secwatch.observer — SEC 8-K summary
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Issuer:     Cheniere Energy Partners, L.P. (CQP)
CIK:        0001383650
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001383650-22-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cheniere Energy Partners Q3 net loss of $514M on $2.2B non-cash derivative losses; revenue up 114%
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- Adjusted EBITDA of $1.5B, up 99% YoY, driven by higher LNG margins and volumes.
- Net loss of $514M vs net income of $381M in Q3 2021; non-cash fair value losses on Tourmaline IPM agreement totaled $1.3B in Q3.
- Revenue surged to $4.98B from $2.32B a year ago, on 19% higher LNG cargo volumes (103 cargoes).
- Declared Q3 distribution of $1.070/unit (base $0.775 + variable $0.295); full-year 2022 distribution guidance reaffirmed at $4.00-$4.25/unit.
- Sabine Pass LNG loaded 363 TBtu in Q3; Moody's and Fitch upgraded issuer credit ratings in September.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383650/000138365022000040/0001383650-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383650/000138365022000040/cqp-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001383650-22-000040

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