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Cheniere Energy Partners, L.P. - CQP STOCK NEWS

Welcome to our dedicated page for Cheniere Energy Partners, L.P. news (Ticker: CQP), a resource for investors and traders seeking the latest updates and insights on Cheniere Energy Partners, L.P. stock.

Cheniere Energy Partners, L.P. (NYSE MKT: CQP) is a prominent Houston-based energy company specializing in LNG-related businesses. The company is known for owning and operating the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline in Louisiana. These assets are managed through its general partner ownership interest and management agreements with Cheniere Energy, Inc. (NYSE MKT: LNG). Additionally, Cheniere Partners has a partial ownership interest in Cheniere Energy Partners Holdings, LLC (NYSE MKT: CQH).

Cheniere Partners is actively involved in the development, construction, and operation of the Sabine Pass Liquefaction Project (SPL Project). This project, located adjacent to the existing regasification facilities, aims to establish up to six liquefaction trains with a projected aggregate nominal production capacity of approximately 27.0 million tonnes per annum (MTPA) of LNG. Train 1 commenced operations in May 2016, while Trains 2-5 are currently under construction.

Aside from its facilities in Louisiana, Cheniere Partners is also expanding its footprint with the development and construction of additional liquefaction facilities near Corpus Christi, Texas (Corpus Christi LNG Terminal). This strategic expansion aligns with the company’s mission to meet the growing global demand for LNG.

Cheniere Partners directly owns the Sabine Pass LNG terminals and regasification facilities, along with the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. The company also benefits from marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

As the energy landscape evolves, Cheniere Partners continues to play a significant role in the LNG sector by leveraging its state-of-the-art infrastructure and strategic projects. This positions the company as a key player in the global energy market, driving innovation and sustainability in natural gas liquefaction and transportation.

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Cheniere Energy (NYSE: LNG) announced it will release its second quarter 2024 financial results on August 8, 2024, before the market opens. The company will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the results. Interested parties can access a listen-only webcast and slide presentation via the Cheniere website. A replay of the webcast will be available post-event on the company's website.

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Cheniere Energy Partners, L.P. (NYSE: CQP) priced $1.2 billion Senior Notes due 2034 with an interest rate of 5.750% per year, maturing on August 15, 2034, issued at a price of 99.820% of par. Proceeds will be used to redeem part of the SPL 2025 Notes, ranking pari passu with existing senior notes at Cheniere Partners. The offering is not registered under the Securities Act of 1933.

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Cheniere Energy Partners, L.P. announced the offering of Senior Notes due 2034, with proceeds to be used to redeem a portion of existing senior secured notes. The offering does not constitute an offer to purchase or solicitation to sell existing notes. The CQP 2034 Notes will rank equally in right of payment with existing senior notes. The offering has not been registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.

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Cheniere Energy Partners, L.P. reported first quarter 2024 financial results, including $2.3 billion in revenues, $682 million in net income, and $1.0 billion in Adjusted EBITDA. They also reconfirmed full year 2024 distribution guidance of $3.15 - $3.35 per common unit. The company submitted applications for project expansions and has over 2,490 cumulative LNG cargoes exported from its facilities.

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Cheniere Energy, Inc. reported strong financial results for the first quarter of 2024 with revenues of $4.3 billion and net income of $0.5 billion. The company reconfirmed its full-year 2024 guidance for Consolidated Adjusted EBITDA and Distributable Cash Flow. During the quarter, Cheniere repurchased shares, prepaid debt, and paid dividends. The company is focused on LNG capacity expansions at Sabine Pass and Corpus Christi. However, there was a significant decrease in Consolidated Adjusted EBITDA and net income compared to the same period in 2023 due to unfavorable changes in derivative instruments and moderating international gas prices. Cheniere's strong liquidity position and recent key financial transactions demonstrate a sound balance sheet management strategy.

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Cheniere Energy Partners, L.P. (NYSE: CQP) announced a quarterly cash distribution of $0.810 per common unit to unitholders of record as of May 9, 2024. The distribution includes a base amount of $0.775 and a variable amount of $0.035, payable on May 15, 2024. These distributions are subject to US withholding tax for foreign investors, with all distributions being attributed to income connected with a US trade or business.

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Cheniere Energy, Inc. (LNG) will release its first quarter 2024 financial results on May 3, 2024. An investor conference call will follow to discuss the results.
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Cheniere Energy Partners, L.P. (CQP) releases its 2023 Annual Report on Form 10-K, available for investors on its website and filed with the SEC. The report includes financial statements and can be obtained in hard copy for free.
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Cheniere Energy Partners, L.P. (CQP) reported financial results for Q4 and full year 2023, with revenues of $2.7 billion and $9.7 billion, net income of $906 million and $4.3 billion, and Adjusted EBITDA of $1.1 billion and $3.6 billion, respectively. The company declared a cash distribution of $1.035 per common unit for Q4 2023, and introduced a 2024 distribution guidance of $3.15 - $3.35 per common unit. Cheniere Partners transitioned from NYSE American to NYSE trading, continuing under the symbol 'CQP'. The company announced a long-term gas supply agreement with ARC Resources U.S. Corp. for the purchase of natural gas for LNG production. Financially, net income and Adjusted EBITDA decreased compared to 2022, primarily due to changes in fair value of derivative portfolio and lower regasification revenues. Despite challenges, the company maintains strong liquidity of $2.4 billion as of December 31, 2023.
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Cheniere Energy, Inc. announced its financial results for Q4 and full year 2023, with revenues of $4.8B and $20.4B, net income of $1.4B and $9.9B, and Consolidated Adjusted EBITDA of $1.65B and $8.8B respectively. Full-year 2024 guidance projects Consolidated Adjusted EBITDA of $5.5B - $6.0B and Distributable Cash Flow of $2.9B - $3.4B.
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FAQ

What does Cheniere Energy Partners, L.P. do?

Cheniere Energy Partners, L.P. specializes in LNG-related businesses, including owning and operating the Sabine Pass LNG terminal and Creole Trail Pipeline.

Where are Cheniere Partners' major facilities located?

Cheniere Partners' major facilities are located in Louisiana and Texas, including the Sabine Pass LNG terminal and Corpus Christi LNG terminal.

What is the Sabine Pass Liquefaction Project (SPL Project)?

The SPL Project is a development at Sabine Pass aiming to establish up to six liquefaction trains with a production capacity of approximately 27.0 MTPA of LNG.

When did Train 1 of the SPL Project commence operations?

Train 1 of the SPL Project began operations in May 2016.

What is the purpose of the Creole Trail Pipeline?

The Creole Trail Pipeline connects the Sabine Pass LNG terminal to third-party gas suppliers.

Does Cheniere Partners have any partnerships?

Yes, Cheniere Partners has management agreements and partial ownership interests involving Cheniere Energy, Inc. and Cheniere Energy Partners Holdings, LLC.

What is the capacity of the liquefaction trains at Sabine Pass?

The liquefaction trains at Sabine Pass are expected to have an aggregate nominal production capacity of about 27.0 million tonnes per annum of LNG.

What other projects is Cheniere Partners involved in?

Cheniere Partners is also developing and constructing additional liquefaction facilities at the Corpus Christi LNG terminal in Texas.

How does Cheniere Partners benefit from Cheniere Marketing?

Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from the marketed gas volumes of Sabine Pass.

What industry does Cheniere Energy Partners, L.P. operate in?

Cheniere Energy Partners, L.P. operates in the LNG (liquefied natural gas) industry, focusing on liquefaction, transportation, and terminal operations.

Cheniere Energy Partners, L.P.

NYSE:CQP

CQP Rankings

CQP Stock Data

25.71B
484.04M
49.57%
46.66%
0.17%
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