Company name:
Cheniere Energy Partners LP
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IPO SHARE PRICE:$21.00
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IPO DATE:21 March 2007
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TICKER:CQP
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MAIN STOCK EXCHANGE:American Stock Exchange
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CURRENT HQ LOCATION:700 Milam Street Suite 1900 Houston Texas 77002
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Cheniere Energy Partners LP
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
6.3%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
11.2%
6.3% —
Cash and cash equivalents
1.7% —
Accounts Receivable
1.0% —
Accounts receivable from related parties
0.8% —
Advances to affiliate
0.6% —
Inventory
0.5% —
Restricted cash and cash equivalents
0.3% —
Other short-term assets
0.1% —
Derivative assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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- | - | $1,781,000 | $1,210,000 | ||||||||
| Restricted cash and cash equivalents | 1,589,000 | 1,541,000 | 181,000 | 97,000 | ||||||||
| Accounts Receivable | 191,000 | 348,000 | 297,000 | 318,000 | ||||||||
| Accounts receivable from related parties | 163,000 | 114,000 | 105,000 | 184,000 | ||||||||
| Accounts and interest receivable | - | - | - | - | ||||||||
| Inventory | 95,000 | 99,000 | 116,000 | 107,000 | ||||||||
| LNG inventory | - | - | - | - | ||||||||
| LNG inventory - affiliate | - | - | - | - | ||||||||
| Advances to affiliate LNG inventory | - | - | - | - | ||||||||
| Prepaid expenses and other current assets | - | - | - | - | ||||||||
| Advances to affiliate | 36,000 | 228,000 | 158,000 | 144,000 | ||||||||
| Other affiliate | - | - | - | - | ||||||||
| Derivative assets | - | 6,000 | 17,000 | 14,000 | ||||||||
| Other short-term assets | 65,000 | 20,000 | 51,000 | 61,000 | ||||||||
| Other short-term assets affiliate | - | - | 1,000 | - | ||||||||
| Total current assets | $2,139,000 | $2,356,000 | $2,707,000 | $2,135,000 |
87.3%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
88.8%
87.3% —
Property plant and equipment net
0.8% —
Other non-current assets
0.5% —
Operating lease assets
0.1% —
Debt issuance costs
0.1% —
Long-term derivative assets
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| Long-term restricted cash | - | - | - | - | ||||||||
| Advances under long-term contracts | - | - | - | - | ||||||||
| Property plant and equipment net | 15,139,000 | 15,390,000 | 16,368,000 | 16,723,000 | ||||||||
| Operating lease assets | - | - | 94,000 | 99,000 | ||||||||
| Debt issuance costs | 38,000 | 13,000 | 15,000 | 17,000 | ||||||||
| Long-term derivative assets | 31,000 | 31,000 | 32,000 | 11,000 | ||||||||
| Other non-current assets affiliate | - | - | - | - | ||||||||
| Other non-current assets | 206,000 | 184,000 | 168,000 | 160,000 | ||||||||
| Total non-current assets | 15,414,000 | 15,618,000 | 16,677,000 | 17,010,000 |
| Total assets | $17,553,000 | $17,974,000 | $19,384,000 | $19,145,000 |
3.4%
91.8%
3.7%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
4.6%
3.4% —
Accrued liabilities
0.7% —
Current portion of deferred revenue
0.3% —
Due to related parties
0.1% —
Accounts payable
0.1% —
Derivative liabilities
0.0% —
Current portion of Operating leases
0.0% —
Accrued liabilities - related parties
0.0% —
Current portion of deferred revenue
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| Accounts payable | $12,000 | $15,000 | $40,000 | $12,000 | ||||||||
| Accounts payable to related party | - | - | - | - | ||||||||
| Due to related parties | 68,000 | 49,000 | 46,000 | 53,000 | ||||||||
| Accrued liabilities | 637,000 | 821,000 | 709,000 | 658,000 | ||||||||
| Accrued liabilities - related parties | - | - | - | 4,000 | ||||||||
| Accrued liabilities affiliate | - | - | - | - | ||||||||
| Current portion of deferred revenue | 111,000 | 116,000 | 155,000 | 137,000 | ||||||||
| Deferred revenue-affiliate | - | - | 1,000 | - | ||||||||
| Derivative liabilities | - | 66,000 | 9,000 | 11,000 | ||||||||
| Current debt | - | - | - | - | ||||||||
| Current portion of Operating leases | - | - | 6,000 | 7,000 | ||||||||
| Other current liabilities | - | - | - | - | ||||||||
| Total current liabilities | $829,000 | $1,068,000 | $966,000 | $883,000 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
92.6%
91.8% —
Long-term debt
0.5% —
Operating leases
0.2% —
Derivative liabilities
0.1% —
Other non-current liabilities-affiliate
0.0% —
Other non-current liabilities
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| Deferred revenue | - | - | - | - | ||||||||
| Derivative liabilities | 3,000 | 14,000 | 16,000 | 35,000 | ||||||||
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Long-term debt
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16,046,000 | 16,066,000 | 17,579,000 | 17,580,000 | ||||||||
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Long-term debt related party
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- | - | - | - | ||||||||
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Operating leases
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- | - | 87,000 | 90,000 | ||||||||
| Other non-current liabilities | 11,000 | 4,000 | 1,000 | 1,000 | ||||||||
| Other non-current liabilities-affiliate | 25,000 | 22,000 | 20,000 | 17,000 | ||||||||
| Total long-term liabilities | $16,085,000 | $16,106,000 | $17,703,000 | $17,723,000 |
| Total Liabilities | $16,914,000 | $17,174,000 | $18,669,000 | $18,606,000 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
2.8%
3.7% —
Common units
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| Partners equity Creole Trail Pipeline Business equity | - | - | - | - | ||||||||
| Class B unitholders | - | - | - | - | ||||||||
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Subordinated unitholders
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(1,043,000) | (990,000) | (996,000) | - | ||||||||
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General partners equity
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12,000 | (16,000) | (81,000) | (175,000) | ||||||||
| Common units | 1,670,000 | 1,806,000 | 1,792,000 | 714,000 | ||||||||
| Accumulated other comprehensive loss | - | - | - | - | ||||||||
| Total Equity | $639,000 | $800,000 | $715,000 | $539,000 |
| Total Liabilities and Equity | $17,553,000 | $17,974,000 | $19,384,000 | $19,145,000 |