Cheniere(CQP)
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Cheniere(CQP) - 2023 Q4 - Annual Results
2024-02-21 16:00
EXHIBIT 99.1 CHENIERE ENERGY PARTNERS, L.P. NEWS RELEASE Cheniere Partners Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Distribution Guidance HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE: CQP) today announced its financial results for fourth quarter and full year 2023. HIGHLIGHTS 2024 FULL YEAR DISTRIBUTION GUIDANCE | | | 2024 | | | --- | --- | --- | --- | | Distribution per Unit | $ 3.15 | - $ | 3.35 | Capital Resources Non-GAAP fi ...
Cheniere Announces Uplisting to the New York Stock Exchange
Businesswire· 2024-01-31 13:30
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that each company has been approved for uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American (“NYSE American”). The common stock of Cheniere and the common units of Cheniere Partners will cease trading on the NYSE American after market close on February 2, 2024, and will commence trading on the NYSE effective at ...
3 Oil Stocks to Offload as the New Year Begins
InvestorPlace· 2024-01-07 15:00
Green energy has gained much traction in the past few decades, and big oil is taking the hit. The historic United Nations Climate Change Conference, better known as COP28, had just penned a deal that commits to transitioning away from fossil fuels and focusing on renewable energy sources. More than half of the 200 attending countries, including the biggest oil producers in the UAE, have agreed to “phase down” or “phase out” oil production. Fossil fuel players are feeling the pressure, and now might be a goo ...
Cheniere(CQP) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
Novation of IPM Agreement from Corpus Christi Liquefaction Stage III, LLC ("CCL Stage III") Table of Contents This quarterly report contains certain statements that are, or may be deemed to be, "forward-looking statements." All statements, other than statements of historical or present facts or conditions, included herein or incorporated herein by reference are "forward-looking statements." Included among "forward-looking statements" are, among other things: • statements that we expect to commence or comple ...
Cheniere(CQP) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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) Delaware 20-5913059 (State or other jurisdiction ...
Cheniere(CQP) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Units Representing Limited Partner Interests CQP NYSE American Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated ...
Cheniere(CQP) - 2022 Q4 - Annual Report
2023-02-22 16:00
Liquefaction Project Capacity and Contracts - Approximately 85% of the total production capacity from the Liquefaction Project is contracted under SPAs and IPM agreements, with a weighted average remaining life of about 15 years as of December 31, 2022[15]. - The company has increased available liquefaction capacity at its Liquefaction Project through debottlenecking and optimization projects, focusing on financial discipline[16]. - The company has secured long-term natural gas supply agreements, including an IPM agreement, to ensure feedstock for the Sabine Pass LNG Terminal[22]. - The FERC has authorized the company to increase the total LNG production capacity of the terminal to reflect enhancements during engineering and operational experience[38]. - Long-term sales contracts cover approximately 85% of total production capacity, with an average remaining life of 15 years[602]. LNG Terminal Operations - The Sabine Pass LNG Terminal has received FERC approval for a total natural gas volume of 1,661.94 Bcf/yr for both FTA and non-FTA countries, equivalent to 33 mtpa[22]. - The operational regasification capacity of the Sabine Pass LNG Terminal is approximately 4 Bcf/d, with an aggregate LNG storage capacity of around 17 Bcfe[23]. - The Sabine Pass LNG Terminal has a regasification capacity of approximately 4 Bcf/d, with fixed monthly fees from TotalEnergies totaling approximately $125 million annually[533]. Financial Performance - LNG revenues for the year ended December 31, 2022, were $11,506 million, a 50% increase from $7,640 million in 2021[512]. - Total revenues from contracts with customers reached $17,205 million in 2022, up from $9,435 million in 2021, representing an 82% growth[512]. - Net income for the year ended December 31, 2022, was $2,498 million, up $868 million from $1,630 million in 2021[554]. - The increase in net income was primarily due to a $1.4 billion rise in LNG revenues and a $765 million lump sum fee from Chevron related to a Termination Agreement[554]. - Total revenues increased by $7,772 million to $17,206 million in 2022, compared to $9,434 million in 2021[553]. Regulatory and Environmental Compliance - The company is subject to extensive regulatory requirements, which may increase construction and operational costs, and non-compliance could result in penalties[27]. - The company is subject to various federal, state, and local environmental regulations, which may impose substantial penalties for non-compliance[54]. - The Inflation Reduction Act of 2022 includes a charge on methane emissions starting at $900 per metric ton in 2024, increasing to $1,500 per metric ton in 2026 and beyond[62]. - The company expects to incur capital expenditures for air pollution control equipment to maintain or obtain necessary permits and approvals[60]. - Cheniere joined the Oil and Gas Methane Partnership 2.0 in October 2022, focusing on methane emissions reporting and mitigation[78]. Market Demand and Trends - Global demand for LNG is expected to increase by approximately 53%, from 388.5 mtpa in 2021 to 595.7 mtpa in 2030, and to 677.8 mtpa in 2040[71]. - Significant investments are being made globally in natural gas projects, with over 80 mtpa of import capacity planned in Europe to secure access to LNG and displace Russian gas imports[70]. - Global LNG demand grew by approximately 5% in 2022, adding 19.5 million tonnes to the overall market[550]. - LNG imports into Europe and Turkey increased by 45.9 million tonnes, or 61% year-over-year in 2022[550]. - The average settlement price for the Dutch Title Transfer Facility (TTF) was $40.9/MMBtu in 2022, a 184% increase from 2021[550]. Debt and Financial Obligations - Total debt as of December 31, 2022, is $16.332 billion, a decrease from $17.332 billion in 2021[522]. - Total liabilities increased to $4,587 million in 2022 from $4,540 million in 2021, a rise of 1.0%[599]. - Total obligations under natural gas supply, transportation, and storage service agreements as of December 31, 2022, amounted to $28.5 billion[584]. - The company has fixed commitments under services and other agreements totaling $1.0 billion with third parties and $1.3 billion with affiliates[585]. - The company has $1.6 billion in available commitments under credit facilities to meet liquidity needs[608]. Cash Flow and Liquidity - The company reported $904 million in cash and cash equivalents as of December 31, 2022, with total available liquidity of $2,618 million[562]. - The company expects to meet its long-term cash requirements through operating cash flows and potential debt or equity offerings[562]. - Declared distributions for 2022 totaled $2,982 million, with $2,057 million allocated to limited partner common units[579]. - Cash distribution of $1.07 per common unit was declared on January 27, 2023, consisting of a base amount of $0.775 and a variable amount of $0.295[575]. Operational Costs and Expenses - Operating costs and expenses rose by $6,949 million to $13,826 million in 2022, driven by a $5.5 billion increase in cost of sales[553]. - The company incurred $757 million in derivative losses related to the Tourmaline IPM agreement, impacting net income negatively[556]. - Cash paid for interest on debt was $777 million in 2022, down from $812 million in 2021[614]. Miscellaneous - The company has no employees and relies on its general partner and subsidiaries for management and operational support[81]. - The company has not incurred material direct capital expenditures related to climate change but aims to manage environmental impacts proactively[79]. - The company operates with independent capital structures, with certain restrictions under debt instruments limiting cash distributions[591]. - No changes or disagreements with accountants on accounting and financial disclosure reported[619].
Cheniere(CQP) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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) Delaware 20-5913059 (State or other jurisdi ...
Cheniere(CQP) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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) Delaware 20-5913059 (State or other jurisdiction ...
Cheniere(CQP) - 2022 Q1 - Quarterly Report
2022-05-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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) Delaware 20-5913059 (State or other jurisdictio ...