Cheniere Energy Partners Posts Q4 EPS of $1.08, 14% EBITDA Growth and $3.10–$3.40 Distribution
Cheniere Energy Partners delivered Q4 earnings of $1.08 per unit, beating estimates by $0.04, as revenues rose to $2.9 billion, surpassing forecasts by $0.3 billion. Adjusted EBITDA rose 14% to $1.014 billion on higher LNG margins, while cargo volumes climbed to 416 TBtu and full-year distribution guidance was set at $3.10–$3.40 per unit.
1. Q4 Financial Results
Cheniere Energy Partners recorded fourth-quarter earnings of $1.08 per unit, topping the $1.04 consensus, while revenues reached $2.9 billion versus $2.5 billion a year earlier and outstripping the $2.6 billion forecast.
2. Operations and Volumes
The partnership shipped 114 LNG cargoes in the quarter, delivering 416 trillion British thermal units compared to 110 cargoes and 401 TBtu in the year-ago period.
3. Margins and Costs
Adjusted EBITDA rose 14% to $1.014 billion, driven by higher LNG margins; cost of sales fell to $968 million from $1.2 billion, and total operating expenses declined to $1.4 billion from $1.6 billion a year earlier.
4. Guidance and Balance Sheet
Full-year distribution guidance was set at $3.10–$3.40 per unit. At Dec. 31, cash and equivalents stood at $182 million, with net long-term debt of $14.2 billion.