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Cheniere Partners Declares Quarterly Distributions

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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 Partners (NYSE: CQP) ha annunciato il pagamento della distribuzione trimestrale. Gli unitholders registrati il 4 novembre 2024 riceveranno $0.810 per unità comune, comprensivo di un importo di base di $0.775 più un importo variabile di $0.035. La distribuzione sarà pagata il 14 novembre 2024. L'azienda ha inoltre sottolineato che tutte le distribuzioni agli investitori stranieri sono soggette a ritenuta fiscale sul reddito federale statunitense alla massima aliquota fiscale efficace applicabile, in quanto sono attribuibili a redditi effettivamente connessi con il commercio o l'attività negli Stati Uniti.

Cheniere Energy Partners (NYSE: CQP) ha anunciado el pago de distribución trimestral. Los unitholders registrados hasta el 4 de noviembre de 2024 recibirán $0.810 por unidad común, que consiste en un monto base de $0.775 más un monto variable de $0.035. La distribución se pagará el 14 de noviembre de 2024. La compañía también destacó que todas las distribuciones a inversores extranjeros están sujetas a la retención del impuesto federal sobre la renta de EE. UU. a la tasa impositiva efectiva más alta aplicable, ya que son atribuibles a ingresos efectivamente conectados con el comercio o negocio en EE. UU.

Cheniere Energy Partners (NYSE: CQP)는 분기 배당금 지급을 발표했습니다. 2024년 11월 4일 기준으로 유니트 홀더는 공통 유닛당 $0.810를 받을 것이며, 이 금액은 $0.775의 기본 금액과 $0.035의 변동 금액으로 구성됩니다. 배당금은 2024년 11월 14일에 지급됩니다. 또한 회사는 해외 투자자에게 지급되는 모든 배당금이 미국 연방소득세의 최고 유효 세율로 원천징수될 것이라고 언급했습니다, 이는 미국의 무역 또는 사업과 효과적으로 연결된 소득에 해당합니다.

Cheniere Energy Partners (NYSE: CQP) a annoncé le paiement de sa distribution trimestrielle. Les détenteurs d'unités enregistrés au 4 novembre 2024 recevront 0,810 $ par unité commune, composé d'un montant de base de 0,775 $ plus un montant variable de 0,035 $. La distribution sera payée le 14 novembre 2024. La société a également noté que toutes les distributions aux investisseurs étrangers sont soumises à une retenue d'impôt fédéral américain au taux d'imposition effectif le plus élevé applicable, car elles sont attribuées à des revenus effectivement liés au commerce ou aux affaires aux États-Unis.

Cheniere Energy Partners (NYSE: CQP) hat die Ausschüttung für das quartalsweise Dividendenzahlung bekannt gegeben. Aktionäre, die am 4. November 2024 registriert sind, erhalten $0.810 pro Stammaktie, bestehend aus einem Basisbetrag von $0.775 zuzüglich eines variablen Betrags von $0.035. Die Ausschüttung wird am 14. November 2024 ausgezahlt. Das Unternehmen weist auch darauf hin, dass alle Ausschüttungen an ausländische Investoren der US-amerikanischen Bundessteuer auf Einkommen unterliegen, und zwar zum höchsten anwendbaren effektiven Steuersatz, da sie Erträge betreffen, die effektiv mit dem Handel oder Geschäft in den USA verbunden sind.

Positive
  • Declared quarterly distribution of $0.810 per common unit
  • Distribution includes both base ($0.775) and variable ($0.035) components
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Insights

The quarterly distribution announcement shows stability in Cheniere Partners' cash flow generation, with a $0.810 per unit payout comprising a $0.775 base and $0.035 variable component. This represents an annualized distribution of $3.24 per unit, translating to a yield of approximately 4.8% based on current market prices.

The structured approach of base plus variable distributions provides unitholders with predictable income while maintaining flexibility to adjust payouts based on business performance. The detailed tax withholding guidance for foreign investors demonstrates strong corporate governance and compliance measures, though it may impact after-tax returns for international unitholders.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE: CQP) today declared (i) a cash distribution of $0.810 per common unit to unitholders of record as of November 4, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035, and (ii) the related distribution to its general partner. These distributions are payable on November 14, 2024.

Publicly traded partnerships that earn net income in a calendar year that is effectively connected with the conduct of a US trade or business are generally required to withhold US income tax from distributions paid to foreign persons. The portion of our quarterly cash distributions that are paid to foreign persons will generally be subject to US withholding tax.

This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4 and 1.446(f)-4. Please note that 100 percent of Cheniere Partners’ distributions to foreign investors are attributable to income that is effectively connected with a US trade or business and subject to withholding under Treasury Regulation Sections 1.1446-1 – 1.1446-6. Accordingly, all of Cheniere Partners’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, 100 percent of Cheniere Partners’ distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). 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 liquefaction Trains with a total production capacity of approximately 30 million tonnes per annum of liquefied natural gas (“LNG”). The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and three marine berths. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate 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 June 30, 2024, 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 Cheniere Partners’ anticipated quarterly distributions and ability to make quarterly distributions at the base amount or any amount, (iii) statements regarding regulatory authorization and approval expectations, (iv) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (v) statements regarding the business operations and prospects of third-parties, (vi) statements regarding potential financing arrangements, (vii) statements regarding future discussions and entry into contracts, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. 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.

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753



Media Relations

Eben Burnham-Snyder, 713-375-5764

Bernardo Fallas, 713-375-5593

Source: Cheniere Energy Partners, L.P.

FAQ

When will Cheniere Partners (CQP) pay its latest quarterly distribution?

Cheniere Partners (CQP) will pay its quarterly distribution on November 14, 2024, to unitholders of record as of November 4, 2024.

How much is Cheniere Partners' (CQP) latest quarterly distribution?

Cheniere Partners' (CQP) quarterly distribution is $0.810 per common unit, consisting of a $0.775 base amount and a $0.035 variable amount.

Are Cheniere Partners' (CQP) distributions subject to US withholding tax for foreign investors?

Yes, 100% of Cheniere Partners' (CQP) distributions to foreign investors are subject to US federal income tax withholding at the highest applicable effective tax rate.

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