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Cheniere Energy Partners, LP - CQP STOCK NEWS

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.

News

Cheniere Announces Uplisting to the New York Stock Exchange

Rhea-AI Summary
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 Partners Declares Quarterly Distributions

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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 Announces Long-Term Integrated Production Marketing Agreement with ARC Resources

Rhea-AI Summary
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 and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement

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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 Reports Third Quarter 2023 Results and Reconfirms 2023 Financial Guidance

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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 Partners Reports Third Quarter 2023 Results and Reconfirms 2023 Distribution Guidance

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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 Partners Declares Quarterly Distributions

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Cheniere Energy Partners, L.P. has declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, payable on November 14, 2023.
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Cheniere and BASF Sign Long-Term LNG Sale and Purchase Agreement

Rhea-AI Summary
Cheniere Energy announces long-term LNG sale and purchase agreement with BASF, supporting Sabine Pass Expansion Project. BASF to purchase up to 0.8mtpa of LNG, deliveries to commence in mid-2026. Positive for Cheniere's secure and sustainable energy supply.
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Cheniere Reports Second Quarter 2023 Results and Raises 2023 Financial Guidance

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Cheniere Energy announces strong financial results for Q2 2023, with revenues of $4.1B and net income of $1.4B. Raises full year 2023 guidance for Consolidated Adjusted EBITDA to $8.3B-$8.8B and Distributable Cash Flow to $5.8B-$6.3B. Signs new long-term LNG contracts, prepaid debt, and repurchased shares.
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Cheniere Partners Reports Second Quarter 2023 Results and Reconfirms 2023 Distribution Guidance

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FAQ

What is the current stock price of Cheniere Energy Partners, LP (CQP)?

The current stock price of Cheniere Energy Partners, LP (CQP) is $54.64 as of November 22, 2024.

What is the market cap of Cheniere Energy Partners, LP (CQP)?

The market cap of Cheniere Energy Partners, LP (CQP) is approximately 26.1B.

What does Cheniere Energy Partners, L.P. do?

Cheniere Energy Partners, L.P. specializes in LNG-related businesses, including owning and operating the Sabine Pass LNG terminal and Creole Trail Pipeline.

Where are Cheniere Partners' major facilities located?

Cheniere Partners' major facilities are located in Louisiana and Texas, including the Sabine Pass LNG terminal and Corpus Christi LNG terminal.

What is the Sabine Pass Liquefaction Project (SPL Project)?

The SPL Project is a development at Sabine Pass aiming to establish up to six liquefaction trains with a production capacity of approximately 27.0 MTPA of LNG.

When did Train 1 of the SPL Project commence operations?

Train 1 of the SPL Project began operations in May 2016.

What is the purpose of the Creole Trail Pipeline?

The Creole Trail Pipeline connects the Sabine Pass LNG terminal to third-party gas suppliers.

Does Cheniere Partners have any partnerships?

Yes, Cheniere Partners has management agreements and partial ownership interests involving Cheniere Energy, Inc. and Cheniere Energy Partners Holdings, LLC.

What is the capacity of the liquefaction trains at Sabine Pass?

The liquefaction trains at Sabine Pass are expected to have an aggregate nominal production capacity of about 27.0 million tonnes per annum of LNG.

What other projects is Cheniere Partners involved in?

Cheniere Partners is also developing and constructing additional liquefaction facilities at the Corpus Christi LNG terminal in Texas.

How does Cheniere Partners benefit from Cheniere Marketing?

Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from the marketed gas volumes of Sabine Pass.

What industry does Cheniere Energy Partners, L.P. operate in?

Cheniere Energy Partners, L.P. operates in the LNG (liquefied natural gas) industry, focusing on liquefaction, transportation, and terminal operations.

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Cheniere Energy Partners, LP

NYSE:CQP

CQP Rankings

#456 Ranked by Market Cap
#2090 Ranked by Dividends

CQP Stock Data

26.07B
142.04M
49.57%
46.46%
0.11%
Oil & Gas Midstream
Natural Gas Distribution
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United States of America
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