Cheniere Energy Posts Revenues of $9.7 Billion; Adjusted EBITDA Drops by $1.4 Billion

By Tamara Parker • Thursday, February 22 16:13 • Permanent Link

Cheniere Energy Partners, L.P. has reported its financial results for the fourth quarter and full year 2023, revealing revenues of $2.7 billion and $9.7 billion respectively. The company also generated net income of $906 million and $4.3 billion, along with adjusted EBITDA of $1.1 billion and $3.6 billion for the same periods. Despite the positive results, there was a decrease in adjusted EBITDA by approximately $541 million and $1.4 billion during the three and twelve months ended December 31, 2023, as compared to the corresponding 2022 periods.

Cheniere Partners declared a cash distribution of $1.035 per common unit for the fourth quarter of 2023, and introduced full-year 2024 distribution guidance of $3.15 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.

The company also announced the commencement of trading on the NYSE effective February 5, 2024, under the symbol “CQP,” following the cessation of trading on the NYSE American after market close on February 2, 2024.

Management's outlook for the company was expressed in the press release, "We are pleased to announce the financial results for the fourth quarter and full year 2023 and introduce our full year 2024 distribution guidance. The transition to the NYSE marks an important milestone for Cheniere Partners as we continue to focus on delivering sustainable value to our unitholders."

Cheniere Partners' full 8-K submission is available here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.