uploads///distribution per unit

Cheniere Energy Partners Increased Its Distribution


Oct. 30 2017, Updated 1:40 p.m. ET

Cheniere Energy Partners’ 3Q17 distribution

Cheniere Energy’s (LNG) MLP subsidiary, Cheniere Energy Partners (CQP), announced a quarterly distribution increase for the first time since its IPO. The partnership declared a distribution of $0.44 per unit for the third quarter, which represents a $0.01 per unit (or 2.3%) increase compared to the previous quarter. Cheniere Energy, which currently depends on Cheniere Energy Partners for distribution income, is expected to benefit from the partnership’s distribution increase. Cheniere Energy receives distribution income through direct or indirect ownership of limited partnership interest, IDRs (incentive distribution rights), and GP (general partner) interest in Cheniere Energy Partners.

Article continues below advertisement

Cheniere Energy’s distribution targets

Cheniere Energy expects to receive $6.5 billion in cash flow during the 2017–2021 period. It includes $0.8 billion from GP/IDRs interest in Cheniere Energy Partners, $0.8 billion distribution income from Cheniere Marketing, $1.2 billion distribution income from Corpus Christi Holdings, and $2.3 billion dividends from Cheniere Energy Partners Holdings (CQH). Cheniere Energy Partners Holdings is a holding company of Cheniere Energy Partners. Cheniere Energy expects to use $4 billion of the cash flows for dividend payments, buybacks, and more expansions.

In the next part, we’ll discuss Cheniere Energy’s recent market performance and price forecast.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.