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 Quarter:
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%
80.5% —
LNG revenue
15.5% —
LNG revenues affiliate
3.4% —
Regasification revenues
0.7% —
Other revenue
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| LNG revenue | 1,367,000 | 1,171,000 | 1,140,000 | 1,533,000 | 1,449,000 | 1,332,000 | 807,000 | 1,607,000 | 5,195,000 | 6,428,000 | ||||||||||||||||
| LNG revenues affiliate | 305,000 | 455,000 | 257,000 | 295,000 | 188,000 | 61,000 | 103,000 | 310,000 | 662,000 | 1,240,000 | ||||||||||||||||
| Regasification revenues | 66,000 | 67,000 | 66,000 | 67,000 | 67,000 | 68,000 | 67,000 | 67,000 | 269,000 | 268,000 | ||||||||||||||||
| Regasification revenue affiliate | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Other revenue | 11,000 | 12,000 | 13,000 | 13,000 | 14,000 | 9,000 | 5,000 | 13,000 | 41,000 | 52,000 | ||||||||||||||||
| Other revenue affiliate | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||
| Total Revenue | $1,749,000 | $1,705,000 | $1,476,000 | $1,908,000 | $1,718,000 | $1,470,000 | $982,000 | $1,997,000 | $6,167,000 | $7,988,000 |
Selected Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
20.3%
8.3% —
Operating and maintenance expense
6.9% —
Depreciation and amortization
2.0% —
Cost of sales-affiliate
1.9% —
Operating and maintenance expense-affiliate
1.2% —
General and administrative expense-affiliate
0.1% —
General and administrative
0.0% —
Gain or loss on sale of assets and asset impairments
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Cost of sales excluding Depreciation and Amortization
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879,000 | 880,000 | 742,000 | 873,000 | 699,000 | 398,000 | 454,000 | - | - | - | ||||||||||||||||
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Cost of sales-affiliate
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- | - | 6,000 | - | - | 5,000 | 33,000 | 39,000 | 77,000 | 156,000 | ||||||||||||||||
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Other
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- | - | - | - | - | - | - | - | - | - | ||||||||||||||||
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Operating and maintenance expense
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138,000 | 162,000 | 172,000 | 160,000 | 152,000 | 165,000 | 146,000 | 166,000 | 629,000 | 664,000 | ||||||||||||||||
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Operating and maintenance expense-affiliate
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29,000 | 37,000 | 34,000 | 38,000 | 33,000 | 48,000 | 34,000 | 37,000 | 152,000 | 148,000 | ||||||||||||||||
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Development expense
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- | - | - | - | - | - | - | - | - | - | ||||||||||||||||
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Development expense-affiliate
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- | - | - | - | - | - | - | - | - | - | ||||||||||||||||
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General and administrative
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3,000 | 3,000 | 3,000 | 2,000 | 2,000 | 8,000 | 2,000 | 2,000 | 14,000 | 8,000 | ||||||||||||||||
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General and administrative expense-affiliate
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21,000 | 27,000 | 34,000 | 20,000 | 25,000 | 24,000 | 24,000 | 23,000 | 96,000 | 92,000 | ||||||||||||||||
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Depreciation and amortization
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114,000 | 138,000 | 138,000 | 137,000 | 138,000 | 138,000 | 137,000 | 138,000 | 551,000 | 552,000 | ||||||||||||||||
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Gain or loss on sale of assets and asset impairments
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2,000 | 3,000 | 1,000 | 1,000 | 5,000 | - | - | - | 5,000 | - | ||||||||||||||||
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Total costs and operating expenses
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$1,186,000 | $1,250,000 | $1,130,000 | $1,232,000 | $1,054,000 | $786,000 | $830,000 | $1,372,000 | $4,042,000 | $5,488,000 |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
31.3%
31.3% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —
Loss on early repayment of debt
0.0% —
Other income
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
31.3%
31.3% —
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 Quarter:
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
10.9%
10.9% —
Interest expense
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
20.5%
20.5% —
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
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
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| Common |
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45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 45,678,795 | 348,625,292 | 135,383,831 | 348,631,292 | 135,383,831 | 348,626,792 | 135,383,831 | 348,629,792 | 135,383,831 | 348,631,292 | 135,383,831 | 348,632,792 | 135,383,831 | 484,019,623 | 484,021,123 | 484,021,123 | 484,021,123 |
Selected Quarter:
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)