinks it can survive this oil and gas downturn. In its quarterly earnings call on April 30, Cheniere noted that Asia's LNG imports increased 7% year-over-year in the quarter, Europe's increased by 25% year-over-year, and U.S. deliveries to Europe increased by 40% quarter-over-quarter.
- Barrons.com
This Energy Company Has Raised Its Dividend Twice This Year. Why It’s a Buy.
Thanks to long-term contracts for liquefied natural gas, Cheniere Energy Partners offers safety that is unusual for such a challenged sector
- Insider Monkey
Hedge Funds Have Never Been Less Bullish On Cheniere Energy Partners LP (CQP)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
- Oilprice.com
U.S. LNG Investment Suffers As Demand Dwindles
Weak demand is sparking a wave of natural gas cargo cancelations in the United States, and the situation may be about to become even more dire
- Bloomberg
U.S. LNG Cancellations Swell With Storage Space Vanishing
(Bloomberg) -- U.S. liquefied natural gas producers face a wave of order cancellations as global buyers struggle with growing stockpiles of the fuel along with demand weakened by the coronavirus crisis.All U.S. projects could get requests to cancel a total of 35-45 cargoes for July loading, which is higher than the number of shipments scrapped for June, traders surveyed by Bloomberg News estimated. That means more than half of the average monthly shipments from the fastest-growing LNG producing country could be scrapped in July.“With U.K. summer demand expected to be lower than average and with limits on storage capacity, it’s clear that there is very little space for any additional supplies,” Hadrien Collineau, a senior analyst at Wood Mackenzie Ltd., said in an emailed note.At least some cargo cancellations would translate into production curbs that could provide some respite from the global glut that has pushed prices to record lows. Shipments from other global suppliers have been robust despite the warm winter and the health crisis eroding demand as new plants keep pushing supply to the market.Cheniere Energy Inc., the nation’s biggest producer of LNG, received requests to cancel as many as 30 cargoes due for loading in July from buyers with long-term supply contracts, said people familiar with the situation. Cheniere may also cancel some of its own cargoes, which it typically sells into the spot market, the people said.For June, buyers told Cheniere that they would not lift at least 10 cargoes.Requests have been made to cancel shipments from both the Sabine Pass and Corpus Christi plants in the U.S. Buyers from Europe to Asia have also made requests to cancel July loading shipments from other American projects, including from Sempra Energy’s Cameron terminal in Louisiana and Freeport LNG Development LP’s Texas project, according to the people.Freeport LNG declined to comment. Cameron LNG said in an emailed response to questions that customers have made some modifications to their production and cargo loading plans in response to current market conditions, without providing specifics. U.S. LNG export history in number of cargoes:Economics for sending U.S. LNG to markets in Asia and Europe have rapidly deteriorated. The Henry Hub benchmark in the U.S., the main price link for U.S. LNG, is now above prices in European hubs. While Asian spot prices rebounded from record lows, they still don’t make U.S. exports profitable.Current forward prices indicate that traders will lose more than $0.70 per million British thermal units on LNG export operations from the Gulf Coast to Rotterdam, and more than $0.40 per million Btu for exports to Tokyo in July 2020, Anna Borisova, an analyst at BloombergNEF said in a note.“Negative profit margins for U.S. LNG exports suggest that cancellations may continue until October 2020,” she said. “Even the buyers that consider both liquefaction and LNG tankers as a sunk cost will make losses if they decide to export the commodity.”Storage sites in Europe, the closest market for U.S. cargoes, are already fuller than normal, limiting capacity to receive more imports in the latter part of the summer.There are signs U.S. LNG cargo cancellations may be starting to feed into actual production curbs as natural gas flows to U.S. export plants plummeted to their lowest level in seven months.Most of Cheniere buyers had to submit requests to cancel July loading shipments by Wednesday. Cheniere declined to comment on commercial discussions with its customers or operations.“The flexibility inherent in our LNG contracts – destination flexibility and the option to not lift cargoes, but pay the liquefaction fee – helps our customers effectively manage their energy portfolios through market cycles, while still providing Cheniere with reliable cash flow,” the company said in an email.(Update with Cameron LNG comment in the eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Cheniere Energy Q1 Earnings, Revenues Top on Solid LNG Volumes
In Q1, Cheniere Energy's (LNG) share repurchase stands at an aggregate of 2.9 million for $155 million under its buyback program.
- Zacks
Is Cheniere Energy (LNG) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Reuters
Virus lockdowns pummel global gas demand, force LNG output cuts
Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide have ground to a halt as virus containment measures have taken their toll, slashing gas demand for power generation, heating, cooking, vehicles and chemical manufacture. Asia's spot LNG prices dropped to $1.85 per million British thermal units (mmBtu) last week, the lowest ever, as cargoes have flooded the market.
- Business Wire
Cheniere Partners Announces Pricing of $2.0 Billion Senior Secured Notes due 2030 by Sabine Pass Liquefaction, LLC
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) today announced that its subsidiary, Sabine Pass Liquefaction, LLC ("SPL"), has priced its previously announced offering of Senior Secured Notes due 2030 (the "SPL 2030 Notes"). The principal amount of the SPL 2030 Notes will be $2.0 billion and the SPL 2030 Notes will bear interest at a rate of 4.500% per annum. The SPL 2030 Notes will be issued at a price equal to 99.744% of par to yield 4.532% and will mature on May 15, 2030. The closing of the offering is expected to occur on May 8, 2020.
- Oilprice.com
The Worst May Be Over For Oil
Oil prices spiked on Tuesday morning as demand appears to be slowly returning while non-OPEC supply continues to go offline
- Moody's
Cheniere Energy Partners, L.P. -- Moody's affirms the Baa3 rating at Sabine Pass Liquefaction and the Ba2 ratings at affiliate Cheniere Energy Partners
Moody's Investors Service today affirmed the Baa3 rating assigned to Sabine Pass Liquefaction LLC's (SPL) senior secured bonds as well as the Ba2 Corporate Family Rating (CFR), Ba2-PD probability of default rating, and Ba2 rating assigned to Cheniere Energy Partners, L.P's (CQP) senior unsecured notes. The outlooks for SPL and CQP are stable.
- Business Wire
Cheniere Partners Announces Offering of Senior Secured Notes due 2030 by Sabine Pass Liquefaction, LLC
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) today announced that its subsidiary, Sabine Pass Liquefaction, LLC ("SPL"), intends to offer, subject to market and other conditions, a benchmark principal amount of Senior Secured Notes due 2030 (the "SPL 2030 Notes").
- Motley Fool
Cheniere Energy (LNG) Q1 2020 Earnings Call Transcript
Joining me today are Jack Fusco, Cheniere's president and CEO; Anatol Feygin, executive vice president and chief commercial officer; and Michael Wortley, executive vice president and CFO. The call agenda is shown on Slide 3.
- Business Wire
Cheniere Partners Reports First Quarter 2020 Results and Reconfirms Full Year 2020 Distribution Guidance
Cheniere Energy Partners, L.P. (NYSE American: CQP):
- Oilprice.com
The LNG Market Is “Imploding”
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering
- Business Wire
Cheniere Partners Declares Increase in Quarterly Distributions
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) today declared (i) a cash distribution per common and subordinated unit of $0.64 ($2.56 annualized) to unitholders of record as of May 7, 2020, and (ii) the related distribution to its general partner. These distributions are payable on May 15, 2020.
