Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Cheniere Energy Partners (AMEX: CQP) fell 15% today after the company released earnings.

So what: The company reported a net loss of $2.6 million in the quarter, or a per-share loss of $0.02. But the reason for the big move was a huge spike in trading that bumped volume higher. In the past three months, an average of 180,000 shares traded hands per day, but today nearly 1 million shares had traded hands with over an hour left in the trading day.

Now what: The company is expecting to maintain annualized distributions at $1.70, so investors are focusing on the weaker results this quarter instead of a rising yield. After the drop, Cheniere now has an even more attractive 8.7% yield, but the loss has me a little concerned. I am going to leave today's move alone on worries about lower earnings and a fast falling cash level.

Interested in more info on Cheniere Energy Partners? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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