Houston, TX-based Cheniere Energy Partners L.P. Holdings LLC 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. Let’s quickly scan through the key facts from this Houston, TX-based partnership’s earnings release this morning:
Earnings: Cheniere Energy Partnersmeets earnings. Earnings per unit came in at 2 cents, lower than the Zacks Consensus Estimate of 45 cents.
Revenue: Revenue (equity income from investment) for the quarter came in at $5.1 million, below the Zacks Consensus Estimate of $105 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.
Currently, Cheniere Energy Partners L.P. Holdings has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cheniere Energy Partners LP Holdingshas gained 18.2% of its value year to date versus the 1% decline of its industry.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>