| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.6K | 28.2% | 5.2% |
| Total Income | 2.6K | 28.2% | 5.2% |
| Expenditure | 1.2K | 61.6% | 28.6% |
| PBT | — | ||
| Net Profit | 1.2K | 524.2% | 110.0% |
| OPM | 51.88% | 41.85pp | 22.75pp |
| NPM | 44.95% | 39.78pp | 22.42pp |
| EPS | — |
Cheniere Partners Reports Q2 2026 Results and Reconfirms Full Year Guidance
06 Aug 2026 · 6 Aug, 5:08 pm
Summary
Cheniere Partners reported strong financial results for the second quarter of 2026, with revenues reaching $2.6 billion and net income soaring to $1.2 billion, a 110% increase year-over-year. Adjusted EBITDA also saw significant growth, rising 35% to $1.0 billion, driven by higher total margins per MMBtu of LNG delivered and increased volumes. The company reconfirmed its full year 2026 distribution guidance of $3.10 - $3.40 per common unit and announced progress on the SPL Expansion Project with the signing of an EPC contract.
Key Highlights
- 1
Cheniere Partners generated revenues of $2.6 billion for the three months ended June 30, 2026.
- 2
Net income for the second quarter of 2026 was $1.2 billion, a 110% increase compared to the prior year period.
- 3
Adjusted EBITDA for the second quarter of 2026 was $1.0 billion, up 35% year-over-year.
- 4
The company declared a cash distribution of $0.820 per common unit for the second quarter of 2026.
- 5
Full year 2026 distribution guidance of $3.10 - $3.40 per common unit was reconfirmed.
- 6
In May 2026, Sabine Pass Liquefaction Stage V, LLC entered into an EPC contract for the first phase of the SPL Expansion Project.
Management Comments
Zach Davis
The increases were primarily driven by higher total margins per MMBtu of liquefied natural gas (“LNG”) delivered, primarily due to higher volumes recognized in income. The increase for the three months ended June 30, 2026 was also attributable to approximately $367 million of favorable variances related to changes in the fair value of our derivative instruments, including those impacts related to our long-term Integrated Production Marketing (“IPM”) agreements, while reported net income for the six months ended June 30, 2026 reflected $233 million of unfavorable variances related to these changes in fair value. Adjusted EBITDA1 increased by approximately $257 million and $394 million during the three and six months ended June 30, 2026, respectively, primarily driven by higher total margins per MMBtu of LNG delivered, primarily driven by higher volumes recognized in income.
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