Company name:
Cheniere Energy Partners LP
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IPO SHARE PRICE:$21.00
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IPO DATE:March 21, 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
Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
84.2% —
LNG revenue
10.7% —
LNG revenues affiliate
4.4% —
Regasification revenues
0.7% —
Other revenue
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LNG revenue | 2,635,000 | 4,827,000 | 5,211,000 | 5,195,000 | 5,195,000 | 6,428,000 | |||||||||
| LNG revenues affiliate | 1,389,000 | 1,299,000 | 1,312,000 | 662,000 | 662,000 | 1,240,000 | |||||||||
| Regasification revenues | 260,000 | 261,000 | 266,000 | 269,000 | 269,000 | 268,000 | |||||||||
| Regasification revenue affiliate | - | - | - | - | - | - | |||||||||
| Revenues affiliate | - | - | - | - | - | - | |||||||||
| Other revenue | 20,000 | 39,000 | 49,000 | 41,000 | 41,000 | 52,000 | |||||||||
| Other revenue affiliate | - | - | - | - | - | - | |||||||||
| Total Revenue | $4,304,000 | $6,426,000 | $6,838,000 | $6,167,000 | $6,167,000 | $7,988,000 |
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
65.5%
40.6% —
Cost of sales
10.2% —
Operating and maintenance expense
8.9% —
Depreciation and amortization
2.5% —
Operating and maintenance expense-affiliate
1.6% —
General and administrative expense-affiliate
1.2% —
Cost of sales-affiliate
0.2% —
General and administrative
0.2% —
Operating and maintenance expense - related party
0.1% —
Gain or loss on sale of assets and asset impairments
0.0% —
Development expense
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Cost of sales
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- | 3,403,000 | 3,374,000 | 2,505,000 | 2,505,000 | - | |||||||||
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Cost of sales excluding Depreciation and Amortization
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2,320,000 | 3,403,000 | 3,374,000 | - | - | - | |||||||||
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Cost of sales-affiliate
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- | - | 7,000 | 77,000 | 77,000 | 156,000 | |||||||||
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Other
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2,000 | - | - | - | - | - | |||||||||
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Operating and maintenance expense
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292,000 | 409,000 | 632,000 | 629,000 | 629,000 | 664,000 | |||||||||
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Operating and maintenance expense-affiliate
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100,000 | 117,000 | 138,000 | 152,000 | 152,000 | 148,000 | |||||||||
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Operating and maintenance expense - related party
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- | - | - | 13,000 | 13,000 | - | |||||||||
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Development expense
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3,000 | 2,000 | - | - | - | - | |||||||||
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Development expense-affiliate
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- | - | - | - | - | - | |||||||||
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General and administrative
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12,000 | 11,000 | 11,000 | 14,000 | 14,000 | 8,000 | |||||||||
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General and administrative expense-affiliate
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80,000 | 73,000 | 102,000 | 96,000 | 96,000 | 92,000 | |||||||||
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Depreciation and amortization
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339,000 | 424,000 | 527,000 | 551,000 | 551,000 | 552,000 | |||||||||
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Depreciation
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- | - | - | - | - | - | |||||||||
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Gain or loss on sale of assets and asset impairments
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2,000 | 8,000 | 7,000 | 5,000 | 5,000 | - | |||||||||
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Total costs and operating expenses
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3,148,000 | 4,447,000 | 4,798,000 | 4,042,000 | 4,042,000 | 5,488,000 | |||||||||
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Total expenses
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- | - | - | - | - | - |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
34.5%
34.5% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.5%
0.1% —
Other income
0.0% —
Other income from related party
0.0% —
Gain or loss on derivative
0.7% —
Loss on early repayment of debt
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| Gain or loss on derivative | 4,000 | 14,000 | - | - | - | - | |||||||||
| Other income | 11,000 | 26,000 | 31,000 | 8,000 | 8,000 | - | |||||||||
| Other income from related party | - | - | 2,000 | 2,000 | 2,000 | - | |||||||||
| Loss on early repayment of debt | (67,000) | (12,000) | (13,000) | (43,000) | (43,000) | - | |||||||||
| Total non-operating income (expense) | (52,000) | 28,000 | 18,000 | (33,000) | (33,000) | - |
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
33.9%
33.9% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
14.7%
14.7% —
Interest expense
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
19.2%
19.2% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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Net income (loss)
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$490,000 | $1,274,000 | $1,175,000 | $1,183,000 | $1,183,000 | $1,636,000 | |||||||||
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Net loss attributable to the Creole Trail Pipeline Business
Net loss attributable to the Creole Trail Pipeline Business
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- | - | - | - | - | - | |||||||||
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Net income (loss) attributable to Partners
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- | - | - | - | - | - | |||||||||
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Net income (loss) attributable to Limited partners
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- | - | - | - | - | - | |||||||||
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General partners interest
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- | - | - | - | - | - |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)