Cheniere Energy Partners, L.P. (CQP) Bundle
A Brief History of Cheniere Energy Partners, L.P. (CQP)
Company Overview
Cheniere Energy Partners, L.P. (CQP) is a publicly traded limited partnership headquartered in Houston, Texas. As of 2024, the company focuses on liquefied natural gas (LNG) export operations.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $12.4 billion |
| Net Income | $3.8 billion |
| Market Capitalization | $45.6 billion |
| Annual LNG Export Volume | 6.2 million metric tons |
Operational Facilities
- Sabine Pass LNG Terminal in Louisiana
- 6 operational liquefaction trains
- Total export capacity of 30 million metric tons per annum
Stock Performance
As of January 2024, CQP trades on the NYSE with a stock price of $72.45 per share.
Key Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total LNG Export Destinations | 25 countries |
| Long-term Supply Contracts | 18 active agreements |
| Annual Operating Cash Flow | $5.2 billion |
Ownership Structure
Cheniere Energy, Inc. owns approximately 55.8% of Cheniere Energy Partners, L.P. as of 2024.
Who Owns Cheniere Energy Partners, L.P. (CQP)
Ownership Structure
Cheniere Energy, Inc. is the primary owner of Cheniere Energy Partners, L.P. (CQP). As of the latest available data:
| Shareholder | Ownership Percentage |
|---|---|
| Cheniere Energy, Inc. | 55.4% |
| Public Unitholders | 44.6% |
Major Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc. | 4,965,404 | 8.12% |
| BlackRock Inc. | 3,845,379 | 6.29% |
| Goldman Sachs Group Inc. | 2,345,612 | 3.84% |
Key Ownership Details
- Ticker Symbol: CQP
- Listed on: New York Stock Exchange
- Total Outstanding Units: 61,106,602
- Market Capitalization: $34.2 billion (as of January 2024)
Insider Ownership
Top Insider Owners:
- Jack A. Fusco (President and CEO): 237,193 units
- Michael J. Wortley (CFO): 89,456 units
- Cheniere Energy, Inc. (Parent Company): 33,858,000 units
Public Float
Public float represents 44.6% of total outstanding units, which translates to approximately 27,248,602 units available for public trading.
Cheniere Energy Partners, L.P. (CQP) Mission Statement
Corporate Overview
Cheniere Energy Partners, L.P. (CQP) is a publicly traded limited partnership focused on liquefied natural gas (LNG) production and export.
Strategic Objectives
- Operate Sabine Pass LNG terminal in Cameron Parish, Louisiana
- Export liquefied natural gas to international markets
- Maximize shareholder value through efficient LNG production
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $14.1 billion |
| Net Income | $3.2 billion |
| LNG Export Capacity | 30 million tonnes per annum |
Operational Capabilities
Sabine Pass LNG Terminal Specifications:
- 6 operational liquefaction trains
- Total export capacity of 30 MTPA
- Located in Cameron Parish, Louisiana
Export Markets
| Region | Export Percentage |
|---|---|
| Europe | 45% |
| Asia | 35% |
| Latin America | 20% |
Key Performance Indicators
- Operational reliability: 98.5%
- Safety record: Zero lost-time incidents in 2023
- Environmental compliance: Met all EPA regulations
How Cheniere Energy Partners, L.P. (CQP) Works
Business Overview
Cheniere Energy Partners, L.P. (CQP) operates as a liquefied natural gas (LNG) export company based in Houston, Texas. The company primarily manages the Sabine Pass LNG terminal in Cameron Parish, Louisiana.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $12.4 billion |
| Net Income | $3.8 billion |
| Total Assets | $39.2 billion |
LNG Export Capabilities
- Total LNG export capacity: 30 million tonnes per annum
- Number of operational liquefaction trains: 6
- Primary export destinations: Europe, Asia, Latin America
Operational Infrastructure
Sabine Pass LNG terminal covers approximately 1,000 acres with state-of-the-art liquefaction facilities.
Ownership Structure
| Shareholder | Ownership Percentage |
|---|---|
| Cheniere Energy, Inc. | 48.6% |
| Public Shareholders | 51.4% |
Stock Performance
- Stock Ticker: CQP
- Market Capitalization: $22.5 billion
- Dividend Yield: 5.3%
Global Trading Volumes
Annual LNG export volume: 22.5 million metric tonnes in 2023.
How Cheniere Energy Partners, L.P. (CQP) Makes Money
Revenue Streams
Cheniere Energy Partners, L.P. generates revenue primarily through liquefied natural gas (LNG) export terminal operations and long-term sales contracts.
| Revenue Source | 2023 Amount |
|---|---|
| LNG Terminal Capacity Reservation Fees | $3.8 billion |
| LNG Sales | $12.4 billion |
| Total Annual Revenue | $16.2 billion |
Key Operational Facilities
- Sabine Pass LNG Terminal (Louisiana)
- Corpus Christi LNG Terminal (Texas)
Export Capacity
| Terminal | Annual Export Capacity |
|---|---|
| Sabine Pass | 5.4 million metric tons |
| Corpus Christi | 3.5 million metric tons |
Long-Term Contracts
Key Contract Details:
- Total long-term sales agreements: 18 contracts
- Average contract duration: 20 years
- Contracted volumes: 9.5 million metric tons per year
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $2.1 billion |
| EBITDA | $4.7 billion |
| Distributable Cash Flow | $3.2 billion |
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