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Cheniere Energy Partners (CQH) Reports In-Line Q3 Earnings

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Houston, TX-based Cheniere Energy Partners L.P. Holdings LLC by virtue of its 55.9% ownership in Cheniere Energy Partners L.P. (CQP - Free Report) , primarily operates the Sabine Pass natural gas regasification and liquefaction facilities. Cheniere Energy Partners LP Holdings also operates Creole Trail Pipeline – located in Louisiana.

Currently, Cheniere Energy Partners L.P. Holdings has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In each of the last four quarters, the partnership delivered an earnings surprise of 0.00%.

CHENIERE EP LP Price and EPS Surprise

 

CHENIERE EP LP Price and EPS Surprise | CHENIERE EP LP Quote

We have highlighted some of the key details from the just-released announcement below:

Earnings: Cheniere Energy Partnersmeets earnings. Earnings per unit came in at 2 cents, same as the Zacks Consensus Estimate.

Revenue: Revenue (equity income from investment) for the quarter came in at $5.1 million.

Key Stats: As per its earnings press release, the company continues to work on its Sabine Pass Liquefaction Project. It is being developed for a maximum of 6 natural gas liquefaction trains, each having an expected yearly production capacity of approximately 4.5 million tons of LNG.

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