Cheniere Energy Partners, L.P.

Cheniere Energy Partners, L.P. announced strong financial results for the second quarter ended June 30, 2026, with net income surging 110% to $1.16 billion and revenues increasing 5% to $2.58 billion. Adjusted EBITDA also saw a significant rise of 35% to $983 million. The company declared a cash distribution of $0.820 per common unit for the quarter and reconfirmed its full year 2026 distribution guidance. Additionally, Cheniere Partners advanced its SPL Expansion Project by signing an EPC contract with Bechtel and issued $1.75 billion in new Senior Notes to refinance debt and fund expansion efforts.

Cheniere Energy Partners reported a strong second quarter, with net income increasing 110% to $1.16 billion and diluted EPS rising 135% to $2.14 compared to the prior year. Total revenues for the quarter grew 5.2% to $2.58 billion. The company also announced progress on its SPL Expansion Project, entering an EPC contract for the first phase in May 2026. Additionally, Cheniere Energy Partners issued $1.75 billion in new senior notes and changed its accounting for certain IPM agreements to the NPNS scope exception.

Cheniere Energy Partners, L.P. declared a quarterly cash distribution of $0.820 per common unit. This distribution, consisting of a $0.775 base amount and a $0.045 variable amount, is payable on August 14, 2026, to unitholders of record as of August 7, 2026. The company also clarified that 100% of distributions to foreign investors are subject to US federal income tax withholding.

Cheniere Energy Partners GP, LLC announced the appointment of Michael Jennings and Zamir Rauf to its Board of Directors, effective July 14, 2026. Mr. Jennings will serve on the Conflicts Committee and CMI SPA Committee, while Mr. Rauf will join the Conflicts Committee, Audit Committee, and Executive Committee. Concurrently, James R. Ball and Oliver G. Richard, III resigned from the Board. Both new directors are considered independent and will receive standard non-management director compensation, including a $200,000 annual equity award in phantom units and a $100,000 annual cash fee.

Cheniere Energy Partners, L.P. closed the sale of $1.75 billion in senior notes, comprising $1 billion of 5.350% Senior Notes due 2036 and $750 million of 6.050% Senior Notes due 2056. The notes were issued on a private placement basis and are senior unsecured obligations, unconditionally guaranteed by the company's subsidiaries. Interest on both series of notes will be paid semi-annually, in cash in arrears, starting November 30, 2026. Additionally, the company entered into a Registration Rights Agreement to facilitate a future exchange offer for registered notes.

Cheniere Energy Partners' subsidiary, Sabine Pass Liquefaction Stage V, LLC (SPLV), has entered into a $4.69 billion Engineering, Procurement and Construction (EPC) contract with Bechtel Energy, Inc. for Phase 1 of the Sabine Pass LNG Stage V Liquefaction Project. This phase includes Train 7 and a boil-off gas re-liquefaction unit, expected to add over 6 mtpa of LNG production capacity. A limited notice to proceed has been issued, with a final investment decision for Phase 1 projected by early 2027, pending regulatory approvals and financing.

Cheniere Energy Partners, L.P. announced the pricing of $1 billion aggregate principal amount of 5.350% Senior Notes due 2036 and $750 million aggregate principal amount of 6.050% Senior Notes due 2056. The 2036 Notes were priced at 99.511% of par and the 2056 Notes at 99.698% of par. The company intends to use the gross proceeds from this $1.75 billion offering, along with cash on hand, to redeem $1.5 billion of Sabine Pass Liquefaction, LLC's outstanding 5.00% Senior Secured Notes due 2027.

Cheniere Energy Partners reported Q1 2026 revenues of $3.6 billion, a 20% increase year-over-year, and Adjusted EBITDA of $1.2 billion, up 13%. However, net income decreased by 71% to $186 million, primarily due to non-cash unfavorable changes in the fair value of derivative instruments. The company reconfirmed its full-year 2026 distribution guidance of $3.10 - $3.40 per common unit and declared a Q1 cash distribution of $0.790 per common unit.

Cheniere Energy Partners reported a significant decrease in net income for Q1 2026, falling to $186 million from $641 million in Q1 2025, resulting in diluted EPS of $0.19 compared to $1.08. This decline occurred despite a rise in total revenues to $3.6 billion, primarily due to a substantial increase in cost of sales and net losses on derivative instruments. The company also saw an increase in cash provided by operating activities and maintained its common unit distribution at $0.830 per unit.

Cheniere Energy Partners, L.P. (CQP) declared a quarterly cash distribution of $0.790 per common unit, payable on May 15, 2026, to unitholders of record as of May 8, 2026. The distribution includes a base amount of $0.775 and a variable amount of $0.015. The partnership also noted that 100% of its distributions to foreign investors are subject to US federal income tax withholding due to being effectively connected with a US trade or business.