Cheniere Energy Stock Price, News & Analysis

Cheniere Energy Partners, L.P. (NYSE American: CQP) has initiated a cash tender offer to buy back all of its $1.1 billion of outstanding 5.625% Notes due 2026. The offer details include a tender consideration of $980 per $1,000 principal amount, plus an early tender premium of $50. The tender offer will expire on October 12, 2021, unless extended. The company is also soliciting consents to amend certain indenture provisions. To proceed, Cheniere must secure at least $1.2 billion in gross proceeds from debt financing.

Cheniere Energy Partners, L.P. (CQP) announced its intention to offer $1.2 billion in Senior Notes due 2032. The proceeds will be used to refinance existing senior notes due in 2026 and a portion of Sabine Pass Liquefaction, LLC's senior notes due 2022, along with other fees and expenses. The new notes will rank equally with existing senior notes. The offering has not been registered under the Securities Act, and sales are restricted absent registration or exemption. Forward-looking statements regarding business strategy and objectives are included, highlighting potential risks and uncertainties.

Cheniere Energy Partners, L.P. (CQP) announced its Q2 2021 financial results, reporting a net income of $395 million and adjusted EBITDA of $690 million. Year-to-date revenues increased by 29% to $1.889 billion. The company declared a cash distribution of $0.665 per unit, payable on August 13, 2021. While net income decreased by 3% compared to Q2 2020, LNG export volumes rose significantly—87 cargoes in Q2 2021 versus 58 in Q2 2020. Cheniere reaffirmed its distribution guidance for 2021, predicting $2.60 to $2.70 per unit.

Cheniere Energy Partners, L.P. (CQP) announced a cash distribution of $0.665 per common unit, annualized to $2.66, to unitholders of record as of August 6, 2021. Payments are scheduled for August 13, 2021. The press release also notes that distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate due to their linkage to U.S. trade or business income. Cheniere Partners operates five natural gas liquefaction Trains and is constructing an additional one at the Sabine Pass terminal, with a total capacity of approximately 30 mtpa of LNG.

Cheniere Energy Partners, L.P. (CQP) reported a net income of $347 million for Q1 2021, down 20% from the previous year, with adjusted EBITDA at $779 million. Revenues increased 14% to $1,963 million. A distribution of $0.660 per unit was declared, payable on May 14, 2021. Significant progress was made on Train 6 of the Sabine Pass LNG Project, now expected to be completed in H1 2022. The company also supplied a carbon-neutral LNG cargo to Shell. Full-year 2021 distribution guidance remains between $2.60 and $2.70 per unit.

Cheniere Energy Partners, L.P. (NYSE American: CQP) announced a cash distribution of $0.660 per common unit, annualized to $2.64, payable on May 14, 2021, to unitholders recorded as of May 6, 2021. This press release also notifies foreign investors that distributions are subject to federal income tax withholding at the highest effective tax rate. Cheniere Partners operates five liquefaction trains at the Sabine Pass LNG terminal and is constructing an additional train, bringing total capacity to approximately 30 mtpa of LNG.

Cheniere Partners (CQP) announced the early tender results for its 5.250% Notes due 2025 as of March 10, 2021. A total of $741.57 million, representing 49.44% of the $1.5 billion outstanding Notes, were tendered by the deadline. Those who participated will receive a total consideration of $1,027.27 per $1,000 principal amount of Notes tendered, including a $50 early tender premium. The tender offer will expire on March 24, 2021, with early settlement expected on March 11, 2021. The offer is subject to various conditions, including financing availability.

Cheniere Energy Partners (NYSE American: CQP) has amended its tender offer for its 5.250% Notes due 2025 by removing the tender cap and extending the offer to purchase all outstanding $1.5 billion of these Notes. The expected early settlement date is March 11, 2021. In conjunction, the company is seeking consents to amend the indenture, aiming to reduce the minimum notice period for redemption. Holders who have already tendered their Notes do not need to re-tender. The offer expires on March 24, 2021, unless extended.

Cheniere Energy Partners, L.P. (NYSE American: CQP) has upsized its offering of Senior Notes due 2031 from $1.0 billion to $1.5 billion. The CQP 2031 Notes will bear an interest rate of 4.00% and are set to mature on March 1, 2031. The proceeds will be used to refinance outstanding senior notes due 2025 and cover related fees and expenses. This offering has not been registered under the Securities Act, meaning sales are restricted without proper registration or exemptions.