Cheniere Partners Q1 revenue down 12% to $2.9B; net income $1.9B on non-cash gains; distribution guidance reaffirmed

Cheniere Energy Partners, L.P.

Revenue $2.9B vs $3.3B YoY; net income $1.9B includes $1.0B non-cash derivative gain from Tourmaline IPM agreement.
Adjusted EBITDA $1.03B flat YoY; core operations steady despite lower regasification revenue from Chevron TUA termination.
Declared Q1 distribution $1.03/unit ($0.775 base + $0.255 variable); reaffirmed FY2023 guidance $4.00-$4.25/unit.
LNG exported 112 cargoes (403 TBtu), +7% cargo count YoY; SPL Project cumulative 2,070 cargoes since startup.
SPL expansion project: pre-filing review with FERC in Feb, FEED contract with Bechtel in April; S&P upgraded SPL to BBB+.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cheniere Energy Partners, L.P. reported the three months ended March 31, 2023 results: revenue $2.9 billion, net income $1.9 billion, EPS $1.03 per common unit. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $2.9 billion
Net income: $1.9 billion
EPS: $1.03 per common unit
Guidance: reaffirmed
Result: reported results

Exact text from the filing

American: CQP) today announced its financial results for first quarter 2023. HIGHLIGHTS • For the three months ended March 31, 2023, Cheniere Partners generated revenues of $2.9 billion, net income of $1.9 billion, and Adjusted EBITDA 1 of $1.0 billion. • Declared a cash distribution of $1.03 per common unit to unitholders of record as of May 8, 2023, comprised

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Source: SEC EDGAR

accession 0001383650-23-000029

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