Welcome to our dedicated page for Cheniere Energy Partners, LP news (Ticker: CQP), a resource for investors and traders seeking the latest updates and insights on Cheniere Energy Partners, LP 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.
Cheniere Energy announced the publication of an updated peer-reviewed life cycle assessment (LCA) study for the greenhouse gas (GHG) emissions intensities of its liquefied natural gas (LNG). This study, published in the American Chemical Society’s Sustainable Chemistry & Engineering Journal, includes a novel gas-pathing algorithm that enhances GHG emissions modeling across Cheniere's supply chain.
By integrating measurement data from the Company's facilities and collaborations with natural gas producers, midstream providers, shippers, and academic experts, the study leverages Cheniere’s multi-year Quantification, Monitoring, Reporting and Verification (QMRV) program. The updated LCA shows that the 2022 GHG emissions intensity of Cheniere’s LNG is 20-28% lower than the 2019 U.S. Department of Energy’s NETL study.
The study highlights the importance of integrating measurement data into LCAs to accurately characterize GHG emissions from natural gas supply chains, reinforcing the environmental competitiveness of Cheniere’s LNG.
Cheniere Partners (NYSE: CQP) reported Q3 2024 financial results with revenues of $2.1 billion and net income of $635 million, marking a 20% decrease in net income compared to Q3 2023. The company achieved Adjusted EBITDA of $852 million, up 7% year-over-year. LNG export volumes increased 5% to 377 TBtu with 104 cargoes shipped. The company declared a Q3 cash distribution of $0.810 per common unit and reconfirmed its full-year 2024 distribution guidance of $3.15-$3.35 per unit. Total available liquidity stood at $2.2 billion as of September 30, 2024.
Cheniere Energy (NYSE: LNG) reported Q3 2024 financial results with revenues of $3.8 billion and net income of $0.9 billion. The company raised its full-year 2024 guidance, with Consolidated Adjusted EBITDA now expected at $6.0-6.3 billion and Distributable Cash Flow at $3.4-3.7 billion. Key highlights include: repurchasing 1.6 million shares for $282 million in Q3, increasing quarterly dividend by 15% to $0.50 per share, and reaching the milestone of 1,000 LNG cargoes from the CCL Project. The company also signed a new 20-year LNG sale agreement with Galp for 0.5 mtpa starting in early 2030s.
Cheniere Energy (NYSE: LNG) has announced a voluntary Scope 1 annual methane intensity target for its liquefaction facilities, aiming to maintain 0.03% per tonne of LNG produced across its U.S. Gulf Coast facilities by 2027. The target is based on comprehensive emissions measurement data, including approximately 50 aerial measurements conducted over 16 months. The company has also updated its LNG life cycle assessment, showing lower supply-chain specific GHG emissions intensity compared to the U.S. Department of Energy's NETL 2019 study. This initiative aligns with Cheniere's Gold Standard membership requirements in the UN Environment Programme's Oil & Gas Methane Partnership 2.0.
Cheniere Energy Partners (NYSE: CQP) has announced its quarterly distribution payment. Unitholders of record as of November 4, 2024, will receive $0.810 per common unit, consisting of a $0.775 base amount plus a $0.035 variable amount. The distribution will be paid on November 14, 2024. The company also noted that all distributions to foreign investors are subject to US federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with US trade or business.
Cheniere Energy, Inc. (NYSE: LNG) has announced the timing for its third quarter 2024 earnings release and conference call. The company plans to issue its earnings release on Thursday, October 31, 2024, before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the third quarter results.
A listen-only webcast of the call and accompanying slide presentation will be available on the company's website at www.cheniere.com. After the completion of the webcast, a replay will also be accessible on the Cheniere website for those who are unable to attend the live event.
Cheniere Energy Partners (NYSE: CQP) reported Q2 2024 financial results. Revenues were $1.9 billion, while net income was $570 million. Adjusted EBITDA increased to $832 million.
The company declared a cash distribution of $0.810 per common unit, with payment on August 14, 2024. Full-year 2024 distribution guidance remains at $3.15 - $3.35 per common unit.
Moody’s upgraded Cheniere's credit rating to investment grade. Liquidity stood at $2.2 billion, with significant reductions in debt due to recent financial transactions.
Despite a 2% revenue drop compared to Q2 2023 and an 8% decrease in net income, the company showed a 10% increase in Adjusted EBITDA and higher LNG export volumes.
Cheniere Energy (NYSE: LNG) announced its Q2 2024 financial results, reporting revenues of $3.3 billion and net income of $0.9 billion. For H1 2024, the company recorded revenues of $7.5 billion and net income of $1.4 billion. Consolidated Adjusted EBITDA for Q2 was $1.3 billion, while Distributable Cash Flow was $0.7 billion. Notably, Cheniere has raised its full-year 2024 guidance with EBITDA expected between $5.7-$6.1 billion and Distributable Cash Flow between $3.1-$3.5 billion.
Key highlights include repurchasing 10.7 million shares and repaying $300 million debt. The company also entered a long-term LNG sale agreement with Galp Trading and expanded its share repurchase authorization by $4 billion through 2027. Recent credit rating upgrades by Moody's and Fitch enhanced its investment-grade status. Additionally, Cheniere's CCL Midscale Trains 8 & 9 Project received a positive Environmental Assessment from FERC.
Cheniere Energy (NYSE: LNG) has announced a significant long-term LNG sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia. Under the 20-year agreement, Galp will purchase approximately 0.5 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis. The purchase price will be indexed to the Henry Hub price, plus a fixed liquefaction fee.
Deliveries are expected to start in the early 2030s, subject to a positive Final Investment Decision on Train Eight of the Sabine Pass Liquefaction Expansion Project. This agreement supports Cheniere's SPL Expansion Project, which aims to develop up to 20 mtpa of LNG capacity. The deal underscores the growing importance of US natural gas in Europe's long-term energy strategy.
Cheniere Energy Partners, L.P. (NYSE: CQP) has announced its quarterly distribution for unitholders. The company declared a cash distribution of $0.810 per common unit, consisting of a base amount of $0.775 and a variable amount of $0.035. This distribution will be payable on August 14, 2024, to unitholders of record as of August 7, 2024. The press release also serves as a qualified notice regarding US income tax withholding for foreign investors. It states that 100% of Cheniere Partners' distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with a US trade or business.
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