Cheniere Energy Partners (CQP) is scheduled to release its earnings for 1Q15 on April 29. Its stock closed at $31.93 as of April 22.
Analyzing Cheniere Partners’ stock since December last year, we can see that it returned ~11%.
It had negative returns earlier on, as the graph above notes. Currently, it’s trading at levels higher than December.
Cheniere Energy Partners outperformed both the Energy Select Sector SPDR ETF (XLE)—the benchmark energy sector ETF, as well as the Alerian MLP ETF (AMLP)—the benchmark MLP (master limited partnership) ETF. However, its parent, Cheniere Energy (LNG), had superior price returns in the group. It gave ~16% positive returns since last December.
This shows that investors seem to be confident about Cheniere Energy Partners’ performance—despite weakness in commodity prices.
Although the company does face some uncertainties and risks, its “take-or-pay” contracts ensured firm grounding and positive growth prospects for Cheniere Energy Partners. We’ll discuss this in more detail later in this series.
Cheniere Energy Partners is a publicly traded MLP. It was created by Cheniere Energy. Cheniere Energy owns 100% of Cheniere Energy Partners’ general partner—Cheniere Energy Partners GP, LLC. Cheniere Energy engages in the LNG (liquefied natural gas) business.
It’s part of the iShares U.S. Energy ETF (IYE). It accounts for 1.01% of IYE.
In the next part of this series, we’ll analyze Cheniere Energy Partners’ historical performance.