Cheniere Energy Partners, L.P. (NYSE: CQP) has reported its financial results for the fourth quarter and full year 2025, and has introduced its full year 2026 distribution guidance.
In terms of revenues, the company generated $2.9 billion and $10.8 billion during the three and twelve months ended December 31, 2025, respectively, marking an 18% and 24% increase compared to the same periods in 2024. Net income also saw significant growth, reaching $1.3 billion and $3.0 billion for the same respective periods, reflecting a substantial 107% and 19% increase from 2024. Adjusted EBITDA increased by approximately $124 million and $89 million during the three and twelve months ended December 31, 2025, respectively, driven by higher total margins per MMBtu of liquefied natural gas delivered compared to the corresponding 2024 periods.
In terms of LNG exported, the number of cargoes increased by 4%, totaling 114 in the fourth quarter and 428 for the full year 2025. However, the volumes of LNG loaded showed a 1% decrease for both the fourth quarter and full year 2025 compared to 2024.
On the financial side, the company's available liquidity as of December 31, 2025, stood at $2.025 billion, consisting of cash and cash equivalents, restricted cash and cash equivalents, and available commitments under its credit facilities.
In terms of distribution, Cheniere Partners paid total cash distributions of $3.300 per common unit for the full year 2025, and has introduced a full year 2026 distribution guidance of $3.10 * $3.40 per common unit, maintaining a base distribution of $3.10 per common unit.
In terms of recent key financial transactions, in December 2025, the company redeemed $300 million aggregate principal amount outstanding of its 5.875% senior secured notes due 2026, and in February 2026, it redeemed the remaining $200 million aggregate principal amount of its 2026 SPL senior notes.
As a result of these announcements, the company's shares have moved 0.92% on the market, and are now trading at a price of $56.27. For more information, read the company's full 8-K submission here.
