Published on 23 Feb 2024 on Zacks via Yahoo Finance
Cheniere Partners (CQP) Q4 Earnings Beat on Lower Costs
Cheniere Energy Partners, L.P. CQP recorded fourth-quarter 2023 earnings per unit of 96 cents, which beat the Zacks Consensus Estimate of 71 cents. The bottom line significantly declined from the $1.87 per unit reported in the year-ago quarter.
Total quarterly revenues of $2.7 billion were lower than the year-ago quarter’s $4.7 billion. The top line surpassed the Zacks Consensus Estimate of $2.6 billion.
Better-than-expected quarterly results were driven by higher LNG volumes loaded and a significant decline in the cost of sales. The positives were partially offset by lower regasification revenues.