earnings
confidence high
sentiment neutral
materiality 0.65
Cheniere Partners Q2 net income $570M; reaffirms FY2024 distribution guidance $3.15-$3.35/unit
Cheniere Energy Partners, L.P.
- Q2 revenues $1.9B (-2% YoY); net income $570M (-8%); Adjusted EBITDA $832M (+10%).
- Declared Q2 cash distribution of $0.810/unit ($0.775 base + $0.035 variable), payable Aug 14.
- Reaffirmed FY2024 distribution guidance of $3.15-$3.35/unit; base distribution $3.10/unit.
- Issued $1.2B of 5.75% Senior Notes due 2034; used proceeds to retire $1.2B SPL notes due 2025.
- Moody's upgraded CQP and SPL to investment grade; both now rated Baa2/Baa1 with stable outlook.