Cheniere Partners Declares Quarterly Distributions

Rhea-AI Summary

Cheniere Partners announced a cash distribution of $1.06 per common unit for unitholders as of August 4, 2022. This includes a base distribution of $0.775 and a variable amount of $0.285, payable on August 12, 2022. The press release notes that all distributions to foreign investors are subject to federal income tax withholding. Cheniere Partners operates the Sabine Pass LNG terminal in Louisiana, capable of producing approximately 30 mtpa of LNG, and owns the Creole Trail Pipeline connecting to major interstate pipelines.

Positive

• Declared a cash distribution of $1.06 per common unit, indicating strong cash flow.
• The distribution comprises a base amount of $0.775 and a variable amount of $0.285.
• Operates Sabine Pass LNG terminal with a production capacity of approximately 30 mtpa.

Negative

• 100% of distributions to foreign investors are subject to federal income tax withholding.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today declared (i) a cash distribution of $1.06 per common unit to unitholders of record as of August 4, 2022, comprised of a base amount equal to $0.775 and a variable amount equal to $0.285, and (ii) the related distribution to its general partner. These distributions are payable on August 12, 2022.

This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Cheniere Partners’ distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Cheniere Partners’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About Cheniere Partners

Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of six operational liquefaction Trains with a total production capacity of approximately 30 mtpa of LNG. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and two marine berths with a third marine berth under construction. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220723005005/en/

Cheniere Partners

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753

Media Relations

Eben Burnham-Snyder, 713-375-5764

Phil West, 713-375-5586

Source: Cheniere Energy Partners, L.P.

FAQ

What is the cash distribution amount for Cheniere Partners CQP for August 2022?

Cheniere Partners declared a cash distribution of $1.06 per common unit for August 2022.

When is the payment date for the cash distribution from Cheniere Partners CQP?

The cash distribution is payable on August 12, 2022.

What is the basis for Cheniere Partners CQP's cash distribution to foreign investors?

Distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.

What is the production capacity of Cheniere Partners' Sabine Pass LNG terminal?

The Sabine Pass LNG terminal has a production capacity of approximately 30 mtpa.