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 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.
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.
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