Houston, TX-based Cheniere Energy Partners L.P. Holdings LLC (CQH - Free Report) by virtue of its 55.9% ownership in Cheniere Energy Partners L.P. (CQP), 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 #2 (Buy) but that could change following its second quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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, essentially in line with the Zacks Consensus Estimate.
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.
Units of Cheniere Energy Partners LP Holdings have gained 17.0% year to date, significantly outperforming the industry's 4.1% growth.
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