CQP - Cheniere Energy Partners, L.P.

NYSE American - NYSE American Delayed Price. Currency in USD
42.16
-0.26 (-0.61%)
At close: 4:00PM EST
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Previous Close42.42
Open42.39
Bid42.12 x 1100
Ask42.37 x 800
Day's Range41.70 - 42.55
52 Week Range37.50 - 49.30
Volume294,943
Avg. Volume218,624
Market Cap20.406B
Beta (5Y Monthly)0.89
PE Ratio (TTM)19.67
EPS (TTM)2.14
Earnings DateFeb 23, 2020 - Feb 27, 2020
Forward Dividend & Yield2.48 (5.85%)
Ex-Dividend DateNov 04, 2019
1y Target Est42.72
  • Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere - sources
    Reuters

    Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere - sources

    China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said. Sinopec, officially named China Petroleum & Chemical Corp, and Houston-based Cheniere had been expected to sign the 20-year deal once a trade truce was reached between Beijing and Washington.

  • China to Buy $52 Billion of Additional U.S. Energy Products
    Bloomberg

    China to Buy $52 Billion of Additional U.S. Energy Products

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.The purchases over two years will include liquefied natural gas, crude oil, refined products and coal, the U.S. government said Wednesday in Washington. It didn’t provide additional details on the energy purchases, which comprise about a quarter of the $200 billion total of extra imports that China has committed to.The accord is a promising sign for the U.S. LNG industry, which is facing a global market awash with excess supply. China, the world’s fastest-growing buyer of the heating and power-plant fuel, hasn’t imported any American cargoes since February 2019.Though shipments of shale gas from American export terminals completed in the past three years have made the U.S. one of the world’s top suppliers, some newer projects have stalled without Chinese purchasers. The struggle to sign long-term sales contracts has undermined efforts to secure financing for the multibillion-dollar facilities.Shares of Cheniere Energy Inc., the largest U.S. LNG exporter, rose as much as 2.6% in New York trading as the broader equities market gained, while rival Tellurian Inc. was up as much as 2.7%. Crude oil and natural gas futures pared losses.“The phase one agreement between the United States and China is a step in the right direction that will hopefully restore the burgeoning U.S. LNG trade with China,” Jack Fusco, chief executive officer of Cheniere and one of the business leaders present at the signing ceremony at the White House, said in a statement.U.S. oil exports to China have also slumped because of the trade war. China skipped crude purchases from the U.S. for six months through November, according to data from the U.S. Census Bureau.Despite losing its top customer, U.S. oil exports have remained steady as shipments to other locations including the U.K., Europe and South Korea edge higher. Late last year, U.S. exports even touched a record 4.5 million barrels a day.While China has tapered off its imports of American crude, the Asian nation hasn’t moved away from its dependence on foreign oil. China imported 10.16 million barrels a day last year, according to customs figures released Tuesday, topping the 10.12 million the U.S. bought at its importing peak in 2005.Coal will likely be a small component of the trade accord with China, the world’s largest producer of the commodity. The U.S. shipped about $128 million of coal to China last year through November, according to U.S. Census Bureau data.(Updates with market reaction in fifth paragraph, coal in 10th)\--With assistance from Stephen Voss and Will Wade.To contact the reporters on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;Naureen S. Malik in New York at nmalik28@bloomberg.net;Catherine Ngai in New York at cngai16@bloomberg.netTo contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.netFor 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.

  • Is Cheniere Energy Partners LP (CQP) A Good Stock To Buy?
    Insider Monkey

    Is Cheniere Energy Partners LP (CQP) A Good Stock To Buy?

    The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • Reuters

    Trafigura's LNG volumes jump by 27% on new trade flows, contracts

    Trafigura Group, the global commodity trader, increased its annual liquefied natural gas (LNG) trading volumes by 27%, driven by trade flows and the start of new contracts, the company said on Wednesday. Volumes rose to 12.6 million metric tonnes equivalent this year, which included the start of shipments under the company's 15-year agreement to lift supply from Cheniere Energy as well as several other mid-term contracts, Trafigura said in its annual report. "With weak demand in Asia redirecting trade flows, the European market absorbed the bulk of our Atlantic cargoes, often in conjunction with our natural gas desk, while we continued to build our position in the Far East with regionally sourced LNG," the company said.

  • Asian LNG prices drop for second straight week on mild winter
    Reuters

    Asian LNG prices drop for second straight week on mild winter

    Asian spot prices for liquefied natural gas (LNG) dropped for a second consecutive week as supply flooded the market, overshadowing demand subdued by a winter that has been milder than average. The average LNG price for January delivery into northeast Asia is estimated to be about $5.50 per million British thermal units (mmBtu), down 10 cents from the previous week, several industry sources said. Angola LNG offered a cargo for delivery over late January to mid-February in a tender that closes next week.

  • Reuters

    Cheniere seeks U.S. OK to process to return Louisiana Sabine LNG tank that leaked

    * Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank, known as S-101, and allow that tank to return to service in the near term. * The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) ordered Cheniere to shut two tanks at Sabine on Feb. 8, 2018, after plant workers on Jan. 22, 2018, discovered a 1- to 6-foot-long crack at one tank that leaked fuel into an outer layer.

  • Reuters

    Flood of cheap LNG from Qatar imperils rival N.American projects

    Proposed projects to export liquefied natural gas (LNG) from North America face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world's leading LNG exporter. The United States is on track to overtake Qatar and Australia as the top LNG exporter by 2024, but now will only hold that title for a few years as Qatar announced this week it will boost production by 64% by 2027. Qatar's plans add another headwind for dozens of long-in-development projects already contending with the difficulty of finding customers due to the U.S.-China trade war and a glut of supply worldwide.

  • Oilprice.com

    Global LNG Markets Are Circling The Drain

    Asian and European LNG prices are falling through the floor as a result of mild winter weather and a new wave of supply from the US, Australia and Russia

  • Moody's

    Sabine Pass Liquefaction LLC -- Moody's announces completion of a periodic review of ratings of Sabine Pass Liquefaction LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sabine Pass Liquefaction LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Barrons.com

    Callon, Fitbit, Genco Shipping and Other 13D Filings

    Paulson & Co. disclosed on Nov. 18 an interest in the independent oil-and-gas explorer of 10,338,663 shares, less than half of what Paulson reported on Nov. 5 when it revealed a 9.5% stake. Since the prior disclosure, Paulson shed nearly 52% of its position with sales of 11,254,860 shares at prices ranging from $4.29 to $4.57 each on Nov. 14 and 15, leaving it with a 4.5% interest in Callon’s outstanding stock. Paulson previously stated that it would vote its shares against Callon’s proposed $1.2 billion merger with Carrizo Oil & Gas (CRZO) first announced in July.

  • 5 Dividend Stocks for an Uncertain Market
    Market Realist

    5 Dividend Stocks for an Uncertain Market

    The ongoing trade war and geopolitical uncertainties are keeping the stock markets volatile. This may attract investors to dividend stocks.

  • Reuters

    UPDATE 1-Cheniere targets earlier Texas LNG export unit completion in H1 2021

    Cheniere Energy Inc said on Friday it expects to reach substantial completion of the third liquefaction train at its Corpus Christi liquefied natural gas (LNG) export plant in Texas earlier than previously expected in the first half of 2021. Cheniere also said in its third quarter earnings that it expects to complete the sixth train at its Sabine Pass LNG export plant in Louisiana in the first half of 2023. The company said Corpus 3 was about 68.6% complete and Sabine 6 was about 38.1% complete.

  • Business Wire

    Cheniere Partners Declares Increase in Quarterly Distributions

    Cheniere Energy Partners, L.P. today declared a cash distribution per common and subordinated unit of $0.62 to unitholders of record as of November 7, 2019, and the related distribution to its general partner.

  • Reuters

    Canadian East Coast LNG export plans progress with Pieridae's Shell deal

    Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said. The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.

  • Reuters

    Canadian E.Coast LNG export plans progress with Pieridae's Shell deal

    Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said. The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.

  • Reuters

    UPDATE 2-Big U.S. liquefied natgas players move fast; smaller ones try to keep up

    NEW YORK/LONDON, Oct 17 (Reuters) - A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. "The industry is moving away from long-term agreements to justify construction of a new facility to a true commodity business," said Charif Souki, co-founder and Chairman of Tellurian Inc.

  • Reuters

    CORRECTED-(OFFICIAL)-UPDATE 1-Big U.S. liquefied natgas players move fast; smaller ones try to keep up

    NEW YORK/LONDON, Oct 17 (Reuters) - A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. The growing prowess of oil majors such as Exxon and recent entrants such as Cheniere and trading houses means there are aggregators that can supply buyers more flexibly, making it harder for smaller players.

  • Big U.S. liquefied natgas players move fast; smaller ones try to keep up
    Reuters

    Big U.S. liquefied natgas players move fast; smaller ones try to keep up

    NEW YORK/LONDON (Reuters) - A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. The growing prowess of oil majors such as Exxon and recent entrants such as Cheniere and trading houses means there are aggregators that can supply buyers more flexibly, making it harder for smaller players.