Cheniere Energy Partners posted Q2 net income of $1.16 billion, up 109.95% from a year earlier; EPS rose to $2.14.
Revenue climbed 5.21% to $2.58 billion, driven by higher production volumes; volumes recognized as revenues increased 12.82% to 396 TBtu.
Income from operations rose 87.41% to $1.34 billion, while cost of sales fell to $765 million due to favorable derivative fair-value changes.
Distribution declared and SPL Expansion Project contract signed
Declared a Q2 cash distribution of $0.82 per common unit, including $0.775 base and $0.045 variable, payable Aug. 14.
Signed a lump-sum turnkey EPC contract with Bechtel for the first phase of the SPL Expansion Project, issuing a limited notice to proceed for early engineering and procurement.
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