earnings
confidence high
sentiment neutral
materiality 0.70
Cheniere Partners Q1 revenue rises 20% to $3.6B; net income $186M; FY distribution guidance reaffirmed
Cheniere Energy Partners, L.P.
- Revenue $3.6B (+20% YoY); net income $186M (-71% YoY) on $599M unfavorable derivative mark-to-market.
- Adjusted EBITDA $1.175B (+13% YoY) driven by higher LNG margins; LNG volumes loaded 413 TBtu (+2%).
- Q1 distribution declared $0.790/unit ($0.775 base + $0.015 variable); FY 2026 distribution guidance reaffirmed at $3.10-$3.40/unit.
- SPL Expansion Project (up to 20 mtpa) pending FERC and DOE approvals; no final investment decision yet.
- Available liquidity $2.132B as of March 31, 2026; SPL redeemed $200M 5.875% notes due 2026 in Feb.