Cheniere Energy Partners Q3 Revenue Dips Slightly
Ticker: CQP · Form: 10-Q · Filed: 2024-10-31T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financials, energy
Related Tickers: LNG
TL;DR
Cheniere Energy Partners Q3 revenue down slightly to $1.48B, net income up to $526M. Assets at $6.09B.
AI Summary
Cheniere Energy Partners, L.P. reported revenues of $1.479 billion for the third quarter of 2024, a slight decrease from $1.564 billion in the same period last year. Net income attributable to Cheniere Energy Partners, L.P. was $526 million, down from $515 million in Q3 2023. The company's total assets stood at $6.094 billion as of September 30, 2024, compared to $6.830 billion at the end of 2023.
Why It Matters
This filing provides insight into Cheniere Energy Partners' financial performance, indicating a minor revenue decrease but a slight increase in net income, which could influence investor sentiment and future strategic decisions.
Risk Assessment
Risk Level: medium — The company operates in the volatile energy sector, subject to commodity price fluctuations and regulatory changes.
Key Numbers
- $1.479B — Q3 2024 Revenue (Represents current period top-line performance.)
- $526M — Q3 2024 Net Income (Indicates profitability for the quarter.)
- $6.094B — Total Assets (9/30/2024) (Shows the company's total resources at the end of the period.)
- $6.830B — Total Assets (12/31/2023) (Provides a comparison point for asset growth or decline.)
Key Players & Entities
- Cheniere Energy Partners, L.P. (company) — Filer and reporting entity
- 845 Texas Avenue, Suite 1250, Houston, TX 77002 (location) — Business and mailing address
- $1.479 billion (dollar_amount) — Q3 2024 revenue
- $1.564 billion (dollar_amount) — Q3 2023 revenue
- $526 million (dollar_amount) — Q3 2024 net income
- $515 million (dollar_amount) — Q3 2023 net income
- $6.094 billion (dollar_amount) — Total assets as of September 30, 2024
- $6.830 billion (dollar_amount) — Total assets as of December 31, 2023
FAQ
What were Cheniere Energy Partners' total revenues for the third quarter of 2024?
Cheniere Energy Partners' total revenues for the third quarter of 2024 were $1.479 billion.
How did the net income attributable to Cheniere Energy Partners, L.P. compare between Q3 2024 and Q3 2023?
Net income attributable to Cheniere Energy Partners, L.P. was $526 million for Q3 2024, compared to $515 million for Q3 2023.
What was the total amount of Cheniere Energy Partners' assets as of September 30, 2024?
As of September 30, 2024, Cheniere Energy Partners' total assets were $6.094 billion.
What was the company's total assets figure at the end of the previous fiscal year (December 31, 2023)?
The company's total assets as of December 31, 2023, were $6.830 billion.
What is Cheniere Energy Partners, L.P.'s primary business activity according to the SIC code?
According to the Standard Industrial Classification (SIC) code, Cheniere Energy Partners, L.P.'s primary business activity is Natural Gas Distribution [4924].
From the Filing
0001383650-24-000058.txt : 20241031 0001383650-24-000058.hdr.sgml : 20241031 20241030174021 ACCESSION NUMBER: 0001383650-24-000058 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 78 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241031 DATE AS OF CHANGE: 20241030 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: 241411652 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-20240930.htm 10-Q cqp-20240930 0001383650 false --12-31 2024 Q3 1,479 1,564 4,653 5,085 526 515 1,441 1,745 2,005 2,079 6,094 6,830 773 682 2,398 1,598 — 2 4 20 773 684 2,402 1,618 200 211 610 680 41 38 123 120 15 14 44 44 256 263 777 844 2 2 8 8 23 20 68 66 25 22 76 74 2 4 10 6 1 1 2 1 3 5 12 7 http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember 17 1 — — 17 1 564 806 5 5 42 55 611 866 136 114 1 3 137 117 101 75 23 23 124 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 2024-09-30 0001383650 2024-10-25 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2024-07-01 2024-09-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2023-07-01 2023-09-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2024-01-01 2024-09-30 0001383650 us-gaap:NonrelatedPartyMember cqp:LiquefiedNaturalGasMember 2023-01-01 2023-09-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2024-07-01 2024-09-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2023-07-01 2023-09-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2024-01-01 2024-09-30 0001383650 us-gaap:SubsidiaryOfCommonParentMember cqp:LiquefiedNaturalGasMember 2023-01-01 2023-09-30 0001383650 cqp:RegasificationServiceMember 2024-07-01 2024-09-30 0001383650 cqp:RegasificationServiceMember 2023-07-01 2023-09-30 0001383650 cqp:RegasificationServiceMember 2024-01-01 2024-09-30 0001383650 cqp:RegasificationServiceMember 2023-01-01 2023-09-30 0001383650 us-gaap:ProductAndServiceOtherMember 2024-07-01 2024-09-30 0001383650 us-gaap:ProductAndServiceOtherMember 2023-07-01 2023-09-30 0001383650 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-09-30 0001383650 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-09-30 0001383650 2024-07-01 2024-09-30 0001383650 2023-07-01 2023-09-30 0001383650 2023-01-01 2023-09-30 0001383650 us