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Cheniere Energy Partners LP - CQP STOCK NEWS

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

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Rhea-AI Summary
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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0.02%
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Rhea-AI Summary
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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Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. have been approved for uplisting to the New York Stock Exchange from the NYSE American. The common stock of Cheniere and the common units of Cheniere Partners will commence trading on the NYSE effective February 5, 2024. Cheniere will continue to trade under the symbol 'LNG' and Cheniere Partners will continue to trade under the symbol 'CQP.' Zach Davis, Cheniere's Executive Vice President and Chief Financial Officer, expressed gratitude to the NYSE American and looks forward to furthering success as part of the NYSE family.
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Cheniere Energy Partners, L.P. (CQP) declared a cash distribution of $1.035 per common unit to unitholders of record as of February 7, 2024, consisting of a base amount of $0.775 and a variable amount of $0.260. The distributions are payable on February 14, 2024. However, publicly traded partnerships earning net income connected with a US trade or business are required to withhold US income tax from distributions paid to foreign persons, subjecting the distributions to federal income tax withholding at the highest applicable effective tax rate for foreign investors.
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Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, LP (NYSE American: CQP) have entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a subsidiary of ARC Resources Ltd. (TSX: ARX), for the Sabine Pass Liquefaction Expansion Project. The agreement will support increased LNG supplies into Europe, with ARC Resources selling 140,000 MMBtu per day of natural gas to SPL Stage 5 for 15 years. The IPM agreement is subject to a positive Final Investment Decision with respect to Train 7, and the LNG associated with this gas supply will be marketed by Cheniere Marketing International LLP. Additionally, Cheniere Marketing has entered into an LNG sale and purchase agreement with OMV Gas Marketing and Trading GMBH for up to 12 LNG cargoes per year, commencing in late 2029.
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Cheniere Energy, Inc. has entered into a 20-year LNG sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. The agreement entails the purchase of approximately 0.9 million tonnes per annum (mtpa) of LNG for 20 years. Deliveries will begin upon the start of commercial operations of the second train of the Sabine Pass Liquefaction Expansion Project in Louisiana. The SPA supports China's commitment to growing natural gas as a primary energy source and provides Foran with a flexible and reliable LNG solution for its operations.
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Cheniere Energy, Inc. (LNG) reported its financial results for Q3 2023, with revenues of $4.2 billion and net income of $1.7 billion. The company reconfirmed its full-year 2023 financial guidance, with projected consolidated adjusted EBITDA of $8.3 billion - $8.8 billion and distributable cash flow of $5.8 billion - $6.3 billion. Cheniere prepaid $50 million and $1.1 billion of long-term debt during the quarter, repurchased shares, and increased its quarterly dividend by 10%.
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Cheniere Energy Partners, L.P. (NYSE American: CQP) reported Q3 2023 revenues of $2.1B and net income of $791M, with a cash distribution of $1.03 per common unit. The company reconfirmed its full-year 2023 distribution guidance of $4.00 - $4.25 per common unit.
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Cheniere Energy Partners LP

NYSE:CQP

CQP Rankings

CQP Stock Data

22.60B
142.04M
49.57%
46.63%
0.14%
Natural Gas Distribution
Utilities
Link
US
Houston

About CQP

cheniere energy, inc. (nyse mkt: lng) (cheniere), is a houston-based energy company primarily engaged in lng-related businesses. we own and operate the sabine pass lng receiving terminal and creole trail pipeline located in louisiana, through our general partner ownership interest in and management agreements with cheniere energy partners, l.p. (nyse mkt: cqp) (cheniere partners) and our partial ownership interest in cheniere energy partners holdings, llc (nyse mkt: cqh). cheniere partners is developing, constructing and operating a liquefaction project at the sabine pass lng terminal (the "spl project"​) adjacent to the existing regasification facilities for up to six trains, with expected aggregate nominal production capacity of approximately 27.0 mtpa of lng. train 1 commenced operations in may 2016, and trains 2-5 are currently under construction. cheniere is developing and constructing additional liquefaction facilities near corpus christi, texas (the "corpus christi lng terminal"