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ORG Wealth Lifts Cheniere Energy Partners, L.P. (CQP) Position as Dividend Yield Shines at 6.05%
Yahoo Finance· 2025-10-02 13:49
Core Insights - Cheniere Energy Partners, L.P. (NYSE:CQP) is recognized as one of the most profitable oil stocks currently available for investment [1] - The company offers a strong dividend yield of 6.05% and has secured long-term contracts, enhancing its position in the industry [2] - Management aims to generate over $25 billion in available cash by 2030 and achieve an annual run-rate of more than $25 per share in distributable cash flow [3] Company Overview - Cheniere Energy Partners, L.P. is a Texas-based provider of liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies, founded in 2003 [4]
Wall Street Can't Stand This 12%-Yielding Bear Portfolio
Forbes· 2025-08-24 12:56
Group 1: Market Sentiment and Analyst Ratings - The article highlights a significant disparity in analyst ratings, with 81% of S&P 500 companies rated as Buy, which is unusually high given current market conditions influenced by AI disruptions [2][3] - Analysts are more inclined to issue Sell ratings, as they allow for potential upgrades, making contrarian strategies appealing for investors [3] Group 2: Company Profiles and Performance - Prospect Capital (PSEC) is a business development company (BDC) with a yield of 18.7%, but it has faced challenges, including three dividend cuts in the past decade, leading to a consensus Sell rating from analysts [4][6] - BlackRock TCP Capital Corp. (TCPC) has a yield of 15.7% and is considered a consensus Sell, but most analysts rate it as Hold, indicating a less negative outlook compared to PSEC [6][8] - Cheniere Energy Partners LP (CQP) has a yield of 6.1% and is investing heavily in expansions, which may lead to increased distributable cash flow in the future despite a recent reduction in variable distributions [9][11] - Innovative Industrial Properties (IIPR), a REIT focused on the cannabis industry, has a yield of 14.4% but faces a challenging regulatory environment, leading to a bearish consensus among analysts [12][15]
Cheniere Partners Q2 Earnings Miss Estimates, Revenues Beat
ZACKS· 2025-08-11 12:55
Core Insights - Cheniere Energy Partners, L.P. (CQP) reported second-quarter 2025 earnings per unit of 91 cents, missing the Zacks Consensus Estimate of 96 cents and declining from 95 cents in the same quarter last year [1][9] - Total revenues for the quarter reached $2.5 billion, an increase from $1.9 billion year-over-year, and surpassed the Zacks Consensus Estimate of $2.4 billion [1][9] Financial Performance - The decline in quarterly earnings was attributed to lower LNG volumes loaded and increased total operating costs and expenses [2] - CQP sent 98 cargos in the second quarter, a 5% decrease from 103 cargos in the previous year, and the total LNG volume was 351 trillion British thermal units (TBtu), down from 372 TBtu year-over-year [3] - Adjusted EBITDA for the quarter was $726 million, a 13% decrease from $832 million in the prior year, primarily due to planned maintenance activities leading to higher operating expenses and lower recognized volumes [4] - The cost of sales for the quarter was $1.2 billion, up from $661 million in the same period last year, while total operating costs and expenses rose to $1.74 billion from $1.13 billion year-over-year [5] Balance Sheet - As of June 30, 2025, CQP had $108 million in cash and cash equivalents and a net long-term debt of $14.2 billion [6] Outlook - The company maintained its 2025 full-year distribution guidance, expecting to distribute between $3.25 and $3.35 per common unit, with a base distribution of $3.10 [7] Market Position - CQP currently holds a Zacks Rank 3 (Hold), while other energy sector stocks like Antero Midstream Corporation, Delek Logistics Partners, LP, and Enbridge Inc. have better rankings [8]
Cheniere(LNG) - 2025 Q2 - Earnings Call Presentation
2025-08-07 15:00
Financial Performance - Cheniere's Net Income increased to $1626 million in 2Q 2025, compared to $880 million in 2Q 2024[12] - Consolidated Adjusted EBITDA increased to $1416 million in 2Q 2025, compared to $1322 million in 2Q 2024[12] - Distributable Cash Flow increased to approximately $920 million in 2Q 2025, compared to approximately $700 million in 2Q 2024[12] - Approximately $13 billion was deployed in 2Q 2025, including ~$306 million for repurchasing ~14 million shares[16] Guidance and Outlook - The company is raising and tightening its full-year 2025 Consolidated Adjusted EBITDA guidance to $66 billion - $70 billion, from a prior range of $65 billion - $70 billion[13] - The company is raising and tightening its full-year 2025 Distributable Cash Flow guidance to $44 billion - $48 billion, from a prior range of $41 billion - $46 billion[13] - Cheniere expects to have >$25 billion of available cash through 2030, aiming to reach >$25/share of run-rate Distributable Cash Flow[16] Operational Highlights - Cheniere loaded 550 TBtu of LNG and exported 154 cargoes in 2Q 2025[16] - CCL Stage 3 Train 2 achieved Substantial Completion in August[16] - CCL Stage 3 total project completion was 867% as of June 30, 2025[21] Commercial Progress - Cheniere signed a commercial agreement for ~10 MTPA FOB from 2029 through 2050[14] - Cheniere signed a commercial agreement for ~085 MTPA IPM for 15 years beginning in ~2030[15]
Cheniere(CQP) - 2025 Q2 - Quarterly Results
2025-08-07 11:33
EXHIBIT 99.1 CHENIERE ENERGY PARTNERS, L.P. NEWS RELEASE Cheniere Partners Reports Second Quarter 2025 Results and Reconfirms Full Year 2025 Distribution Guidance HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE: CQP) today announced its financial results for second quarter 2025. HIGHLIGHTS 2025 FULL YEAR DISTRIBUTION GUIDANCE SUMMARY AND REVIEW OF FINANCIAL RESULTS | (in millions, except LNG data) | | | | Three Months Ended June 30, | | | | Six Months Ended June 30, | | ...
Cheniere(CQP) - 2025 Q2 - Quarterly Report
2025-08-06 21:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended June 30, 2025 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33366 Cheniere Energy Partners, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
黑石Q1持仓:仍钟情能源股 建仓CoreWeave(CRWV.US)
Zhi Tong Cai Jing· 2025-05-16 09:05
Core Insights - Blackstone's total market value of holdings reached $24.1 billion for Q1 2025, up from $22.0 billion in the previous quarter, representing a 9% increase [1][2] - The investment portfolio included 47 new stocks, 36 stocks were increased, 25 stocks were reduced, and 39 stocks were completely sold out [1][2] - The top ten holdings accounted for 68.8% of the total market value [1][2] Holdings Overview - The largest holding is Cheniere Energy Partners (CQP.US) with approximately 102 million shares valued at about $6.759 billion, making up 28.07% of the portfolio, unchanged from the previous quarter [2][3] - Corebridge Financial Inc. (CRBG.US) is the second-largest holding with around 61.96 million shares valued at approximately $1.956 billion, also unchanged [2][3] - Williams (WMB.US) ranks third with about 20.08 million shares valued at approximately $1.200 billion, reflecting a 5.94% increase in holdings [3][4] Sector Focus - The portfolio shows a strong inclination towards energy stocks, with significant positions in companies like Targa Resources (TRGP.US), Energy Transfer Equity LP (ET.US), and MPLX LP (MPLX.US) [3][4] - The top five purchases included SPDR S&P 500 ETF put options, CoreWeave (CRWV.US), Kinder Morgan (KMI.US), Hess Midstream (HESM.US), and Enbridge (ENB.US) [4][5] - The top five sales included Expand Energy, First Industrial Realty (FR.US), Western Midstream (WES.US), Energy Transfer (ET.US), and NextEra Energy (NEE.US) [5][6]
Cheniere(LNG) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:42
Cheniere Energy, Inc. First Quarter 2025 May 8, 2025 Safe Harbor Statements Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical or present facts or conditions, included or incorporated by reference herein are "forward- looking stat ...
Cheniere(CQP) - 2025 Q1 - Quarterly Results
2025-05-08 11:32
Financial Performance - Cheniere Partners reported revenues of $2.989 billion for Q1 2025, a 30% increase from $2.295 billion in Q1 2024[4] - Net income for Q1 2025 was $641 million, down 6% from $682 million in Q1 2024, primarily due to $84 million in unfavorable variances related to derivative instruments[4] - Adjusted EBITDA increased by 4% to $1.038 billion in Q1 2025, compared to $1.000 billion in Q1 2024, driven by higher total margins per MMBtu of LNG delivered[5] - Adjusted EBITDA for Q1 2025 was $1,038 million, an increase from $1,000 million in Q1 2024, representing a growth of 3.8%[24] - Net income for Q1 2025 was $641 million, down from $682 million in Q1 2024, reflecting a decrease of 6.0%[24] - Income from operations for Q1 2025 was $826 million, compared to $875 million in Q1 2024, indicating a decline of 5.6%[24] - Interest expense, net of capitalized interest, decreased to $190 million in Q1 2025 from $202 million in Q1 2024, a reduction of 5.9%[24] - Depreciation and amortization expense increased slightly to $171 million in Q1 2025 from $168 million in Q1 2024, a rise of 1.8%[24] - The company reported a loss of $41 million from changes in the fair value of commodity derivatives in Q1 2025, contrasting with a gain of $43 million in Q1 2024[24] Liquidity and Debt Management - As of March 31, 2025, total available liquidity was approximately $2.0 billion, including $94 million in cash and cash equivalents[8] - Cheniere Partners repaid $300 million in principal of its 5.625% Senior Secured Notes due 2025 during Q1 2025[9] LNG Operations - Cheniere Partners exported 112 LNG cargoes in Q1 2025, a 2% decrease from 114 cargoes in Q1 2024, with total volumes of 406 TBtu, down 3% from 418 TBtu[4] - The Sabine Pass LNG terminal has a total production capacity of approximately 30 mtpa, with over 200 million tonnes of LNG produced and exported since inception[10] - The SPL Expansion Project is expected to add up to 20 mtpa of LNG production capacity, with regulatory applications submitted in February 2024[11] Asset Management - Total assets as of March 31, 2025, were $17.094 billion, a decrease from $17.453 billion as of December 31, 2024[22] Adjusted EBITDA Definition - Adjusted EBITDA is used by management and external users to assess financial performance without regard to financing methods or capital structures[25] - The calculation of Adjusted EBITDA excludes certain non-cash items and non-operating income or expenses to provide a clearer view of ongoing operating performance[26]
Cheniere(CQP) - 2025 Q1 - Quarterly Report
2025-05-07 21:38
Financial Performance - LNG revenues for Q1 2025 reached $2,267 million, an increase of 31.8% compared to $1,720 million in Q1 2024[111] - Total revenues for Q1 2025 were $2,989 million, up 30.3% from $2,295 million in Q1 2024[111] - Net income for Q1 2025 was $641 million, a decrease of 6% from $682 million in Q1 2024[111] - Net income decreased by $41 million for the three months ended March 31, 2025, compared to the same period in 2024, primarily due to an $84 million unfavorable change in fair value of derivative instruments[114] - Revenues increased by $694 million during the three months ended March 31, 2025, mainly driven by a $733 million rise in pricing per MMBtu due to higher Henry Hub pricing[115] - Operating costs and expenses rose by $743 million for the three months ended March 31, 2025, largely due to a $643 million increase in the cost of natural gas feedstock[116] - The company reported a net income of $(10) million for the three months ended March 31, 2025, compared to a net income of $0 million in the same period of 2024[129] Cash Flow and Liquidity - Net cash provided by operating activities was $665 million for the three months ended March 31, 2025, compared to $669 million in the same period of 2024[131] - Total available liquidity as of March 31, 2025, was $1,955 million, consisting of cash and cash equivalents, restricted cash, and available commitments under credit facilities[120] - The company repaid $300 million of its 2025 SPL Senior Notes during the three months ended March 31, 2025, and borrowed and repaid $125 million under the SPL Revolving Credit Facility[135] - Cash distributions to unitholders for the three months ended March 31, 2025, totaled $397 million, with a distribution per common unit of $0.820[137] - The increase in operating cash flows was primarily attributed to a decrease in interest payments due to reduced total indebtedness[132] Assets and Liabilities - Total assets decreased from $3,502 million as of December 31, 2024, to $3,254 million as of March 31, 2025[128] - The company has commodity derivatives related to natural gas supply contracts for the Liquefaction Project, with a fair value of $(1,277) million as of March 31, 2025, reflecting a change of $(1,281) million from December 31, 2024[141] - A 10% change in the commodity price for natural gas would impact the fair value of the Liquefaction Supply Derivatives, with specific values detailed in the financial statements[141] Projects and Capacity - The Sabine Pass LNG Terminal has a total production capacity of approximately 30 mtpa and has produced over 200 million tonnes of LNG since inception[101][108] - The SPL Expansion Project aims to add up to approximately 20 mtpa of LNG production capacity, with a target FID in 2026/2027[106][107] - Approximately 80% of the total anticipated production from the Liquefaction Project is contracted under long-term SPAs and IPM agreements[104] - The company has increased available liquefaction capacity through optimization projects, supporting future growth in customer contracts[106] - As of May 1, 2025, over 2,930 cumulative LNG cargoes have been produced and exported from the Liquefaction Project[108] Ratings and Accounting - Fitch Ratings upgraded the issuer credit rating of CQP to BBB from BBB- with a stable outlook in February 2025[113] - The company has not made significant changes to its critical accounting estimates since the annual report for the fiscal year ended December 31, 2024[139]