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Here's Why You Should Retain Cheniere Partners Stock

Cheniere Energy Partners, L.P. (NYSE: CQP) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days. The company's earnings beat the Zacks Consensus Estimate in the trailing four quarters, delivering an average surprise of 28.8%. What's Favoring the Stock? Cheniere Partners holds a strong market position as a leading LNG exporter in the United States. The company's Sabine Pass LNG terminal, with a production capacity of approximately 30 Mtpa, positions it favorably to capitalize on the growing global demand for LNG. The terminal's strategic location and connectivity to major pipelines further enhance its competitive advantage. Cheniere Partners boasts a robust liquidity position, which includes $2.1 billion in total available liquidity as of Mar 31, 2024. This liquidity is composed of $333 million in cash and cash equivalents, $59 million in restricted cash, and substantial available commitments under credit facilities. This strong liquidity enables the partnership to manage its operations smoothly and invest in growth opportunities without facing financial constraints. Cheniere Partners has a history of providing consistent cash distributions to its unitholders. For the first quarter of 2024, the partnership declared a cash distribution of 81 cents per common unit, reconfirming its 2024 distribution guidance of $3.15-$3.35 per common unit. This stable and predictable income stream is appealing to income-focused investors ...