Cheniere Energy Partners Q3 net income rises on higher LNG margins
CQP•Cheniere Energy Partners reported Q3 revenue of $2.57 billion, up 7% year over year, and net income of $639 million, up 26%. Adjusted EBITDA rose 8% to $954 million, and the company raised the lower end of its 2026 distribution guidance to $3.30 per unit.
1. Quarterly results
Cheniere Energy Partners said Q3 net income rose 26% year over year to $639 million, on revenue of $2.57 billion, up 7%. Adjusted EBITDA increased 8% to $954 million. The company attributed the increases to higher total margins on LNG delivered, driven by higher volumes recognized in income and higher margins per MMBtu.
2. Distribution guidance
The company raised its 2026 distribution guidance to $3.30-$3.40 per unit from $3.10-$3.40 per unit. It said nine-month net income growth was partially offset by $208 million of unfavorable variances related to changes in the fair value of derivative instruments, including impacts from long-term IPM agreements.
