Financial Ratios Cheniere Energy Partners, L.P.

Equities

CQP

US16411Q1013

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 04:00:02 2024-12-06 pm EST			5-day change	1st Jan Change
57.94 ^USD	-1.33%		-0.53%	+16.37%

Dec. 05	UBS Adjusts Price Target on Cheniere Energy Partners to $58 From $51, Keeps Neutral Rating	MT
Dec. 02	US LNG exports to Europe surge in November on higher prices	RE

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Published financial data: CHENIERE ENERGY PARTNERS, L.P.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.79B	6.13B	9.38B	17.14B	9.6B
Other Revenues, Total	49M	41M	53M	63M	63M
Total Revenues	6.84B	6.17B	9.43B	17.21B	9.66B
Cost of Goods Sold, Total	4.15B	3.38B	6.21B	13.1B	3.85B
Gross Profit	2.69B	2.79B	3.22B	4.11B	5.81B
Selling General & Admin Expenses, Total	113M	110M	94M	97M	99M
R&D Expenses	-	-	2M	-	-
Depreciation & Amortization - (IS)	527M	551M	557M	634M	672M
Other Operating Expenses	-	-	-	-	7M
Other Operating Expenses, Total	640M	661M	653M	731M	778M
Operating Income	2.05B	2.13B	2.57B	3.38B	5.04B
Interest Expense, Total	-885M	-909M	-831M	-870M	-823M
Interest And Investment Income	-	-	-	-	46M
Net Interest Expenses	-885M	-909M	-831M	-870M	-777M
Other Non Operating Income (Expenses)	33M	10M	5M	21M	1M
EBT, Excl. Unusual Items	1.2B	1.23B	1.74B	2.53B	4.26B
Asset Writedown	-7M	-5M	-10M	-	-
Other Unusual Items	-13M	-43M	-101M	-33M	-6M
EBT, Incl. Unusual Items	1.18B	1.18B	1.63B	2.5B	4.25B
Earnings From Continuing Operations	1.18B	1.18B	1.63B	2.5B	4.25B
Net Income to Company	1.18B	1.18B	1.63B	2.5B	4.25B
Net Income - (IS)	1.18B	1.18B	1.63B	2.5B	4.25B
Preferred Dividend and Other Adjustments	86M	117M	180M	915M	892M
Net Income to Common Incl Extra Items	1.09B	1.07B	1.45B	1.58B	3.36B
Net Income to Common Excl. Extra Items	1.09B	1.07B	1.45B	1.58B	3.36B
Per Share Items
Net EPS - Basic	2.25	2.2	3	3.27	6.95
Basic EPS - Continuing Operations	2.25	2.2	3	3.27	6.95
Basic Weighted Average Shares Outstanding	484M	484M	484M	484M	484M
Net EPS - Diluted	2.25	2.2	3	3.27	6.95
Diluted EPS - Continuing Operations	2.25	2.2	3	3.27	6.95
Diluted Weighted Average Shares Outstanding	484M	484M	484M	484M	484M
Normalized Basic EPS	1.54	1.59	2.25	3.27	5.5
Normalized Diluted EPS	1.54	1.59	2.25	3.27	5.5
Dividend Per Share	2.46	2.59	2.7	4.25	4.12
Payout Ratio	99.66	104.9	78.96	75.18	47.32
Supplemental Items
EBITDA	2.57B	2.68B	3.12B	4.01B	5.71B
EBITA	2.05B	2.13B	2.57B	3.38B	5.04B
EBIT	2.05B	2.13B	2.57B	3.38B	5.04B
EBITDAR	2.58B	2.69B	3.14B	4.03B	5.72B
Total Revenues (As Reported)	6.84B	6.17B	9.43B	17.21B	9.66B
Normalized Net Income	747M	769M	1.09B	1.58B	2.66B
Interest Capitalized	87M	96M	132M	40M	8M
Interest on Long-Term Debt	972M	1B	963M	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	113M	110M	94M	97M	99M
Research And Development Expense From Footnotes	-	-	2M	-	-
Net Rental Expense, Total	11M	12M	12M	13M	13M
Imputed Operating Lease Interest Expense	5.07M	5.46M	5.29M	5.64M	5.35M
Imputed Operating Lease Depreciation	5.93M	6.54M	6.71M	7.36M	7.65M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.78B	1.21B	876M	904M	575M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.78B	1.21B	876M	904M	575M
Accounts Receivable, Total	388M	484M	780M	1.16B	643M
Other Receivables	14M	18M	34M	24M	9M
Total Receivables	402M	502M	814M	1.18B	652M
Inventory	116M	107M	176M	160M	142M
Prepaid Expenses	-	-	-	-	-
Restricted Cash	181M	97M	98M	92M	56M
Other Current Assets, Total	227M	219M	248M	285M	156M
Total Current Assets	2.71B	2.14B	2.21B	2.62B	1.58B
Gross Property Plant And Equipment	18.29B	19.19B	19.85B	20.35B	20.5B
Accumulated Depreciation	-1.83B	-2.37B	-2.92B	-3.54B	-4.2B
Net Property Plant And Equipment	16.46B	16.82B	16.93B	16.81B	16.29B
Long-term Investments	-	-	-	-	-
Deferred Charges Long-Term	15M	17M	12M	8M	16M
Other Long-Term Assets, Total	200M	171M	206M	191M	212M
Total Assets	19.38B	19.14B	19.36B	19.63B	18.1B
Liabilities
Accounts Payable, Total	86M	63M	86M	32M	69M
Accrued Expenses, Total	574M	593M	978M	1.25B	734M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	300M
Current Portion of Leases	6M	7M	8M	14M	14M
Unearned Revenue Current, Total	156M	138M	156M	147M	117M
Other Current Liabilities	144M	82M	117M	981M	332M
Total Current Liabilities	966M	883M	1.34B	2.42B	1.57B
Long-Term Debt	17.58B	17.58B	17.18B	16.2B	15.61B
Long-Term Leases	87M	90M	89M	98M	85M
Unearned Revenue Non Current	-	-	-	5M	5M
Other Non Current Liabilities	37M	53M	29M	3.04B	1.62B
Total Liabilities	18.67B	18.61B	18.64B	21.76B	18.89B
Common Stock, Total	796M	714M	1.02B	-1.12B	1.04B
Total Common Equity	796M	714M	1.02B	-1.12B	1.04B
Minority Interest	-81M	-175M	-306M	-1.01B	-1.82B
Total Equity	715M	539M	718M	-2.13B	-784M
Total Liabilities And Equity	19.38B	19.14B	19.36B	19.63B	18.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	484M	484M	484M	484M	484M
ECS Total Common Shares Outstanding	484M	484M	484M	484M	484M
Book Value / Share	1.64	1.48	2.12	-2.31	2.14
Tangible Book Value	796M	714M	1.02B	-1.12B	1.04B
Tangible Book Value Per Share	1.64	1.48	2.12	-2.31	2.14
Total Debt	17.67B	17.68B	17.27B	16.31B	16B
Net Debt	15.89B	16.47B	16.4B	15.41B	15.43B
Debt Equivalent Oper. Leases	88M	96M	96M	104M	104M
Minority Interest, Total (Incl. Fin. Div)	-81M	-175M	-306M	-1.01B	-1.82B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	80M	82M	86M	103M	107M
Inventories - Finished Goods, Total	36M	25M	88M	55M	34M
Inventories - Others	-	-	2M	2M	1M
Machinery, Total	16.89B	16.91B	16.97B	20.07B	20.18B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.18B	1.18B	1.63B	2.5B	4.25B
Depreciation & Amortization - CF	527M	551M	557M	634M	672M
Depreciation & Amortization, Total	527M	551M	557M	634M	672M
Amortization of Deferred Charges, Total - (CF)	34M	32M	29M	30M	28M
Asset Writedown & Restructuring Costs	7M	5M	10M	-	-
Other Operating Activities, Total	-45M	100M	70M	1.13B	-2.06B
Change In Accounts Receivable	25M	-101M	-237M	-447M	527M
Change In Inventories	-16M	8M	-68M	12M	18M
Change In Accounts Payable	-126M	-	321M	354M	-467M
Change in Unearned Revenues	39M	-18M	18M	-11M	46M
Change in Other Net Operating Assets	-73M	-9M	-39M	-54M	89M
Cash from Operations	1.55B	1.75B	2.29B	4.15B	3.11B
Capital Expenditure	-1.33B	-972M	-648M	-451M	-220M
Other Investing Activities, Total	-1M	-	-	-	-7M
Cash from Investing	-1.33B	-972M	-648M	-451M	-227M
Long-Term Debt Issued, Total	2.23B	2B	3.18B	559M	1.4B
Total Debt Issued	2.23B	2B	3.18B	559M	1.4B
Long-Term Debt Repaid, Total	-730M	-2B	-3.6B	-1.56B	-1.7B
Total Debt Repaid	-730M	-2B	-3.6B	-1.56B	-1.7B
Common Dividends Paid	-1.17B	-1.24B	-1.29B	-1.88B	-2.01B
Common & Preferred Stock Dividends Paid	-1.17B	-1.24B	-1.29B	-1.88B	-2.01B
Other Financing Activities, Total	-123M	-188M	-271M	-797M	-931M
Cash from Financing	206M	-1.43B	-1.98B	-3.68B	-3.25B
Net Change in Cash	421M	-655M	-333M	22M	-365M
Supplemental Items
Cash Interest Paid	829M	904M	812M	777M	748M
Levered Free Cash Flow	1.28B	291M	1.07B	2.47B	2.67B
Unlevered Free Cash Flow	1.8B	827M	1.56B	2.99B	3.15B
Change In Net Working Capital	-1.32B	83M	-50M	-690M	445M
Net Debt Issued / Repaid	1.5B	-5M	-418M	-1B	-303M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.85	6.91	8.33	10.84	16.68
Return on Total Capital	7.26	7.27	8.86	13.13	21.41
Return On Equity %	155.12	188.68	259.35	-353.57	-291.87
Return on Common Equity	135.11	141.19	166.86	-3.37K	-8.4K
Margin Analysis
Gross Profit Margin %	39.3	45.26	34.13	23.89	60.16
SG&A Margin	1.65	1.78	1	0.56	1.02
EBITDA Margin %	37.64	43.47	33.11	23.33	59.06
EBITA Margin %	29.94	34.54	27.21	19.64	52.11
EBIT Margin %	29.94	34.54	27.21	19.64	52.11
Income From Continuing Operations Margin %	17.18	19.18	17.28	14.52	44.02
Net Income Margin %	17.18	19.18	17.28	14.52	44.02
Net Avail. For Common Margin %	15.93	17.29	15.37	9.2	34.79
Normalized Net Income Margin	10.92	12.48	11.53	9.19	27.55
Levered Free Cash Flow Margin	18.69	4.72	11.37	14.37	27.61
Unlevered Free Cash Flow Margin	26.28	13.41	16.57	17.35	32.64
Asset Turnover
Asset Turnover	0.37	0.32	0.49	0.88	0.51
Fixed Assets Turnover	0.43	0.37	0.56	1.02	0.58
Receivables Turnover (Average Receivables)	16.32	14.05	14.84	17.72	10.68
Inventory Turnover (Average Inventory)	38.61	30.28	43.92	77.95	25.5
Short Term Liquidity
Current Ratio	2.8	2.42	1.64	1.08	1.01
Quick Ratio	2.26	1.94	1.26	0.86	0.78
Operating Cash Flow to Current Liabilities	1.6	1.98	1.7	1.71	1.99
Days Sales Outstanding (Average Receivables)	22.37	26.05	24.59	20.6	34.18
Days Outstanding Inventory (Average Inventory)	9.45	12.09	8.31	4.68	14.32
Average Days Payable Outstanding	4.42	7.99	4.33	0.74	4.81
Cash Conversion Cycle (Average Days)	27.4	30.15	28.57	24.54	43.68
Long Term Solvency
Total Debt/Equity	2.47K	3.28K	2.41K	-765.37	-2.04K
Total Debt / Total Capital	96.11	97.04	96.01	115.03	105.15
LT Debt/Equity	2.47K	3.28K	2.4K	-764.71	-2K
Long-Term Debt / Total Capital	96.08	97	95.96	114.93	103.09
Total Liabilities / Total Assets	96.31	97.18	96.29	110.85	104.33
EBIT / Interest Expense	2.31	2.34	3.09	3.89	6.12
EBITDA / Interest Expense	2.92	2.96	3.77	4.63	6.95
(EBITDA - Capex) / Interest Expense	1.42	1.89	2.99	4.11	6.68
Total Debt / EBITDA	6.84	6.56	5.51	4.05	2.8
Net Debt / EBITDA	6.15	6.11	5.23	3.83	2.7
Total Debt / (EBITDA - Capex)	14.09	10.27	6.94	4.56	2.91
Net Debt / (EBITDA - Capex)	12.67	9.57	6.59	4.31	2.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.41	-9.81	52.98	82.38	-43.83
Gross Profit, 1 Yr. Growth %	7.61	3.87	15.37	27.67	41.43
EBITDA, 1 Yr. Growth %	6.76	4.16	16.52	28.9	42.2
EBITA, 1 Yr. Growth %	3.02	4.05	20.52	32.19	48.99
EBIT, 1 Yr. Growth %	3.02	4.05	20.52	32.19	48.99
Earnings From Cont. Operations, 1 Yr. Growth %	-7.77	0.68	37.79	53.25	70.3
Net Income, 1 Yr. Growth %	-7.77	0.68	37.79	53.25	70.3
Normalized Net Income, 1 Yr. Growth %	-7.65	3.01	41.43	46.22	68.31
Diluted EPS Before Extra, 1 Yr. Growth %	-10.3	-2.11	36.02	9.17	112.38
Accounts Receivable, 1 Yr. Growth %	-12.61	24.74	61.16	48.08	-44.33
Inventory, 1 Yr. Growth %	17.17	-7.76	64.49	-9.09	-11.25
Net Property, Plant and Equip., 1 Yr. Growth %	6.97	2.19	0.63	-0.67	-3.1
Total Assets, 1 Yr. Growth %	7.84	-1.23	1.11	1.42	-7.8
Tangible Book Value, 1 Yr. Growth %	-2.45	-10.3	43.42	-209.18	-192.84
Common Equity, 1 Yr. Growth %	-2.45	-10.3	43.42	-209.18	-192.84
Cash From Operations, 1 Yr. Growth %	-17.45	13.19	30.84	81.1	-25.07
Capital Expenditures, 1 Yr. Growth %	65.55	-26.97	-33.33	-30.4	-51.22
Levered Free Cash Flow, 1 Yr. Growth %	179.4	-77.22	268.57	131.71	7.94
Unlevered Free Cash Flow, 1 Yr. Growth %	104.98	-53.97	88.98	91.73	5.66
Dividend Per Share, 1 Yr. Growth %	7.89	5.28	4.44	57.12	-2.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	26.05	-2.04	17.46	67.03	1.21
Gross Profit, 2 Yr. CAGR %	29.92	5.72	9.47	21.37	34.37
EBITDA, 2 Yr. CAGR %	31.13	5.45	10.17	22.47	35.39
EBITA, 2 Yr. CAGR %	32.96	3.54	11.98	26.12	40.34
EBIT, 2 Yr. CAGR %	32.96	3.54	11.98	26.12	40.34
Earnings From Cont. Operations, 2 Yr. CAGR %	54.85	-3.64	17.78	45.31	61.55
Net Income, 2 Yr. CAGR %	54.85	-3.64	17.78	45.31	61.55
Normalized Net Income, 2 Yr. CAGR %	46.21	-2.46	20.7	43.68	56.88
Diluted EPS Before Extra, 2 Yr. CAGR %	36.85	-6.29	15.39	21.86	52.27
Accounts Receivable, 2 Yr. CAGR %	5.59	4.41	41.79	54.48	-9.21
Inventory, 2 Yr. CAGR %	10.5	3.96	23.18	22.28	-10.18