CQP - Cheniere Energy PartnersEPS of $3.50 revenue of $2.92B beats by $50M
2023-05-02 07:57:21 ET
- Cheniere Energy Partners press release ( NYSE: CQP ): Q1 EPS of $3.50 may not be comparable to consensus of $1.28.
- The increase was primarily due to non-cash favorable changes in fair value of commodity derivatives (further described below) and increased volumes of LNG delivered, partially offset by lower regasification revenues related to the previously announced early termination of the Terminal Use Agreement (“TUA”) between Sabine Pass LNG, L.P. and Chevron.
- Revenue of $2.92B (-12.3% Y/Y) beats by $50M .
- Declared a cash distribution of $1.03 per common unit to unitholders of record as of May 8, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255. The common unit distribution and the related general partner distribution will be paid on May 15, 2023.
- Reconfirming full year 2023 distribution guidance of $4.00 - $4.25 per common unit.
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Cheniere Energy PartnersEPS of $3.50, revenue of $2.92B beats by $50M