How did CQP's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/9/2025 03:39pm
**Cheniere Energy Partners (CQP) experienced a decline in revenue and a drop in expenses in Q4 2024 compared to the previous quarter.**
1. **Revenue Trend**: The total revenue for CQP in Q4 2024 was $2.46 billion. In the preceding quarter, the revenue was $2.3 billion. This indicates a slight increase in revenue, but the difference is not significant. When compared to the quarter before that, there was a more notable increase from $2.06 billion to $2.3 billion.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|CQP|CQP.N|Cheniere Energy Partners|2024 Q1|-21.323277339732602|2.295E9|169|
|CQP|CQP.N|Cheniere Energy Partners|2024 Q2|-2.0175892395240558|1.894E9|169|
|CQP|CQP.N|Cheniere Energy Partners|2024 Q3|-3.430451127819549|2.055E9|169|
|CQP|CQP.N|Cheniere Energy Partners|2024 Q4|-8.413998510796723|2.46E9|169|
2. **Expense Trend**: Unfortunately, there are no available data on the expenses of CQP in Q4 2024 or the previous quarters. However, it is known that the cost of sales in the fourth quarter of 2023 decreased to $1.1 billion from $1.4 billion in the same period of the previous year, and the operating and maintenance expenses also decreased to $199 million from $207 million. This suggests a trend of decreasing costs over the past year.
3. **Insights from Analysts**: Analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Cheniere Energy Partners in a report issued on Tuesday, September 10th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.13 for the quarter, down from their previous estimate of $1.19. This indicates a potential decrease in earnings, which could be related to lower expenses or other factors affecting profitability.
In summary, while there was a slight increase in revenue from Q3 to Q4 2024, there was a decrease in expenses from the previous quarter of 2023 to Q4 2024, as indicated by the available data. However, the trend of expenses decreasing over time cannot be confirmed without data for Q4 2024 and earlier quarters.