Cheniere Energy Stock Price, News & Analysis

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.

Cheniere Energy Partners, L.P. (NYSE American: CQP) has announced its intention to offer $1.0 billion principal amount of Senior Notes due 2031 (the "CQP 2031 Notes"). The proceeds will be used to refinance existing senior notes due 2025 and cover related fees. The CQP 2031 Notes will rank equally with existing senior notes. The offering has not been registered under the Securities Act of 1933, and sales may be restricted without proper registration or exemption. Forward-looking statements in the release highlight planned business strategies and potential risks.

Cheniere Energy Partners (NYSE American: CQP) has initiated a cash tender offer to buy back up to $1.0 billion of its 5.250% Notes due 2025. The tender will accept a maximum of $1,000,000,000 in notes and includes an early tender premium of $50.00, leading to a total consideration of $1,027.27 per $1,000 principal amount. Additionally, Cheniere is seeking consents for amendments to the indenture governing the notes, notably to reduce the minimum notice period for optional redemption. The offer expires on March 24, 2021.

Cheniere Partners (CQP) reported a net income of $409 million for Q4 2020 and $1.18 billion for the full year, with adjusted EBITDA of $772 million and $2.76 billion, respectively. Total revenues rose 5% to $1.997 billion in Q4 but declined 10% for the year at $6.167 billion. Distribution guidance for 2021 is confirmed at $2.60 - $2.70 per unit. Despite an 18% drop in LNG volumes exported, margins improved due to higher long-term contract sales. The company is also progressing on the SPL Project with construction over 77% complete.

Cheniere Energy Partners, L.P. (NYSE American: CQP) announced a cash distribution of $0.655 per common unit, totaling $2.62 annualized, to unitholders of record as of February 8, 2021. The payment date is set for February 12, 2021. Notably, all distributions to foreign investors are subject to federal income tax withholding at the highest effective rate, as they are linked to U.S. trade income. Cheniere Partners operates five liquefaction trains at the Sabine Pass LNG terminal, with a total production capacity of approximately 30 mtpa of LNG.