Cheniere Energy Partners Q2 Revenue Up Slightly, Net Income Down

Ticker: CQP · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, energy, revenue

TL;DR

Cheniere Energy Partners Q2 revenue nudged up to $1.45B, but net income dropped to $391M. Assets at $47.5B.

AI Summary

Cheniere Energy Partners, L.P. reported total assets of $47.51 billion as of June 30, 2024, a slight decrease from $40.89 billion at the end of 2023. For the three months ended June 30, 2024, the company generated $1.45 billion in revenue, compared to $1.41 billion in the same period last year. Net income for the quarter was $391 million, down from $469 million year-over-year.

Why It Matters

This filing provides insight into Cheniere Energy Partners' financial performance, including revenue and net income trends, which are crucial for investors assessing the company's operational health and profitability in the energy sector.

Risk Assessment

Risk Level: medium — The company's financial results show a decrease in net income and a significant increase in total assets, indicating potential shifts in financial leverage or investment activities that warrant closer examination.

Key Numbers

$47.51B — Total Assets (As of June 30, 2024, indicating the company's overall size.)
$1.45B — Q2 2024 Revenue (Represents the top-line performance for the recent quarter.)
$391M — Q2 2024 Net Income (Shows the company's profitability for the recent quarter.)
$1.41B — Q2 2023 Revenue (Provides a year-over-year comparison for revenue.)
$469M — Q2 2023 Net Income (Provides a year-over-year comparison for net income.)

Key Players & Entities

Cheniere Energy Partners, L.P. (company) — Filer of the 10-Q report
845 TEXAS AVENUE, SUITE 1250, HOUSTON, TX 77002 (location) — Business and mailing address
$47.51 billion (dollar_amount) — Total assets as of June 30, 2024
$40.89 billion (dollar_amount) — Total assets as of December 31, 2023
$1.45 billion (dollar_amount) — Revenue for the three months ended June 30, 2024
$1.41 billion (dollar_amount) — Revenue for the three months ended June 30, 2023
$391 million (dollar_amount) — Net income for the three months ended June 30, 2024
$469 million (dollar_amount) — Net income for the three months ended June 30, 2023

FAQ

What was Cheniere Energy Partners' total revenue for the three months ended June 30, 2024?

Cheniere Energy Partners' total revenue for the three months ended June 30, 2024, was $1,454 million (or $1.45 billion).

How did the net income for the three months ended June 30, 2024, compare to the same period in 2023?

Net income for the three months ended June 30, 2024, was $391 million, a decrease from $469 million for the same period in 2023.

What were the total assets of Cheniere Energy Partners, L.P. as of June 30, 2024?

As of June 30, 2024, Cheniere Energy Partners, L.P. reported total assets of $47,510 million (or $47.51 billion).

What is the company's reported fiscal year end?

The company's fiscal year ends on December 31.

What is the business address of Cheniere Energy Partners, L.P.?

The business address is 845 TEXAS AVENUE, SUITE 1250, HOUSTON, TX 77002.

From the Filing

0001383650-24-000038.txt : 20240808 0001383650-24-000038.hdr.sgml : 20240808 20240807174159 ACCESSION NUMBER: 0001383650-24-000038 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 78 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cheniere Energy Partners, L.P. CENTRAL INDEX KEY: 0001383650 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 205913059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33366 FILM NUMBER: 241185229 BUSINESS ADDRESS: STREET 1: 845 TEXAS AVENUE STREET 2: SUITE 1250 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (713) 375-5000 MAIL ADDRESS: STREET 1: 845 TEXAS AVENUE STREET 2: SUITE 1250 CITY: HOUSTON STATE: TX ZIP: 77002 10-Q 1 cqp-20240630.htm 10-Q cqp-20240630 0001383650 false --12-31 2024 Q2 1,454 1,415 3,174 3,521 391 469 915 1,230 1,845 1,884 4,089 4,751 661 603 1,625 916 — 1 4 18 661 604 1,629 934 210 263 410 469 39 38 82 82 16 14 29 30 265 315 521 581 3 3 6 6 23 24 45 46 26 27 51 52 5 2 8 2 1 — 1 — 6 2 9 2 http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember 94 43 1 — 95 43 673 806 4 5 37 55 714 866 78 114 — 3 78 117 93 75 22 23 115 98 http://fasb.org/us-gaap/2024#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization http://fasb.org/us-gaap/2024#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization http://fasb.org/us-gaap/2024#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization http://fasb.org/us-gaap/2024#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent http://fasb.org/us-gaap/2024#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2024#DerivativeAssetsNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent SOFR or base rate SOFR or base rate xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure cqp:trains cqp:milliontonnes utr:Y cqp:unit cqp:item utr:mi cqp:tbtu utr:Rate 0001383650 2024-01-01 2024-06-30 0001383650 2024-08-02 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2024-04-01 2024-06-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2023-04-01 2023-06-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2024-01-01 2024-06-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2023-01-01 2023-06-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2024-04-01 2024-06-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2023-04-01 2023-06-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2024-01-01 2024-06-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2023-01-01 2023-06-30 0001383650 cqp:RegasificationServiceMember 2024-04-01 2024-06-30 0001383650 cqp:RegasificationServiceMember 2023-04-01 2023-06-30 0001383650 cqp:RegasificationServiceMember 2024-01-01 2024-06-30 0001383650 cqp:RegasificationServiceMember 2023-01-01 2023-06-30 0001383650 us-gaap:ProductAndServiceOtherMember 2024-04-01 2024-06-30 0001383650 us-gaap:ProductAndServiceOtherMember 2023-04-01 2023-06-30 0001383650 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-06-30 0001383650 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-06-30 0001383650 2024-04-01 2024-06-30 0001383650 2023-04-01 2023-06-30 0001383650 2023-01-01 2023-06-30 0001383650 u