earnings
confidence high
sentiment neutral
materiality 0.60
Cheniere Partners Q3 net income down 20%, Adjusted EBITDA up 7%; reconfirms 2024 distribution guidance
Cheniere Energy Partners, L.P.
- Q3 revenues $2.1B (-3% YoY); net income $635M (-20% YoY); Adjusted EBITDA $852M (+7% YoY).
- Q3 distribution declared $0.810/unit ($0.775 base + $0.035 variable), payable Nov 14.
- Full-year 2024 distribution guidance reaffirmed at $3.15-$3.35 per unit, base $3.10.
- SPL Expansion Project received DOE authorization to export LNG to FTA countries in Oct 2024.
- SPL repaid $150M of 5.625% Senior Secured Notes due 2025 with cash on hand.