Financials 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

Projected Income Statement: Cheniere Energy Partners, L.P.

income-statement-evolution-chart CHENIERE-ENERGY-PARTNERS-

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,838	6,167	9,434	17,206	9,664	8,601	9,904	10,719
Change	-	-9.81%	52.98%	82.38%	-43.83%	-11%	15.16%	8.22%
EBITDA ¹	2,507	2,762	3,076	5,071	3,626	3,661	3,764	3,743
Change	-	10.17%	11.37%	64.86%	-28.5%	0.95%	2.83%	-0.55%
EBIT ¹	2,040	2,125	2,557	3,380	5,036	3,080	3,090	3,013
Change	-	4.17%	20.33%	32.19%	48.99%	-38.85%	0.35%	-2.49%
Interest Paid ¹	-885	-909	-831	-870	-823	-793.1	-781.8	-745.6
Earnings before Tax (EBT) ¹	1,175	1,183	1,630	2,498	4,254	2,372	2,243	2,273
Change	-	0.68%	37.79%	53.25%	70.3%	-44.24%	-5.45%	1.34%
Net income ¹	1,175	1,183	1,630	2,498	4,254	2,528	2,330	2,264
Change	-	0.68%	37.79%	53.25%	70.3%	-40.58%	-7.82%	-2.83%
Announcement Date	2/25/20	2/24/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	1,908	1,718	1,470	982	1,997	1,963	1,889	2,324	3,258	3,328	4,181	4,976	4,721	2,917	1,933	2,128	2,686	2,295	1,894	2,055	2,325	2,399	2,306	2,412	2,620	2,837	2,731	2,733
Change	-	-9.96%	-14.44%	-33.2%	103.36%	-1.7%	-3.77%	23.03%	40.19%	2.15%	25.63%	19.01%	-5.12%	-38.21%	-33.73%	10.09%	26.22%	-14.56%	-17.47%	8.5%	13.15%	3.17%	-3.85%	4.59%	8.62%	8.27%	-3.71%	0.06%
EBITDA ¹	766	792	846	352	772	779	690	738	868	1,031	977	1,471	1,591	1,026	757	793	1,050	1,000	832	852	960.7	944.3	912.8	922.7	971.7	974.4	917.2	923.7
Change	-	3.39%	6.82%	-58.39%	119.32%	0.91%	-11.42%	6.96%	17.62%	18.78%	-5.24%	50.56%	8.16%	-35.51%	-26.22%	4.76%	32.41%	-4.76%	-16.8%	2.4%	12.76%	-1.71%	-3.33%	1.08%	5.31%	0.28%	-5.87%	0.71%
EBIT ¹	676	664	684	152	625	618	604	616	719	362	555	-299	2,762	2,129	818	988	1,101	875	766	827	788.4	772.1	737.3	748	810.8	792.4	731.6	734.6
Change	-	-1.78%	3.01%	-77.78%	311.18%	-1.12%	-2.27%	1.99%	16.72%	-49.65%	53.31%	-	-	-22.92%	-61.58%	20.78%	11.44%	-20.53%	-12.46%	7.96%	-4.67%	-2.06%	-4.51%	1.45%	8.39%	-2.27%	-7.67%	0.41%
Charge d'intérêts ¹	-237	-234	-236	-221	-218	-217	-209	-210	-195	-203	-216	-222	-229	-208	-207	-205	-203	-202	-202	-199	-191.4	-190.8	-189.5	-187.8	-188.6	-	-	-
Earnings before Tax (EBT) ¹	448	435	406	-67	409	347	395	381	506	159	342	-514	2,511	1,935	622	791	906	682	570	635	582.7	583.5	549.6	555.4	590.7	596.4	533.2	533.4
Change	-	-2.9%	-6.67%	-	-	-15.16%	13.83%	-3.54%	32.81%	-68.58%	115.09%	-	-	-22.94%	-67.86%	27.17%	14.54%	-24.72%	-16.42%	11.4%	-8.24%	0.14%	-5.82%	1.06%	6.37%	0.96%	-10.59%	0.03%
Net income ¹	448	435	406	-67	409	347	395	381	507	159	342	-514	2,511	1,935	622	791	906	682	570	635	674.2	615.8	592.3	598.5	631.7	596.4	533.2	533.4
Change	-	-2.9%	-6.67%	-	-	-15.16%	13.83%	-3.54%	33.07%	-68.64%	115.09%	-	-	-22.94%	-67.86%	27.17%	14.54%	-24.72%	-16.42%	11.4%	6.17%	-8.66%	-3.82%	1.05%	5.55%	-5.59%	-10.59%	0.03%
Announcement Date	2/25/20	4/30/20	8/6/20	11/6/20	2/24/21	5/4/21	8/5/21	11/4/21	2/24/22	5/4/22	8/4/22	11/3/22	2/23/23	5/2/23	8/3/23	11/2/23	2/22/24	5/3/24	8/8/24	10/31/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Cheniere Energy Partners, L.P.

balance-sheet-analysis-chart CHENIERE-ENERGY-PARTNERS-

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	15,798	16,370	16,203	17,194	15,275	14,741	13,918	13,330
Change	-	3.62%	-1.02%	6.12%	-11.16%	-3.5%	-5.58%	-4.22%
Announcement Date	2/25/20	2/24/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Cheniere Energy Partners, L.P.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,331	972	648	451	220	275	490	235
Change	-	-26.97%	-33.33%	-30.4%	-51.22%	25%	78.18%	-52.04%
Free Cash Flow (FCF) ¹	216	779	1,643	3,698	2,889	2,290	2,702	2,850
Change	-	260.65%	110.91%	125.08%	-21.88%	-20.73%	17.97%	5.47%
Announcement Date	2/25/20	2/24/21	2/24/22	2/23/23	2/22/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Cheniere Energy Partners, L.P.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	36.66%	44.79%	32.61%	29.47%	37.52%	42.56%	38%	34.92%
EBIT Margin (%)	29.83%	34.46%	27.1%	19.64%	52.11%	35.81%	31.2%	28.11%
EBT Margin (%)	17.18%	19.18%	17.28%	14.52%	44.02%	27.58%	22.64%	21.2%
Net margin (%)	17.18%	19.18%	17.28%	14.52%	44.02%	29.39%	23.53%	21.12%
FCF margin (%)	3.16%	12.63%	17.42%	21.49%	29.89%	26.63%	27.28%	26.58%
FCF / Net Income (%)	18.38%	65.85%	100.8%	148.04%	67.91%	90.6%	115.95%	125.85%
Profitability
ROA	6.29%	6.14%	8.51%	-	11.53%	10.3%	10%	11.1%
ROE	65.31%	156.69%	187.57%	-	-	165.91%	123.63%	106.68%
Financial Health
Leverage (Debt/EBITDA)	6.3x	5.93x	5.27x	3.39x	4.21x	4.03x	3.7x	3.56x
Debt / Free cash flow	73.14x	21.01x	9.86x	4.65x	5.29x	6.44x	5.15x	4.68x
Capital Intensity
CAPEX / Current Assets (%)	19.46%	15.76%	6.87%	2.62%	2.28%	3.2%	4.95%	2.19%
CAPEX / EBITDA (%)	53.09%	35.19%	21.07%	8.89%	6.07%	7.51%	13.02%	6.28%
CAPEX / FCF (%)	616.2%	124.78%	39.44%	12.2%	7.62%	12.01%	18.14%	8.25%
Items per share
Cash flow per share ¹	4.438	4.385	4.734	8.572	-	5.92	6.032	6.03
Change	-	-1.18%	7.94%	81.1%	-	-	1.89%	-0.03%
Dividend per Share ¹	2.46	2.59	2.705	4.25	4.125	3.25	3.216	3.193
Change	-	5.28%	4.44%	57.12%	-2.94%	-21.21%	-1.06%	-0.71%
Book Value Per Share ¹	5.141	1.475	2.12	-2.31	2.145	3.484	4.139	4.875
Change	-	-71.31%	43.73%	-208.96%	-192.84%	62.44%	18.81%	17.79%
EPS ¹	2.25	2.32	3	3.27	6.95	4.723	4.154	4.38
Change	-	3.11%	29.31%	9%	112.54%	-32.05%	-12.05%	5.45%
Nbr of stocks (in thousands)	484,014	484,020	484,026	484,032	484,039	484,047	484,047	484,047
Announcement Date	2/25/20	2/24/21	2/24/22	2/23/23	2/22/24	-	-	-