Cheniere Energy Partners Stock (NYSE: CQP)

Cheniere Energy Partners Stock (NYSE:CQP), Trade Ideas

Cheniere Energy Partners

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

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Cheniere Energy Inc. (AMEX: LNG) provides clean, secure and affordable liquified natural gas to integrated energy companies, utilities and energy trading companies. It also owns a stake in Cheniere Energy Partners (AMEX: CQP).

This Wall Street Analyst Sees An Upside For Cheniere, Natural Gas Players: Here&#39;s Why

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Cheniere Energy Partners, LP Common Units

Cheniere Energy Partners LP

UBS analyst Shneur Gershuni maintains Cheniere Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) with a Neutral and lowers the price target from $53 to $50.

UBS Maintains Neutral on Cheniere Energy Partners, Lowers Price Target to $50

Barclays analyst Christine Cho maintains Cheniere Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) with a Underweight and lowers the price target from $51 to $45.

Barclays Maintains Underweight on Cheniere Energy Partners, Lowers Price Target to $45

Cheniere Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 07:30 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Cheniere Energy Partners beat estimated earnings by 69.05%, reporting an EPS of $1.42 versus an estimate of $0.84.
Revenue was down $2.04 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.36 which was followed by a 0.49% increase in the share price the next day.
Here's a look at Cheniere Energy Partners's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.83</td>
<td>0.84</td>
<td>1</td>
<td>1.76</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.19</td>
<td>0.84</td>
<td>3.5</td>
<td>1.94</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>2.32B</td>
<td>2.29B</td>
<td>2.80B</td>
<td>4.30B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>2.13B</td>
<td>1.93B</td>
<td>2.92B</td>
<td>4.72B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Cheniere Energy Partners <a href="https://www.benzinga.com/quote/CQP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Cheniere Energy Partners Q4 Earnings

Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) reported quarterly earnings of $1.42 per share which beat the analyst consensus estimate of $0.84 by 69.05 percent. This is a 26.8 percent decrease over earnings of $1.94 per share from the same period last year. The company reported quarterly sales of $2.69 billion which beat the analyst consensus estimate of $2.47 billion by 8.74 percent. This is a 43.11 percent decrease over sales of $4.72 billion the same period last year.

Cheniere Energy Partners Q4 EPS $1.42 Beats $0.84 Estimate, Sales $2.69B Beat $2.47B Estimate

Stifel analyst Benjamin Nolan downgrades Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) from Hold to Sell and announces $53 price target.

Downgrades

Stifel Downgrades Cheniere Energy Partners to Sell, Announces $53 Price Target

Goldman Sachs analyst John Mackay reinstates Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) with a Sell and announces $48 price target.

Initiation

Goldman Sachs Reinstates Sell on Cheniere Energy Partners, Announces $48 Price Target

Cheniere Energy Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) short percent of float has fallen 4.51% since its last report. The company recently reported that it has 1.09 million shares sold short, which is 2.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cheniere Energy Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1695396620_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cheniere Energy Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cheniere Energy Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cheniere Energy Partners's peer group average for short interest as a percentage of float is 3.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Cheniere Energy Partners?

Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) has outperformed the market over the past 15 years by 4.28% on an annualized basis producing an average annual return of 13.48%. Currently, Cheniere Energy Partners has a market capitalization of $26.11 billion. 
Buying $100 In CQP: If an investor had bought $100 of CQP stock 15 years ago, it would be worth $679.50 today based on a price of $53.95 for CQP at the time of writing.
<h3>Cheniere Energy Partners's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1695051030_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

$100 Invested In Cheniere Energy Partners 15 Years Ago Would Be Worth This Much Today

James Robert Ball, Board Member at Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>), reported a large insider sell on September 11, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001383650/000138365023000044//Archives/edgar/data/1383650/000138365023000044/0001383650-23-000044-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Ball sold 2,250 shares of Cheniere Energy Partners. The total transaction amounted to $119,835. 
Cheniere Energy Partners shares are trading up 0.51% at $53.25 at the time of this writing on Tuesday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001383650">Check Out The Full List Of Cheniere Energy Partners's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Cheniere Energy Partners Board Member Trades Company's Stock

Oliver Richard III, Board Member at Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>), reported a large insider sell on September 11, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001383650/000138365023000045//Archives/edgar/data/1383650/000138365023000045/0001383650-23-000045-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that III sold 1,500 shares of Cheniere Energy Partners. The total transaction amounted to $79,890. 
Cheniere Energy Partners shares are trading up 0.51% at $53.25 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001383650">Check Out The Full List Of Cheniere Energy Partners's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member of Cheniere Energy Partners Sold $79K In Stock

Cheniere Energy Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) short percent of float has risen 3.23% since its last report. The company recently reported that it has 1.14 million shares sold short, which is 2.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cheniere Energy Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1694005220_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cheniere Energy Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cheniere Energy Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cheniere Energy Partners's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Cheniere Energy Partners's Recent Short Interest

Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) has outperformed the market over the past 15 years by 4.73% on an annualized basis producing an average annual return of 13.71%. Currently, Cheniere Energy Partners has a market capitalization of $26.14 billion. 
Buying $1000 In CQP: If an investor had bought $1000 of CQP stock 15 years ago, it would be worth $6,674.29 today based on a price of $53.99 for CQP at the time of writing.
<h3>Cheniere Energy Partners's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1693924233_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Cheniere Energy Partners Stock In The Last 15 Years

Long-term SPA Expected to Support Sabine Pass Expansion Project
Cheniere Energy, Inc. (&quot;Cheniere&quot; or the &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) announced today that Cheniere&#39;s subsidiary, Cheniere Marketing, LLC (&quot;Cheniere Marketing&quot;), has entered into a long-term liquefied natural gas (&quot;LNG&quot;) sale and purchase agreement (&quot;SPA&quot;) with BASF (&quot;BASF&quot;).
Under the SPA, BASF has agreed to purchase up to approximately 0.8 million tonnes per annum (&quot;mtpa&quot;) of LNG from Cheniere Marketing on a free-on-board (&quot;FOB&quot;) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence in mid-2026 and, subject to a positive Final Investment Decision with respect to the first train (&quot;Train Seven&quot;) of the Sabine Pass Liquefaction Expansion Project (&quot;SPL Expansion Project&quot;) in Louisiana, will increase to approximately 0.8 mtpa upon the start of commercial operations of Train Seven. The term of the SPA extends through 2043.
&quot;We are pleased to enter into this long-term relationship with BASF, a global leader in the chemical industry,&quot; said Anatol Feygin, Cheniere&#39;s Executive Vice President and Chief Commercial Officer. &quot;This SPA demonstrates the critical role US natural gas plays in providing long-term secure, sustainable and affordable energy for Europe. With this agreement, we are supporting the objectives of one of Europe&#39;s key industrial end-use consumers to ensure stability of its supply chain.&quot;
&quot;By establishing our own dedicated LNG supply chain with Cheniere, we are diversifying our energy and raw materials portfolio at a time of critical changes in the European gas market, which is marked by increased demand and volatile prices for LNG,&quot; said Dr. Dirk Elvermann, BASF&#39;s Chief Financial Officer. &quot;While we are reducing our dependence on fossil fuels to reach our goal of net zero CO2&nbsp;emissions by 2050, this agreement will ensure reliable supply of natural gas at competitive terms.&quot;
The SPL Expansion Project is being developed for up to approximately 20 mtpa of total LNG capacity. In May 2023, certain subsidiaries of Cheniere Energy Partners, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission under the National Environmental Policy Act.

Contracts

Cheniere And BASF Sign Long-Term LNG Sale And Purchase Agreement; BASF Has Agreed To Purchase Up To ~0.8 Million Tonnes Per Annum Of LNG From Cheniere Marketing

Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) reported quarterly earnings of $0.84 per share which met the analyst consensus estimate. This is a 236 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $1.93 billion which missed the analyst consensus estimate of $2.29 billion by 15.59 percent. This is a 53.77 percent decrease over sales of $4.18 billion the same period last year.

Cheniere Energy Partners Q2 EPS $0.84, Inline, Sales $1.93B Miss $2.29B Estimate

Cheniere Energy Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) short percent of float has fallen 10.6% since its last report. The company recently reported that it has 1.07 million shares sold short, which is 2.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cheniere Energy Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1691009117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cheniere Energy Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cheniere Energy Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cheniere Energy Partners's peer group average for short interest as a percentage of float is 3.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Cheniere Energy Partners's Recent Short Interest

Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) has outperformed the market over the past 15 years by 4.97% on an annualized basis producing an average annual return of 13.77%. Currently, Cheniere Energy Partners has a market capitalization of $25.16 billion. 
Buying $1000 In CQP: If an investor had bought $1000 of CQP stock 15 years ago, it would be worth $7,005.39 today based on a price of $51.98 for CQP at the time of writing.
<h3>Cheniere Energy Partners's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1690921852_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Cheniere Energy Partners 15 Years Ago Would Be Worth This Much Today

Thursday marks the last chance for investors to receive the next dividend payout from Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 77.5 cents per share. On Friday, Cheniere Energy Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 77.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own CQP as of the end of Thursday's session are eligible to receive the 77.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Cheniere Energy Partners's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Cheniere Energy Partners: Dividend Insights

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Benzinga's Top Ratings Upgrades, Downgrades For July 19, 2023

UBS analyst Shneur Gershuni upgrades Cheniere Energy Partners (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CQP#AMEX">CQP</a>) from Neutral to Buy and announces $57 price target.

UBS Upgrades Cheniere Energy Partners to Buy, Announces $57 Price Target

20-plus Year SPA Expected to Support Sabine Pass Expansion Project
Cheniere Energy, Inc. (&quot;Cheniere&quot; or the &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) announced today that Cheniere&#39;s subsidiary, Cheniere Marketing, LLC (&quot;Cheniere Marketing&quot;), has entered into a long-term liquefied natural gas (&quot;LNG&quot;) sale and purchase agreement (&quot;SPA&quot;) with ENN LNG (Singapore) Pte. Ltd. (&quot;ENN&quot;), a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. (&quot;ENN Natural Gas&quot;).
Under the SPA, ENN has agreed to purchase approximately 1.8 million tonnes per annum (&quot;mtpa&quot;) of LNG from Cheniere Marketing on a free-on-board (&quot;FOB&quot;) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence in mid-2026, ramping to 0.9 mtpa in 2027. Delivery of the remaining 0.9 mtpa, which is subject to, among other things, a positive Final Investment Decision with respect to the first train (&quot;Train Seven&quot;) of the Sabine Pass Liquefaction Expansion Project (&quot;SPL Expansion Project&quot;), will commence upon the start of commercial operations of Train Seven. The term of the SPA extends until the 20th&nbsp;anniversary of the start of commercial operations of Train Seven.
&quot;We are pleased to build upon our existing long-term relationship with ENN, a leader in China&#39;s rapidly growing natural gas industry, with this 20-plus year agreement signed today,&quot; said Jack Fusco, Cheniere&#39;s President and Chief Executive Officer. &quot;This SPA further supports China&#39;s structural shift to natural gas as a growing primary energy source, powering its economy while enabling improved environmental performance with flexible, reliable and cleaner LNG. This SPA accelerates Cheniere&#39;s commercial momentum on the SPL Expansion Project, demonstrating the market&#39;s need for additional LNG capacity, and the value of Cheniere&#39;s unique capability to tailor long-term solutions for customers worldwide.&quot;
This is the second long-term SPA signed between ENN and Cheniere Marketing. The long-term SPA signed in October 2021 initiated the first cooperation between two parties in the LNG business.
Wang, Yusuo, Chairman of the Board of ENN Natural Gas said, &quot;At present, China is moving forward with the implementation of &lsquo;carbon peaking &amp; carbon neutrality,&#39; further accelerating the energy transformation, and China&#39;s natural gas market is full of potential. As a leading global LNG supplier, Cheniere&#39;s stable LNG production and supply capacity are highly compatible with China&#39;s fast growing natural gas market. The signing of this long-term SPA marks another milestone in the establishment of good strategic cooperation between two parties, contributes to ENN Natural Gas&#39; establishment of an intelligent ecological operator in the field, provides customers with quality services and resources, and promotes the low-carbon transformation and upgrade of all industries.&quot;
The SPL Expansion Project is being developed to include up to three natural gas liquefaction trains with an expected total production capacity of approximately 20 mtpa of LNG. In May 2023, certain subsidiaries of Cheniere Energy Partners, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission under the National Environmental Policy Act.

Asset Sales

Cheniere And ENN Sign Long-Term LNG Sale And Purchase Agreement; No Financial Terms Disclosed

With robust natural gas consumption and stunted refineries, gasoline prices have been surging recently, creating significant tailwinds for the energy sector. Hence, fundamentally sound gas stocks Cheniere Energy (CQP), Transportadora de Gas (TGS) and NGL Energy (NGL) could be wise additions to your portfolio. Keep reading… Growing energy consumption, driven by population growth, industrialization, and economic development, continues to be a significant driver for the oil and gas industry. The industry's growth is further fueled by increased transition toward technologies like AI and big data analytics.
Amid this backdrop, it could be wise to add quality gas stocks Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>), Transportadora de Gas del Sur S.A. (<a href="https://stocknews.com/stock/TGS/">TGS</a>), and NGL Energy Partners LP (<a href="https://stocknews.com/stock/NGL/">NGL</a>) to your portfolio for solid returns.
Gasoline prices have <a href="https://finance.yahoo.com/news/gas-prices-stark-increases-expected-amid-stunted-refineries-higher-oil-185235077.html">witnessed a sharp rise</a> lately due to recent U.S. refinery constraints and increasing oil prices. According to Tom Kloza, global head of energy analysis at OPIS, "US refining has been stunted by severe weather and some power losses at key plants. We may in the next few days see US retail gas prices at a higher number than year-ago."
The recent surge in oil prices is due to high demand driven by economic growth and constrained supplies. As per a monthly report by the Organization of the Petroleum Exporting Countries (OPEC), global oil demand is projected to <a href="https://www.reuters.com/business/energy/opec-sticks-oil-demand-view-sees-better-economic-growth-2024-02-13/#:~:text=The%20Organization%20of%20the%20Petroleum,additional%20tailwind%20to%20oil%20demand.">rise by 2.25 million barrels per day (bpd) in 2024</a> and by another 1.85 million bpd in 2025.
Besides, OPEC+ members recently agreed to <a href="https://www.cnn.com/2024/03/03/business/opec-crude-oil-production/index.html#:~:text=OPEC%2B%20member%20nations%20have%20agreed,oil%20prices%20by%20reducing%20supply.">extend their voluntary cuts to oil production</a> through the second quarter of this year. This move is aimed at the group's balancing act to stabilize crude oil prices by lowering supply.
The oil and gas market is expected to grow from $7.19 trillion in 2023 to $7.62 trillion in 2024 at a <a href="https://www.researchandmarkets.com/reports/5939776/oil-gas-global-market-report">CAGR of 6.1%</a>. Further, the market is expected to expand to $9.35 trillion by 2028, growing at a CAGR of 5.2% during the forecast period (2024-2028).
Moreover, <a href="https://www.eia.gov/outlooks/steo/#a__text_The_20new_20capacity_20will_20boost_and_20be_20unchanged_20in_202025_">natural gas consumption in the U.S.</a> is spiking, which is evident as more than 118 Bcf/d of natural gas was consumed in January, a new monthly record driven by the electric power sector, as reported by the U.S. Energy Information Administration (EIA).
Also, it is forecasted that the U.S. natural gas consumption will surge by 5% during the first quarter of 2024 compared with 1Q23, remarked one of the warmest first quarters on record.
According to The Business Research Company report, the liquefied natural gas (LNG) market is expected to reach $192.57 billion by 2028, <a href="https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-global-market-report">growing at a CAGR of 7.5%.</a>
Given the industry's robust outlook, investing in quality gas stocks CQP, TGS, and NGL could be wise now.
Let's discuss the fundamentals of these stocks in detail:
Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>)
CQP offers LNG to integrated energy companies, utilities, and energy trading companies worldwide. It owns and operates a natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana. It also owns a natural gas supply pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines.
On January 26, 2024, CQP declared a cash distribution of $1.03 per common unit to unitholders of record as of February 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.260, and related distribution to its general partner. These distributions were paid on February 14, 2024.
CQP pays an annual distribution of $0.78 per unit, which translates to a dividend yield of 1.59% on the current share price. Its four-year average dividend yield is 1.97%.
On November 29, 2023, CQP and Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>) announced that Sabine Pass Liquefaction Stage V, LLC entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a leading natural gas producer in Canada.
The IPM agreement with ARC Resources is expected to support the Sabine Pass Expansion project and secure increased LNG supplies into Europe.
During the fourth quarter that ended December 31, 2023, CQP reported total revenues of $2.69 billion, and its income from operations was $1.10 billion for the same period. The company's net income came in at $906 million, or $1.42 per share, respectively.
Analysts expect CQP's revenue and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the second quarter (ending June 2024) to increase 10.8% and 23% year-over-year to $2.14 billion and $1, respectively. For the fiscal year 2025, the company's revenue is expected to grow 19.1% year-over-year to $11.10 billion.
CQP's stock has plunged 2.2% over the past month to close the last trading session at $48.66.
CQP's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality, Sentiment, and Momentum. It is ranked #9 out of 24 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry.
<a href="https://stocknews.com/stock/CQP/">Click here</a> to access additional CQP ratings for Value, Stability, and Growth.
Transportadora de Gas del Sur S.A. (<a href="https://stocknews.com/stock/TGS/">TGS</a>)
Headquartered in Buenos Aires, Argentina, TGS engages in the transportation of natural gas and production &amp; commercialization of natural gas liquids in Argentina and internationally. It operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.
During the fourth quarter of 2023, TGS' Mercedes-Cardales natural gas pipeline began its operations. With this complementary work to the President Nestor Kirchner natural gas pipeline, carried out by Energía Argentina S.A., more flexibility is provided to transfer natural gas between the transportation systems operated by TGS and in the Great Buenos Aires area.
TGS' trailing-12-month EBIT and EBITDA margins of 25.71% and 39.10% are 18.6% and 11.8% higher than the respective industry averages of 21.69% and 34.96%. Likewise, the stock's trailing-12-month ROTC of 8.62% is higher than the industry average of 8.50%.
TGS' revenue and EBITDA have grown at respective CAGRs of 75.1% and 58.5% over the past three years. The company's EBIT has increased 48.4% over the same timeframe, while its net income and EPS have improved at CAGRs of 68% and 68.7%, respectively.
For the fourth quarter that ended December 31, 2023, TGS reported revenues of ARS 102.48 billion ($121.13 million), while its operating profit was ARS 22.65 billion ($26.77 million) for the same period. Its operating profit from the Midstream and Telecommunications segment grew 160.8% year-over-year to ARS 13.23 billion ($15.64 million).
In addition, the company's free cash flow stood at ARS 8.54 billion ($10.10 million) during the fourth quarter, against negative free cash flow of ARS 13.56 billion ($16.03 million) during the fourth quarter of 2022.
Analysts expect TGS' revenue and EPS to increase 14.4% and 16.5% year-over-year to $908.61 million and $0.99 during the fiscal year 2024, respectively. Shares of TGS have gained 7.2% over the past six months and 14.9% over the past year to close the last trading session at $12.26.
TGS' POWR Ratings reflect its promising prospects. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has a B grade for Quality, Value, Momentum, Sentiment, and Stability. TGS is ranked #4 of 41 stocks within the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry.
To see additional POWR Ratings of TGS, <a href="https://stocknews.com/stock/TGS/">click here</a>.
NGL Energy Partners LP (<a href="https://stocknews.com/stock/NGL/">NGL</a>)
NGL engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products/renewables, and water solutions. The company operates in three segments: Water Solutions; Crude Oil Logistics; and Liquids Logistics.
On February 6, 2024, NGL declared a distribution of 50% of the arrearages earned and outstanding through December 31, 2023. Accordingly, each holder of the Class B Preferred Units received $4.44 per unit. Each holder of the Class C Preferred Units received $4.07 per unit on February 27, 2024, paid to holders of record at the close of trading on February 16, 2024.
Also, the board of directors declared a cash distribution of $115.03 million, which represents 50% of the arrearages earned on the Class D preferred units through December 31, 2023. The Class D Preferred distribution payments were also made on February 27, 2024.
On January 22, NGL Water Solutions commenced expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024.
The new addition of a second large-diameter pipeline, disposal wells, and facilities dramatically expands the capabilities of NGL's existing produced water super-system. Also, it creates a significantly larger outlet for produced water disposal within the Delaware Basin.
For the nine months that ended December 31, 2023, NGL reported total revenues of $5.33 billion, of which its revenue from the Water Solutions segment grew 9.1% year-over-year to $557.85 million. Its operating income increased marginally from the year-ago value to $259.84 million. Its net income came in at $93.61 million, up 9.2% from the prior year's period.
Further, the company's adjusted EBITDA of $462.54 million indicates a marginal year-over-year growth. Its total current assets amounted to $1.34 billion as of December 31, 2023, compared to $1.29 billion as of March 31, 2023.
Street expects NGL's EPS for the fiscal year (ending March 2025) to increase 190% year-over-year to $0.29. NGL's shares have gained 54.2% over the past six months and 53.4% over the past year to close the last trading session at $5.89.
NGL's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Growth and a B for Value and Momentum. Within the MLPs – Oil &amp; Gas industry, NGL is ranked #8 of 24 stocks.
In addition to the POWR Ratings we've stated above, we also have NGL ratings for Quality, Stability, and Sentiment. Get all NGL ratings <a href="https://stocknews.com/stock/NGL/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CQP shares were unchanged in premarket trading Friday. Year-to-date, CQP has declined -0.26%, versus a 8.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/cqp-tgs-ngl-lng-light-up-your-portfolio-with-these-3-gas-stocks/>Light up Your Portfolio With These 3 Gas Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Light up Your Portfolio With These 3 Gas Stocks

Surging oil & natural gas demand and ample technological advancements continue to drive the energy sector's growth and evolution. Amid this backdrop, fundamentally strong energy stocks TotalEnergies (TTE), Cheniere Energy (LNG), and ChampionX Corporation (CHX) might be ideal buys to accelerate one's portfolio. Read more… The energy sector is thriving, propelled by surging energy consumption amid economic growth and industrialization and numerous innovations in energy production and distribution technology. Therefore, investors could consider buying top energy stocks TotalEnergies SE (<a href="https://stocknews.com/stock/TTE/">TTE</a>), Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>), and ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>) for portfolio gains.
The Organization of the Petroleum Exporting Countries (OPEC) expects strong oil demand growth. The world oil demand is expected to rise by <a href="https://www.reuters.com/business/energy/opec-sticks-oil-demand-view-sees-better-economic-growth-2024-02-13/#:~:text=The%20Organization%20of%20the%20Petroleum,additional%20tailwind%20to%20oil%20demand.">2.25 million bpd in 2024 and 1.85 million bpd in 2025</a>, respectively. Economic growth forecasts are raised by 0.1% points for both years, with expected growth of 2.7% in 2024 and 2.9% in 2025, supported by easing general inflation.
Meanwhile, natural gas demand will surge due to economic growth, industrialization, and infrastructure development. The global LNG market is projected to grow at a <a href="https://finance.yahoo.com/news/global-liquefied-natural-gas-lng-110000120.html#:~:text=New%20York%2C%20United%20States%2C%20Jan,7.6%25%20during%20the%20projected%20period.">CAGR of 7.6%</a> to reach $213.78 billion by 2032. Moreover, in the U.S., the shift to natural gas, particularly in power generation, fuels the demand for LNG, supported by robust infrastructure and industrial activities.
According to the estimates by the U.S. Energy Information Administration (EIA), 118 Bcf/d of natural gas was consumed in the U.S. in January, setting a new monthly record driven by the electric power sector. EIA further forecasts that U.S. natural gas consumption will <a href="https://www.eia.gov/outlooks/steo/#a__text_The_20new_20capacity_20will_20boost_and_20be_20unchanged_20in_202025_">increase by 5% year-over-year in the first quarter of 2023</a>.
Furthermore, the oil and gas industry is experiencing significant growth boosted by increasing digitalization, rising exploration activities, and growing energy consumption, with advanced technologies offering efficiency and safety benefits. The global oil &amp; gas automation market is estimated to grow at a significant CAGR of 6.7% to reach <a href="https://www.acumenresearchandconsulting.com/oil-gas-automation-market#:~:text=The%20Global%20Oil%20%26%20Gas%20Automation,6.7%25%20from%202022%20to%202030.">$33.34 billion by 2030</a>.
Continued advancements in exploration and production technologies, including hydraulic fracturing and horizontal drilling, have enabled the extraction of unconventional oil and gas reserves, leading to enhanced production and industry growth.
Considering these conducive trends, let's discuss the fundamentals of three energy stock picks: TTE, LNG, and CHX.
TotalEnergies SE (<a href="https://stocknews.com/stock/TTE/">TTE</a>)
Based in Courbevoie, France, TTE is a global multi-energy company that engages in producing and marketing fuels, natural gas, and electricity. It operates through five segments:  Integrated Gas, Renewables &amp; Power; Exploration &amp; Production; Refining &amp; Chemicals; and Marketing &amp; Services.
On February 29, 2024, TTE signed a 16-year sale and purchase (SPA) agreement with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries, to supply up to 0.8 million tons per annum (Mtpa) of LNG starting in 2027. The LNG will be sourced from TotalEnergies' global portfolio. This new deal adds to the companies' current SPA, which is until 2029.
This agreement underscores TTE's commitment to supporting Singapore's energy security and decarbonization efforts while enhancing its position as a major global LNG player.
On February 6, TTE proposed a <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> for fiscal year 2023 of €3.01 ($2.22) per share, up 7.1% from the ordinary dividend for fiscal year 2022 of €2.81 ($2.07) per share. Taking into consideration the three interim dividends of €0.74 ($0.55) /share previously decided by the Board of Directors, the final dividend for fiscal year 2023 will be €0.79 ($0.58) /share.
TTE's final dividend will be paid in cash on July 1, 2024, to shareholders and on July 11, 2024. The company's annual dividend translates to a yield of 4.97% on the prevailing price level.
TTE reported revenues from sales of $54.77 billion in the fourth quarter that ended December 31, 2023. The company reported an adjusted net operating income and adjusted EBITDA of $5.55 billion and $11.70 billion, respectively. Also, cash inflow from operating activities was $16.15 billion, an increase of 70% from the previous quarter.
Street expects TTE's revenue and EPS to be $217.33 billion and $9.01, respectively, for the fiscal year ending December 2024. For the fiscal year 2025, its EPS is expected to grow 3.1% year-over-year to $9.29. Moreover, the company has surpassed consensus revenue estimates in three of the trailing four quarters.
TTE's shares have gained 12% over the past nine months to close the last trading session at $64.50. Also, the stock surged marginally intraday.
TTE's <a href="https://stocknews.com/powr-ratings/">POWR</a><a href="https://stocknews.com/powr-ratings/"> Ratings</a> reflect this strong outlook. The stock has an overall B rating, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
TTE has a B grade for Momentum, Stability, and Quality. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #3 among 83 stocks.
In addition to the POWR Ratings stated above, one can access TTE's additional Growth, Value, and Sentiment ratings <a href="https://stocknews.com/stock/TTE/">here</a>.
Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>)
LNG is an energy infrastructure company specializing in liquefied natural gas (LNG) related operations. The company owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas. Also, it owns the Creole Trail pipeline and operates the Corpus Christi pipeline.
On February 23, 2024, LNG paid a quarterly cash dividend of $0.435 per common share. The company pays $1.74 annually, which translates to a yield of 1.11% on the prevailing price level, higher than its four-year average dividend yield of 0.46%.
On November 29, 2023, LNG and Cheniere Energy Partners, LP (<a href="https://stocknews.com/stock/CQP/">CQP</a>) announced today that Sabine Pass Liquefaction Stage V, LLC entered a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a subsidiary of ARC Resources Ltd. (ARX), a prominent natural gas producer based in Canada.
Under the IPM deal, ARC Resources will sell 140,000 MMBtu per day of natural gas to SPL Stage 5 for a term of 15 years, starting with commercial operations of the first train of the Sabine Pass Liquefaction Expansion Project. This agreement might enable Cheniere to deliver higher quantities of Canadian natural gas to Europe.
During the fourth quarter, which ended December 31, 2023, LNG's total revenues amounted to $4.82 billion. The company posted income from operations and net income of $2.44 billion and $1.83 billion, respectively. As of December 31, 2023, its total assets amounted to $43.08 billion, compared to its total assets of $41.27 billion as of December 31, 2022.
The company forecasts a consolidated adjusted EBITDA for the fiscal year 2024, ranging between $5.50 billion and $6 billion, while its distributable cash flow is expected to fall between $2.90 billion and $3.40 billion.
For the fiscal year ending December 2025, analysts expect LNG's revenue and EPS to increase 22% and 14.3% year-over-year to $20.69 billion and $10.34, respectively. Also, the company surpassed consensus EPS estimates in each of the trailing four quarters.
The stock has gained 9.8% over the past nine months to close the last trading session at $156.18.
LNG's robust fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
The stock has a B grade for Momentum, Sentiment, and Quality. In the Energy - Oil &amp; Gas industry, LNG is ranked #11 of 83 stocks.
To access additional ratings for LNG's Growth, Value, and Stability, <a href="https://stocknews.com/stock/LNG/">click here</a>.
ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>)
CHX provides chemistry solutions, artificial lift systems, and engineered equipment &amp; technologies to oil and gas companies globally. The company operates through Production Chemical Technologies, Production &amp; Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies segments.
On February 27, 2024, CHX acquired Artificial Lift Performance Limited (ALP), bolstering its digital solutions portfolio for oil and gas production optimization. This strategic move combines ALP's advanced analytics expertise with CHX's XSPOC&#x2122; software to enhance productivity and profitability for customers' producing assets.
On February 5, CHX's Board approved a 12% increase in the regular quarterly dividend to  $0.095 per common share, payable on April 26, 2024. The company pays $0.38 annually, which translates to a yield of 1.19% on the prevailing price level. Its four-year average dividend yield is 0.42%.
In the fourth quarter, which ended December 31, 2023, CHX reported revenue of $943.56 million. The company's adjusted EBITDA came in at $198.15 million, an increase of $10.4% from the prior year's quarter. Moreover, its adjusted EPS attributable to CHX rose 2.3% year-over-year to $0.44.
Furthermore, the company's cash flow from operating activities was $169 million during the fourth quarter, and it generated free cash flow of $140 million, converting 71% of its adjusted EBITDA for the period.
Street expects CHX's revenue and EPS to grow 3.6% and 11% year-over-year to $3.89 billion and $1.99, respectively, for the fiscal year ending December 2024. In addition, the company topped consensus EPS estimates in three of the trailing four quarters, which is promising.
CHX's stock has surged 17% over the past month and 21.6% over the past nine months to close the last trading session at $31.89. Also, it gained 2.7% intraday.
CHX's POWR Ratings reflect its optimistic prospects. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
The stock has a B grade for Quality. Within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, CHX is ranked #10 out of 51 stocks.
<a href="https://stocknews.com/stock/CHX/">Click here</a> to see CHX's ratings for Growth, Value, Momentum, Stability, and Sentiment.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TTE shares were unchanged in premarket trading Monday. Year-to-date, TTE has declined -4.27%, versus a 7.90% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/tte-lng-chx-cqp-3-energy-stocks-to-accelerate-your-portfolio-gains/>3 Energy Stocks to Accelerate Your Portfolio Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks to Accelerate Your Portfolio Gains

Oil prices supported by stronger demand in Europe: Goldman Sachs

Mexico said to cut some oil exports as global supplies tighten

Cheniere Energy Partners LP (CQP) just unveiled an update. Cheniere Energy Partners has announced the addition of Matthew Hutton and Matthew Runkle...

Cheniere Energy Updates Board with New Director Appointments

The oil industry's prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. - Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on… The increasing oil demand for transportation, manufacturing, and other industrial activities and the adoption of advanced technologies have put the oil industry in a bright spot, expecting it to grow significantly in the near-term. Therefore, investors could watch fundamentally robust oil stocks BP p.l.c. (<a href="https://stocknews.com/stock/BP/">BP</a>), Petróleo Brasileiro S.A. - Petrobras (<a href="https://stocknews.com/stock/PBR/">PBR</a>), and Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>) for returns in April.
OPEC projects <a href="https://oilprice.com/Energy/Crude-Oil/OPEC-Remains-Upbeat-on-Oil-Demand-as-Its-Sees-Brighter-Economic-Prospects.html">global oil demand</a> to expand by 2.2 million bpd in 2024 and 1.8 million bpd annual growth next year. <a href="https://www.reuters.com/markets/commodities/oil-holds-onto-gains-investors-bet-tighter-supply-2024-04-01/">Brent and U.S. WTI futures contracts rallied recently</a> due to growing concerns about the potential for a supply deficit during the peak summer driving season, potentially arising from production cuts from OPEC+, Ukrainian drone attacks on Russian refineries, and retaliatory attacks on Ukrainian oil facilities, and tensions in the Middle East.
Bank of America energy analysts have boosted their price forecast for Brent for this year to <a href="https://oilprice.com/Latest-Energy-News/World-News/BofA-Sees-Summer-Oil-Price-Peak-at-95-Per-Barrel.html">average at $86 per barrel</a> and peak at $95 per barrel this summer. It anticipates WTI to reach $81 a barrel.
The oil and gas market is forecasted to <a href="https://www.thebusinessresearchcompany.com/report/oil-and-gas-global-market-report">reach $9.35 trillion</a> by 2028, growing at a CAGR of 5.2%, driven by resource exploration, governmental initiatives, and investments in developing nations.
Moreover, oil companies have started integrating advanced technologies like <a href="https://oilmanmagazine.com/how-does-ai-speed-up-oil-and-gas-operations-unveiling-tech-driven-efficiencies/">artificial intelligence (AI)</a> and utilizing them for their exploration and output processes to cut costs and enhance operations. This digital adoption has transformed the industry, leading it to make smarter and more efficient decisions, which will significantly contribute to the growth of the oil sector.
To that end, let's examine the fundamentals of the three stocks to watch in the oil industry.
BP p.l.c. (<a href="https://stocknews.com/stock/BP/">BP</a>)
Headquartered in London, the United Kingdom, BP provides carbon products and services. The company operates through Gas &amp; Low Carbon Energy; Oil Production &amp; Operations; and Customers &amp; Products segments. 
On March 11, BP announced the early tender results for the previously announced cash tender offer by its wholly-owned subsidiary BP Capital Markets p.l.c. to purchase for cash any validly tendered and accepted notes up to an aggregate principal amount of $1.3 billion of notes issued by the offeror.
Its annualized <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $1.74 per share translates to a dividend yield of 4.51% on the current share price. Its four-year average yield is 5.79%. Over the past three years, BP's dividend payments have grown at a 2.7% CAGR.
BP's trailing-12-month cash from operations of $32.04 billion is significantly higher than the industry average of $667.91 million. Its trailing-12-month ROCE and ROTC of 22.12% and 11.53% are 26% and 39% higher than the industry averages of 17.56% and 8.29%, respectively.
For the fiscal fourth quarter that ended December 31, 2023, BP's total revenues and other income, and profit before interest and taxation stood at $52.59 billion and $2.08 billion, respectively. Moreover, its adjusted EBITDA stood at $10.57 billion.
For the same quarter, its profit for the period attributable to BP shareholders and profit for the period attributable to BP shareholders per ADS stood at $371 million and $0.13, respectively.
Street expects BP's revenue for the fiscal first quarter that ended March 2024 to increase marginally year-over-year to $56.43 billion. Its EPS is expected to be $1.05 for the same quarter.
The stock has gained 9.5% over the past nine months to close the last trading session at $38.66. Over the past month, it has gained 8%.
BP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
BP has a B grade for Value, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry, it is ranked #16 out of 40 stocks.
To see additional POWR Ratings for Growth, Stability, and Sentiment for BP, <a href="https://stocknews.com/stock/BP/">click here</a>.
Petróleo Brasileiro S.A. - Petrobras (<a href="https://stocknews.com/stock/PBR/">PBR</a>)
Headquartered in Rio de Janeiro, Brazil, PBR explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power segments. 
Its annualized dividend of $2.94 per share translates to a dividend yield of 19.66% on the current share price. Its four-year average yield is 22.70%. Over the past three years, PBR's dividend payments have grown at a 54.7% CAGR.
PBR's trailing-12-month cash from operations of $44.46 billion is significantly higher than the industry average of $667.91 million. Its trailing-12-month net income and levered FCF margins of 24.34% and 28.41% are 86.7% and 344.9% higher than the industry averages of 13.04% and 6.39%, respectively.
For the fiscal fourth quarter that ended December 31, 2023, PBR's sales revenues stood at $27.11 billion, while gross profit increased marginally year-over-year to $14.65 billion. Moreover, its adjusted EBITDA stood at $13.47 billion.
For the same quarter, its net income attributable to shareholders of PBR and net cash provided by operating activities stood at $6.26 billion and $11.67 billion, respectively.
Street expects PBR's revenue and EPS for the fiscal first quarter that ended March 2024 to be $25.33 billion and $0.91, respectively. The company surpassed consensus EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 48.6% over the past year to close the last trading session at $15.49. Over the past nine months, it has gained 13.9%.
PBR's POWR Ratings reflect this promising outlook. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
PBR has an A grade for Quality and a B for Momentum. Within the Foreign Oil &amp; Gas industry, it is ranked #10.
For PBR's other ratings (Growth, Value, Stability, and Sentiment), <a href="https://stocknews.com/stock/PBR/">click here</a>.
Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>)
CQP provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. It owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG production terminal.
On February 7, CQP distributed cash of $1.04 per common unit to unitholders that comprised of a base amount equal to $0.78 and a variable amount equal to $0.26, and the related distribution to its general partner. Its annualized dividend of $4.13 per share translates to a dividend yield of 8.40% on the current share price. Its four-year average yield is 2.03%.
CQP's trailing-12-month cash from operations of $3.11 billion is 365.5% higher than the industry average of $667.91 million. Its trailing-12-month ROTC and ROTA of 21.41% and 23.50% are 158.2% and 251.9% higher than the industry averages of 8.29% and 6.68%, respectively.
For the fiscal fourth quarter that ended December 31, 2023, CQP's total revenues and income from operations stood at $2.69 billion and $1.10 billion, respectively. Moreover, its adjusted EBITDA stood at $1.05 billion. For the same quarter, its net income, and basic and adjusted net income per common unit stood at $906 million and $1.42, respectively.
Street expects CQP's revenue and EPS for the fiscal first quarter that ended March 2024 to be $2.21 billion and $1.09, respectively.
The stock has gained 4.1% over the past year to close the last trading session at $48.42.
CQP's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, equating to Buy in our proprietary rating system.
CQP has a B grade for Momentum, Sentiment, and Quality. It is ranked #10 out of 24 stocks within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry.
<a href="https://stocknews.com/stock/CQP/">Click here</a> for the additional POWR Ratings for CQP (Growth, Value, and Stability).
What To Do Next?
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<hr />
BP shares fell $0.02 (-0.05%) in premarket trading Monday. Year-to-date, BP has gained 10.54%, versus a 9.41% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/bp-pbr-cqp-3-oil-stocks-to-watch-for-returns-in-april/>3 Oil Stocks to Watch for Returns in April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil Stocks to Watch for Returns in April

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