Recap: Cheniere Energy Partners Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cheniere Energy Partners (NYSE:CQP) reported Q4 earnings, beating estimates with an EPS of $1.42 against an expected $0.84 but saw a revenue decline of $2.04 billion YoY. The company has a history of surpassing EPS estimates, which previously led to a slight increase in share price.
February 22, 2024 | 2:45 pm
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Cheniere Energy Partners exceeded Q4 earnings expectations with an EPS of $1.42, surpassing the estimate of $0.84, despite a revenue decrease from the previous year.
Cheniere Energy Partners' significant beat on EPS estimates is likely to positively impact investor sentiment in the short term, as historical data shows a correlation between earnings beats and share price increases. However, the revenue decline may temper some of the positive momentum.
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